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Report No. : |
301572 |
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Report Date : |
09.01.2015 |
IDENTIFICATION DETAILS
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Name : |
NOVE ROSSO CO., LTD. |
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Registered Office : |
Paswa Bldg. 1F., 2-15-10, Higashi-ueno, Taito-ku, Tokyo 110-0015 |
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Country : |
Japan |
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Date of Incorporation : |
08.03.2010 |
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Com. Reg. No.: |
0105-01-032729 |
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Legal Form : |
Private Company |
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LINE OF BUSINESS : |
DESIGN,
PLANNING, MANUFACTURE SALES, EXPORT AND IMPORT OF JEWELRY, PRECIOUS METAL,
ACCESSORIES AND WATCHES. |
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No. of Employees : |
Not Available |
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 : |
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 |
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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
|
Source
: CIA |
NOVE ROSSO CO.,
LTD.
Country: Japan
Company name: NOVE ROSSO CO., LTD.
Name in local language:NOVE ROSSO, K.K.
(株式会社Ｎｏｖｅ Ｒｏｓｓｏ)
Office address: Paswa Bldg. 1F., 2-15-10, Higashi-ueno,
Taito-ku, Tokyo 110-0015
Office tel: 03-6240-1495
Office fax: 03-6240-1495
Website: www.noverosso.jp
Business type: Trader
Industry: Jewelry,
precious metal, accessories and watches
Established: March 8, 2010
Capital: Jp. 10,000,000 yen
Employees: n. a.
Corporate formation: Private
Corporation No.: 0105-01-032729
(Tokyo Legal Affairs Bureau)
Paid in capital : Jp.
10,000,000 yen
Number of authorized shares : 1,000
shares
Shares issued : 200
shares
Number of shareholder : n.
a.
Two board members hold 100 percent. (estimated)
Activity Product/Service
Description
-------------------------------------------------------------------------------
Trading Jewelry and precious metal
Trading Accessories and watches
President Ms. Yukiko Fukushima
Nationality: Japan
Director Mr.
Komar Sarnitt Bansallini
Nationality: n. a.
Note: The names of director(s) and auditor(s) are phonetically spelt.
*Key Personnel*
==============
Ms. Yukiko Fukushima
President and representative director since its establishment
Home address: Sanktus Asakusa Residence, 3-38-5-807, Asakusa, Taito-ku,
Tokyo
*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*
=============
Subject is a Tokyo-based relatively new and small-sized firm
specializing in trade of jewelry and other items.
Neither financial nor trade reference has been disclosed at present.
Nothing important on the financial data has been given in its website.
It would also be too early to discuss a certain amount of credit with
the subject.
It would be advisable to enter into any business under well-secured
conditions such as advance payment etc.
*Main Products & Services*
======================
Articles of incorporation say the business plans of the subject are as
follows:
1.
Design,
planning, manufacture sales, export and import of jewelry, precious metal,
accessories and watches.
2.
Sales,
export and import of garment accessories, shoes, bags, leather goods, apparel,
sundries, cosmetics, healthcare products, antique items and daily use sundries.
*Address*
=========
Registered address is the same as the operational address.
*Company History*
================
Date Development
-----------------------------------------------------------------------------------------------
March 8, 2010 Incorporated at the following address:
33-4-901,
Nihonbashi-hakozakicho, Chuo-ku, Tokyo
June 20, 2011 Relocated
to the following address:
4-7-2-609, Higashi,
Taito-ku, Tokyo
September 2, 2011 Relocated to the current address.
n. a.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.97 |
|
|
1 |
Rs.94.97 |
|
Euro |
1 |
Rs.74.43 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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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.