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Report No. : |
301541 |
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Report Date : |
10.01.2015 |
IDENTIFICATION DETAILS
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Name : |
NIHON SANSYO CO., LTD. |
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Registered Office : |
3-5-8-1103, Juso-honmachi, Yodogawa-ku, Osaka-shi |
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Country : |
Japan |
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Date of Incorporation : |
01.10.1981 |
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Com. Reg. No.: |
1200-01-032000 |
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Legal Form : |
Private |
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Line of Business : |
Trader of Steel Products and Sub-Materials. |
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No. of Employee : |
3 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 |
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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 |
NIHON SANSYO CO.,
LTD.
========
Country: Japan
Company name: NIHON SANSYO CO., LTD.
Name in local language: NIHON
SANSYO K.K.
Office address: 3-5-8-1103, Juso-honmachi,
Yodogawa-ku, Osaka-shi,
Osaka pref. 532-0024
Office tel: 06-6309-0236
Business type: Trader
Industry: Steel
products and sub-materials
Established: October 1, 1981
Capital: Jp.
10,000,000 yen
Employees: 3
Corporate formation: Private
Corporation No.: 1200-01-032000
(Osaka Legal Affairs Bureau)
=====================
Paid in capital : Jp.
10,000,000 yen
Number of authorized shares : 48,000
shares
Shares issued : 20,000
shares
Number of shareholder : 1
Mr. Akira Uchimura, president, holds 100 percent.
===========================================
Activity Product/Service
Description
-------------------------------------------------------------------------------
Trading Steel products
Trading Sub-materials of steel
=======================
President Mr. Akira Uchimura
Nationality: Japan
Director Ms. Junko Uchimura
Nationality: Japan
Auditor Ms. Hiroko Haruta
Nationality: Japan
Note: The names of director(s) and auditor(s) are phonetically spelt.
*Key Personnel*
=============
Mr. Akira Uchimura
President and representative director
Born on December 25, 1941
Home address: 1-3-39, Hibarigaoka, Takarazuka-shi, Hyogo pref. 665-0805
===========
Currency: (local currency - Jp. yen)
-------------------------------------------------------------------------------------
Year | Sales | Net Income
-------------------------------------------------------------------------------------
|
2009 |
2,121,711,000 |
19,248,000 |
|
2010 |
891,020,000 |
13,497,000 |
|
2011 |
1,226,663,000 |
29,665,000 |
|
2012 |
1,159,885,000 |
36,221,000 |
|
2013 |
1,377,473,000 |
12,340,000 |
|
2014 |
1,463,000,000 |
28,000,000 |
=====================
*Book Closing*
============
March 31st
*Financials*
==========
As a private limited company, no official financial statement is
required to be disclosed publicly.
*Bank Details*
============
Bank Name : Kinki-Osaka Bank,
Ltd.
Branch : Juso
Bank Name : Bank of Tokyo-Mitsubishi
UFJ, Ltd.
Branch : Juso
Bank Name : Sumitomo Mitsui
Banking Corp.
Branch : Minato
*Credit Opinion*
=============
Subject is an Osaka-based small-sized firm specializing in trading of
steel and related materials with 35-year business experience.
A steady performance has been managed for years with good business
relationship with reputed firms.
Although the exact financial condition is not available due to
non-disclosure of its financial statements, there would be a certain amount of
retained earnings.
A concern might be that the business owner if pretty old and number of
employees is so small though negative factors are not observed financially in
particular at moment.
========================================
*Main Products & Services*
======================
Trading of steel products, materials, steel alloy and sub-materials
=========================
*Address*
=========
Registered address is the same as the operational address.
*Company History*
================
Date Development
-----------------------------------------------------------------------------------------------
1980 Started business.
October 1, 1981 Incorporated.
March 27, 1985 Relocated to the following address(previous
one unknown):
4-7-21-639, Nanko-naka,
Sumunoe-ku, Osaka-shi
May 1, 2007 Relocated to the current address.
================
*Suppliers*
==========
Asahi Seiren Co., Ltd.
Daido Kogyo Co., Ltd.
Daiwa Yogyo Co., Ltd.
Uchimura Kogyo Co., Ltd.
Nippon Steel & Sumikin Bussan Corp.
Ashley Corp.
*Customers*
==========
Daido Kogyo Co., Ltd.
Daiwa Yogyo Co., Ltd.
Takunan Steel Co., Ltd.
Asahi Seiren Co., Ltd.
Nippon Steel Sumikin Bussan Corp.
Gohtetsu Sangyo Co., Ltd.
Pacific Sowa Corp.
Kotobuki Kogyo Co., Ltd.
Nakayama Kogyo Co., Ltd.
Metal One Kenzai Co., Ltd.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.40 |
|
|
1 |
Rs.94.17 |
|
Euro |
1 |
Rs.73.61 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
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 |
|
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 |
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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 |
|
<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.