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Report No. : |
299912 |
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Report Date : |
23.01.2015 |
IDENTIFICATION DETAILS
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Name : |
HITACHI BUSINESS INTERNATIONAL LTD. |
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Registered Office : |
NBF Ogawa-cho Bldg., 1-3, Kanda-ogawa-cho, Chiyoda-ku, Tokyo 101-0052 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
01.04.1987 |
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Com. Reg. No.: |
0100-01-027006 |
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Legal Form : |
Private Company |
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Line of Business : |
Trader/Service of Industrial machinery & other services |
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No. of Employee : |
75 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
a |
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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 |
HITACHI BUSINEE
INTERNATIONAL LTD.
Country: Japan
Company name: HITACHI BUSINESS
INTERNATIONAL LTD.
Name in local language: HITACHI
KOKUSAI BUSINESS, K.K.
Office address: NBF Ogawa-cho
Bldg., 1-3, Kanda-ogawa-cho, Chiyoda-ku,
Tokyo 101-0052
Office tel: 03-5259-5511
Office fax: 03-5259-5519
Website: www.hitachi-bi.co.jp
Business type: Trader/Service
Industry: Industrial
machinery & other services
Established: April 1, 1987
Capital: Jp.
100,000,000 yen
Employees: 75
Corporate formation: Private
Corporation No.: 0100-01-027006
(Tokyo Legal Affairs Bureau)
Paid in capital : Jp.
100,000,000 yen
Number of authorized shares : 6,000
shares
Shares issued : 2,000
shares
Number of shareholder : 1
Hitachi Ltd. holds 100 percent.
Activity Product/Service
Description
-------------------------------------------------------------------------------
Trading Special industrial
machines
Service Personal
language lessons
Service Business
solution consulting
President Mr. Masakazu Hamada
Nationality: Japan
Director Mr. Hirofumi Maeda
Nationality: Japan
Director Mr. Hiroshi Tsuganuma
Nationality: Japan
Nationality: Japan
Auditor Mr. Atsushi Nakajima
Nationality: Japan
Auditor Mr. Mamoru Sasaki
Nationality: Japan
Note: The names of director(s) and auditor(s) are phonetically spelt.
*Key Personnel*
=============
Mr. Masakazu Hamada
President and representative director
Home address: 1-77-14, Shinmachi, Fuchu-shi, Tokyo
===========
Currency: (local currency - Jp. yen)
-------------------------------------------------------------------------------------
Year | Sales | Net
Income
-------------------------------------------------------------------------------------
|
2009 |
12,900,000,000 |
68,524,000 |
|
2010 |
10,446,000,000 |
loss 55,715,000 |
|
2011 |
9,513,000,000 |
1,443,000 |
|
2012 |
7,915,000,000 |
loss 42,892,000 |
|
2013 |
7,790,000,000 |
loss 210,481,000 |
|
2014 |
4,883,000,000 |
loss 118,716,000 |
=====================
*Book Closing*
============
March 31st
*Financials*
==========
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Balance Sheet |
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Unit: millions of JP yen |
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3/31/2014 |
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Current assets |
3,883 |
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Fixed assets |
146 |
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Total Assets |
4,029 |
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Current liabilities |
3,535 |
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Fixed liabilities |
213 |
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Shareholders' equity |
281 |
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Paid up capital |
100 |
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Retained earnings |
181 |
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Total Liabilities & Net
Assets |
4,029 |
Bank Name : Bank of
Tokyo-Mitsubishi UFJ, Ltd.
Branch : Head office
Bank Name : Mizuho Bank, Ltd.
Branch : Tokyo corporate
banking department
Subject is one of many subsidiaries of Hitachi Ltd., a world-class
manufacturer of a wide range of electric and electronic products.
The business spheres of the subject has been re-engineered at the
discretion of Hitachi Group.
Its business size has been shrinking due to re-formation of the business
structure of Hitachi Group.
The total scheme is not any problem as the parent carries JPY 1,652,375
million of retained earnings as of September 30, 2014.
Our rating is based on the latest available financial data of the
subject itself as a single business entity.
In case of drastic change of the business of the subject, the parent
will be able to pay off at any time.
Our standard suggestion would be up to US$ 100,000 on terms of 90 days.
*Main Products
& Services*
======================
The subject is conducting its business activities under the following
organization:
Smart Transformation Promotion Division
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Business
Strategy Group
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New
Business Development Group
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Business
Partnering Group
Global Business Solution Division
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Business
Solution Group: Support work for trading procedure and documentation
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Language
Solution Group: Language lesson support
Infra Solution Business Division
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Steel
Group
-
Chemical
Group
*Address*
=========
Registered address is the same as the operational address.
================
Date Development
-----------------------------------------------------------------------------------------------
April 1, 1987 Incorporated under the name of
“International Business Service Ltd.” as
a subsidiary of Hitachi Ltd., former
International Business Headquarters
with an investment of JPY 40 million.
October
1990 Took
the current company name.
May 2000 Increased the capital to JPY
100 million.
March 2006 Terminated the translation
service.
August 2010 Shut down the business in
Shanghai.
March 2011 Terminated SAP/BI business.
April 2013 Assigned the business assets of
system development to “Hitachi Solutions Ltd.”
Started trading business support(shared
service).
October 2013 Assigned the business assets of IT
support business to “Hitachi ICT
Business
Service Ltd.”
Assigned the
business assets of staffing agency business to “Pasona Inc.”
*Suppliers*
==========
Hitachi Ltd.
Hitachi-Mitsubishi Steel-Making Machine Co., Ltd.
First High Frequency Wave Industry Co., Ltd.
Hitachi Industrial Machines Ltd.
*Customers*
==========
Hitachi America Ltd.
Hitachi Data System Corp.
Hitachi Canada Ltd.
Hitachi Asia Ltd.
Overseas Power Generation Firms
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
Rs.61.69 |
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|
1 |
Rs.93.33 |
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Euro |
1 |
Rs.71.49 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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Report Prepared
by : |
ANK |
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 |
-- |
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.