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Report No. : |
302804 |
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Report Date : |
22.01.2015 |
IDENTIFICATION DETAILS
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Name : |
POWERCOM JAPAN CO LTD |
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Registered Office : |
Hanzomon Murayama Bldg West 6F, 3-7 Kojimachi Chiyodaku Tokyo 102-0083
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Country : |
Japan |
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Financials (as on) : |
31.01.2015 (Estimated) |
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Date of Incorporation : |
March 2002 |
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Com. Reg. No.: |
0199-01-107759
(Tokyo-Chiyodaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Importer and wholesaler
of UPS (Uninterruptible Power System), PC & AV Peripherals, Solar System
Inverters, Modules, exclusively from Power come
Co. Ltd Taiwan |
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No of Employees : |
10 |
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 : |
No Complaints |
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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 |
|
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 |
POWERCOM JAPAN CO LTD
KK Powercom Japan
Hanzomon Murayama
Bldg West 6F, 3-7 Kojimachi Chiyodaku Tokyo 102-0083 JAPAN
Tel:
03-3556-5620 Fax: 03-3556-5619
*.. Moved to the caption address in Oct 2011 from the
URL: http//:www.pc.mups.jp
E-mail: info@pc.mups.jp
Importer and wholesaler of UPS (Uninterruptible
Power System), PC & AV Peripherals, Solar System Inverters, Modules,
exclusively from Power come Co.
Ltd Taiwan
Utsunomiya
(service center)
FUMIO
HOSOYA, PRES Masaharu Iwatani,
dir
Kazuhisa
Takahashi, dir Mieko Hosoya, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 1,386 M
PAYMENTSNo Complaints
CAPITAL Yen 20 M
TREND UP WORTH Yen 116 M
STARTED 2002 EMPLOYES 10
IMPORTER
OF UPS FROM TAIWAN
FINANCIAL SITUATION CONSIDERED FAIR
AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
The subject company was established by Fumio Hosoya in order to import UPS (uninterruptible power system) from Powercom Co Ltd (Taiwan). Imports UPS and PC & AV peripherals. The firm has been separately operating online shop retailing office supplies, other, but closed the shop at the end of August 2013, in order to focus on UPS imports. Goods are mostly imported from the Taiwanese producer. The firm is concentrating on the products of the Taiwanese partners
The sales volume for Jan/2014 fiscal term amounted to Yen 1,386 million, a 208% sharp up from Yen 450 million in the previous term. This is attributed to the concentration of operations to imports of UPS, solar system, other. The net profit was posted at Yen 81 million, compared with Yen 16 million a year ago.
For the current term ending Jan 2015 the net profit is projected at Yen 85 million on a %% rise in turnover, to Yen 1,450 million. Business is seen expanding steadily.
The financial situation is FAIR and good for ORDINARY business engagements.
Date Registered: Mar 2002
REGD NO.: 0199-01-107759 (Tokyo-Chiyodaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued: 800 shares
Sum: Yen
40 million
Major shareholders (%):
Fumio Hosoya (50), Powercom Taiwan (20), Masaharu iwatani (10), Kazuhisa
Takahashi
(9), Yusuke Hosoya (7)
No. of shareholders: 6
Nothing
detrimental is known as to his commercial morality.
Activities: Imports and wholesales UPS (uninterruptible power system), PC & AV peripherals, solar system inverters, modules, exclusively from Power come Co Ltd Taiwan (--100%)
Clients: [Mfrs, wholesalers] Nihon Juken Co (8%), Power Trust (8%), Nemy Inc (8%), Uny Lot (6%), Matsushima Inc (5%), other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Powercom Co Ltd, Taiwan (30%), Shin Dengen Kogyo (25%), Omron Corp (15%), Solar Tech (15%), other
Payment record: No Complaints
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG (Kagurazaka)
Resona Bank (Kudan)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
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31/01/2015 |
31/01/2014 |
31/01/2013 |
31/01/2012 |
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Annual
Sales |
|
1,450 |
1,386 |
450 |
350 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
85 |
81 |
16 |
-3 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
|
|
116 |
35 |
19 |
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Capital,
Paid-Up |
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Div.P.Share(¥) |
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|
0.00 |
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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4.62 |
208.00 |
28.57 |
56.95 |
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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 |
|
5.86 |
5.84 |
3.56 |
-0.86 |
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/01/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.61 |
|
UK Pound |
1 |
Rs.93.49 |
|
Euro |
1 |
Rs.71.38 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
MNL |
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 |
|
-- |
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.