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Report No. : |
308040 |
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Report Date : |
23.02.2015 |
IDENTIFICATION DETAILS
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Name : |
AUBE CO LTD |
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Registered Office : |
3-6-15 Mikasagawa Oonojo City Fukuoka-Pref 816-0912 |
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Country : |
Japan |
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Financials (as on) : |
31.01.2014 |
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Date of Incorporation : |
Feb., 2007 |
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Com. Reg. No.: |
2900-01-042710 (Fukuoka-Dazaifu) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Export, Wholesale of Apparel and Accessories,
Interior Goods, Other. |
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No. of Employees : |
15 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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 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 |
AUBE CO LTD
REGD NAME: KK
Aube
MAIN OFFICE: 3-6-15
Mikasagawa Oonojo City Fukuoka-Pref 816-0912 JAPAN
Tel: 092-586-7503 Fax: 092-586-7504
*.. The is
its Registered Address
URL: http://www.aube-zakka.com
E-Mail address: info@aube-zakka.com
Import,
export, wholesale of apparel & accessories, interior goods, other
Nil
China,
India
China,
India (--subcontracted)
KENJIRO
IWASHIGE, PRES
Eiki
Kim, dir
Yen
Amount: In million Yen, unless otherwise
stated
FINANCES FAIR A/SALES Yen
1,130 M
PAYMENTSSLOW
BUT CORRECT CAPITAL Yen 3 M
TREND UP WORTH Yen 125 M
STARTED 2007 EMPLOYES 15
TRADING FIRM SPECIALIZING IN
APPAREL.
FINANCIAL SITUATION CONSIDERED FAIR
AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
The
subject company was established by Kenjiro Iwashige 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 ladies’ & children’s apparel and
accessories, interior goods, other (See OPERATION). Goods are subcontracted mfg to
mfrs in China &
India, and imported. Clients include apparel shops, wholesalers, other.
Financials are disclosed only partially.
The sales volume for Jan/2014 fiscal term amounted to Yen
1,130 million, a 40% up from Yen 810 million in the previous term. Handling items were expanded. Production in China & India rose. The net profit was posted at Yen 30 million,
similarly in the previous term.
For the term that ended Jan 2015 the net profit was
projected at Yen 35 million, on a 5% rise in turnover, to Yen 1,185
million. Final results are yet to be
released.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Feb 2007
Regd No.: 2900-01-042710
(Fukuoka-Dazaifu)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 240 shares
Issued:
60 shares
Sum: Yen
3 million
Major shareholders (%): Kenjiro Iwashige (50), Eiki Kim
(50)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports and wholesales
apparel & accessories, interior goods: blanket, nightwear, room wear,
ladies’ & children’s clothing, socks, bags, foot cover, house interior
goods, other (--100%)
Clients: [Mfrs, wholesalers] Tokyo Derika, Plus
Heart Co, Livins Inc, JEFSA Central Inc, Terauchi Co, Passport Co, other
No. of
accounts: 200
Domestic
areas of activities: Centered in Fukuoka-Pref & vicinities
Suppliers:
[Mfrs, wholesalers] Imports from India, China, other (--subcontracted mfrs)
Payment record: Slow but correct
Location:
Business area in Fukuoka. Office
premises at the caption address are leased and maintained satisfactory.
Bank References:
Bank
of Fukuoka (Futsukaichi)
Nishinippon
City Bank (Futsukaichi)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/01/2015 |
31/01/2014 |
31/01/2013 |
31/01/2012 |
|
Annual
Sales |
|
1,185 |
1,130 |
810 |
650 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
35 |
30 |
30 |
35 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
125 |
95 |
65 |
|
Capital,
Paid-Up |
|
|
3 |
3 |
3 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
4.87 |
39.51 |
24.62 |
25.00 |
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
|
.. |
.. |
.. |
|
N.Profit/Sales |
|
2.95 |
2.65 |
3.70 |
5.38 |
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/01/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.26 |
|
|
1 |
Rs.96.01 |
|
Euro |
1 |
Rs.70.72 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
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 |
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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 |
|
|
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.