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Report No. : |
309603 |
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Report Date : |
24.02.2015 |
IDENTIFICATION DETAILS
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Name : |
INDO JAPAN MARKETING CO LTD |
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Registered Office : |
Higashi-Kanda Sakura Bldg 2F, 1-14-14 Higashi-Kanda Chiyodaku Tokyo 101-0031 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
January 1998 |
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Com. Reg. No.: |
0100-01-011010 |
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Legal Form : |
Limited Company |
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Line of Business : |
Imports, wholesales and retails (online) sea foods, sea products,
essential oils for hair dye, treatment, internal use medicines for skin
cares, organic teas, other, all from India (--100%) |
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No. of Employees : |
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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Status : |
Moderate |
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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 |
INDO JAPAN
MARKETING CO LTD
REGD NAME: Indo Japan Marketing KK
MAIN OFFICE: Higashi-Kanda Sakura Bldg 2F, 1-14-14
Higashi-Kanda Chiyodaku Tokyo 101-0031 JAPAN
Tel:
03-3861-3831 Fax: 03-3861-3119
URL: http://www.indojapanmarketing.com
E-Mail address: (thru the URL)
ACTIVITIES: Import, wholesale of sea foods, cosmetics,
essential oil, organic teas
BRANCHES: Nil
OVERSEAS: India
OFFICERS: SAMARESH DAR, PRES
Yen Amount: In million Yen,
unless otherwise stated
FINANCES R/WEAK A/SALES Yen 70 M
PAYMENTS SLOW BUT CORRECT CAPITAL Yen 10 M
TREND SLOW WORTH Yen 177 M
STARTED 1998 EMPLOYES 5
COMMENT: TRADING FIRM SPECIALIZING IN SEA FOODS,
COSMETICS. FINANCIAL SITUATION CONSIDERED R/WEAK BUT SHOULD BE GOOD FOR
MODERATRE BUSINESS ENGAGEMENTS.
The subject company was established by Samaresh Dar as a trading firm
for importing and wholesaling sea foods, sea products, cosmetics, essential oil
(skin/hair care), and organic teas, other, all imported from India. Goods are also sold online. Clients include fish dealers, drug stores,
beauty parlors, other.
Financials are only partially disclosed.
Profits are not precisely disclosed and only estimated.
The sales volume for Dec/2013 fiscal term amounted to Yen 70 million, a
similar amount in the previous term. The
net profit is estimated posted at Yen 10 million, similarly in the previous
term.
For the term ended Dec/2014 the net profit was projected at Yen 11
million, on a 3% rise in turnover, to Yen 72 million. Final results are yet to be released.
The financial situation is considered RATHER WEAK but should be good for
MODERATE business engagements.
Date Registered: Jan
1998
Regd No.: 0100-01-011010 (Tokyo-Chiyodaku)
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 800 shares
Issued:
200 shares
Sum: Yen
10 million
Major shareholders
(%): Samaresh Dar (100)
Nothing detrimental is known as to his commercial morality
Activities: Imports, wholesales
and retails (online) sea foods, sea products, essential oils for hair dye,
treatment, internal use medicines for skin cares, organic teas, other, all from
India (--100%)
(Essential Oils): Henna, brahmi,
clobebud, citronella, cinnamon, geranium, other
Clients: Sea food dealers,
cosmetic dealers, drug stores, beauty parlors, other
No. of accounts: 200
Domestic areas of activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Imports all from India
Payment record: Slow but correct
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
MUFG (Kanda-Ekimae)
State Bank of India (Tokyo)
Relations: Money Deposits & transfers only
(In Million Yen)
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Terms Ending: |
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31/12/2014 |
31/12/2013 |
31/12/2012 |
31/12/2011 |
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Annual Sales |
|
72 |
70 |
70 |
70 |
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Recur. Profit |
|
.. |
.. |
.. |
.. |
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Net Profit |
|
11 |
10 |
10 |
10 |
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Total Assets |
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N/A |
N/A |
N/A |
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Net Worth |
|
|
177 |
167 |
157 |
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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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2.86 |
0.00 |
0.00 |
-22.22 |
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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 |
|
15.28 |
14.29 |
14.29 |
14.29 |
Notes: Financials are only partially disclosed. Profits are only estimated as not disclosed precisely.
Forecast (or estimated) figures for the 31/12/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.18 |
|
|
1 |
Rs.95.71 |
|
Euro |
1 |
Rs.70.75 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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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.