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Report No. : |
303418 |
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Report Date : |
30.01.2015 |
IDENTIFICATION DETAILS
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Name : |
TOKAI KAMOTSU YUSO CENTER KK |
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Registered Office : |
71-1 Ota Fukuroi Shizuoka-Pref 437-0052 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2015 (Estimated) |
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Date of Incorporation : |
October 1975 |
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Com. Reg. No.: |
0804-01-017256
(Shizuoka-Fukuroi) |
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Legal Form : |
Limited Company |
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Line of Business : |
· Subject is a Truck Transporter with 51 Trucks, Carrying Soil, Waste Oil, Waste Acid, Waste Plastics, Paper & Wood Chips. ·
Subject also offers warehousing. |
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No of Employees : |
47 |
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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Maximum Credit Limit : |
Yen 12.3 Million |
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Status : |
Moderate |
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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 |
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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.
|
Source : CIA |
TOKAI KAMOTSU YUSO CENTER KK
(Yuso means Transport)
Tokai Kamotsu Yuso Center
KK
71-1 Ota Fukuroi
Shizuoka-Pref 437-0052 JAPAN
Tel:
0538-42-1271 Fax: 0538-43-4149
URL: http://www.tokaikamotsu.co.jp
E-Mail address: (thru the URL)
· Subject is a Truck Transporter with 51 Trucks, Carrying Soil, Waste Oil, Waste Acid, Waste Plastics, Paper & Wood Chips.
·
Subject also offers warehousing.
Shizuoka
(5)
Shizuoka
(Warehouses)
NORIYUKI
NISHIDA, PRES Mitsuru
Uchida, v pres
Kazuhiko
Suzuki, mgn dir Tomoharu
Nishida, adviser
Kayoko
Nishida, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 690 M
PAYMENTS No
Complaints CAPITAL Yen 13
M
TREND STEADY WORTH Yen 286 M
STARTED 1975 EMPLOYES 47
TRUCK TRANSPORTER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: ESTIMATED AT YEN 12.3 MILLION, ON 30 DAYS NORMAL TERMS.
The subject company was established by Tomoharu Nishida in order to make most of his experience in the subject line of business. Noriyuki is his son, who took the pres office in Oct 2005. This is a truck transporter with 51 trucks, carrying soil, waste oil, waste acid, waste plastics, paper & wood chips. It also offers warehousing. Clients include inland transport companies, mfrs, wholesalers, others, nationwide.
Financials are disclosed only partially.
The sales volume for Mar/2014 fiscal term amounted to Yen 690 million, a 1% down from Yen 700 million in the previous term. The net profit was posted at Yen 25 million, compared with Yen 30 million a year ago.
For the current term ending Mar 2015 the net profit is projected at Yen 30 million, on a 3% rise in turnover, to Yen 710 million.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 12.3 million, on 30 days normal terms.
Date Registered: Oct 1975
Regd No.: 0804-01-017256 (Shizuoka-Fukuroi)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
104,000 shares
Issued:
26,000 shares
Sum: Yen 13 million
Major shareholders (%): Tomoharu Nishida (90), Noriyuki
Nishida (10)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Truck transportation (70%), warehousing, others (30%)
Clients: [Mfrs, wholesalers] S Line Gifu, Seino Transportation Co, Planet Logistics Co, Nippon Express, Fuji Logistic, Yamaha Corp, Clariant Japan, other
No. of accounts: 350
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Hino Motor Shizuoka, Isuzu Motor Tokai/Hokuriku, Fuji Bussan Co, other
Payment record: No Complaints
Location: Business area in Fukuroi, Shizuoka-Pref. Office premises at the caption address are owned and maintained satisfactory.
Bank References:
Kakegawa Shinkin Bank (Fukuroi)
Shoko Chukin Bank (Shizuoka)
Relations: Satisfactory
(In Million Yen)
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Terms Ending: |
|
31/03/2015 |
31/03/2014 |
31/03/2013 |
31/03/2012 |
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Annual
Sales |
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710 |
690 |
700 |
720 |
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Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
30 |
25 |
30 |
30 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
|
|
286 |
261 |
231 |
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Capital,
Paid-Up |
|
|
13 |
13 |
13 |
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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 |
|
2.90 |
-1.43 |
-2.78 |
20.00 |
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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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4.23 |
3.62 |
4.29 |
4.17 |
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/03/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.50 |
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UK Pound |
1 |
Rs.93.12 |
|
Euro |
1 |
Rs.69.33 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
MNL |
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.