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Report No. : |
300548 |
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Report Date : |
15.01.2014 |
IDENTIFICATION DETAILS
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Name : |
DAIWABO INFORMATION SYSTEM CO LTD |
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Registered Office : |
Honmachi DIS Bldg, 3-2-5 Honmachi Chuoku Osaka 541-0053 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
August 1974 |
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Com. Reg. No.: |
1200-01-083217 |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesales PC’s, office automation machines, other (--100%) |
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No. of Employee : |
1,340 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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 : |
Regular |
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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 |
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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 |
DAIWABO
INFORMATION SYSTEM CO LTD
Daiwabo Joho System KK
Honmachi DIS Bldg, 3-2-5 Honmachi Chuoku Osaka 541-0053 Japan
Tel: 06-6281-1161
Fax: 06-6281-1164
URL: http://www.pc-daiwabo.co.jp
E-Mail address: (thru the URL)
ACTIVITIES: Wholesale of PC’s, office automation
machines, other
BRANCHES: 90 sales networks across the country
FACTORIES: At the caption address (R&D center)
OFFICERS: YOSHIHIRO NOGAMI, PRES Tatsuya Yasunaga, s/mgn dir
Yoshihiro
Nishimura, mgn dir Toshihiro Tatsumi,
dir
Keizo
Toyoda, dir Yoshinori
Nishida, dir
Yen Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 548,062 M
PAYMENTS REGULAR CAPITAL Yen 11,813 M
TREND UP WORTH Yen 45,655 M
STARTED 1974 EMPLOYES 1,340
WHOLESALER OF PC’S, OFFICE AUTOMATION MACHINES OTHER. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by Daiwa Co Ltd (now Daiwabo
Holdings Co Ltd, see REGISTRATION)
in order to expand into the non-fiber sector, the information sector. This is a wholesaler, with planning
operation, of PC’s, office automation machines, other. Clients include information makers,
engineers, other, nationwide.
The sales volume for Mar/2014 fiscal term amounted to Yen 548,062 million,
a 26% up from Yen 436,645 million in the previous term. Office automation machines were in good
demand. The recurring profit was posted
at Yen 8,363 million and the net profit at Yen 3,423 million, respectively,
compared with Yen 3,986 million recurring profit and Yen 2,008 million net
profit, respectively, a year ago.
For the current term ending Mar 2015 the recurring profit is projected
at Yen 8,400 million and the net profit at Yen 3,500 million, respectively, on
a 5% rise in turnover, to Yen 575,000 million.
Business is seen steadily expanding
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Aug
1974
Regd No.: 1200-01-083217
(Osaka-Chuoku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 76 million shares
Issued:
19,972,994
shares
Sum: Yen
11,813 million
Major shareholders
(%): Daiwabo Holdings Co Ltd*
(100)
*.. Medium-scale
cotton spinner formed in 1941, listed Tokyo S/E, capital Yen 21,696 million,
sales Yen 634,687 million, operating profit Yen 10,950 million, recurring
profit Yen 10,571 million, net profit Yen 4,528 million, total assets
Yen221,527 million, net worth Yen 48,232 million, employees 9,501, pres Masaaki
Sakaguchi
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Wholesales PC’s,
office automation machines, other (--100%)
Clients: [Mfrs,
wholesalers] Amazon Japan, Ricoh Ltd, HHT Resonant, Fuji Xerox, etc
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Hewlett Packard Japan, Microsoft Japan, NEC Corp, Fujitsu
Personals, other
Payment record: Regular
Location: Business area in
Osaka. Office premises at the caption
address are owned and maintained satisfactory.
Bank References:
MUFG (Osaka)
SMBC (Bingomachi)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2015 |
31/03/2014 |
31/03/2013 |
|
|
Annual Sales |
|
575,000 |
548,062 |
436,645 |
|
Recur. Profit |
|
8,400 |
8,363 |
3,986 |
|
Net Profit |
|
3,500 |
3,423 |
2,008 |
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Total Assets |
|
|
175,939 |
154,716 |
|
Current Assets |
|
|
158,093 |
136,115 |
|
Current Liabs |
|
|
119,444 |
101,074 |
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Net Worth |
|
|
45,655 |
43,279 |
|
Capital, Paid-Up |
|
|
11,813 |
11,813 |
|
Div.P.Share(¥) |
|
|
|
|
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<Analytical Data> |
|
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
4.92 |
25.52 |
6.43 |
|
Current Ratio |
|
.. |
132.36 |
134.67 |
|
N.Worth Ratio |
|
.. |
25.95 |
27.97 |
|
R.Profit/Sales |
|
1.46 |
1.53 |
0.91 |
|
N.Profit/Sales |
|
0.61 |
0.62 |
0.46 |
|
Return On Equity |
|
.. |
7.50 |
4.64 |
Notes: Forecast (or estimated) figures for the 31/03/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.15 |
|
|
1 |
Rs.94.24 |
|
Euro |
1 |
Rs.73.30 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
Report Prepared
by : |
TPT |
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 |
|
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.