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Report No. : |
307726 |
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Report Date : |
13.02.2015 |
IDENTIFICATION DETAILS
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Name : |
LYNN INKOOP LTD |
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Registered Office : |
Shibato Bldg 2F,
1-1-1 Arato Chuoku |
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Country : |
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Date of Incorporation : |
January 2004 |
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Com. Reg. No.: |
2900-02-028202 |
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Legal Form : |
Private
Limited Company |
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Line of Business : |
Subject is import, export, wholesale of electric goods: lamps, cord,
wires. |
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No. of Employee : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Yen
3.6 Million |
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Status : |
Small company |
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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 |
LYNN
INKOOP LTD
REGD
NAME: YK Lynn Inkoop
MAIN
OFFICE: Shibato Bldg 2F, 1-1-1 Arato Chuoku Fukuoka
810-0062 JAPAN
Tel: 092-725-8400 Fax: 092-725-4509
*.. Your mentioned “Tokyo” is a mistake
E-Mail address: info@lynnbelys.com
Import, export, wholesale of
electric goods: lamps, cord, wires.
Tokyo
NOHARU FUJII, PRES
Yen Amount: In million Yen, unless otherwise stated
SUMMARY:
FINANCES FAIR A/SALES Yen 200 M
PAYMENTS SLOW BUT CORRECT CAPITAL Yen
3 M
TREND UP WORTH Yen 73 M
STARTED 2004 EMPLOYES 5
TRADING FIRM SPECIALIZING IN ELECTRIC GOODS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR
ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: ESTIMATED AT
YEN 3.6 MILLION, ON 30 DAYS NORMAL TERMS.
The
subject company was established by Noharu Fujii in order to make most of his
experience in the subject line of business.
This is a trading firm specializing in electric goods: lamps, cords,
cables, color cord of “LineMe” brand.
Goods are supplied from domestic electric goods makers.
Financials are disclosed only partially.
The
sales volume for Apr/2014 fiscal term amounted to Yen 200 million, a 14% up from
Yen 175 million in the previous term.
Exports were robust, the firm says.
The net profit was posted at Yen 10 million, compared with Yen 22
million a year ago.
For
the current term ending Apr 2015 the net profit is projected at Yen 20 million,
on a 5% rise in turnover, to Yen 210 million.
The
financial situation is considered FAIR and good for ORDINARY business
engagements. Max credit limit is estimated at Yen 3.6 million, on 30 days
normal terms.
Date Registered: Jan
2004
Regd No.: 2900-02-028202
(Fukuoka-Chuoku)
Legal Status: Private Limited Company (Yugen Gaisha)
Authorized: 240 shares
Issued: 60
shares
Sum: Yen
3 million
Major
shareholders (%): Noharu Fujii (100)
Nothing
detrimental is known as to his commercial morality.
Activities: Trading firm for import, export
and wholesale of electric goods & supplies: cable lamps, wires, electric
color cords, other (--100%)
Clients: [Mfrs, wholesalers] Actus Co, L.M.D.,
Bals Corp, Axis Communications, Maxray Inc, other
No.
of accounts: 150
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Maxray Inc,
Yamagiwa Corp, Takasago Inc, other
Payment record: Slow but correct.
Location: Business area in Fukuoka. Office premises at the caption address are
leased and maintained satisfactory.
Bank References:
Chikuho
Bank (Fukuoka)
Relations:
Satisfactory
(In
Million Yen)
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Terms
Ending: |
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30/04/2015 |
30/04/2014 |
30/04/2013 |
30/04/2012 |
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Annual Sales |
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210 |
200 |
175 |
121 |
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Recur. Profit |
|
.. |
.. |
.. |
.. |
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Net Profit |
|
20 |
10 |
22 |
12 |
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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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|
73 |
63 |
41 |
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Capital, Paid-Up |
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3 |
3 |
3 |
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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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5.00 |
14.29 |
44.63 |
70.42 |
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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 |
|
9.52 |
5.00 |
12.57 |
9.92 |
Notes: Financials are only
partially disclosed.
Forecast (or estimated) figures
for the 30/04/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.43 |
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|
1 |
Rs. 95.01 |
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Euro |
1 |
Rs. 70.63 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
ASH |
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.