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MIRA INFORM REPORT
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Report No. : |
483607 |
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Report Date : |
01.01.2018 |
IDENTIFICATION DETAILS
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Name : |
SARAN CORPORATION LTD |
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Registered Office : |
2Fl, 202 Touei Bldg 3-32-12 Ojima, Koto-ku, Tokyo 1360072 |
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Country : |
Japan |
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Financials (as on) : |
July 2016 |
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Date of Incorporation : |
29.08.2005 |
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Legal Form : |
Limited |
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Line of Business : |
Exporter of Machinery |
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No. of Employees : |
5 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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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
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Country Name |
Previous
Rating (30.06.2017) |
Current
Rating (30.09.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
JAPAN - ECONOMIC OVERVIEW
Over the past 70 years, government-industry cooperation, a strong work ethic, mastery of high technology, and a comparatively small defense allocation (slightly less than 1% of GDP) have helped Japan develop an advanced economy. Two notable characteristics of the post-World War II 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 have significantly eroded under the dual pressures of global competition and domestic demographic change.
Measured on a purchasing power parity basis that adjusts for price differences, Japan in 2016 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. For three postwar decades, overall real economic growth was impressive - a 10% average in the 1960s, 5% in the 1970s, and 4% in the 1980s. Growth slowed markedly in the 1990s, averaging just 1.7%, largely because of the aftereffects of inefficient investment and the collapse of an asset price bubble in the late 1980s, which entailed considerable 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.
Japan enjoyed an 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. Led by the Bank of Japan’s aggressive monetary easing, Japan is making modest progress in ending deflation, but demographic decline – a low birthrate and an aging, shrinking population – poses a major long-term challenge for the economy. The government currently faces the quandary of balancing its efforts to stimulate growth and institute economic reforms with the necessity of addressing its sizable public debt, which stands at 235% of GDP. To help raise government revenue, Japan adopted legislation in 2012 to gradually raise the consumption tax rate. However, the first such increase, in April 2014, led to another recession, so Prime Minister ABE has twice postponed the next increase, now scheduled for October 2019. Structural reforms to unlock productivity are seen as central to strengthening the economy in the long-run.
Scarce in critical natural resources, Japan has long been
dependent on imported energy and raw materials. After the complete shutdown of
Japan’s nuclear reactors following the earthquake and tsunami disaster in 2011,
Japan's industrial sector has become even more dependent than before on
imported fossil fuels. However, ABE’s government is seeking to restart nuclear
power plants that meet strict new safety standards and is emphasizing nuclear
energy’s importance as a base-load electricity source. In August 2015, Japan
successfully restarted one nuclear reactor at the Sendai Nuclear Power Plant in
Kagoshima prefecture, and several other reactors around the country have since
resumed operations; however, opposition from local governments has delayed
several more restarts that remain pending. Reforms of the electricity and gas
sectors, including full liberalization of Japan’s energy market in April 2016
and gas market in April 2017, constitute an important part of Prime Minister
Abe’s economic program.
In October 2015, Japan and 11 trading partners reached agreement on the Trans-Pacific Partnership (TPP), a pact that had promised to open Japan's economy to increased foreign competition and create new export opportunities for Japanese businesses. Japan was the second country to ratify the TPP in December 2016; the United States signaled its withdrawal from the TPP on January 23, 2017, and as of April 2017 the agreement has not gone into effect.
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Source : CIA |
Company
Details
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Key
Facts
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Adverse
Data
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Financials
- Summary
(Currency: USD - US Dollar) |
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Key
Person
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Primary
Products
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Fullcheck
Report Details
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Country |
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Japan |
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Business Entity Name |
: |
SARAN CORPORATION LTD |
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Primary Business Activity |
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Exporter |
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Primary Industry |
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Machinery |
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Office Contact Details |
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Operating Address |
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2Fl, 202 Touei Bldg 3-32-12 Ojima, Koto-ku, Tokyo 1360072 |
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Tel |
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[+81] 3-58752548 |
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Mobile |
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[+81]-8043622548 |
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Fax |
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[+81] 3-58752549 |
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Email |
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saranco@sarancorporation.co.jp |
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Website Details |
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Website |
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Status |
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Normal - operational |
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Country of Registration |
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Japan |
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Ownership Type |
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Registered ownership by Subject Business Entity |
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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 SARAN CORPORATION LTD is Exporting
- Finished products. Agricultural machinery Construction machinery Forging Hammers Forging press equipment Machine tools Machinery Mining machinery Slope vibratory compactor Trucks |
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DOMESTIC SALES & PURCHASES |
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COMPANY
MANAGEMENT
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Management Listings |
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Management Details - 1 |
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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 SARAN CORPORATION
LTD's reputation within the respective industry failed to reveal any adverse
information. |
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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SHAREHOLDERS
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COMPANY
DIRECTORS
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INTERNATIONAL
TRADE - Activity & Markets
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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 |
INR 63.93 |
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1 |
INR 86.07 |
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Euro |
1 |
INR 76.39 |
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YEN |
1 |
INR 0.57 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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NIY |
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Report Prepared
by : |
SYL |
RATING EXPLANATIONS
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Credit
Rating |
Explanation |
Rating
Comments |
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A++ |
Minimum Risk |
Business dealings
permissible with minimum risk of default |
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A+ |
Low Risk |
Business dealings
permissible with low risk of default |
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A |
Acceptable Risk |
Business dealings
permissible with moderate risk of default |
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B |
Medium Risk |
Business dealings
permissible on a regular monitoring basis |
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C |
Medium High Risk |
Business dealings
permissible preferably on secured basis |
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D |
High Risk |
Business dealing not
recommended or on secured terms only |
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NB |
New Business |
No recommendation can
be done due to business in infancy stage |
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NT |
No Trace |
No recommendation can
be done as the business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
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Financial condition covering various ratios
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Company background and operations size
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Promoters / Management background
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Payment record
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Litigation against the subject
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Industry scenario / competitor analysis
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Supplier / Customer / Banker review (wherever
available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.