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Report No. : |
325781 |
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Report Date : |
03.06.2015 |
IDENTIFICATION DETAILS
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Name : |
MAIDO CORPORATION |
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Registered Office : |
8-3-10 Isogamidori Chuoku Kobe 651-0086 |
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Country : |
Japan |
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Financials (as on) : |
30.11.2014 |
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Date of Incorporation : |
December 2003 |
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Com. Reg. No.: |
1400-01-023216 |
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Legal Form : |
Limited Company |
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Line of Business : |
Exports industrial chemicals, rubber chemicals, pigments, textiles, electronic products, optical goods, feed, pharmaceuticals, reagents, other (--100%) |
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No. of Employees : |
6 |
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 : |
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 – 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 |
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High |
B2 |
|
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.
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 |
MAIDO CORPORATION
REGD NAME: KK
Maido
MAIN OFFICE: 8-3-10
Isogamidori Chuoku Kobe 651-0086 JAPAN
Tel:
078-200-3520 Fax: 078-200-3521
Mail-Address: sales@maidocorp.jp
Export
of industrial chemicals
Nil
KAZUHIRO
TAKASHIMA, PRES
Akiko
Tatekawa, dir
Hitoaki
Sasaki, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 1,570 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 10 M
TREND UP WORTH Yen 101 M
STARTED 2003 EMPLOYES 6
TRADING FIRM SPECIALIZING IN INDUSTRIAL CHEMICALS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by father of Kazuhiro
Takashima in order to make most of his experience in the subject line of
business. Kazuhiro Takashima took the
pres office in Aug 2011. This is a
trading firm for export of industrial chemicals, rubber chemicals, other. Exports to USA, Europe, Oceania, S/E Asia,
other. Goods are supplied from major
chemical mfrs.
Financials are only partially disclosed.
The sales volume for Nov/2014 fiscal term amounted to Yen
1,570 million, a shade up from Yen 1,560 million in the previous term. The net profit was posted at Yen 7 million,
compared with Yen 6 million a year ago.
For the current term ending Nov 2015 the net profit is
projected at Yen 9 million, on a 5% rise in turnover, to Yen 1,650
million.
The financial situation is
considered FAIR and good for ORDINARY business engagements.
Date
Registered: Dec 2003
Regd
No.: 1400-01-023216
(Kobe-Chuoku)
Legal
Status: Limited Company (Kabushiki Kaisha)
Authorized:
800 shares
Issued:
200 shares
Sum:
Yen 10 million
Major shareholders (%): Kazuhiro Takahashi (60), Akiko Tatekawa
(40)
No.
of shareholders: 2
Nothing detrimental is known as to the
commercial morality of executives.
Activities:
Exports industrial chemicals, rubber chemicals, pigments, textiles, electronic
products, optical goods, feed, pharmaceuticals, reagents, other (--100%)
Clients:
[Mfrs, wholesalers] Exports to USA, Europe, Oceania, S/E Asia, other
No. of accounts: Unavailable
Domestic areas of activities:
Centered in greater-Osaka
Suppliers:
[Mfrs, wholesalers] Mitsubishi Chemical, Mitsui Chemical, Daicel Chemical Ind,
Sanyo Chemical Ind, Asahi Electric Ind, other
Payment record: No
Complaints
Location:
Business area in Kobe. Office premises
at the caption address are leased and maintained satisfactorily.
Bank
References:
SMBC (Kobe)
Minato Bank (H/O)
Relations: Satisfactory
(In Million Yen)
|
Terms
Ending: |
|
30/11/2015 |
30/11/2014 |
30/11/2013 |
30/11/2012 |
|
Annual
Sales |
|
1,650 |
1,570 |
1,560 |
1,550 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
9 |
7 |
6 |
5 |
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Total
Assets |
|
|
N/A |
N/A |
N/A |
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Net
Worth |
|
|
101 |
94 |
88 |
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Capital,
Paid-Up |
|
|
10 |
10 |
10 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical
Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
5.10 |
0.64 |
0.65 |
0.00 |
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Current Ratio |
|
|
.. |
.. |
.. |
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N.Worth Ratio |
|
|
.. |
.. |
.. |
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N.Profit/Sales |
|
0.55 |
0.45 |
0.38 |
0.32 |
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 30/11/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.83 |
|
|
1 |
Rs.97.10 |
|
Euro |
1 |
Rs.69.74 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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|
|
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Report Prepared
by : |
VNT |
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.