MIRA INFORM REPORT

Report No. :	353225
Report Date :	16.12.2015

IDENTIFICATION DETAILS

Name :	NISHINIHON SHOKO CO LTD

Registered Office :	2-2-29 Nakatsu, Kita-ku, Osaka-shi, Osaka 5310071

Country :	Japan

Financials (as on) :	2014

Date of Incorporation :	24.11.1966

Legal Form :	Private Company with Limited Liability

Line of Business :	Subject is trader of hardware & tools

No. of Employee :	22

RATING & COMMENTS

MIRA’s Rating :

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

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 name

NISHINIHON SHOKO CO LTD

Company Details

Global Identifier	:	P3338358
Country	:	Japan
Business Entity Name	:	NISHINIHON SHOKO CO LTD ⁽¹⁾
Operating Address	:	2-2-29 Nakatsu, Kita-ku, Osaka-shi, Osaka 5310071
Tel	:	[+81] 6-63722241
Fax	:	[+81] 6-63752108
Email	:	mail@e-nishinihon.com
Website	:	http://www.e-nishinihon.com
Primary Business Activity	:	Trader
Primary Industry	:	Hardware & Tools

Key Facts

Registered Legal Address	:	2-2-29 Nakatsu, Kita-ku, Osaka-shi, Osaka 5310071
License Number	:	1200-01-068451
Date of Registration	:	24 Nov, 1966
Issuing Authority	:	Legal Affairs Bureau, Ministry of Justice - National
Legal Form - Category	:	Private Company with Limited Liability
Legal Form	:	Company Limited
Legal Form - Abbreviation	:	CO LTD
License Status	:	License exists - Normal.
Operational Status of Business	:	Normal
Employees	:	22
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	16,345,593	n/a	350,263
2013 Annual	21,155,880	n/a	865,468
2014 Annual	19,401,097	n/a	674,821

Key Person

Legal Title	:	President
Name	:	Mr. Kozo Okamoto
Local Name	:	岡本浩三
Nationality	:	Japanese

Primary Products

Products / Materials / Services Description	Activity
Construction equipment	Importing, Trading
Cutware	Importing, Trading
Electronic components	Trading
Hydraulic equipment	Importing, Trading
Machine tools	Importing, Trading

Fullcheck Report Details

Country	:	Japan
Business Entity Name	:	NISHINIHON SHOKO CO LTD
Primary Business Activity	:	Trader
Primary Industry	:	Hardware & Tools
Office Contact Details
Operating Address	:	2-2-29 Nakatsu, Kita-ku, Osaka-shi, Osaka 5310071
Tel	:	[+81] 6-63722241
Fax	:	[+81] 6-63752108
Email	:	mail@e-nishinihon.com
Website Details
Website	:	http://www.e-nishinihon.com
Status	:	Normal - operational
Country of Registration	:	Japan
Ownership Type	:	Registered ownership by Subject Business Entity

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Construction machinery, and parts, nspf	3531	Importing, Trading
Cutlery	3421	Importing, Trading
Electronic components, nspf	3679	Trading
General industrial machinery and equipment, and parts, nspf	3569	Importing, Trading
Hardware, nspf	3429	Importing, Trading
Industrial Machinery & Equipment	3500	Importing, Trading
Machine tool accessories, and parts, nspf	3545	Importing, Trading
Measuring and controlling devices, nspf, and parts, nspf	3829	Importing, Trading
Power driven hand tools, and parts, nspf	3546	Importing, Trading
Special dies, tools, jigs, and fixtures	3544	Importing, Trading

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Electromechanical tools, working in hand; parts	8508	Importing, Trading
Electronic integrated circuits & microassembl, parts	8542	Trading
Hardware, fixtures, castors etc & parts, base metal	8302	Importing, Trading
Interchange tools for hand- or machine-tools, bmpt	8207	Importing, Trading
Jigs and fixtures for machine tools used in cutting gears	8466201010	Importing, Trading
Machine tools for drilling, boring, milling etc	8459	Importing, Trading
Machines etc having individual functions nesoi, parts	8479	Importing, Trading
Parts etc for machine tools of head 8456 to 8465	8466	Importing, Trading

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

Products / Materials / Services Description	Ranking	Activity
Measurement tools	Primary	Importing, Trading
Power tools	Primary	Importing, Trading
Power trains	Primary	Importing, Trading
Transportation equipment	Primary	Importing, Trading
Worktools	Primary	Importing, Trading

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of NISHINIHON SHOKO CO LTD is Trading - Components.

Key products include :

Cutware

Electronic components

Construction equipment

Hydraulic equipment

Machine tools

Measurement tools

Power tools

Power trains

Transportation equipment

Worktools

Supplementary Business

In addition to the core business, NISHINIHON SHOKO CO LTD also is engaged in the following areas of business:

Importing

Importing - Components

Importing - Finished products

DOMESTIC SALES & PURCHASES

Annual Sales Analysis	Percentage
Domestic Sales	100%

Annual Purchases Analysis	Percentage
Local Purchases	60%
Imports	40%

COMPANY MANAGEMENT

Management Listings

	Name	Nationality	Job Description	Dept. / Division
1	Ms. Yoshie Murao	Japanese	Auditor	-
2	Mr. Yoshiro Murao	Japanese	Managing Director	-
3	Ms. Chiyo Okamoto	Japanese	Director	-
4	Mr. Kozo Okamoto	Japanese	President	-
5	Ms. Yasue Okamoto	Japanese	Director	-

Management Details - 1

Personal Unique Identifier	:	MI03929408
Name	:	Ms. Yoshie Murao
Name in local language	:	村尾良重

Management Details - 2

Personal Unique Identifier	:	MI03929407
Name	:	Mr. Yoshiro Murao
Name in local language	:	村尾芳朗

CAPITAL

(Currency: JPY - Japanese Yen)

Share Value	:	¥ 500
No. of Authorized Shares	:	80,000
Paid-up Capital	:	¥ 10,000,000

FINANCIAL STATEMENT

DETAILED

Income Statement

Currency	:	JPY
Denomination	:	1
Financial Year Ending	:	August

Financial Highlights	2012 Annual	2013 Annual	2014 Annual
Turnover(*)	1,400,000,000	2,200,000,000	2,300,000,000
Profit After Tax attributable to Shareholders(*)	30,000,000	90,000,000	80,000,000

Note: (*)

Financial Highlights

REPUTATION

Reference checking for the purpose of establishing NISHINIHON SHOKO CO LTD's reputation within the respective industry failed to reveal any adverse information.

NEGA-SCAN - ADVERSE DATA MONITORING

DISHONORED CHECKS

No Record Found

DEBT

No Record Found

CIVIL LITIGATION

No Record Found

PERFORMANCE DEFAULTS

No Record Found

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

No Record Found

PAYMENT TERMS

Selling

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~60 days

Purchasing

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~60 days

Import

Letter of Credit (At-sight)

Telegraphic Transfer (T/T) - Executed at time of transaction

BANK DETAILS

Bank Name	:	BANK OF KYOTO LTD, THE
Global Identifier	:	P0188507
Branch	:	Shimogyo-ku,Kyoto-shi
Branch Address	:	BANK OF KYOTO LTD, HIGASHIOSAKA
SWIFT Code	:	BOKFJPJT

Bank Name	:	BANK OF TOKYO-MITSUBISHI UFJ LTD, THE
Global Identifier	:	P0006866
Branch	:	Chiyoda-ku,Tokyo
Branch Address	:	BANK OF TOKYO-MITSUBISHI UFJ LTD , THE
SWIFT Code	:	BOTKJPJT

Bank Name	:	SUMITOMO MITSUI BANKING CORP
Global Identifier	:	P0173197
Branch	:	Chiyoda-ku,Tokyo
Branch Address	:	SUMITOMO MITSUI BANKING CORP
SWIFT Code	:	SMBCJPJT

LOCAL BRANCHES & MANAGEMENT

Branch

NISHINIHON SHOKO CO LTD - KOKURAMINAMI-KU, KITAKYUSHU-SHI

Branch Address

2-3-35 Jono, Kokuraminami-ku, Kitakyushu-shi, Fukuoka 8020802

Branch Tel

81-93-9527501

Branch Fax

81-93-9527502

Primary use of location

#1. Office administration

Branch

NISHINIHON SHOKO CO LTD - KONAN-SHI, SHIGA

Branch Address

311-1 Mikumo, Konan-shi, Shiga 5203221

Branch Tel

81-748-712080

Branch Fax

81-748-712081

Primary use of location

#1. Office administration

Branch

NISHINIHON SHOKO CO LTD - TOYOTA-SHI, AICHI

Branch Address

1-95-5 Fukadacho, Toyota-shi, Aichi 4710841

Branch Tel

81-565-422886

Branch Fax

81-565-422886

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 NISHINIHON SHOKO CO LTD:

TYPE	DOMESTIC	INTERNATIONAL
TYPE	TOTAL	Africa	Asia / Pacific	Europe	Middle-East	North America	South America	TOTAL
Subsidiaries	-	-	-	-	-	-	-	-
Joint-Ventures	-	-	-	-	-	-	-	-
Minority shareholdings	-	-	-	-	-	-	-	-
Affiliates	2	-	2	-	-	-	-	2
Liaison / Representative Offices	-	-	-	-	-	-	-	-

Domestic

Business Entity Name	:	FRESH DENSHI CO LTD
Global Identifier	:	P3338424
Country	:	Japan
Relationship	:	Affiliate
Primary Business Activity	:	Trader
Industry	:	Hardware & Tools

Business Entity Name	:	YONAGO NISHI NIHON CORP
Global Identifier	:	P3338425
Country	:	Japan
Relationship	:	Affiliate
Primary Business Activity	:	Trader
Industry	:	Hardware & Tools

International

Business Entity Name	:	NISHINIHON TECHNO PT
Global Identifier	:	P3338413
Country	:	Indonesia
Relationship	:	Affiliate
Operational Address	:	Jalan Duta Blvd Barat L10 Duta Harapan, Bekasi Utara, West Java
Primary Business Activity	:	Trader
Industry	:	Hardware & Tools

Business Entity Name	:	SHANGHAI XIRI ELECTRONIC CO LTD
Global Identifier	:	P3338423
Country	:	China
Relationship	:	Affiliate
Operational Address	:	453 Luoxin Rd Luodian Town, Baoshan Dist, Shanghai 201908
Primary Business Activity	:	Trader
Industry	:	Electronic Products & Components

Business Entity Name	:	SHANGHAI XIRI ELECTRONIC CO LTD
Global Identifier	:	P3338423
Country	:	China
Relationship	:	Affiliate
Operational Address	:	453 Luoxin Rd Luodian Town, Baoshan Dist, Shanghai 201908
Primary Business Activity	:	Trader
Industry	:	Electronic Products & Components

SHAREHOLDERS

Total number of shareholders	:	n/a
Total number of shares	:	20,000

Currency

JPY - Japanese Yen

No.	Shareholders	Country	Shares
No.	Shareholders	Country	Number	Amount (JPY)	%
1	Mr. Kozo Okamoto	Japan	10,000	5,000,000	50.00
2	Undisclosed Shareholders	n/a	6,000	3,000,000	30.00
3	Ms. Chiyo Okamoto	Japan	2,000	1,000,000	10.00
4	Ms. Yasue Okamoto	Japan	2,000	1,000,000	10.00
Total			20,000	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	:	MI03929404
Name	:	Mr. Kozo Okamoto
Name in local language	:	岡本浩三

2
Personal Unique Identifier	:	MI03929407
Name	:	Mr. Yoshiro Murao
Name in local language	:	村尾芳朗

3
Personal Unique Identifier	:	MI03929406
Name	:	Ms. Chiyo Okamoto
Name in local language	:	岡本千代

4
Personal Unique Identifier	:	MI03929405
Name	:	Ms. Yasue Okamoto
Name in local language	:	岡本恭枝

INTERNATIONAL TRADE

Activity & Markets

Country / Region	Estimated level of importance	Trading Activity
Europe	Medium	Importing
United Kingdom	Medium	Importing

OVERSEAS SUPPLIERS

Business Entity Name	Global Identifier	Country
LUVATA UK LTD	P0981190	United Kingdom

DOMESTIC SUPPLIERS

Business Entity Name	Global Identifier
AOI MACHINE INDUSTRY CO LTD	P0381081
ASAHI GLASS CO LTD	P0001045
CATERPILLAR JAPAN LTD	P0070301
CENTRAL GLASS CO LTD	P0001336
DAIHATSU MOTOR CO LTD	T0006861
NIPPON SHEET GLASS CO LTD	P0024944
SUMITOMO BAKELITE CO LTD	P0001895
SUMITOMO ELECTRIC INDUSTRIES LTD	P0041781

OFFICE & FACILITIES

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

Name	:	NISHINIHON SHOKO CO LTD - KITA-KU, OSAKA-SHI
Primary Use	:	Office & Administration facilities
Address	:	2-2-29 Nakatsu, Kita-ku, Osaka-shi, Osaka 5310071
Country	:	Japan
Status	:	Operational

QUALITY ACCREDITATION

Quality Accreditation Listings

#	Name	Accreditation Category
1	INTERNATIONAL STANDARDS ORGANIZATION (ISO)	14001:2004
2	INTERNATIONAL STANDARDS ORGANIZATION (ISO)	9001:2000

PREVIOUS CONTACT DETAILS

Company Address	:	Nakazakicho, Osaka-shi, Osaka 5300016
Date of Relocation	:	Mar, 1984

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.67.04
UK Pound	1	Rs.101.67
Euro	1	Rs.73.93
JPY	1	Rs. 0.55

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

INFORMATION DETAILS

Analysis Done by :	HEE

Report Prepared by :	ASH

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.