MIRA INFORM REPORT
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Report No. : |
317242 |
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Report Date : |
13.04.2015 |
IDENTIFICATION DETAILS
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Name : |
JUNSEI GUITARS (PROPRIETORSHIP) |
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|
|
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Registered Office : |
1-17 Hakkocho Kasugai City Aichi-Pref 486-0916 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
April
2004 |
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Legal Form : |
Proprietorship
(Kojin Gaisha) |
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Line of Business : |
Import,
export and wholesale of guitars |
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No. of Employee : |
2 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 1.5 MILLION |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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%20-%20317242%2013-Apr-2015_files/image006.gif){kind=small}
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 |
Company
name and address
JUNSEI GUITARS (PROPRIETORSHIP)
REGD NAME: Junsei Guitars (Not
registered)
MAIN OFFICE: 1-17 Hakkocho Kasugai City
Aichi-Pref 486-0916 JAPAN
Tel: 0568-31-3191 Fax: 0568-31-3192
URL: http://www.junsei-guitars.com
E-Mail
address: junsei@junsei-guitars.com
ACTIVITIES
Import,
export, retail of guitars
BRANCHES
At the
caption address (Shop)
OFFICERS
SHUNSEI
SUZUKI, PROPRIETOR
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 85 M
PAYMENTS Slow but correct CAPITAL Yen
- - -
TREND UP WORTH Yen 112 M
STARTED 2004 EMPLOYES 2
COMMENT
TRADING
FIRM (PROPRIETORSHIP) SPECIALIZING GUITARS.
FINANCIAL
SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS
ENGAGEMENTS.
MAX
CREDIT LIMIT: ESTIMATED AT YEN 1.5 MILLION, ON 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The
subject company was established by Junsei Suzuki in order to make most of his
experience in the subject line of business.
This is a proprietorship trading firm for import, export and retail of
guitars. Operates a shop at the caption
address.
FINANCIAL
INFORMATION
Financials
are disclosed only partially.
The
sales volume for Dec/2013 fiscal term amounted to Yen 85 million, a 6% up
from Yen
80 million in the previous term. The net
profit was posted at Yen 10 million, compared with Yen 8 million a year ago.
For the
term that ended Dec 2014 the net profit was projected at Yen 15 million, on a
6% rise in turnover, to Yen 90 million.
Final results are yet to be released.
The
financial situation is considered RATHER WEAK but should be good for MODERATE
business engagements.
REGISTRATION
Date Registered: Not registered
(Founded Apr/2004)
Legal Status: Proprietorship (Kojin Gaisha)
*.. This
is a sole proprietorship for import, export and retail of guitars, the net
worth is estimated at Yen 112 million, which has been earned and saved by
Junsei Suzuki.
Nothing
detrimental is known as to his commercial morality.
OPERATION
Activities: A proprietorship trading firm
for import, export and wholesale of guitars, other (--100%)
Clients: Consumers
No. of accounts: Unavailable
Domestic
areas of activities: Centered in Aichi-Pref
Suppliers: [Mfrs, wholesalers] Gibson
Japan, Yamano Music, Kyoritsu Corp, Miki Shoji Co, other
Payment record: Slow but correct
Location: Business area in Kasugai City,
Aichi-Pref. Office premises at the
caption address are owned and maintained satisfactory.
Bank References:
Aichi
Bank (Kasugai)
Relations:
Money deposits and transfers only
FINANCES
(In Million Yen)
|
Terms Ending: |
|
31/12/2014 |
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
Annual Sales |
|
90 |
85 |
80 |
80 |
|
Recur. Profit |
|
.. |
.. |
.. |
.. |
|
Net Profit |
|
15 |
10 |
8 |
8 |
|
Total Assets |
|
|
N/A |
N/A |
N/A |
|
Net Worth |
|
|
112 |
102 |
94 |
|
Capital, Paid-Up |
|
|
No |
No |
No |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
5.88 |
6.25 |
0.00 |
0.00 |
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
|
.. |
.. |
.. |
|
N.Profit/Sales |
|
16.67 |
11.76 |
10.00 |
10.00 |
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the Dec/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.37 |
|
|
1 |
Rs.91.60 |
|
Euro |
1 |
Rs.66.49 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
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Report Prepared
by : |
ANK |
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.