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Report No. : |
303940 |
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Report Date : |
17.01.2015 |
IDENTIFICATION DETAILS
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Name : |
KOKUBU TRADING CORPORATION |
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Registered Office : |
2710 |
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Country : |
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Financials (as on) : |
28.02.2014 |
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Date of Incorporation : |
September 2012 |
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Com. Reg. No.: |
0300-01-094393 |
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Legal Form : |
Limited Company |
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Line of Business : |
Export, import, wholesale of used auto tires, rubber products |
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No. of Employees : |
11 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
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) |
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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 |
KOKUBU TRADING CORPORATION
REGD NAME: Kokubu Tsusho KK
MAIN OFFICE: 2710
Magechi Kumagaya City
Saitama-Pref 360-0161 JAPAN
Tel: 048-536-7755 Fax: 048-536-8778
URL: http://www.kkb-tire.co.jp
(Of the parent, Kokubu Shokai Co Ltd)
E-Mail address: (thru the URL)
Export, import,
wholesale of used auto tires, rubber products, other
Nil
YOSHINAO KOKUBU,
PRES
Masanobu Ikeda, s/mgn dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 702 M
PAYMENTS SLOW
BUT CORRECT CAPITAL Yen 10 M
TREND UP WORTH Yen
28 M
STARTED 2012 EMPLOYES 11
TRADING FIRM SPECIALIZING IN AUTO TIRES,
OTHER
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY
BUSINESS ENGAGEMENTS.
The subject company was established on the basis of a division separated
from Kokubu Shokai Co Ltd (See REGISTRATION). This is a
trading firm for import, export and wholesale of used auto tires, rubber
materials & products, agriculture products, other. Exports to S/E Asia, other.
Financials are disclosed only partially.
The sales volume for the Feb 2014 fiscal term amounted to Yen 702
million, a 631% up from the initial accounting term that ended Feb 2013. Handling volume expanded with exports robust. The net profit was posted at Yen 16 million,
compared with Yen 2 million a year ago.
For the current term ending Feb 2015 the net profit is projected at Yen
30 million, on a 100% rise in turnover, to Yen 1,400 million. Business is seen expanding with handling
volume increasing steadily as planned.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered:
Sept 2012
Regd No.: 0300-01-094393 (Saitama-Kumagaya)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major
shareholders (%): Kokubu Shokai Co Ltd* (100)
*.. Wholesaler of auto
parts & affiliated, at the caption address, founded 1979, capital Yen 49 million,
sales Yen 3,740 million, net profit Yen 45 million, employees 80, pres Niro Shiina
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Trading firm for
import, export and wholesale of: Exports to used auto tire (60%), rubber
materials & products (30%), agricultural products, greenery materials,
others (--10%).
Clients: Mfrs,
wholesalers, business firms, other
No. of accounts:
300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesalers]
Kokubu Shokai Co (50%), Kokubu
Green Farm, other
Payment record: Slow but correct
Location: Business area in
Kumagaya.
Office premises at the caption address are owned by the parent, Kokubu Shokai Co Ltd, and maintained satisfactory.
Bank References:
Saitama Resona Bank (Kumagaya)
Mizuho Bank (Kumagaya)
Relations: Satisfactory
(In Million
Yen)
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Terms Ending: |
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28/02/2015 |
28/02/2014 |
28/02/2013 |
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Annual
Sales |
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1,400 |
702 |
96 |
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Recur.
Profit |
|
.. |
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.. |
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Net
Profit |
|
30 |
16 |
2 |
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Total
Assets |
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N/A |
N/A |
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Net
Worth |
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|
28 |
12 |
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Capital,
Paid-Up |
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|
10 |
10 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
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<Analytical Data> |
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(%) |
(%) |
(%) |
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S.Growth Rate |
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99.43 |
631.25 |
- - - |
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Current Ratio |
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.. |
.. |
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N.Worth Ratio |
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.. |
.. |
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N.Profit/Sales |
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2.14 |
2.28 |
2.08 |
Notes: Financials
are only partially disclosed. The 28/02/2013
is the initial accounting term
from the inception
of the firm.
Forecast (or
estimated) figures for the 28/02/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.61.89 |
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|
1 |
Rs.93.92 |
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Euro |
1 |
Rs.72.01 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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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.