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Report No. : |
311114 |
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Report Date : |
18.03.2015 |
IDENTIFICATION DETAILS
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Name : |
SONDERHOFF & EINSEL LAW AND PATENT
OFFICE |
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Registered Office : |
Shin Marunouchi Center Bldg. 18th/19th Floor 1-6-2 Marunouchi, Chioyoda-ku Tokyo 100 0005 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
1910 |
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Legal Form : |
Not Available |
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Line of Business : |
Subject offers comprehensive counseling, assistance and representation before all Japanese courts of law in the fields of Intellectual Property and Business Law and to provide the full range of Audit & Assurance and Tax Consulting services. |
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No. of Employees : |
175 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Yen 21.0 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 – 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 |
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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 |
SONDERHOFF
& EINSEL LAW AND PATENT OFFICE
Sonderhoff & Einsel Law and Patent
Office
Shin Marunouchi
Center Bldg. 18th/19th Floor 1-6-2 Marunouchi,
Chioyoda-ku Tokyo 100 0005 JAPAN
Tel:
81-3-5220-6500
Fax: 03-5220-6556
URL: www.se1910.com
E-Mail address: info@se1910.com
ACTIVITIES: Providing professional services for Intellectual
Property, Business Law, Audit & Assurance and Tax Consulting
OFFICERS: FELIX-REINHARD
EINSEL, PRES KEIJI ISAJI, PRES
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 3,400 M
PAYMENTSNO
COMPLAINTS CAPITAL UNAVAILABLE
TREND UP WORTH UNAVAILABLE
STARTED 1910 EMPLOYES 175
COMMENT: MANAGEMENT OF PATENT AND LAW OFFICE.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: ESTIMATED
AT YEN 21.0 MILLION, ON 30 DAYS NORMAL TERMS.
Sondelhoff & Einsel Law and Patent Office is founded in 1910 and currently operated by Attorneys at law, Patent Attorneys, Certified Public Consultants and Tax Consultants. Total employees are 175. The representative as of now is Felix-Reinhard Einsel, Patent Attorney. It represents the interests of mainly European, in particular German, businesses in all areas of industry and service in Japan. Their financial information is available only for revenue in the last three years (Yen 3.4 M for 2013, Yen 3.4 M for 2012 and Yen 3.3 M for 2011). Main clients are Bayer, Daimler, Siemens, Bosch, BASF
Financials are disclosed only partially. Sales amount for Dec/2014 fiscal
term was not precisely disclosed and is only estimated.
The sales volume for Dec/2014 fiscal term is estimated amounted to Yen
3,502 million, a 3% up from Yen 3,400 million in the previous term.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 21.0 million, on 30 days normal terms.
Activities: Offers
comprehensive counseling, assistance and representation before all Japanese courts
of law in the fields of Intellectual Property and Business Law and to provide
the full range of Audit & Assurance and Tax Consulting services.
Clients: [Mfrs,
wholesalers] Bayer AG, Daimler AG, Siemens AG, Bosch, BASF, the German Embassy
and the Austrian Embassy, other
No. of accounts: Unavailable
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Spot purchase
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactory.
Bank References:
Mizuho Bank (Tokyo
Chuo)
Deutsche Bank
Relations:
Satisfactory
FINANCES (In Million Yen)
|
Terms Ending: |
|
31/12/2015 |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
Annual
Sales |
|
3,607 |
3,502 |
3,400 |
3,380 |
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Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
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Total
Assets |
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Net
Worth |
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Capital,
Paid-Up |
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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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S.Growth Rate |
|
3.00 |
3.00 |
0.59 |
2.42 |
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Current Ratio |
|
|
.. |
.. |
.. |
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N.Worth Ratio |
|
|
.. |
.. |
.. |
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N.Profit/Sales |
|
0.00 |
0.00 |
0.00 |
0.00 |
Notes: Financials
are only partially disclosed.
Forecast (or
estimated) figures for the 31/12/2014 and 31/12/2015fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.69 |
|
|
1 |
Rs.92.99 |
|
Euro |
1 |
Rs.66.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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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.