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Report No. : |
335268 |
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Report Date : |
04.09.2015 |
IDENTIFICATION DETAILS
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Name : |
ALPHASYSTEM JAPAN CO LTD |
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Registered Office : |
Rumon Nakatsu 807, 1-17-17 Nakatsu Kitaku Osaka 531-0071 |
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Country : |
Japan |
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Financials (as on) : |
30.11.2014 |
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Date of Incorporation : |
December
1990 |
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Com. Reg. No.: |
1200-01-060508 |
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Legal Form : |
Limited Company |
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Line of Business : |
Imports, exports and wholesales packaging
belts & tapes |
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No. of Employees : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet
normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
YEN 3.6 Million |
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Status : |
Satisfactory |
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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 |
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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 |
ALPHASYSTEM
JAPAN CO LTD
REGD
NAME: KK Alpha System Japan
MAIN
OFFICE: Rumon
Nakatsu 807, 1-17-17 Nakatsu Kitaku Osaka 531-0071 JAPAN
Tel:
06-6377-2778 Fax: 06-6377-1144
URL: N/A
ACTIVITIES: Import, export, wholesale of package belts
& tapes, other
BRANCHES: Nil
OFFICERS: JUNJI TAKEDA, PRES Itsuko Takeda, dir
Shingo
Takeda, dir Yuji
Takeda, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY: FINANCES FAIR A/SALES Yen 195 M
PAYMENTS NO COMPLAINTS CAPITAL Yen 10 M
TREND UP WORTH Yen 235 M
STARTED 1990 EMPLOYES 5
COMMENT: TRADING FIRM SPECIALIZING PACKAGING BELTS
& TAPES.
FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS
ENGAGEMENTS.
MAX
CREDIT LIMIT: ESTIMATED AT YEN 3.6 MILLION, ON 30 DAYS NORMAL TERMS.
The subject company was established by Junji
Takeda in order to make most of his experience in the subject line of
business. This is a family-based trading
firm for import, export and wholesale of packaging belts & tapes,
other. Goods are imported from Europe
centrally, and exported to Asian countries.
Clients include warehouses, transportation firms, other.
Financials are disclosed only partially. Profits are not precisely disclosed and only
estimated from the past.
The sales volume for Nov/2014 fiscal term
amounted to Yen 195 million, a 1% up from Yen 193 million in the previous
term. The net profit is estimated posted
at Yen 16million, compared with Yen 15 million a year ago.
For the current term ending Nov 2015 the net
profit is projected at Yen 18 million, on a 3% rise in turnover, to Yen 200
million. The weaker Yen may raise
earnings in Yen terms.
The financial situation is considered FAIR and
good for ORDINARY business engagements.
Max credit limit is estimated at Yen 3.6 million, on 30 days normal
terms. . Max
credit limit is estimated at Yen 3.6 million, on 30 days normal terms.
Date Registered: Dec
1990
Regd No.:
1200-01-060508 (Osaka-Kitaku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800
shares
Issued: 200
shares
Sum: Yen
10 million
Major shareholders (%): Junji
Takeda (100)
Nothing detrimental is known as to the commercial
morality of executives.
Activities:
Imports, exports and wholesales packaging belts & tapes, other (--100%)
Clients:
[Mfrs, wholesalers] Waterman Co, Nippon Express, Mitsubishi Warehouse, Sumitomo
Warehouse, Nittsu Shoji Co, Kobelco Logistics, Hitachi Transport System,
other. Exports to Hong Kong, Korea,
Germany, other
No. of accounts: 300 (domestic only)
Domestic areas of activities: Nationwide
Suppliers:
[Mfrs, wholesalers] Imports from Germany, France, other European countries
Payment
record: No
Complaints
Location:
Business area in Osaka. Office premises
at the caption address are leased and maintained satisfactory.
Bank
References:
MUFG
(Hankyu-Umeda-Kita)
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
|
30/11/2015 |
30/11/2014 |
30/11/2013 |
30/11/2012 |
|
Annual
Sales |
|
200 |
195 |
193 |
189 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
18 |
16 |
15 |
13 |
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Total
Assets |
|
|
N/A |
N/A |
N/A |
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Net Worth |
|
|
235 |
219 |
204 |
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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> |
|
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
|
2.56 |
1.04 |
2.12 |
7.39 |
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Current Ratio |
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|
.. |
.. |
.. |
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N.Worth Ratio |
|
|
.. |
.. |
.. |
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N.Profit/Sales |
|
9.00 |
8.21 |
7.77 |
6.88 |
Notes: Financials are only partially
disclosed. Profits are not precisely disclosed
and are only estimated from the past.
Forecast (or estimated) figures for the
30/11/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.66.23 |
|
UK Pound |
1 |
Rs.101.22 |
|
Euro |
1 |
Rs.74.33 |
INFORMATION DETAILS
|
Analysis
Done by : |
TRI |
|
|
|
|
Report
Prepared by : |
TRU |
RATING EXPLANATIONS
|
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.