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Report No. : |
342809 |
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Report Date : |
29.09.2015 |
IDENTIFICATION DETAILS
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Name : |
MAIDO CORPORATION |
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Registered Office : |
8-3-10 Isogamidori Chuoku Kobe 651-0086 |
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Country : |
Japan |
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Financials (as on) : |
30.11.2014 |
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Date of Incorporation : |
December, 2003 |
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Com. Reg. No.: |
1400-01-023216 |
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Legal Form : |
Limited Company |
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Line of Business : |
Exporter of industrial chemicals, rubber chemicals, pigments, textiles, electronic products, optical goods, feed, pharmaceuticals, reagents. |
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No. of Employees : |
6 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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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 second-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 |
MAIDO CORPORATION
REGD NAME: KK
Maido
MAIN OFFICE: 8-3-10
Isogamidori Chuoku Kobe 651-0086 JAPAN
Tel: 078-200-3520
Fax: 078-200-3521
Mail-Address: sales@maidocorp.jp
Export
of industrial chemicals
Nil
KAZUHIRO
TAKASHIMA, PRES
Akiko
Tatekawa, dir
Hitoaki
Sasaki, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 1,570 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
10 M
TREND UP WORTH Yen 101 M
STARTED 2003 EMPLOYES 6
TRADING FIRM SPECIALIZING IN INDUSTRIAL CHEMICALS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject
company was established by father of Kazuhiro Takashima in order to make most
of his experience in the subject line of business. Kazuhiro Takashima took the pres office in
Aug 2011. This is a trading firm for
export of industrial chemicals, rubber chemicals, other. Exports to USA,
Europe, Oceania, S/E Asia, other. Goods
are supplied from major chemical mfrs.
Financials
are only partially disclosed.
The
sales volume for Nov/2014 fiscal term amounted to Yen 1,570 million, a shade up
from Yen 1,560 million in the previous term.
The net profit was posted at Yen 7 million, compared with Yen 6 million
a year ago.
For
the current term ending Nov 2015 the net profit is projected at Yen 9 million,
on a 5% rise in turnover, to Yen 1,650 million.
The financial situation is considered FAIR and good for
ORDINARY business engagements.
Date
Registered: Dec 2003
Regd
No.: 1400-01-023216 (Kobe-Chuoku)
Legal
Status: Limited Company (Kabushiki Kaisha)
Authorized:
800 shares
Issued:
200 shares
Sum:
Yen 10 million
Major shareholders (%): Kazuhiro Takahashi (60), Akiko Tatekawa
(40)
No.
of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
Activities:
Exports industrial chemicals, rubber chemicals, pigments, textiles, electronic
products, optical goods, feed, pharmaceuticals, reagents, other (--100%)
Clients:
[Mfrs, wholesalers] Exports to USA, Europe, Oceania, S/E Asia, other
No. of accounts: Unavailable
Domestic areas of activities:
Centered in greater-Osaka
Suppliers:
[Mfrs, wholesalers] Mitsubishi Chemical, Mitsui Chemical, Daicel Chemical Ind,
Sanyo Chemical Ind, Asahi Electric Ind, other
Payment record: No Complaints
Location:
Business area in Kobe. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
SMBC
(Kobe)
Minato
Bank (H/O)
Relations:
Satisfactory
(In Million Yen)
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Terms
Ending: |
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30/11/2015 |
30/11/2014 |
30/11/2013 |
30/11/2012 |
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Annual
Sales |
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1,650 |
1,570 |
1,560 |
1,550 |
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Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
9 |
7 |
6 |
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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|
101 |
94 |
88 |
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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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5.10 |
0.64 |
0.65 |
0.00 |
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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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0.55 |
0.45 |
0.38 |
0.32 |
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 30/11/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.08 |
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|
1 |
Rs.100.32 |
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Euro |
1 |
Rs.73.81 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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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.