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Report No. : |
298699 |
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Report Date : |
14.01.2015 |
IDENTIFICATION DETAILS
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Name : |
LEAKLAB JAPAN CO., LTD. |
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Registered Office : |
3-3-21, Ichioka-motomachi, Minato-ku, Osaka-shi, Osaka pref. 550-0002 |
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Country : |
Japan |
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Date of Incorporation : |
02.04.1985 |
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Com. Reg. No.: |
1200-01-029124 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesaler of equipment and parts for leakage detection of Freon gas, oils, water, gases. |
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No. of Employee : |
10 |
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 : |
Slow But Correct |
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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.
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Source
: CIA |
LEAKLAB JAPAN CO.,
LTD.
Country: Japan
Company name: LEAKLAB JAPAN CO., LTD.
Name in local language: LEAKLAB
JAPAN, K.K. (株式会社リークラボ・ジャパン)
Office address: 3-3-21, Ichioka-motomachi,
Minato-ku, Osaka-shi, Osaka pref. 550-0002
Office tel: 06-6582-5497
Office fax: 06-6582-5495
Website: www.leaklab-japan.jp
Business type: Trader
Industry: Liquid petroleum and
machinery, parts
Established: April 2, 1985
Capital: Jp. 30,000,000 yen
Employees: 10
Corporate formation: Private
Corporation No.: 1200-01-029124
(Osaka Legal Affairs Bureau)
Paid in capital : Jp.
30,000,000 yen
Number of authorized shares : 2,400
shares
Shares issued : 600
shares
Number of shareholder : n.
a.
Mr. Tomohito Monobe, president, holds majority.
Activity Product/Service
Description
-------------------------------------------------------------------------------
Trading Liquid petroleum
Trading Machinery and machine
parts
President Mr. Tomohito Monobe (*)
Nationality: Japan
Chairman Mr.
Masahito Monobe (*)
Nationality: Japan
Director Ms. Ikuko Monobe
Nationality: Japan
Director Ms. Yumiko Monobe
Nationality: Japan
Auditor Mr. Masayuki Monobe
Nationality: Japan
Note: The names of director(s) and auditor(s) are phonetically spelt.
*Key Personnel*
=============
Mr. Tomohito
President and representative director
Business career:
April 2, 2012: Representative director and president
Home address: 3-6-59-1104, Minami-ichioka, Minato-ku, Osaka-shi, Osaka
pref.
Currency: (local currency - Jp. yen)
-------------------------------------------------------------------------------------
Year |
Sales | Net Income
-------------------------------------------------------------------------------------
|
2013 |
340,000,000 |
n. a. |
|
2014 |
341,000,000 |
3,000,000 |
*Book Closing*
============
March 31st
*Financials*
==========
As a private limited company, no official financial statement is
required to be disclosed publicly.
*Bank Details*
============
Bank Name : Kagawa Bank, Ltd.
Branch : Benten-cho
Bank Name : Sumitomo Mitsui
Banking Corp.
Branch : Minato
*Credit Opinion*
=============
The subject is an Osaka-based firm specializing in wholesale of
equipment and parts for leakage detection of Freon gas, oils, water, gases.
Although the subject started business 33 years ago, it is not clear if
the subject has been conducting the current business consistently.
Judging from the current business size, and registration, the subject
started the current business from April 2013 or so.
Its business sized looks a bit small for the list of suppliers abroad
and domestic customers.
The exact financial condition is not available due to non-disclosure of
its financial statements.
*Main Products
& Services*
======================
Wholesale of the following products:
-
Liquid
petroleum
-
Leakage
detector and prevention devices
-
Measurement
equipment
-
ALS
Light(LED)
Representing the following branded items:
-
TACELINE
-
BLUE
STAR
-
RISLONE
-
VACUTEC
-
Permatex
-
SPECTROLINE
-
Marksman
II
-
EVIDENCE
-
HVAC&R
-
NEUTRONICS
-
BIOMARINE
-
RINK
SEAL PRO
*Address*
=========
Registered address is the same as the operational address.
*Company History*
================
Date Development
-----------------------------------------------------------------------------------------------
November 1981 Started business.
April 2, 1985 Incorporated under the name of “SHIN-YO
SHOKAI Co., Ltd.”
April 1, 2013 Took the current company name.
Relocated to the current
address from the following:
2-9-3,
Ichioka-motomachi, Minato-ku, Osaka-shi
*Suppliers*
==========
Spectronics Inc.(USA)
Neutronics Inc.(USA)
Aircept Corp.(USA)
Bluetus Inc.(USA)
Star Evirontec Inc.(USA)
CPS Corp.(USA)
Sodic Hitech Corp.
Snap-On Tools Inc.
N.E.K. K.K.
Other suppliers
*Customers*
==========
Denso Corp.
Toyota Parts Corp.
Nissan Parts Co., Ltd.
Idemitsu Kosan Ltd.
Export to:
China
Taiwan
Thailand
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.10 |
|
|
1 |
Rs.94.09 |
|
Euro |
1 |
Rs.73.41 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
|
|
Report Prepared
by : |
DPT |
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 |
|
<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.