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Report No. : |
307191 |
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Report Date : |
09.02.2015 |
IDENTIFICATION DETAILS
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Name : |
AINEO CORPORATION |
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Registered Office : |
Kanda No.4 Park Bldg 7F, 1-4-4 Iwamotocho Chiyodaku Tokyo 101-0032 |
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Country : |
Japan |
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Date of Incorporation : |
May 1997 |
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Com. Reg. No.: |
0199-01-080136 (Tokyo-Chiyodaku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Imports and wholesales OA equipment, PCs & peripherals,
software, IP phones |
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No. of Employee : |
20 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 4.8 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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 |
AINEO CORPORATION
REGD NAME: Aineo KK
MAIN OFFICE: Kanda No.4 Park Bldg 7F, 1-4-4 Iwamotocho
Chiyodaku Tokyo 101-0032 JAPAN
Tel: 03-5833-2080 Fax: 03-5833-2061
E-Mail address: (thru
the URL)
ACTIVITIES: Import, wholesale of OA equipment, computer
software, IT on demand
BRANCHES: Koshigaya
OFFICERS: MICHAEL P WOLF, PRES
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY: FINANCES R/WEAK A/SALES Yen 270 M
PAYMENTS SLOW BUT CORRECT CAPITAL Yen
10 M
TREND UP WORTH Yen 136 M
STARTED 1997 EMPLOYES 20
COMMENT: TRADING FIRM SPECIALIZING IN IT-RELATED
EQUIPMENT & SOFTWARE.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE
GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 4.8 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by Michael P Wolf in
order to make most of his experience in the subject line of business. This is a specialized trading firm for import
and wholesale of OA equipment, PC software & peripherals, IT phone, IT on
demand, other. Clients include car
makers, communications firms, other.
Financials are only partially disclosed. Profits are not precisely disclosed and only
estimated.
The sales volume for Sept/2013 fiscal term amounted to Yen 270
million, a 2% up from Yen 265 million in the previous term. The net profit is estimated posted at Yen 15
million, compared with Yen 13 million a year ago. P
For the term that ended Sept 2014 the net profit was
projected at Yen 16 million, on a 3% rise in turnover, to Yen 278 million. Final results are yet to be released.
The financial situation is considered RATHER WEAK but should
be good for MODERATE business engagements.
Max credit limit is estimated at Yen 4.8 million, on 30 days normal
terms.
Date
Registered: May 1997
Regd
No.: 0199-01-080136 (Tokyo-Chiyodaku)
Legal
Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued:
200 shares
Sum: Yen
10 million
Major
shareholders (%): Michael P Wolf (100)
Nothing detrimental is known as to the commercial morality
of executives.
Activities:
Imports and wholesales OA equipment, PCs & peripherals, software, IP
phones, other (--100%)
Clients:
[Mfrs, wholesalers] Bell Communications, KDDI, Toyota Motor, Office Depots
Japan, Regus Japan, Adidas Japan, Robert Walters Japan KK, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers:
[Mfrs, wholesalers] NEC Nets SI, Dell, Sharp Corp, Lenovo Japan, Okamura Corporation,
other
Payment
record: Slow but
Correct
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank
References:
MUFG (Ohdenmacho)
Saitama Shinkin Bank (Ohbukuro)
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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278 |
270 |
265 |
275 |
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Recur. Profit |
|
.. |
.. |
.. |
.. |
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Net Profit |
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16 |
15 |
13 |
15 |
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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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136 |
121 |
108 |
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Capital, Paid-Up |
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10 |
10 |
10 |
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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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2.96 |
1.89 |
-3.64 |
1.85 |
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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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5.76 |
5.56 |
4.91 |
5.45 |
Notes:
Financials are only partially disclosed.
Profits are estimated only as not precisely disclosed
Forecast (or estimated) figures for the 30/09/2014 fiscal
term as not yet disclosed.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.74 |
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|
1 |
Rs.94.95 |
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Euro |
1 |
Rs.70.79 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
ANK |
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 |
-- |
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.