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Report No. : |
307667 |
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Report Date : |
11.02.2015 |
IDENTIFICATION DETAILS
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Name : |
ACM SUPPLY CO LTD |
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Registered Office : |
ACM Bldg, 2-21-6 Yanagibashi Taitoku Tokyo 111-0052 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
June 1996 |
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Com. Reg. No.: |
0105-01-022338 |
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Legal Form : |
Limited Company |
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Line of Business : |
Imports, exports and wholesales stationery, OA equipment: tonners
& cartridges, both new & recycled, OPC drums, wiper drives, CDM
lamps, Mg roller sleeves, charged rollers, blades, others (--100%). |
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No. of Employees : |
12 |
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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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) |
|
Japan |
A1 |
A1 |
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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 |
ACM SUPPLY CO LTD
ACM Supply KK
ACM Bldg, 2-21-6 Yanagibashi Taitoku Tokyo 111-0052 JAPAN
Tel: 03-5825-8266 Fax:
03-5825-8269
URL: http://www.acmsupply.co.jp
E-mail: info@acmsupply.co.jp
ACTIVITIES: Import, export, wholesale of tonners,
cartridges, OA equipment
BRANCHES: Nil
OFFICERS: HIROSUKE YOGO, PRES
Yen Amount: In million Yen,
unless otherwise stated
FINANCES FAIR A/SALES Yen 370 M
PAYMENTS SLOW BUT CORRECT CAPITAL Yen 10 M
TREND SLOW WORTH Yen 150 M
STARTED 1996 EMPLOYES 12
COMMENT: RADING FIRM SPECIALIZING IN STATIONERY AND
OA EQUIPMENT. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS
The subject company was established by Hirosuke Yogo in order to make
most of his experience in the subject line of business. Business started upon obtaining import agency
agreements from Taiwanese firms: SINONA, TUICO & GPI, as exclusive sales
agent in Japan. This is a trading firm
for import, export and wholesale of stationery as mainline and OA equipment,
mainline being tonner & cartridges, both new & recycled. Also handles OPC drums, wiper drives, Mg
roller sleeve, charged roller, gears, blades, etc. Goods are imported and exported.
Financials are only partially disclosed.
Profits are not precisely disclosed and only estimated.
The sales volume for Mar/2014 fiscal term amounted to Yen 370 million, a
5% down from Yen 390 million in the previous term. The net profit is estimated posted at Yen 10
million, compared with Yen 12 million a year ago.
For the current term ending Mar 2015 the net profit is projected at Yen
11 million, on a 4% rise in turnover, to Yen 385 million. Demand for recycled cartridges & tonners
continues rising overseas.
The financial situation is considered maintained FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 6.6 million, on 30 days normal terms.
Date Registered: Jun
1996
Regd No.: 0105-01-022338
(Tokyo-Taitoku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued:
200 shares
Sum: Yen
10 million
Major shareholders
(%):
Hirosuke Yogo (100)
Nothing detrimental is known as to his commercial morality.
Activities: Imports, exports
and wholesales stationery, OA equipment: tonners & cartridges, both new
& recycled, OPC drums, wiper drives, CDM lamps, Mg roller sleeves, charged
rollers, blades, others (--100%).
Clients: Mfrs,
wholesalers, recycling firms, etc (Details not disclosed)
No. of accounts: 300
Domestic areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs,
wholesalers] Hitachi Metals, Tomoegawa Paper Mfg, Sakata Inks, other.
Imports from: SINONA, TUICO, GPI (--Taiwanese mfrs), as sole agent
Payment record: Slow but correct
Location: Business area in
Tokyo. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
Mizuho Bank (Asakusabashi)
Bank of China (Tokyo)
Relations: Satisfactory
(In Million Yen)
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Terms Ending: |
|
31/03/2015 |
31/03/2014 |
31/03/2013 |
31/03/2012 |
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Annual Sales |
|
385 |
370 |
390 |
370 |
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Recur. Profit |
|
.. |
.. |
.. |
.. |
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Net Profit |
|
11 |
10 |
12 |
10 |
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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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|
150 |
140 |
128 |
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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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S.Growth Rate |
|
4.05 |
-5.13 |
5.41 |
2.78 |
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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 |
|
2.86 |
2.70 |
3.08 |
2.70 |
Notes: Financials are only partially disclosed. Profits are estimated, as not disclosed.
Forecast (or estimated) for the 31/03/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.96 |
|
|
1 |
Rs.94.41 |
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Euro |
1 |
Rs.70.20 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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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 |
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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.