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MIRA INFORM REPORT
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Report No. : |
510095 |
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Report Date : |
18.05.2018 |
IDENTIFICATION DETAILS
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Name : |
ANRI MACHINERY CO LTD |
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Registered Office : |
2-7-22 Fukaeminmi Higashinariku Osaka 537-0002 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2017 |
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Date of Incorporation : |
July 1977 |
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Com. Reg. No.: |
1200-01-011613 |
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Legal Form : |
Limited Company |
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Line of Business : |
A trading firm for import, export and wholesale of used/old printing machines, other |
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No. of Employees : |
4 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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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
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Country Name |
Previous
Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 2017 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 first country to ratify the TPP in December 2016; the
United States signaled its withdrawal from the TPP in January 2017, and in
November 2017 the remaining 11 countries agreed on the core elements of a
modified agreement, which they renamed the Comprehensive and Progressive
Agreement for Trans-Pacific Partnership (CPTPP).
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Source
: CIA |
Company
name & address
ANRI MACHINERY CO LTD
REGD NAME: Anri
Machinery KK
MAIN OFFICE: 2-7-22
Fukaeminmi Higashinariku Osaka 537-0002 JAPAN
Tel:
06-6975-0703 Fax: 06-6973-3256
E-Mail address: anri@anri.co.jp
ACTIVITIES: Import,
export, wholesale of printing machines, other
BRANCHES: Nil
OVERSEAS: Hong
Kong, Malaysia, Philippines, Thailand, Vietnam, India, France, Indonesia, China, USA, Canada (--business partners)
OFFICERS: SHIN’ICHI
NONOSHITA, PRES
Zunsaburo
Nonoshita, ch
Yoko
Nonoshita, dir
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 621 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
10 M
TREND STEADY WORTH
Yen 68 M
STARTED 1977 EMPLOYES 4
COMMENT: TRADING FIRM SPECIALIZING IN PRINTING MACHINES, OTHER.
FINANCIAL SITUATION CONSIDERED RWEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject company is a trading firm for import, export and wholesale of printing machinery (used 6 old), other, owned & operated by the Nonoshita families. Goods are exported to USA, Canada, Asia, other (See Clients).
FINANCIAL
INFORMATION
Financials are disclosed only partially.
The sales volume for Dec/2017 fiscal term amounted to Yen 621 million, a 31% up from Yen 474 million in the previous term. The net profit was posted at Yen10 million, compared with Yen 37 million net losses a year ago.
For the current term ending Dec 2018 the net profit is projected at Yen 15 million, on a 3% rise in turnover, to Yen 640 million.
The financial situation is considered R//WEAK but should be good for MODERATE business engagements.
REGISTRATION
Date Registered: Jul 1977
Regd No.:
1200-01-011613
(Osaka-Higashinariku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 80,000
shares
Issued: 20,000
shares
Sum: Yen
10 million
Major
shareholders (%): Shin’ichi Nonoshita
(75), Jepic Co (25)
No.
of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: A trading firm for import, export and wholesale of used/old printing machines, other (--100)
Clients: [Mfrs, wholesalers] Exports to Hong Kong, Malaysia, Philippines, Thailand, Vietnam, India, France, Indonesia, China, USA, Canada, other
No. of accounts: Unavailable
Domestic areas of activities: Centered in Osaka
Suppliers: [Mfrs, wholesalers] Jepic Co (70%), other machinery makers (30%), other
Payment record: No Complaints
Location: Business area in Osaka. Office premises at the caption address are leased and maintained satisfactory.
Bank References:
MUFG (Imazato)
Nanto Bank
(Osaka-Higashi)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/12/2018 |
31/12/2017 |
31/12/2016 |
31/12/2015 |
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Annual
Sales |
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640 |
621 |
474 |
461 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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15 |
10 |
37 |
-30 |
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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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68 |
58 |
21 |
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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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3.06 |
31.01 |
2.82 |
20.68 |
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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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2.34 |
1.61 |
7.81 |
-6.51 |
Notes:
Financials are
only partially disclosed.
Forecast (or
estimated) figures for the 31/12/2018 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.72 |
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1 |
INR 91.65 |
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Euro |
1 |
INR 79.89 |
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YEN |
1 |
INR 0.61 |
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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NIS |
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Report Prepared
by : |
TRU |
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:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
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.