|
Report No. : |
299797 |
|
Report Date : |
20.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
ABC DESIGN INC. |
|
|
|
|
Registered Office : |
4811-21, Tsukahara, Minami-Ashigara-Shi, Kanagawa Pref. 250-0117 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Date of Incorporation : |
09.11.2010 |
|
|
|
|
Com. Reg. No.: |
0210-01-035922 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Trader of Baby- Child Care Equipment. |
|
|
|
|
No. of Employees : |
3 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
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 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 |
In absence of financials, no credit limit could be recommended.
ABC DESIGN INC.
Country: Japan
Company name: ABC DESIGN INC.
Name in local language: ARAKI
BUSINESS CONSULTING & DESIGN, K.K.
Office address: 4811-21, Tsukahara,
Minami-ashigara-shi, Kanagawa pref. 250-0117
Office tel: 0465-33-6030
Website: www.abc-design.co.jp
Business type: Trader
Industry: Baby/child
care equipment
Established: November 9, 2010
Capital: Jp.
2,000,000 yen
Employees: 3
Corporate formation: Private
Corporation No.: 0210-01-035922
(Yokohama Legal Affairs Bureau)
Paid in capital : Jp.
2,000,000 yen
Number of authorized shares : 5,000
shares
Shares issued : 200
shares
Number of shareholder : 1
Mr. Toshihiko Araki, president, holds 100 percent.
Activity Product/Service
Description
-------------------------------------------------------------------------------
Trading Stroller(baby car)
Trading Stand paddle board
Service Operating
English lesson school
President Mr. Toshihiko Araki
Nationality: Japan
Director Ms. Keiko Araki
Nationality: Japan
Nationality: Japan
Note: The names of
director(s) and auditor(s) are phonetically spelt.
*Key Personnel*
==============
Mr. Toshihiko Araki
President and representative director since its establishment
Born on February 5, 1954
Home address: 4811-21, Tsukahara, Minami-ashigara-shi, Kanagawa pref.
250-0117
(This is also the registered address of the subject.)
Currency: (local
currency - Jp. yen)
-------------------------------------------------------------------------------------
Year |
Sales | Net Income
-------------------------------------------------------------------------------------
|
2011 |
8,000,000 |
loss 1,000,000 |
|
2012 |
16,040,000 |
327,000 |
|
2013 |
18,564,000 |
214,000 |
*Book Closing*
============
October 31st
*Financials*
==========
As a private limited company, no official financial statement is
required to be disclosed publicly.
*Bank Details*
============
Bank Name : Mizuho Bank, Ltd.
Branch : Odawara
*Credit Opinion*
=============
Subject is a relatively new and small-sized local firm, specializing in
import and sales(wholesale and online sales) of two types of strollers from
Germany as well as operating English lesson school at the same location.
There is no information about the English lesson school given in its
website.
The website shows a total of 25 shops, which are selling the above
strollers.
Usually it is not easy for only three employees to handle import and
distribution to such tough retailers together with online sales directly to
consumers.
Also the amount of the capital paid-in is not strong enough to conduct
the above business at the same time.
It may be safely said that the business is just at an initial stage.
It would be advisable to enter into any business under well-secured
conditions such as advance payment etc.
No recommendation for any open accounts at this moment.
*Main Products
& Services*
======================
Import and sales(wholesale and online sales) of the following items:
-
“3
TEC” tricycle-type stroller(Germany)
-
“zoom”
twin-seat baby car(Germany)
Operating English lesson school
*Address*
=========
Registered address is the same as the operational address.
The registered address is also the residence of the president.
*Company History*
Date Development
-----------------------------------------------------------------------------------------------
November 9, 2010 Incorporated.
*Suppliers*
==========
Takata Corp.
Mistral GmbH
*Customers*
==========
Isetan Mitsukoshi Department Stores Ltd.
Miki Shoko Co., Ltd.
Hello Baby Inc.
Hankyu Hanshin Department Stores Co., Ltd.
Kintetsu Department Store Co., Ltd.
Amazon Japan, Inc.
Illums Japan Co., Ltd.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.70 |
|
|
1 |
Rs.93.41 |
|
Euro |
1 |
Rs.71.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
|
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 |
|
|
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.