MIRA INFORM REPORT
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Report No. : |
340959 |
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Report Date : |
14.09.2015 |
IDENTIFICATION DETAILS
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Name : |
GRACE CUE CO LTD |
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Registered Office : |
1-142-4 Koyo Higashi-Ku, Niigata-Shi, Niigata 9500011 |
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Country : |
Japan |
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Financials (as on) : |
Oct., 2014 |
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Date of Incorporation : |
21.06.1993 |
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Legal Form : |
Company Limited |
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Line of Business : |
Trader of Garments & Accessories. |
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No. of Employees : |
7 |
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 : |
USD $20,000 |
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Status : |
Moderate |
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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 |
Company Name
GRACE CUE CO LTD
Company
Details
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Country |
: |
Japan |
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Business Entity Name |
: |
GRACE CUE CO LTD (1) |
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Name in Local Language |
: |
有限会社 グレース・キュー |
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Operating Address |
: |
1-142-4 Koyo Higashi-ku, Niigata-shi, Niigata 9500011 |
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Tel |
: |
[+81] 25-2757998 |
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Fax |
: |
[+81] 25-2757998 |
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Primary Business Activity |
: |
Trader |
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Primary Industry |
: |
Garments & Accessories |
Key
Facts
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Registered Legal Address |
: |
1-142-4 Koyo Higashi-ku, Niigata-shi, Niigata 9500011 |
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License Number |
: |
1100-02-012267 |
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Date of Registration |
: |
21 Jun, 1993 |
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Issuing Authority |
: |
Legal Affairs Bureau, Ministry of Justice - National |
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Legal Form - Category |
: |
Private Company with Limited Liability |
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Legal Form |
: |
Company Limited |
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Legal Form - Abbreviation |
: |
CO LTD |
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License Status |
: |
License exists - Normal. |
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Operational Status of Business |
: |
Normal |
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Employees |
: |
7 |
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Capital |
: |
n/a (2) |
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Note: |
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(1) Legal status of the English corporate name |
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(2) Not
applicable. |
Adverse
Data
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Results |
: |
Total of 0 record found. |
Financials
- Summary
(Currency: USD - US Dollar)
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Sales Trend - Analysis |
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Recommended
Credit Limit - Trade Finance
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Maximum Recommended Credit |
: |
USD $20,000 based on 90 days |
Key
Person
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Legal Title |
: |
Chairman |
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Name |
: |
Mr. Hajime Suzuki |
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Local Name |
: |
鈴木一 |
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Registered Address |
: |
1-142-4 Koyo Higashi-ku, Niigata-shi, Niigata 9500011 |
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Nationality |
: |
Japanese |
Primary
Products
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Products / Materials / Services Description |
Activity |
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Children's clothing |
Trading |
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Men's clothing |
Trading |
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Women's clothing |
Trading |
Commercial
Credit Inquiries
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Date of Inquiry |
Industry |
Credit Type |
Credit Amount |
Period |
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14 Sep, 2015 |
Professional Services |
MRC |
USD 20,000 |
90 days |
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Note: |
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* |
MRC |
: |
Max. Recommended Credit amount |
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** |
ISC |
: |
Inquirer Specified Credit amount |
Fullcheck
Report Details
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Country |
: |
Japan |
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Business Entity Name |
: |
GRACE CUE CO LTD |
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Primary Business Activity |
: |
Trader |
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Primary Industry |
: |
Garments & Accessories |
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Office Contact Details |
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Operating Address |
: |
1-142-4 Koyo Higashi-ku, Niigata-shi, Niigata 9500011 |
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Tel |
: |
[+81] 25-2757998 |
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Fax |
: |
[+81] 25-2757998 |
SIC PRODUCT
CLASSIFICATION & ACTIVITY
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HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY |
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DETAILED PRODUCT CLASSIFICATION & ACTIVITY |
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CORE BUSINESS DESCRIPTION |
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Core Business |
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The primary business focus of GRACE CUE CO LTD is Trading - General
products.
· Children's clothing · Men's clothing · Women's clothing |
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DOMESTIC SALES & PURCHASES |
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COMPANY
MANAGEMENT
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Management Listings |
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CAPITAL
(Currency: JPY -
Japanese Yen)
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FINANCIAL
STATEMENT - DETAILED
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REPUTATION
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Reference checking for the purpose of establishing GRACE CUE CO LTD's
reputation within the respective industry failed to reveal any adverse
information. |
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NEGA-SCAN - ADVERSE DATA MONITORING |
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PAYMENT TERMS |
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Selling |
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Purchasing |
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BANK DETAILS |
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LOCAL BRANCHES & MANAGEMENT |
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SHAREHOLDERS
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COMPANY
DIRECTORS
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DOMESTIC SUPPLIERS |
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OFFICE
& FACILITIES
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The following information relates to the
Business Entity's office as listed above: |
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PREVIOUS
CONTACT DETAILS
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.66.39 |
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1 |
Rs.102.59 |
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Euro |
1 |
Rs.74.90 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
NIT |
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.