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Report No. : |
349490 |
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Report Date : |
13.11.2015 |
IDENTIFICATION DETAILS
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Name : |
SF CO LTD |
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Registered Office : |
Fujikasai Kobe Bldg, 3-2-22 Onoedori Chuoku Kobe 651-0088 |
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Country : |
Japan |
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Financials (as on) : |
31.05.2015 |
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Date of Incorporation : |
January 1971 |
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Com. Reg. No.: |
1400-01-006427 (Kobe-Chuoku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Subject is Import, wholesale
of security camera & systems. |
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No. of Employee : |
13 |
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 |
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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
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 first-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.
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Source
: CIA |
SF CO LTD
REGD NAME: KK
S. F.
MAIN OFFICE: Fujikasai
Kobe Bldg, 3-2-22 Onoedori Chuoku Kobe 651-0088 JAPAN
Tel: 078-252-0017
Fax: 078-252-0819
E-Mail
address: (thru the URL)
Import,
wholesale of security camera & systems
Tokyo
MASAHIRO
INOUE, PRES
Kimiko
Nishimura, dir
Toshiyuki
Nishimura, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 260 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
10 M
TREND STEADY WORTH Yen 163 M
STARTED 1971 EMPLOYES 13
TRADING FIRM SPECIALIZING
SECURITY CAMERA & SYSTEMS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The
subject company was established by father of Masahiro Inoue in order to make
most of his experience in the subject line of business. This is a trading firm for import and
wholesale of security cameras & systems.
Goods are imported mainly from Holland.
Clients include camera shops, electric mfrs, other
Financials are disclosed only partially.
The
sales volume for May/2015 fiscal term amounted to Yen 260 million, an 8% up
from Yen 240 million (as amended) in the previous term. The weaker Yen contributed to the sales
growth in Yen terms. The operations came
back to profitability to post Yen 14 million net profit, compared with Yen 11
million net losses a year ago.
For
the current term ending May 2016 the net profit is projected at Yen 15 million,
on a 6% rise in turnover, to Yen 275 million.
The
financial situation is considered FAIR and good for ORDINARY business
engagements. Demand for security-related
equipment & products is increasing.
Date Registered: Jan
1971
Regd No.: 1400-01-006427
(Kobe-Chuoku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 80,000 shares
Issued:
20,000 shares
Sum: Yen
10 million
Major shareholders (%): Masahiro Inoue & families (--100)
No. of shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and wholesales security
cameras & systems, other (--100%)
Clients: [Mfrs, wholesalers] Joshin Electric,,
Edion Corp, other to schools, business firms, public agencies, other
No. of
accounts: 300
Domestic
areas of activities: Centered in the greater-Osaka
Suppliers: [Mfrs, wholesalers] CBC Corp, Fuji
Electronics Ind, For-A Co, Tamron Co, Beijing LTSN Electronics, Itoki Corp, Nakamura
Co, other
Payment record: No
Complaints
Location:
Business area in Kobe. Office premises
at the caption address are leased and maintained satisfactory.
Bank References:
SMBC
(Sannomiya)
MUFG
(Kobe)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
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31/05/2016 |
31/05/2015 |
31/05/2014 |
31/05/2013 |
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Annual
Sales |
|
275 |
260 |
240 |
350 |
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Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
15 |
14 |
-11 |
5 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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|
163 |
149 |
160 |
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Capital,
Paid-Up |
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|
10 |
10 |
10 |
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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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(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
|
5.77 |
8.33 |
-31.43 |
-6.42 |
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Current Ratio |
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|
.. |
.. |
.. |
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N.Worth Ratio |
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|
.. |
.. |
.. |
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N.Profit/Sales |
|
5.45 |
5.38 |
-4.58 |
1.43 |
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/05/2016 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.35 |
|
|
1 |
Rs.100.28 |
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Euro |
1 |
Rs.71.30 |
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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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.