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Report No. : |
329601 |
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Report Date : |
29.06.2015 |
IDENTIFICATION DETAILS
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Name : |
B AND K CO LTD |
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Registered Office : |
2-16-45 Imazato Ebina City Kanagawa-Pref 243-0423 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2015 |
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Date of Incorporation : |
July, 1995 |
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Com. Reg. No.: |
0210-01-027072 (Kanagawa-Ebina) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Export, Wholesale of Electronic Parts & Products. |
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No. of Employees : |
11 |
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 : |
Small Company |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
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.
|
Source
: CIA |
B AND K CO LTD
REGD NAME: KK
B and K
MAIN OFFICE: 2-16-45
Imazato Ebina City Kanagawa-Pref 243-0423 JAPAN
Tel: 046-235-2852 Fax: 046-235-2854
E-Mail address: (thru the URL)
Import, export,
wholesale of electronic parts & products
Nil
China (3)
YOSHIHIRO
NAKAGAWA, PRED
Takahiro Nakagawa,
s/mgn dir
Makoto Endo, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 284 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 10 M
TREND UP WORTH Yen 162 M
STARTED 1995 EMPLOYES 11
TRADING FIRM SPECIALIZING IN ELECTRONIC
PARTS& PRODUCTS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS
ENGAGEMENTS.
The subject
company is a trading firm for import, export and wholesale of electronic parts
& products: OA equipment, FA
equipment, other. Has 3 offices in China, where production is also conducted. Clients include major electronic makers,
wholesalers, other.
Financials are disclosed only partially.
The sales volume for Mar/2014 fiscal term amounted to Yen 284 million, a
58% up from Yen 180 million in
the previous term. The client
networks expanded. The net profit was posted at Yen 2 million, compared with Yen 1 million
a year ago.
For the term that ended Mar 2015 the net profit was projected at Yen 3
million, on a 3% rise in turnover, to Yen 292 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: July
1995
Regd No.:
0210-01-027072
(Kanagawa-Ebina)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major
shareholders (%): Yoshihiro Nakagawa (55), Mitsue Nakagawa (35), Yoshinori Okada (5),
Takahiro Nakagawa (5)
No. of shareholders: 4
Nothing detrimental
is known as to the commercial morality of executives.
Activities: Trading firm for
import, export and wholesale of electronic parts & products: OA equipment,
FA equipment, scanners, other (--100%)
Clients: [Mfrs,
wholesalers] Star Micronics, Yamazaki Corp, Sanmei Electronics, Rhythm Watch,
Citizen Watch, other
No. of accounts:
300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] B&K, Khowa International, Dorfield International, other
Payment record: No Complaints
Location: Business area in
Ebina City, Kanagawa-Pref. Office
premises at the caption address are owned and maintained satisfactorily.
Bank References:
Resona Bank
(Machida-Chuo)
MUFG (Machida)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/03/2015 |
31/03/2014 |
31/03/2013 |
31/03/2012 |
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Annual
Sales |
|
292 |
284 |
180 |
170 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
3 |
2 |
1 |
1 |
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Total
Assets |
|
|
N/A |
N/A |
N/A |
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Net
Worth |
|
|
162 |
160 |
159 |
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Capital,
Paid-Up |
|
|
10 |
10 |
10 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
2.82 |
57.78 |
5.88 |
3.66 |
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Current Ratio |
|
|
.. |
.. |
.. |
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N.Worth Ratio |
|
|
.. |
.. |
.. |
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N.Profit/Sales |
|
1.03 |
0.70 |
0.56 |
0.59 |
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.63.60 |
|
|
1 |
Rs.100.09 |
|
Euro |
1 |
Rs.71.23 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
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 |
-- |
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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.