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Report No. : |
304873 |
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Report Date : |
23.01.2015 |
IDENTIFICATION DETAILS
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Name : |
UYENO GREEN SOLUTIONS KK |
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Registered Office : |
Uyeno Bldg 2F, 46 Yamashitacho Nakaku Yokohama 231-0023 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
April 1983 |
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Com. Reg. No.: |
0200-01-025483 |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesale, retail of solar power systems |
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No. of Employee : |
43 |
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) |
|
Japan |
A1 |
A1 |
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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.
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Source
: CIA |
UYENO
GREEN SOLUTIONS KK
Uyeno Green Solution KK
Uyeno Bldg 2F, 46 Yamashitacho Nakaku Yokohama
231-0023 JAPAN
Tel: 045-681-0070 Fax: 045-681-7778
URL: http://www.uygs.jp
E-Mail address: (thru the URL)
Wholesale, retail of solar power
systems
Tokyo, Miyazaki
TAKASHI UENO, PRES Hajime Ueno, rep dir
Masahiro Nomura, dir Takayuki Marubayashi, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 1,600 M
PAYMENTSSLOW BUT CORRECT CAPITAL Yen
50 M
TREND UP WORTH Yen 212 M
STARTED 1983 EMPLOYES 43
TRADING FIRM SPECIALIZING IN SOLAR POWER SYSTEMS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
The
subject company was established on the basis of a separation from Uyeno
Transtec Co, at the caption address. In
2013 the firm merged a sister company, Uyeno Products Co. This is a trading firm specializing in
import, export and wholesale of solar power systems, hot-water heating systems,
building maintenance, other. Clients
include business firms, makers, consumers, other.
The sales volume for Mar/2014 fiscal term amounted to Yen
1,600 million, a 242% up from Yen 468 million in the previous term. This is attributed to the said merger of a
sister company. The recurring profit was
posted at Yen 51 million and the net profit at Yen 20 million, respectively,
compared with Yen 3 million recurring loss and Yen 3 million net loss,
respectively, a year ago.
For
the current term ending Mar 2015 the recurring profit is projected at Yen 60
million and the net profit at Yen 30 million, respectively, on a 9% rise in
turnover, to Yen 1,750 million. Business
is seen expanding steadily. Solar power
systems are much in demand.
The
financial situation is considered FAIR and good for ORDINARY business
engagements. Max credit limit is
estimated at Yen 35.1 million, on 30 days normal terms.
Date Registered:
Apr 1983
Regd No.: 0200-01-025483
(Yokohama-Nakaku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 400,000
shares
Issued: 100,000
shares
Sum: Yen
50 million
Major shareholders (%): Uyeno Kosan Ltd* (100)
*.. Holding company of Uyeno Group firms, presided by Takashi
Ueno, concurrently
Nothing detrimental is known as
to the commercial morality of executives.
Activities:
Imports, exports, wholesales and retails solar power systems, hot-water heating
systems, other (--100%)
Clients: [Mfrs,
wholesalers] Solar Frontier, other
No. of accounts: 300
Domestic areas of activities:
Nationwide
Suppliers:
[Mfrs, wholesalers] Solar Frontier, other
Payment record: Regular
Location:
Business area in Yokohama. Office
premises at the caption address are owned and maintained satisfactory.
Bank References:
Mizuho
Bank (Yokohama)
Bank
of Yokohama (H/O)
Relations:
Satisfactory
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Terms Ending: |
31/03/2015 |
31/03/2014 |
31/03/2013 |
31/03/2012 |
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Annual Sales |
|
1,750 |
1,600 |
468 |
565 |
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Recur. Profit |
|
60 |
51 |
-3 |
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Net Profit |
|
30 |
20 |
-3 |
-14 |
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Total Assets |
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|
705 |
302 |
243 |
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Current Assets |
|
|
531 |
267 |
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Current Liabs |
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|
452 |
231 |
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Net Worth |
|
|
212 |
68 |
33 |
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Capital, Paid-Up |
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|
50 |
50 |
50 |
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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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S.Growth Rate |
|
9.38 |
241.88 |
-17.17 |
2.91 |
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Current Ratio |
|
.. |
117.48 |
115.58 |
.. |
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N.Worth Ratio |
|
.. |
30.07 |
22.52 |
13.58 |
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R.Profit/Sales |
|
3.43 |
3.19 |
-0.64 |
.. |
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N.Profit/Sales |
|
1.71 |
1.25 |
-0.64 |
-2.48 |
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Return On Equity |
|
.. |
9.43 |
-4.41 |
.. |
Notes: Forecast (or estimated)
figures for the 31/03/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.69 |
|
|
1 |
Rs.93.32 |
|
Euro |
1 |
Rs.71.48 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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|
|
|
Report Prepared
by : |
DPT |
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 |
-- |
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.