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Report No. : |
325341 |
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Report Date : |
02.06.2015 |
IDENTIFICATION DETAILS
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Name : |
SAN A TRADING CO. LTD. |
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Registered Office : |
Not Available |
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Country : |
Japan |
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Financials (as on) : |
30.11.2014 |
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Date of Incorporation : |
February, 1975 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import and Export and sale of Industrial
Machinery and Spare Parts, Second Hand M/C, Food, Food Processor and others. |
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No. of Employees : |
6 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.
Since the complete shutdown of Japan’s nuclear reactors after the earthquake
and tsunami disaster in 2011, Japan's industrial sector has become 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 four 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. A sales tax increase caused
the economy to contract during the 2nd and 3rd quarters of 2014. The economy
has largely recovered in the three years since the disaster, but reconstruction
in the Tohoku region has been uneven due to labor shortages. 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 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. The government will continue a
longstanding debate on restructuring the economy and reining in Japan's huge
government debt, which amounts to more than 240% 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 2015, although the government
in 2014 decided to postpone the final phase of the increase until 2017 to give
the economy time to recover from the 2014 increase. 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 |
SAN A TRADING CO.
LTD.
REGD NAME: KK San A Trading
MAIN OFFICE:
Tel: 06-6351-7041 Fax: 0606351-4037
URL:
http://www.san-a-tr.co.jp
E-Mail address: (thru the
URL)
Import & Export and sale of Industrial
Machinery and Spare Parts, Second Hand M/C, Food, Food Processor
and others.
None
China, Vietnam
None
SEIJI TAKEUCHI, PRES; Toru Yasui, dir; Junichiro
Takeuchi,dir
Yen Amount: In million
Yen, unless otherwise stated
FINANCES SLOW A/SALES Yen 1,042 M (2013)
PAYMENTSREGULAR CAPITAL Yen 30 M
TREND SLOW WORTH Unavailable
STARTED 1975 EMPLOYES 6
IMPORTER, EXPORTER AND SELLER OF INDUSTIRAL
MACHINERY AND PARTS FOR TEXTILE GOODS.
FINANCIAL
SITUATION CONSIDERED SLOW BUT GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was
established in 1975 for impoting, exporting and selling industry machinery and parts
for textile goods. Since then, it has extended the business of electric parts
and food / seafood. It has developed Asian markets, especially in India,
Pakistan, China, Korea and Thailand.
Financials are disclosed only partially. At the present, financials November 2013 fiscal year has been
disclosed. Any numbers below commented for 2014 and 2015 are estimates.
The sales volume for November/2013 fiscal term amounted to
Yen 1,042 million, a 16% up from Yen 897 million in the previous term. For November 2014 and 2015 fiscal term, the
sales volume is estimated to be similar level. The net loss was recognized in
the year of 2013 and it is challenge for the subject company to be profitable in
2014 and 2015. It is estimated to be in loss position in these years.
The financial situation is considered SLOW but still good
for ORDINARY business engagements.
Date Registered: February 1975
Regd No.: Unavailable
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: Unavailable
Issued: Unavailable
Sum: Yen 30 million
Major
shareholders (%): Seiji Takeuchi,
Junichiro Takeuchi (% are not available)
No.
of shareholders: Unavailable
Nothing
detrimental is known as to the commercial morality of executives.
Activities:
•
Import & Export
and domestic sale of Industrial Machinery and Spare Parts
•
Import & Export of
Electric Parts, Import of OA device accessory's Mould and its domestice sale.
•
Import & Export
and domestic sale of Building ironware and accessories
•
Export of materials
and sub-materials for Textile Industry
•
Import & Export of
Textile Products and Half-Finished Products
•
Import and domestic
sale of Miscellaneous Goods
•
Assistant work of
above contents
•
Home Page Building by
Asian Connection and Support of Internet Sale Management
•
Export & Import
Food / Sea Food
•
Import of the material
for hair salon
Clients:
[Mfrs, wholesalers] Traders in India, Pakistan, China, Korea and Toyo Olive and
others
No. of accounts: Unavailable
Domestic areas of activities: Osaka
Suppliers:
[Mfrs, wholesalers] Murata, Mitsuwa, TMT Machinery and others
Payment record: Slow
Location: Business
area in Osaka. Office premises at the
caption address are leased and maintained satisfactory.
Bank References:
SMBC(Minami
Mori-machi)
Nagoya
(Osaka)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
|
30/11/2015 |
30/11/2014 |
30/11/2013 |
30/11/2012 |
|
Annual Sales |
|
1,042 |
1,042 |
1,042 |
897 |
|
Recur. Profit |
|
.. |
.. |
.. |
.. |
|
Net Profit |
|
-4 |
-8 |
-16 |
0 |
|
Total Assets |
|
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Net Worth |
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Capital, Paid-Up |
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|
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|
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Div.P.Share(¥) |
|
0.00 |
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
0.00 |
0.00 |
16.21 |
.. |
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
|
.. |
.. |
.. |
|
N.Profit/Sales |
|
-0.39 |
-0.78 |
-1.57 |
0.01 |
Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 30/11/2014 and 2015
fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.61 |
|
|
1 |
Rs.97.27 |
|
Euro |
1 |
Rs.69.63 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
|
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 |
|
|
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 |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
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 |
|
|
<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.