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Report No. : |
349537 |
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Report Date : |
13.11.2015 |
IDENTIFICATION DETAILS
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Name : |
ENSERVE COMPANY LIMITED |
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Registered Office : |
Yurakucho Bldg #208, 1-10-1 Yurakucho Chiyodaku Tokyo 100-0006 |
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Country : |
Japan |
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Financials (as on) : |
31.08.214 |
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Date of Incorporation : |
September 2010 |
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Com. Reg. No.: |
0100-01-135030 (Tokyo-Chiyodaku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of oil &
natural gas drilling equipment. |
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No. of Employee : |
1 |
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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Maximum Credit Limit : |
YEN 28.2 MILLION |
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Status : |
Small Company |
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Payment Behaviour : |
Slow but correct |
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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 |
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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
The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Like its Western European neighbors, Germany faces significant demographic challenges to sustained long-term growth. Low fertility rates and declining net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms. Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, contributed to strong growth and falling unemployment. These advances, as well as a government subsidized, reduced working hour scheme, help explain the relatively modest increase in unemployment during the 2008-09 recession - the deepest since World War II - and its decrease to 5.2% in 2014. The new German government introduced a minimum wage of about $11.60 (8.50 euros) per hour to take effect in 2015. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's total budget deficit - including federal, state, and municipal - to 4.1% in 2010, but slower spending and higher tax revenues reduced the deficit to 0.8% in 2011 and in 2012 Germany reached a budget surplus of 0.1%. The budget was essentially in balance in 2014. A constitutional amendment approved in 2009 limits the federal government to structural deficits of no more than 0.35% of GDP per annum as of 2016 though the target was already reached in 2012. The German economy suffers from low levels of investment, and a government plan to invest 15 billion euros 2016-18, largely in infrastructure, is intended to spur needed private investment. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela MERKEL announced in May 2011 that eight of the country's 17 nuclear reactors would be shut down immediately and the remaining plants would close by 2022. Germany plans to replace nuclear power with renewable energy, which accounted for 27.8% of gross electricity consumption in 2014, up from 9% in 2000. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its electricity generating capacity and 46% of its base-load electricity production. Extremely low inflation, caused largely by low global energy prices and a weak euro, are expected to boost German GDP growth in 2015.
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Source
: CIA |
ENSERVE COMPANY
LIMITED
REGD NAME: Enserve
KK
MAIN OFFICE: Yurakucho
Bldg #208, 1-10-1 Yurakucho Chiyodaku Tokyo 100-0006 JAPAN
Tel: 03-6269-9036 Fax:
03-6269-9880
URL: N/A
Import,
wholesale of oil & natural gas drilling equipment
Nil
KEITA
MATSUNOKI, PRES
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES R/WEAK A/SALES Yen 360 M
PAYMENTSSLOW
BUT CORRECT CAPITAL Yen 20 M
TREND UP WORTH Yen 34 M
STARTED 2010 EMPLOYES 1
TRADING FIRM SPECIALIZING IN
OIL/NATURAL GAS DRILLING/MINING EQUIPMENT.
FINANCIAL SITUATION CONSDERED RATHER
WEAK BUT SHOULD BE GOOD FOR MODERATE BUISNESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 28.2 MILLION, ON 30 DAYS NORMAL TERMS.
The subject company was established by Keita Matsunoki in
order to make most of his experience in the subject line of business. This is a one-man trading firm for import,
export and wholesale of oil & natural gas drilling equipment &
facilities, mining equipment, other.
Goods are exported to Middle East.
The sales volume for Aug/2014 fiscal term amounted to Yen
360 million, a 27% up from Yen 284 million in the previous term. Large lot of orders received from the Middle
East. The recurring profit was posted at
Yen 4 million and the net profit at Yen 3 million, respectively, compared with
Yen 8 million recurring profit and Yen 6 million net profit, respectively, a
year ago
For the term that ended Aug 2015 the recurring profit was
projected at Yen 15 million and the net profit at Yen 10 million, respectively,
on a 6% rise in turnover, to Yen 380 million.
Weaker Yen may have assisted to raise earnings in Yen terms. Final results are yet to be released.
The financial situation is considered RATHER WEAK but should
be good for MODERATE business engagements.
Max credit limit is estimated at Yen 28.2 million, on 30 days normal
terms.
Date Registered:
Sept 2010
Regd No.: 0100-01-135030
(Tokyo-Chiyodaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 1,600 shares
Issued:
400 shares
Sum: Yen
20 million
Major shareholders (%): Keita Matsunoki (100)
Nothing
detrimental is known as to his commercial morality.
Activities: A trading firm for import and export
of oil & natural gas drilling facilities & equipment, mining
machinery/equipment, and related products (--100%)
Clients: Exports to Middle East, overseas
agents, other
No. of
accounts: Unavailable
Domestic
areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers]: Domestic trading
houses, iron & steel makers, plant mfrs, other
Payment record: Slow
But Correct
Location: Business area in Tokyo. Office premises at the caption address are
leased and maintained satisfactorily.
Bank References:
SMBC
(Marunouchi)
Mizuho
Bank (Shimbashi)
Relations:
Money deposits & transfers only
(In Million Yen)
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Terms Ending: |
31/08/2015 |
31/08/2014 |
31/08/2013 |
31/08/2012 |
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Annual
Sales |
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380 |
360 |
284 |
253 |
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Recur.
Profit |
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15 |
4 |
8 |
4 |
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Net
Profit |
|
10 |
3 |
6 |
3 |
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Total
Assets |
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|
80 |
64 |
50 |
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Current
Assets |
|
|
73 |
56 |
44 |
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Current
Liabs |
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|
38 |
23 |
25 |
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Net
Worth |
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|
34 |
31 |
25 |
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Capital,
Paid-Up |
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|
20 |
20 |
20 |
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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 |
|
5.56 |
26.76 |
12.25 |
39.78 |
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Current Ratio |
|
.. |
192.11 |
243.48 |
176.00 |
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N.Worth Ratio |
|
.. |
42.50 |
48.44 |
50.00 |
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R.Profit/Sales |
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3.95 |
1.11 |
2.82 |
1.58 |
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N.Profit/Sales |
|
2.63 |
0.83 |
2.11 |
1.19 |
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Return On Equity |
|
.. |
8.82 |
19.35 |
12.00 |
Notes:
Forecast figures (or estimated) for the 31/08/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.35 |
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|
1 |
Rs.100.28 |
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Euro |
1 |
Rs.71.30 |
INFORMATION DETAILS
|
Analysis Done by
: |
AMR |
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Report Prepared
by : |
ASH |
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 |
-- |
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.