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Report No. : |
306186 |
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Report Date : |
02.02.2014 |
IDENTIFICATION DETAILS
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Name : |
ARKTAKE INC |
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Registered Office : |
Friend Bldg 6F, 3-2-5 Takadanobaba Shinjukuku Tokyo 169-6711 |
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Country : |
Japan |
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Financials (as on) : |
31.07.2014 |
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Date of Incorporation : |
February 1991 |
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Legal Form : |
Limited Company |
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Line of Business : |
Imports, exports and wholesales semiconductor, electronics components,
PCs, electric devices, other (--100%). |
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No. of Employee : |
17 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 18.3 Million |
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Status : |
Satisfactory |
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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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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.
|
Source
: CIA |
ARKTAKE INC
KK Arktake
Friend Bldg 6F, 3-2-5 Takadanobaba Shinjukuku Tokyo 169-6711 JAPAN
Tel: 03-5330-6711
Fax: 03-5330-6710
URL: http://www.arktake.co.jp/
E-mail: (thru
the URL)
ACTIVITIES: Import, export, wholesale of
semiconductors, electronics components/parts
BRANCHES: Nil
OVERSEAS: Singapore, Hong Kong, Manila, San Diego
(--subsidiaries)
OFFICER(S): KO TAKEUCHI, PRES
Takahiko Obama,
dir
Sanae
Takeuchi, dir
Yen Amount: In million Yen,
unless otherwise stated
FINANCES FAIR A/SALES Yen 1,941 M
PAYMENTS SLOW BUT CORRECT CAPITAL Yen 45 M
TREND SLOW WORTH Yen 89 M
STARTED 1991 EMPLOYES 17
COMMENT: TRADING FIRM SPECIALIZING IN SEMICONDUCTOR
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX CREDIT LIMIT: YEN 18.3 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by Ko Takeuchi in order to make most
of his experience in the subject line of business. This is a trading firm for import, export and
wholesale of electronics parts including semiconductors, PCs, LED, electric
devices, other. Goods are imported
widely from USA, Germany, Switz, other, as import agent. Has 4 overseas subsidiaries: Hong Kong,
Singapore, Manila and San Diego. Clients include major semiconductor mfrs,
electronic components/devices mfrs, other, nationwide.
The sales volume for Jul/2014 fiscal term amounted to Yen 1,941 million,
a 5% down from Yen 1,922 million in the previous term. The recurring profit was posted at Yen 31
million and the net profit at Yen 31 million, respectively, compared with Yen
23 million recurring profit and Yen 23 million net profit, respectively, a year
ago.
For the current term ending Jul 2015 the recurring profit is projected
at Yen 35 million and the net profit at Yen 33 million, respectively, on a 3%
rise in turnover, to Yen 1,895 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 18.3 million, on 30 days normal terms.
Date Registered: Feb
1991
Legal Status: Limited Company
(Kabushiki Kaisha)
Authorized: 2,400 shares
Issued: 900 shares
Sum: Yen 45 million
Major shareholders
(%):
Isao Takeuchi (78), Takahiko
Obama (22)
No. of
shareholders: 2
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Imports, exports
and wholesales semiconductor, electronics components, PCs, electric devices,
other (--100%).
(Handling items): DC/DC converter,
SRAM IC, audio IC, CMOS line sensor, image sensor, power IC, OP Amp, temp
sensor, power supply unit, power over Ethernet LSI, midspam power supply unit,
other
Clients: [Mfrs,
wholesalers] TDK group, Fuji Electric group, Olympus group, JRC Nihon
Musen group, Hitachi Ltd group, NEC, Shindengen Electric Mfg, other
No. of accounts: 800
Domestic areas of activities: Nationwide
Suppliers [Mfrs,
wholesalers] RECOM International GmbH, Profichip GmbH, other
Payment record: slow but correct
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Mizuho Bank (Takadanobaba)
SMBC (Takadanobaba)
Relations: Satisfactory
|
Terms
Ending: |
31/07/2015 |
31/07/2014 |
31/03/2013 |
31/03/2012 |
|
|
Annual Sales |
|
1,895 |
1,841 |
1,941 |
1,922 |
|
Recur. Profit |
|
35 |
31 |
25 |
|
|
Net Profit |
|
33 |
31 |
23 |
12 |
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Total Assets |
|
|
666 |
685 |
728 |
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Current Assets |
|
|
574 |
600 |
|
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Current Liabs |
|
|
388 |
362 |
|
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Net Worth |
|
|
89 |
58 |
34 |
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Capital, Paid-Up |
|
|
45 |
45 |
45 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
2.93 |
-5.15 |
0.99 |
5.37 |
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Current Ratio |
|
.. |
147.94 |
165.75 |
.. |
|
N.Worth Ratio |
|
.. |
13.36 |
8.47 |
4.67 |
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R.Profit/Sales |
|
1.85 |
1.68 |
1.29 |
.. |
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N.Profit/Sales |
|
1.74 |
1.68 |
1.18 |
0.62 |
|
Return On Equity |
|
.. |
34.83 |
39.66 |
35.29 |
Notes: Forecast (or estimated)
figures for the 31/07/2015 fiscal term
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.75 |
|
|
1 |
Rs.93.13 |
|
Euro |
1 |
Rs.70.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
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 |
|
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 |
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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 |
|
<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.