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Report No. : |
342818 |
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Report Date : |
28.09.2015 |
IDENTIFICATION DETAILS
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Name : |
LABROS INC |
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Registered Office : |
No.6 Azuma Bldg 7F, 2-7 Kanda-Sakumacho Chiyodaku Tokyo 101-0025 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2015 |
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Date of Incorporation : |
March 2000 |
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Com. Reg. No.: |
0100-01-067827 |
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Legal Form : |
Limited Company |
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Line of Business : |
Imports, exports and
wholesales (including some retailing): PC’s & peripherals, software,
lighting equipment, electronic equipment & parts, other (--100%) |
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No. of Employees : |
12 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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) |
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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 |
LABROS INC
REGD NAME: KK Labros
MAIN OFFICE: No.6 Azuma Bldg 7F, 2-7 Kanda-Sakumacho
Chiyodaku Tokyo 101-0025 JAPAN
Tel: 03-6858-8004
Fax: 03-6858-8006
URL: http://www.labros.co.jp
E-Mail
address: (thru the URL)
ACTIVITIES: Import, export, wholesale of PC’s &
peripherals, electronic equipment, PC software, lighting equipment, other
BRANCHES: Sotokanda (Shop)
OVERSEAS: China
FACTORIES: (subcontracted)
OFFICERS: KAZUO KANAYAMA, PRES
Hideki Sato, pres
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY:FINANCES WEAK A/SALES Yen 116 M
PAYMENTS SLOW CAPITAL Yen 89 M
TREND SLOW WORTH Yen (-) 49 M
STARTED 2000 EMPLOYES 12
TRADING FIRM SPECIALIZING IN
ELECTRONIC EQUIPMENT. FINANCIAL SITUATION CONSIDERED WEAK BUT SHOULD BE GOOD
FOR MODERATE BUSINESS ENGAGEMENTS. RECOMMEND FULLY SECURED TERMS ON NEW TRANSACTIONS.
NEGATIVE NET WORTH.
The subject company is a trading firm specializing in
electronic equipment: PC’s & peripherals, lighting equipment, PC software,
other. Goods are partially retailed at
own store. Clients include supermarkets,
communication equipment firms, other.
Financials are disclosed only partially.
The sales volume for Mar/2015 fiscal term amounted to Yen
116 million, a 14% down from
Yen 135 million in the previous term. The operations continued in the deficit to
post Yen 35 million net losses for the term, compared with Yen 3 million net
loss a year ago.
For the current term ending Mar 2016 the operations are
projected to come back to profitability but still limited to a minimum amount
post-taxes, on a 3% rise in turnover, to Yen 120 million.
The financial situation is considered WEAK but should be
good for MODERATE business engagements. The proposed amount is considered
unable to be fulfilled by the firm. Recommend
fully secured terms on new transactions.
Negative net worth.
Date Registered: Mar 2000
Regd No.: 0100-01-067827
(Tokyo-Chiyodaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 7,150 shares
Issued:
1,788 shares
Sum: Yen
89 million
Major shareholders (%): Kazuo
Kanayama (73), Art Media (7), Koshida Corp (5), Toyomura (3), other
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives
Activities: Imports, exports and wholesales
(including some retailing): PC’s & peripherals, software, lighting
equipment, electronic equipment & parts, other (--100%)
Clients: [Mfrs, wholesalers] Toshiba LE Trading
Inc, Ito-Yokado Co, SoftBank BB Inc, Fujitsu Kasei Ltd, Yodobashi Camera,
other
No. of accounts: 350
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs, wholesalers] Yoya LED Co Ltd,
Yokogawa Rental Lease, JA Mitsui Lease Assets, other
Payment record: Slow
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
SMBC
(Ueno)
MUFG (Kanda-Ekimae)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
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31/03/2016 |
31/03/2015 |
31/03/2014 |
31/03/2013 |
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Annual Sales |
|
120 |
116 |
135 |
118 |
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Recur. Profit |
|
.. |
.. |
.. |
.. |
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Net Profit |
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0 |
-35 |
-3 |
-20 |
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Total Assets |
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N/A |
N/A |
112 |
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Net Worth |
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-49 |
-14 |
-11 |
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Capital, Paid-Up |
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|
89 |
89 |
89 |
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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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3.45 |
-14.07 |
14.41 |
-78.19 |
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Current Ratio |
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|
.. |
.. |
.. |
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N.Worth Ratio |
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|
.. |
.. |
-9.82 |
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N.Profit/Sales |
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0.00 |
-30.17 |
-2.22 |
-16.95 |
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/03/2016 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.66.10 |
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UK Pound |
1 |
Rs.100.89 |
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Euro |
1 |
Rs.73.96 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
TRU |
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.