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Report No. : |
302122 |
|
Report Date : |
05.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
MEIYO BOEKI SHOKAI |
|
|
|
|
Registered Office : |
Pro Palace Azuchi-machi Bldg. 2F., 1-6-19, Azuchi-machi, Chuo-ku, Osaka-shi, Osaka pref. 541-0052 |
|
|
|
|
Country : |
Japan |
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|
|
|
Date of Incorporation : |
January 1969 |
|
|
|
|
Legal Form : |
Sole Proprietorship |
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|
|
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Line of Business : |
Trader of Yarns and Used Cars. |
|
|
|
|
No. of Employee : |
8 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
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 |
MEIYO BOEKI SHOKAI
========
Country: Japan
Company name: MEIYO BOEKI SHOKAI (Sole Proprietorship)
Name in local language: MEIYO BOEKI
SHOKAI
Office address: Pro Palace Azuchi-machi Bldg.
2F., 1-6-19, Azuchi-machi, Chuo-ku,
Osaka-shi, Osaka
pref. 541-0052
Office tel: 06-6264-0190
Business type: Trader
Industry: Yarns and
used cars
Established: January 1969
Capital: Not
required for a sole proprietorship
Employees: 8
Corporate formation: Sole
proprietorship
Corporation No.: Not
required for a sole proprietorship
=====================
Paid in capital : Not
required for a sole proprietorship
Number of authorized shares : ditto
Shares issued : ditto
Number of shareholder : ditto
===========================================
Activity Product/Service
Description
-------------------------------------------------------------------------------
Trading Yarns
Trading Used cars
=======================
Business owner Mr. Jusuf Badelia
Nationality: Pakistan
Note: The names of director(s) and auditor(s) are phonetically spelt.
*Key Personnel*
==============
Mr. Jusuf Badelia
Business owner
Born on November 7, 1936
Home address: President Terrace 101, 4-13-6, Shinohara-kitamachi,
Nada-ku, Kobe-shi, Hyogo
657-0068
===========
Currency: (local currency - Jp. yen)
-------------------------------------------------------------------------------------
Year | Sales | Net Income
-------------------------------------------------------------------------------------
|
2008 |
2,200,000,000 |
n. a. |
|
2009 |
1,600,000,000 |
n. a. |
|
2010 |
1,500,000,000 |
n. a. |
|
2011 |
1,600,000,000 |
n. a. |
|
2012 |
1,600,000,000 |
n. a. |
|
2013 |
1,700,000,000 |
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 : Kansai Urban Bank,
Ltd.
Branch : Head office
Bank Name : Mizuho Bank, Ltd.
Branch : Senba
Bank Name : Sumitomo Mitsui
Banking Corp.
Branch : Osaka-chuo
*Credit Opinion*
=============
The subject is a sole proprietorship, owned and managed by a Pakistani
businessman.
Despite a big enough business size and history, the subject has been a
sole proprietorship since its start-up of the business.
Suppliers in the nation are excellent and reliable trading firms, so
they must be confident doing business with the subject for years.
No negative information has been heard of.
========================================
*Main Products & Services*
======================
Import and wholesale of yarns
Export of used cars
======================
*Address*
=========
The quoted address is the post office box at the closest post office,
Higashi Post Office of Japan Post Corporation.
*Company History*
================
Date Development
-----------------------------------------------------------------------------------------------
January 1969 Started business.
================
*Suppliers*
==========
Marubeni Corp.
Itochu Corp.
Teijin Frontier Ltd.
Import from:
India
Pakistan
*Customers*
==========
Export to:
Pakistan
India
Nepal
U.S.A.
Arab countries
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.45 |
|
|
1 |
Rs.95.99 |
|
Euro |
1 |
Rs.75.28 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ANK |
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.