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Report No. : |
346830 |
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Report Date : |
23.10.2015 |
IDENTIFICATION DETAILS
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Name : |
SAVANT INC |
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Registered Office : |
Minami-Aoyama Izumi Bldg 1F, 5-4-3 Minami-Aoyama Minatoku Tokyo 107-0062 |
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Country : |
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Financials (as on) : |
31.08.2015 |
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Date of Incorporation : |
August 2006 |
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Com. Reg. No.: |
0104-01-064179 |
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Legal Form : |
Limited Company |
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Line of Business : |
Subject is engaged in Import, wholesale, retail of apparel, jewelry |
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No. of Employees : |
8 |
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 2.4 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
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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 |
SAVANT INC
KK Savant
Minami-Aoyama Izumi Bldg 1F, 5-4-3
Minami-Aoyama Minatoku Tokyo 107-0062 JAPAN
Tel: 03-5774-0853
URL: http://www.savant-inc.com
E-Mail address: info@savant-inc.com
Import, wholesale, retail of
apparel, jewelry
At the caption address
MOMOKO IKUTA, PRES
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 138 M
PAYMENTS SLOW BUT CORRECT CAPITAL Yen 10 M
TREND STEADY WORTH Yen 54 M
STARTED 2006 EMPLOYES 8
TRADING
FIRM SPECIALIZING IN APPAREL & JEWELRY.
FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: ESTIMATED AT
YEN 2.4 MILLION, 30 DAYS NORMAL TERMS. .
The subject company was established by
Momoko Ikuta in order to make most of her experience in the subject line of
business. This is a trading firm
specializing in import, wholesale and
retail of apparel, clothing accessories, jewelry, other. Operates a retail store at the caption
address.
Financials
are only partially disclosed. Profits
are not disclosed and only estimated.
The sales volume for Aug/2014 fiscal
term amounted to Yen 138 million, a 2% up from
Yen
135 million in the previous term. The net
profit is estimated posted at Yen 10 million, compared with Yen 9 million a
year ago.
For the term that ended Aug 2015 the
net profit was projected at Yen 10 million on a 3% rise in turnover, to Yen 142
million. Final results are yet to be
released.
The financial situation is
considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 2.4
million, on 30 days normal terms.
Date Registered: Aug
2006
Regd No: 0104-01-064179
(Tokyo-Minatoku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 10,000
shares
Issued: 200
shares
Sum: Yen
10 million
Major shareholders (%): Momoko Ikuta (100)
Nothing detrimental is known as
to her commercial morality.
Activities:
Imports, wholesales and retails clothing, clothing accessories, jewelry, other
(--100%)
Clients: [Mfrs, wholesalers] Consumers,
schools, business firms, clinic, other
No.
of accounts: 100
Domestic
areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Coronet Corp, Dual
& Co, Mitsubishi Corp, HP France, H3O,
other
Payment record: Slow But Correct
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Omotesando)
Relations:
Money deposits & transfers only
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Terms Ending: |
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31/08/2015 |
31/08/2014 |
31/08/2013 |
31/08/2012 |
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Annual Sales |
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142 |
138 |
135 |
125 |
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Recur. Profit |
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.. |
.. |
.. |
.. |
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Net Profit |
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10 |
10 |
9 |
8 |
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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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54 |
44 |
35 |
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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 |
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2.90 |
2.22 |
8.00 |
-2.34 |
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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 |
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7.04 |
7.25 |
6.67 |
6.40 |
Note: Financials are only
partially disclosed. Profits are only
estimated as not disclosed.
Forecast (or estimated) figures
for the 31/08/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.64.89 |
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1 |
Rs.100.39 |
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Euro |
1 |
Rs.73.52 |
INFORMATION DETAILS
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Analysis Done by
: |
KRN |
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Report Prepared
by : |
DPT |
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 |
-- |
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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.