MIRA INFORM REPORT
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Report No. : |
331970 |
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Report Date : |
18.07.2015 |
IDENTIFICATION DETAILS
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Name : |
NIHON ORACLE INFORMATION SYSTEMS LLC |
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Registered Office : |
Aoyama OM-Square 23F, 2-5-8 Kita-Aoyama Minatoku Tokyo 107-0061 |
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Country : |
Japan |
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Date of Incorporation : |
September 1996 |
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Com. Reg. No.: |
0104-03-009477 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
PC software management, software development, other (--100%) |
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No. of Employees : |
10 |
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 : |
Unknown |
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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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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 an
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. Scarce in many
natural resources, Japan has long been dependent on imported raw materials.
Since the complete shutdown of Japan’s nuclear reactors after the earthquake
and tsunami disaster in 2011, Japan's industrial sector has become even more
dependent than it was previously on imported fossil 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 impressive - 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 aftereffects 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 four times since 2008.
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 of that year disrupted
manufacturing. The economy has largely recovered in the four years since the
disaster, although reconstruction in the affected Tohoku region has lagged, in
part due to a shortage of labor in the construction sector. Japan enjoyed a
sharp uptick in growth in 2013 on the basis of Prime Minister Shinzo Abe’s
“Three Arrows” economic revitalization agenda - dubbed “Abenomics” - of
monetary easing, “flexible” fiscal policy, and structural reform. Abe’s
government has replaced the preceding administration’s plan to phase out
nuclear power with a new policy of seeking to restart nuclear power plants that
meet strict new safety standards, and emphasizing nuclear energy’s importance
as a base-load electricity source. Japan joined the Trans-Pacific Partnership
(TPP) 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 2014 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. While seeking to stimulate and reform the
economy, the government must also devise a strategy for reining in Japan's huge
government debt, which amounts to more than 230% of GDP. To help raise
government revenue, Japan adopted legislation in 2012 to gradually raise the
consumption tax rate to 10% by 2015, beginning with a hike from 5% to 8%
implemented in April 2014. That increase had a contractionary effect on GDP,
however, so PM Abe in late 2014 decided to postpone the final phase of the
increase until April 2017 to give the economy more time to recover. Led by the
Bank of Japan’s aggressive monetary easing, Japan is making progress in ending
deflation, but demographics - low birthrate and an aging, shrinking population
- pose major long-term challenges for the economy.
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Source
: CIA |
NOTE
In absence of financials, no credit limit could be recommended.
Company
name
NIHON ORACLE INFORMATION SYSTEMS LLC
REGD NAME: Nihon
Oracle Information Systems GK
MAIN OFFICE: Aoyama
OM-Square 23F, 2-5-8 Kita-Aoyama Minatoku Tokyo 107-0061 JAPAN
Tel: 03-6834-6050
URL: http://www.oracle.com
(the parent)
E-Mail address: (thru the URL)
ACTIVITIES: PC
software management, hardware system, other
BRANCHES: Nil
OVERSEAS: USA
(the USA parent)
OFFICERS: ORACLE CAPA SERVICES
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen UNAVAILABLE
PAYMENTS UNKNOWN CAPITAL Yen 100 M
TREND STEADY WORTH Yen
UNAVAILABLE
STARTED 1996 EMPLOYES 10
*.. Financials are consolidated by the Japan/USA parents and not individually disclosed
COMMENT: TRADING FIRM SPECIALIZING IN PC SOFTWARE, OWNED BY ORACLE USA. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: UNABLE TO BE ASSESED AS NO BUSINESS ARE DISCLOSED AND UNAVAILABLE.
HIGHLIGHTS
The subject company is a trading firm for PC software management, software development, other, owned by USA Oracle Group, a subsidiary of Oracle Corp of Japan (See REGISTRATION). Business operations are wholly managed by Nihon Oracle KK.
FINANCIAL
INFORMATION
Financials are consolidated by the USA & Japanese parents and not individually disclosed. The last the firm disclosed is for the Dec/2010 fiscal term, when the firm reported sales at Yen 4,658 million, no net profits disclosed.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is unable to be assessed due to the non-availability of business.
REGISTRATION
Date Registered: Sept 1996
Regd No.:
0104-03-009477
(Tokyo-Minatoku)
Legal Status: Limited
Liability Company (Godo Kaisha)
Authorized: 8,000 shares
Issued: 2,000
shares
Sum: Yen
100 million
Major shareholders (%): USA
Oracle Group, a subsidiary of Nihon Oracle KK* (100)
.. Oracle Corp of Japan, founded 1985, listed Tokyo S/E, capital Yen 22,608, sales Yen 161,051million, recurring profit Yen 47,286 million, net profit Yen 30,246 million, total assets Yen 188,847 million, net worth Yen 113,826 million, employees 2,427, pres Hiroshige Sugihara
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: PC software
management, software development, other (--100%)
Clients: [Mfrs,
wholesalers] Oracle Corp Japan (100%)
No. of accounts: 1
for distribution nationwide
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] USA Oracle Corp, USA Oracle International Corp, other
Payment record: Unknown
Location: Business area in
Tokyo. Office premises at the caption
address are owned by the parent and maintained satisfactorily.
Bank References:
MUFG (Sangenjaya)
Mizuho Bank
(Shibuya-Chuo)
Relations:
Satisfactory
FINANCES
(In Million
Yen)
NOT DISCLOSED AND UNAVAILABLE.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.63.49 |
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1 |
Rs.99.43 |
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Euro |
1 |
Rs.69.14 |
INFORMATION DETAILS
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Analysis Done by
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SAN |
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Report Prepared
by : |
TPT |
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 |
-- |
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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.