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Report No. : |
299125 |
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Report Date : |
06.01.2015 |
IDENTIFICATION DETAILS
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Name : |
WISH COMPANY INC. |
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Registered Office : |
Park Grace Shinjuku 902, 4-32-6, Nishi-shinjuku, Shinjuku-ku, Tokyo 106-0023 |
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Country : |
Japan |
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Date of Incorporation : |
02.04.2014 |
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Com. Reg. No.: |
0111-01-069604 |
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Legal Form : |
Private Company |
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Line of Business : |
Trader of Food products |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Business |
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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
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Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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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 |
In absence of financials, no credit limit could be recommended.
WISH COMPANY INC.
Country: Japan
Company name: WISH COMPANY INC.
Name in local language: WISH COMPANY, K.K. (株式会社ウィッシュカンパニー)
Office address: Park Grace Shinjuku 902, 4-32-6, Nishi-shinjuku, Shinjuku-ku,
Tokyo 106-0023
Office tel: 03-5354-8022
Website: http://wishcompany-inc.com
Business type: Trader
Industry: Food products
Established: April 2, 2014
Capital: Jp. 3,000,000 yen
Employees: n. a.
Corporate formation: Private
Corporation No.: 0111-01-069604 (Tokyo Legal Affairs Bureau)
Paid in capital : Jp. 3,000,000 yen
Number of authorized shares : 3,000 shares
Shares issued : 300 shares
Number of shareholder : n. a.
Ms. Kikue Kitazono, president, holds majority. (estimated)
Activity Product/Service Description
-------------------------------------------------------------------------------
Trading Imported sweets
President Ms. Kikue Kitazono
Nationality: Japan
Note: The names of director(s) and auditor(s) are phonetically spelt.
*Key Personnel*
==============
Ms. Kikue Kitazono
President and representative director
Home address: 4-19-1-703, Kami-tsuruma, Minami-ku, Sagamihara-shi, Kanagawa prefecture
(since October 2014)
*Book Closing*
============
n. a.
*Financials*
==========
As a private limited company, no official financial statement is required to be disclosed publicly.
*Bank Details*
============
n. a.
*Credit Opinion*
=============
The subject is a Tokyo-based newly founded small-sized firm specializing in sales of imported sweets primarily from France.
It is uncertain that the subject sells its products to Isetan Department or sells the products at the rented space of such department stores.
No financial background is available at this moment.
Its shareholders’ equity may not be sound enough, judging from the capital paid-in.
It would be advisable to enter into any business under well-secured conditions let alone it is too early to discuss a certain amount of the credit with the subject.
*Main Products & Services*
======================
Sales of imported sweets mostly from France at present.
The articles of incorporation shows that the business plans of the subject are as follows:
Sales and export, import of various kinds of food products from agricultural produces, marine products to processed foods.
Ditto of interior goods, kitchen utensils, appliances, household items and daily use sundries.
Manufacture and sales of food products.
Online sales and intermediate agent business of any merchandise.
Consulting business on food products.
Operation of restaurants and pubs.
Planning and promotion of events.
Real estate agency.
Trading of used items.
*Address*
=========
Registered address is the same as the operational address.
*Company History*
================
Date Development
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April 2, 2014 Incorporated.
*Suppliers*
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The website shows that subject deals with the following branded sweets:
Bonnie’s Jams
JOHN & JOHN
Thorntons(Chocolatier)
A L’OLIVIER
MIM
*Customers*
==========
Isetan Shinjuku Department Store
General public online and at various event locations
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.63.39 |
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|
1 |
Rs.96.85 |
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Euro |
1 |
Rs.75.67 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
NIS |
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 |
-- |
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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.