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Report No. : |
301449 |
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Report Date : |
16.01.2015 |
IDENTIFICATION DETAILS
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Name : |
YASUDA SHIPYARD CO LTD |
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Registered Office : |
3-4-1 Keihinjima Otaku Tokyo 143-0003 |
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Country : |
Japan |
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Financials (as on) : |
31.08.2014 |
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Date of Incorporation : |
March, 2009 |
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Com. Reg. No.: |
0108-01-019154 (Tokyo-Otaku) |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Manufacturer and Retail of Ships (Steel & Wood),
Other. |
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No. of Employees : |
20 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limits : |
YEN 14.4 MILLION |
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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 |
|
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 |
YASUDA SHIPYARD CO LTD
REGD NAME: KK
Yasua Zosensho
MAIN OFFICE: 3-4-1
Keihinjima Otaku Tokyo 143-0003 JAPAN
Tel:
03-3790-2230 Fax: 03-3790-2238
URL: http://www.yachtworld.com/yasudashipyard
E-Mail address: info@yasuda-shipyard.com
Mfg,
retail of ships (steel & wood), other
Nil
(Subcontracted)
TAKAYUKI
NOZAWA, PRES
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 790 M
PAYMENTSSLOW
BUT CORRECT CAPITAL Yen 40 M
TREND UP WORTH Yen 94 M
STARTED 2009 EMPLOYES 20
SHIPBUILDER AND RETAILER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: ESTIMATED AT YEN 14.4 MILLION, ON 30 DAYS NORMAL TERMS.
The subject company was established originally in 1910 and
was separated and newly founded in 2009.
This is a separated shipbuilder of steel & wooden make and retails them
to consumers and users. The original
ship brand is known as “Breakers”.
Financials
are disclosed only partially.
The
sales volume for Aug/2014 fiscal term amounted to Yen 790 million, a 2% up from
Yen 775 million in the previous term.
The net profit was posted at Yen 2 million, compared with Yen 4 million
a year ago.
For
the current term ending Aug 2015 the net profit is projected at Yen 10 million,
on a 5% rise in turnover, to Yen 830 million.
Business is seen expanding steadily.
The rise in steel and products will contribute to raise earnings.
The
financial situation is considered FAIR and good for ORDINARY business
engagements. Max credit limit is
estimated at Yen 14.4 million, on 30 days normal terms.
Date Registered: Mar 2009
Regd No.: 0108-01-019154
(Tokyo-Otaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 3,200 shares
Issued:
800 shares
Sum: Yen
40 million
Major shareholders (%): Takayuki Nozawa (100)
Nothing
detrimental is known as to his commercial morality.
Activities: Shipbuilding and retails of ships
(steel & wooden make), other (--100%)
Clients: Consumers, users, business firms,
other
No. of accounts: 200
Domestic areas of activities:
Centered in the greater-Tokyo
Suppliers: [Mfrs, wholesalers] Bertram Inc,
Chemical Marine, Tokyo Bay Support, Oriental Port, Marine Service Kojima, other
Payment record: Regular
Location:
Business area in Tokyo. Office premises at
the caption address are owned by T Nozaki as his private residence and
maintained satisfactory.
Bank References:
SMBC (Omori)
Mizuho Bank (Ginzadori)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/08/2015 |
31/08/2014 |
31/08/2013 |
31/08/2012 |
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Annual
Sales |
|
830 |
790 |
775 |
840 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
10 |
2 |
4 |
6 |
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Total
Assets |
|
|
N/A |
N/A |
N/A |
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Net
Worth |
|
|
94 |
93 |
90 |
|
Capital,
Paid-Up |
|
|
40 |
40 |
40 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
5.06 |
1.94 |
-7.74 |
24.26 |
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Current Ratio |
|
|
.. |
.. |
.. |
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N.Worth Ratio |
|
|
.. |
.. |
.. |
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N.Profit/Sales |
|
1.20 |
0.25 |
0.52 |
0.71 |
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/08/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.76 |
|
|
1 |
Rs.94.02 |
|
Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
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Report Prepared
by : |
NIT |
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 |
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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.