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Report Date : |
27.09.2014 |
IDENTIFICATION DETAILS
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Name : |
POINTSOFT JAPAN LTD |
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Registered Office : |
Sannomiya Denden Bldg 4F, 64 Naniwamachi
Chuoku |
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Country : |
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Financials (as on) : |
28.02.2014 |
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Date of Incorporation : |
April 2003 |
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Com. Reg. No.: |
1400-01-022725 |
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Legal Form : |
Limited Company |
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Line of Business : |
Imports and wholesales POS (point-of-sale) terminals, information & data processing systems, other (--100%) |
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No of Employees : |
10 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made on
e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
JAPAN - ECONOMIC OVERVIEW
In the years following World
War II, government-industry cooperation, a strong work ethic, mastery of high
technology, and a comparatively small defense allocation (1% of GDP) helped
Japan develop a technologically advanced economy. Two notable characteristics
of the post-war economy were the close interlocking structures of
manufacturers, suppliers, and distributors, known as keiretsu, and the
guarantee of lifetime employment for a substantial portion of the urban labor
force. Both features are now eroding under the dual pressures of global
competition and domestic demographic change. Japan's industrial sector is
heavily dependent on imported raw materials and fuels. A small agricultural
sector is highly subsidized and protected, with crop yields among the highest
in the world. While self-sufficient in rice production, Japan imports about 60%
of its food on a caloric basis. For three decades, overall real economic growth
had been spectacular - a 10% average in the 1960s, a 5% average in the 1970s,
and a 4% average in the 1980s. Growth slowed markedly in the 1990s, averaging
just 1.7%, largely because of the after effects of inefficient investment and
an asset price bubble in the late 1980s that required a protracted period of
time for firms to reduce excess debt, capital, and labor. Modest economic
growth continued after 2000, but the economy has fallen into recession three
times since 2008. A sharp downturn in business investment and global demand for
Japan's exports in late 2008 pushed Japan into recession. Government stimulus
spending helped the economy recover in late 2009 and 2010, but the economy
contracted again in 2011 as the massive 9.0 magnitude earthquake and the
ensuing tsunami in March disrupted manufacturing. The economy has largely
recovered in the two years since the disaster, but reconstruction in the Tohoku
region has been uneven. Prime Minister Shinzo ABE has declared the economy his
government's top priority; he has overturned his predecessor's plan to
permanently close nuclear power plants and is pursuing an economic
revitalization agenda of fiscal stimulus, monetary easing, and structural
reform. Japan joined the Trans Pacific Partnership negotiations in 2013, a pact
that would open Japan's economy to increased foreign competition and create new
export opportunities for Japanese businesses. Measured on a purchasing power
parity (PPP) basis that adjusts for price differences, Japan in 2013 stood as
the fourth-largest economy in the world after second-place China, which
surpassed Japan in 2001, and third-place India, which edged out Japan in 2012.
The new government will continue a longstanding debate on restructuring the
economy and reining in Japan's huge government debt, which is exceeding 230% of
GDP. To help raise government revenue and reduce public debt, Japan decided in
2013 to gradually increase the consumption tax to a total of 10% by the year
2015. Japan is making progress on ending deflation due to a weaker yen and
higher energy costs, but reliance on exports to drive growth and an aging,
shrinking population pose other major long-term challenges for the economy.
|
Source
: CIA |
POINTSOFT JAPAN LTD
Nippon Pointsoft
KK
Sannomiya Denden Bldg
4F, 64 Naniwamachi Chuoku Kobe 650-0035 Japan
Tel: 078-381-5800
Fax: 078-381-5057
URL: http://www.pointsoft.co.jp
E-Mail address: info@pointsoft.co.jp
ACTIVITIES: Import,
wholesale of POS (Point-of-sale) terminals, other
BRANCHES: Tokyo
OFFICERS: TOSHIAKI
FUJII, PRES
Yasuhiro Tosa, dir
Mizunori Shiba, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 104 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 20 M
TREND UP WORTH Yen 35 M
STARTED 2003 EMPLOYES 10
COMMENT: TRADING FIRM SPECIALIZING IN POS
TERMINALS. FINANCIAL SITUATION
CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company is a trading firm, operated by Toshiaki Fujii, for
import and wholesale of POS (point-of-sale) terminals, information & data
processing systems, other. Clients
include bookstores, department stores, supermarkets, other.
Financials are disclosed only partially.
The sales volume for Dec/2013 fiscal term amounted to Yen 104 million,
an 8% up from Yen 96 million in the previous term. Client networks expanded. The net profit was posted at Yen 2 million,
compared with Yen 1 million a year ago.
For the current term ending Dec 2014 the net profit is projected at Yen
3 million, on a 6% rise in turnover, to Yen 110 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 1.8 million, on 30 days normal terms.
Date Registered: Apr 2003
Regd No.:
1400-01-022725
(Kobe-Chuoku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 1,600
shares
Issued: 400
shares
Sum: Yen
20 million
Major shareholders (%): Toshiaki
Fujii (100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and
wholesales POS (point-of-sale) terminals, information & data processing
systems, other (--100%)
Clients: [Mfrs,
wholesalers] Sanseido Bookstore Co, Kobe Wine Co, Saizeriya Co (restaurant),
Kintetsu Retail Service Co, Colowide Co (food service), Kintetsu Corp
(railway), MOS Food Service Inc, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Pioneer Pos, Fuji Electric Co, Nippon Primex Inc, Toshiba Tec,
Ricoh Co Ltd, Okaya Electronics, other.
Payment record: No Complaints
Location: Business area in
Kobe. Office premises at the caption
address are leased and maintained satisfactory.
Bank References:
SMBC (Kobe)
Kobe Shinkin Bank
(H/O)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
|
28/02/2015 |
28/02/2014 |
28/02/2013 |
29/02/2012 |
|
Annual
Sales |
|
110 |
104 |
96 |
94 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
3 |
2 |
1 |
1 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
35 |
33 |
32 |
|
Capital,
Paid-Up |
|
|
20 |
20 |
20 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
5.77 |
8.33 |
2.13 |
-24.80 |
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
|
.. |
.. |
.. |
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N.Profit/Sales |
|
2.73 |
1.92 |
1.04 |
1.06 |
Notes: Financials
are only partially disclosed.
Forecast (or
estimated) figures for the 28/02/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.57 |
|
|
1 |
Rs.100.42 |
|
Euro |
1 |
Rs.78.45 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.