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Report No. : |
336596 |
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Report Date : |
21.08.2015 |
IDENTIFICATION DETAILS
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Name : |
SHARMA HOLDINGS CO LTD |
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Registered Office : |
1402, 3-5-3 Nishi Shinjuku Shinjukuku Tokyo 160-0023 |
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Country : |
Japan |
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Financials (as on) : |
30.09.2013 |
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Date of Incorporation : |
November 2009 |
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Legal Form : |
Limited Company |
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Line of Business : |
Subject is engaged in IT Consulting, Software Development, Import of
Foods. |
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No. of Employees |
06 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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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
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Source
: CIA |
SHARMA HOLDINGS CO LTD
REGD NAME: KK
Sharma Holdings
MAIN OFFICE: 1402,
3-5-3 Nishi Shinjuku Shinjukuku Tokyo 160-0023 JAPAN
Tel: 03-3537-6540
Fax: 03-3537-6541 (-- trading
division)
URL: http://www.sharmaholdings.com
E-Mail address: (thru the URL)
IT consulting,
software development, import of foods, other
2 (Tokyo)
India
YOGESH SHARMA,
PRES
Yen Amount: In million Yen, unless otherwise stated
FINANCES R/WEAK A/SALES Yen 36 M
PAYMENTSSLOW BUT
CORRECTCAPITAL Yen 5 M
TREND UP WORTH Yen 8 M
STARTED 2009 EMPLOYES 6
TRADING FIRM SPECIALIZING IN IT CONSULTING,
FOOD IMPORT, ETC.
FINANCIAL SITUATION CONSIDERED RATHER WEAK
BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
The subject company
was established by Yogesh Sharma, an Indian businessman in Japan, in order to
make most of his experience in the subject line of business. This is a trading firm specializing in IT
consulting, software development, Indian food import, online retail, other (See
OPERATION). Clients include general wholesaling stores,
shops, other
Financials are
disclosed only partially.
The sales volume
for Sept/2013 fiscal term amounted to Yen 36 million, a 33% up from Yen 27
million in the previous term. Client
networks expanded. Indian foods import
rose. The net profit was posted at Yen 5
million, compared with Yen 1 million net losses a year ago.
For the current
term ending Sept 2014 the net profit is projected at Yen 7 million, on a 6%
rise in turnover, to Yen 38 million.
Business is seen expanding steadily.
The financial
situation is considered RATHER WEAK but should be good for MODERATE business
engagements.
Date Registered: Nov
2009
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 400 shares
Issued: 100 shares
Sum: Yen 5 million
Major
shareholders (%): Yogesh Sharma (100)
Nothing
detrimental is known as to his commercial morality.
Activities: Trading firm specializing
in IT consulting, software development, Indian food import, online store
retailing, other (--100%)
(Handling
Items):
IT
Consulting: Indian IT engineer staffing, project outsourcing, database management,
design engineering, ERP solution, software development, accounting package
support;
Food
Import, Trade: Indian Brands Food including MTR foods, Vinee’s kitchen, and Sarvottam
Ahaar, other;
Online
Store, Super Market: First Indian online shopping service in Japan, Apna Bazar is a supermarket of latest
addition, other
Clients: [Mfrs,
wholesalers, consumers (including online shops] Costco Wholesale Japan,
other
No. of accounts:
Unavailable
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesalers]
MTR Foods Ltd, PUJAN Enterprise, GATA Food, Long Son, other
Payment record: Slow But Correct
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactory.
Bank References:
MUFG (Kasai)
Relations:
Satisfactory
(In Million
Yen)
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Terms Ending: |
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30/09/2014 |
30/09/2013 |
30/09/2012 |
30/09/2011 |
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Annual
Sales |
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38 |
36 |
27 |
25 |
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Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
7 |
5 |
-1 |
-1 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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|
8 |
3 |
4 |
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Capital,
Paid-Up |
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5 |
5 |
5 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
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(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
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5.56 |
33.33 |
8.00 |
25.00 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
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18.42 |
13.89 |
-3.70 |
-4.00 |
Notes: Financials
are only partially disclosed.
Forecast (or estimated)
figures for the 30/09/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.24 |
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|
1 |
Rs.102.21 |
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Euro |
1 |
Rs.72.57 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to
overcome financial difficulties seems comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.