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Report No. : |
299445 |
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Report Date : |
06.01.2015 |
IDENTIFICATION DETAILS
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Name : |
TAIHEIYO SHOJI |
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|
|
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Registered Office : |
556-13, Matsuishi, Satte-shi, Saitama pref. 340-0105 |
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Country : |
Japan |
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Date of Incorporation : |
2001 |
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Legal Form : |
Sole proprietorship |
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Line of Business : |
Subject is specializing in exporting used construction machines
and trucks |
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No. of Employees : |
01 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
Unknown |
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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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
TAIHEIYO SHOJI
Country: Japan
Company name: TAIHEIYO SHOJI
Name in local language: TAIHEIYO SHOJI (太平洋商事)
Office address: 556-13, Matsuishi, Satte-shi, Saitama pref. 340-0105
Office tel: 0480-44-2988
Business type: Trader
Industry: Used machinery
Established: 2001 (started business)
Capital: Not required for sole proprietorship
Employees: 1
Corporate formation: Sole proprietorship
Corporation No.: -
Paid in capital : Not required for sole proprietorship
Number of authorized shares : ditto
Shares issued : ditto
Number of shareholder : ditto
The subject is owned and managed by Ms. Erika Wakabayashi, the business owner.
Activity Product/Service Description
-------------------------------------------------------------------------------
Trading Export of used machinery
Representative Ms. Erika Wakabayashi
Nationality: Japan
Note: The names of director(s) and auditor(s) are phonetically spelt.
*Key Personnel*
==============
Ms. Erika Wakabayashi
Business owner and representative
Born on March 25, 1964
Home address: 556-13, Matsuishi, Satte-shi 340-0105
(Same as that of the subject)
Currency: (local currency - Jp. yen)
-------------------------------------------------------------------------------------
Year | Sales | Net Income
-------------------------------------------------------------------------------------
|
2008 |
100,000,000 |
1,500,000 |
|
2009 |
90,000,000 |
n. a. |
|
2010 |
100,000,000 |
2,000,000 |
|
2011 |
99,800,000 |
1,950,000 |
|
2012 |
101,000,000 |
1,960,000 |
|
2013 |
100,000,000 |
n. a. |
*Book Closing*
============
December 31st
*Financials*
==========
As a sole proprietorship, no official financial statement is required to be disclosed publicly.
*Bank Details*
============
Bank Name : Bank of Tokyo-Mitsubishi UFJ, Ltd.
Branch : Souka
*Credit Opinion*
=============
The subject is a local sole proprietorship specializing in exporting used construction machines and trucks with 13-year business experience.
Its performance seems to be stable under a low cost operation.
Judging from its business, a rating could be suggested up to US$ 7,000 on terms of 90 days theoretically.
The nature of the business, however, really depends on one person who is managing the subject.
It should be considered unstable business.
It would be advisable to ask for an advance payment or the Irrevocable Letter of Credit to secure the deal.
*Main Products &
Services*
======================
Export of the following used machines and equipment:
Crane
Bulldozer
Truck
*Address*
=========
The address of the subject is the residence of the business owner.
The quoted phone number is a mobile phone used by the business owner.
*Company History*
================
Date Development
-----------------------------------------------------------------------------------------------
2001 Started business.
*Suppliers*
=========
Local firms involved in leasing service of construction machines and equipment
*Customers*
==========
Export to:
Vietnam(50%)
Bangladesh
Pakistan
Malaysia
Singapore
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.39 |
|
|
1 |
Rs.96.85 |
|
Euro |
1 |
Rs.75.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIS |
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 |
|
|
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.