MIRA INFORM REPORT

 

 

Report No. :

354653

Report Date :

12.12.2015

 

IDENTIFICATION DETAILS

 

Name :

NISHIDA CORP 

 

 

Registered Office :

1Fl My Atsugi Bldg 3-11-18 Nakacho, Atsugi-shi, Kanagawa 2430018

 

 

Country :

Japan

 

 

Date of Incorporation :

24.01.1977

 

 

Legal Form :

Private Company with Limited Liability

 

 

Line of Business :

Subject engaged in Specialized professional services, including Real estate management

 

 

No. of Employee :

135

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No complaints

 

 

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)

Japan

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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 an 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. Scarce in many natural resources, Japan has long been dependent on imported raw materials. Since the complete shutdown of Japan’s nuclear reactors after the earthquake and tsunami disaster in 2011, Japan's industrial sector has become even more dependent than it was previously on imported fossil 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 impressive - 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 aftereffects 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 four times since 2008. 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 of that year disrupted manufacturing. The economy has largely recovered in the four years since the disaster, although reconstruction in the affected Tohoku region has lagged, in part due to a shortage of labor in the construction sector. Japan enjoyed a sharp uptick in growth in 2013 on the basis of Prime Minister Shinzo Abe’s “Three Arrows” economic revitalization agenda - dubbed “Abenomics” - of monetary easing, “flexible” fiscal policy, and structural reform. Abe’s government has replaced the preceding administration’s plan to phase out nuclear power with a new policy of seeking to restart nuclear power plants that meet strict new safety standards, and emphasizing nuclear energy’s importance as a base-load electricity source. Japan joined the Trans-Pacific Partnership (TPP) 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 2014 stood as the fourth-largest economy in the world after first-place China, which surpassed Japan in 2001, and third-place India, which edged out Japan in 2012. While seeking to stimulate and reform the economy, the government must also devise a strategy for reining in Japan's huge government debt, which amounts to more than 230% of GDP. To help raise government revenue, Japan adopted legislation in 2012 to gradually raise the consumption tax rate to 10% by 2015, beginning with a hike from 5% to 8% implemented in April 2014. That increase had a contractionary effect on GDP, however, so PM Abe in late 2014 decided to postpone the final phase of the increase until April 2017 to give the economy more time to recover. Led by the Bank of Japan’s aggressive monetary easing, Japan is making progress in ending deflation, but demographics - low birthrate and an aging, shrinking population - pose major long-term challenges for the economy.

 

Source : CIA

Company Details

 

Global Identifier

:

P0473975

Country

:

Japan

Business Entity Name

:

NISHIDA CORP (1)

Operating Address

:

1Fl My Atsugi Bldg 3-11-18 Nakacho, Atsugi-shi, Kanagawa 2430018

Tel

:

[+81] 46-2248681

 

:

[+81] 46-2246861

 

:

[+81] 46-2248686

 

:

[+81] 46-2248665

 

:

[+81] 46-2248671

 

:

[+81] 46-2248682

Fax

:

[+81] 46-2220777

Website

:

http://www.nishida-cp.co.jp/

Primary Business Activity

:

Service

Primary Industry

:

Professional Services

 

 

Key Facts

 

Registered Legal Address

:

1Fl My Atsugi Bldg 3-11-18 Nakacho, Atsugi-shi, Kanagawa 2430018

License Number

:

0210-01-020296

Date of Registration

:

24 Jan, 1977

Issuing Authority

:

Legal Affairs Bureau, Ministry of Justice - National

Legal Form - Category

:

Private Company with Limited Liability

Legal Form

:

Corporation

Legal Form - Abbreviation

:

CORP

License Status

:

License exists - Normal.

Operational Status of Business

:

Normal

Employees

:

135

Capital

:

n/a (2)

 

Note:

(1) Legal status of the English corporate name

The English name of the Subject Business Entity (SBE) is a randomly selected translation / transliteration made by the owners of the SBE. It is not a registered English corporate name, but simply a translation / transliteration of the local language name.

 

(2) Not applicable.
Based on the current corporate laws of Japan there is no longer a requirement for Authorized Capital.

 

 

Adverse Data

 Results

:

Total of  0  record found.

 

 

Financials - Summary  

 

(Currency: USD - US Dollar)

Year

Turnover

Assets

Net Income

2012 Annual  

11,441,915

n/a

408,640

2013 Annual  

11,722,281

n/a

617,242

2014 Annual  

10,459,722

n/a

801,350

Sales Trend - Analysis

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

-

-

-

-

-

-

-

-

Description: http://www.asiancredit.com/Manage/image/up_arrow_04.gif

Description: http://www.asiancredit.com/Manage/image/down_arrow_04.gif

 

 

Key Person

Legal Title

:

President

Name

:

Mr. Mitsutaka Nishida

Nationality

:

Japanese

 

 

Primary Products

Products / Materials / Services Description

Activity

Office rental

Service

Property rentals

Service

Real estate management

Service

Real estate rentals

Service

 

 

Full check Report Details

 

Country

:

Japan

Business Entity Name

:

NISHIDA CORP

Primary Business Activity

:

Service

Primary Industry

:

Professional Services

Office Contact Details

Operating Address

:

1Fl My Atsugi Bldg 3-11-18 Nakacho, Atsugi-shi, Kanagawa 2430018

Tel

:

[+81] 46-2248681

 

:

[+81] 46-2246861

 

:

[+81] 46-2248686

 

:

[+81] 46-2248665

 

:

[+81] 46-2248671

 

:

[+81] 46-2248682

Fax

:

[+81] 46-2220777

Website Details

Website

:

http://www.nishida-cp.co.jp/

Status

:

Normal - operational

Country of Registration

:

Japan

 

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

 

Product/Service Description

Code

Activity

Holding & Investment Offices

6700

Service

Management Services

8741

Service

Real Estate

6500

Service

 

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

 

Product/Service Description

Code

Activity

Business services, health, financial/insur. legal/real estate, hotels, and misc repairs

9900

Service

Management services

9874

Service

Real estate/agents and managers

9940

Service

 

 

CORE BUSINESS DESCRIPTION

 

Core Business

The primary business focus of NISHIDA CORP is Specialized professional services, including:

Real estate management


Key services include :

Office rental

Property rentals

Real estate rentals

 

 

COMPANY MANAGEMENT

Management Listings

 

Name

Nationality

Job Description

Dept. / Division

1

Mr. Mitsutaka Nishida

Japanese

President

-

2

Mr. Minoru Oka

Japanese

Auditor

-

 

Management Details - 1

Personal Unique Identifier

:

MI03932149

Name

:

Mr. Mitsutaka Nishida

 

 

Management Details - 2

Personal Unique Identifier

:

MI03932160

Name

:

Mr. Minoru Oka

 

 

CAPITAL 

 

(Currency: JPY - Japanese Yen)

Share Value

:

¥ 50,000

No. of Authorized Shares

:

400

Paid-up Capital

:

¥ 10,000,000

 

 

FINANCIAL STATEMENT – DETAILED

Income Statement

Currency

:

JPY

Denomination

:

1

Financial Year Ending

:

December

Financial Highlights

2012 Annual

2013 Annual

2014 Annual

Turnover(*)

980,000,000

1,219,000,000

1,240,000,000

Profit After Tax attributable to Shareholders(*)

35,000,000

64,187,000

95,000,000

Note: (*)

Financial Highlights

 

 

REPUTATION

Reference checking for the purpose of establishing NISHIDA CORP's reputation within the respective industry failed to reveal any adverse information.

 

 

NEGA-SCAN - ADVERSE DATA MONITORING

DISHONORED CHECKS

 

No Record Found

 

Description: http://www.asiancredit.com/Manage/Image/space.gif

 

DEBT

 

No Record Found

 

Description: http://www.asiancredit.com/Manage/Image/space.gif

 

CIVIL LITIGATION

 

No Record Found

 

Description: http://www.asiancredit.com/Manage/Image/space.gif

 

PERFORMANCE DEFAULTS

 

No Record Found

 

Description: http://www.asiancredit.com/Manage/Image/space.gif

 

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

No Record Found

 

 

BANK DETAILS

 

Bank Name

:

BANK OF TOKYO-MITSUBISHI UFJ LTD, THE

Global Identifier

:

P0006866

Branch

:

Chiyoda-ku,Tokyo

Branch Address

:

2-7-1 Marunouchi Chiyoda-ku Tokyo 1000005 (Head Office)

SWIFT Code

:

BOTKJPJT

 

Bank Name

:

BANK OF YOKOHAMA LTD, THE

Global Identifier

:

P0112185

Branch

:

Nishi-ku,Yokohama-shi

Branch Address

:

3-1-1 Minato-Mirai Nishi-ku Yokohama-shi Kanagawa 2208611 (Head Office)

SWIFT Code

:

HAMAJPJT

 

Bank Name

:

JONAN SHINKIN BANK

Global Identifier

:

P1274503

Branch Address

:

ATSUGI-SHI

SWIFT Code

:

This bank does not have a SWIFT Code

 

Bank Name

:

MIZUHO BANK LTD

Global Identifier

:

P0217434

Branch

:

Chiyoda-ku,Tokyo

Branch Address

:

ATSUGI-SHI

SWIFT Code

:

MHCBJPJT

 

Bank Name

:

SHIZUOKA BANK LTD, THE

Global Identifier

:

P0188836

Branch

:

Shimizu-shi

Branch Address

:

1-10 Gofukucho Shimizu-shi Shizuoka 4248677 (Head Office)

SWIFT Code

:

SHIZJPJT

 

Bank Name

:

SUMITOMO MITSUI BANKING CORP

Global Identifier

:

P0173197

Branch

:

Chiyoda-ku,Tokyo

Branch Address

:

SMBC Bldg 1-1-2 Marunouchi Chiyoda-ku Tokyo 1000005 (Head Office)

SWIFT Code

:

SMBCJPJT

 

 

LOCAL BRANCHES & MANAGEMENT

 

Branch

:

NISHIDA CORP - EBINA-SHI, KANAGAWA

Branch Address

:

3-1-32 Chuo, Ebina-shi, Kanagawa 2430432

Primary use of location

:

#1. Office administration

 

Branch

:

NISHIDA CORP - ATSUGI-SHI, KANAGAWA

Branch Address

:

3-11-18 Nakacho, Atsugi-shi, Kanagawa 2430018

Primary use of location

:

#1. Office administration

 

Branch

:

NISHIDA CORP - ATSUGI-SHI, KANAGAWA

Branch Address

:

2-3-6 Nakacho, Atsugi-shi, Kanagawa 2430018

Primary use of location

:

#1. Office administration

 

Branch

:

NISHIDA CORP - HADANO-SHI, KANAGAWA

Branch Address

:

1-2-5 Minamiyana, Hadano-shi, Kanagawa 2570003

Primary use of location

:

#1. Office administration

 

Branch

:

NISHIDA CORP - HADANO-SHI, KANAGAWA

Branch Address

:

242-1 Minamiyana, Hadano-shi, Kanagawa 2570003

Primary use of location

:

#1. Office administration

 

 

RELATED PARTIES

 

(Subsidiaries , Joint-ventures & Affiliates)

 

The following provides a summary of the number of businesses that are related to NISHIDA CORP:

 

TYPE

DOMESTIC

INTERNATIONAL

TOTAL

Africa

Asia / Pacific

Europe

Middle-East

North America

South America

TOTAL

Subsidiaries

-

-

-

-

-

-

-

-

Joint-Ventures

-

-

-

-

-

-

-

-

Minority shareholdings

-

-

-

-

-

-

-

-

Affiliates

2

-

1

-

-

-

-

1

Liaison / Representative Offices

-

-

-

-

-

-

-

-

 

 

Domestic

 

Business Entity Name

:

N SUPPORT CO LTD

Global Identifier

:

P3341436

Country

:

Japan

Relationship

:

Affiliate

Primary Business Activity

:

Service

Industry

:

Professional Services

Business Entity Name

:

NISHIDA HOUSE CO LTD

Global Identifier

:

P3341437

Country

:

Japan

Relationship

:

Affiliate

Primary Business Activity

:

Service

Industry

:

Professional Services

 

International

 

Business Entity Name

:

HYAKUNOUSHA INTERNATIONAL LTD

Global Identifier

:

P3341434

Country

:

China

Relationship

:

Affiliate

Primary Business Activity

:

Service

Industry

:

Professional Services

 

 

SHAREHOLDERS

 

Total number of shareholders

:

2

Total number of shares

:

200

 

Currency

:

JPY - Japanese Yen

 

No.

Shareholders

Country

Shares

Number

Amount (JPY)

%

1

Mr. Mitsutaka Nishida

Japan

106

5,300,000

53.00

2

Ms. Masako Nishida

Japan

94

4,700,000

47.00

Total

200

10,000,000

100.00

 

Today's Exchange rate

:

1.00 JPY
Japanese Yen

=

0.008293 USD
United States Dollars

 

Based on corporate statutory laws / regulations in Japan, there is no requirement for public disclosure of Shareholders. In this case, the Shareholders information was supplied by the Subject Business Entity.
However in the absence of data normally obtained from local Statutory Authorities, it is not possible to verify the accuracy of data supplied and hence is provided as reference ONLY.

 

 

COMPANY DIRECTORS

1

 

 

Personal Unique Identifier

:

MI03932149

Name

:

Mr. Mitsutaka Nishida

 

2

 

 

Personal Unique Identifier

:

MI03932154

Name

:

Mr. Nobuhiro Inage

 

3

 

 

Personal Unique Identifier

:

MI03932155

Name

:

Ms. Kyoko Nishida

 

4

 

 

Personal Unique Identifier

:

MI03932147

Name

:

Ms. Masako Nishida

 

 

DOMESTIC SUPPLIERS

 

Business Entity Name

Global Identifier

MOTTOX INC

P0458885

NISHIDA HOUSE CO LTD

P3341437

 

 

OFFICE & FACILITIES

The following information relates to the Business Entity's office as listed above:

Name

:

NISHIDA CORP - ATSUGI-SHI, KANAGAWA

Primary Use

:

Office & Administration facilities

Address

:

1Fl My Atsugi Bldg 3-11-18 Nakacho, Atsugi-shi, Kanagawa 2430018

Country

:

Japan

Status

:

Operational

 

 

PREVIOUS CONTACT DETAILS

 

Company Address

:

3-13-8 Nakacho, Atsugi-shi, Kanagawa 2430018

Date of Relocation

:

12 Mar, 2007

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.79

UK Pound

1

Rs.101.10

Euro

1

Rs.73.10

YEN

1

Rs.0.56

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

TRI

 

 

Report Prepared by :

TRU

 

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.