MIRA INFORM REPORT

Report No. :	509846
Report Date :	19.05.2018

IDENTIFICATION DETAILS

Name :	ENGLISH FARM SHOP

Registered Office :	1065-5 Hasunuma I, Sanmu-shi, Chiba 2891801

Country :	Japan

Date of Incorporation :	May 2018

Legal Form :	Sole-proprietorship

Line of Business :	Trader of Consumer Products

No. of Employees :	2

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
NB	New Business	No recommendation can be done due to business in infancy stage

Status :	New Business

Payment Behaviour :	Unknown

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

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Japan

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
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 - averaging 10% 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 resulted in several years of economic stagnation as firms sought 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 since 2013, supported by 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 need to address 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 a sharp contraction, so Prime Minister ABE has twice postponed the next increase, which is 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.

Under the Abe Administration, Japan’s government sought to open the country’s economy to greater foreign competition and create new export opportunities for Japanese businesses, including by joining 11 trading partners in the Trans-Pacific Partnership (TPP). Japan became the first country to ratify the TPP in December 2016, but the United States signaled its withdrawal from the agreement in January 2017. 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). Japan also reached agreement with the European Union on an Economic Partnership Agreement in July 2017, and is likely seek to ratify both agreements in the Diet this year.

Source : CIA

Company name

ENGLISH FARM SHOP

Company Details

Country	:	Japan
Business Entity Name	:	ENGLISH FARM SHOP
Name in Local Language	:	None
Operating Address	:	1065-5 Hasunuma I, Sanmu-shi, Chiba 2891801
Primary Business Activity	:	Trader
Primary Industry	:	Consumer Products

Key Facts

License Number	:	Not Applicable⁽¹⁾
Legal Form - Category	:	Sole-proprietorship
Legal Form - Full Name	:	Not Applicable
Legal Form - Abbreviation	:	Not Applicable
License Status	:	Not Applicable - No tax number required.
Operational Status of Business	:	Normal
Employees	:	2
Capital	:	n/a ⁽²⁾

Note:

⁽¹⁾ Not applicable.
According to local corporate statutory laws, as a sole proprietorship, there is no legal requirement for such business entities to:

Lodge registration with statutory authorities, nor

Apply for any form of Tax number

⁽²⁾ Not applicable.
Based on the current corporate laws of Japan there is no longer a requirement for Authorized Capital.

Adverse Data

Results

Total of 0 record found.

Ownership & Key Person

Due to the Legal Form being a Sole-Proprietorship, there is no legal requirement for shareholders, and therefore ownership of the Subject Business Entity ("SBE") is controlled by the following single person:

Legal Title	:	Proprietor / Owner
Name	:	Ms. Yuri Leadbetter
Nationality	:	Japanese

Primary Products

Products / Materials / Services Description	Activity
Consumer products	Importing, Trading
Foods	Importing, Trading
Home accessories	Importing, Trading
Kitchen goods	Importing, Trading

Fullcheck Report Details

Country	:	Japan
Business Entity Name	:	ENGLISH FARM SHOP
Primary Business Activity	:	Trader
Primary Industry	:	Consumer Products
Office Contact Details
Operating Address	:	1065-5 Hasunuma I, Sanmu-shi, Chiba 2891801
Mobile ⁽¹⁾	:	[+81]-8098113985

Note:

⁽¹⁾ There exists no known land telephone line that is being used by the Subject Business Entity (SBE) in connection to their business, which is uncommon in normal / regular businesses. The SBE ONLY operates using a Mobile phone as the primary point of contact.
In such scenarios, there is no ability to legally associate any relationship between the SBE and the person/s answering the mobile phone.
Caution is advised.

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Durable Goods, NEC	5099	Importing, Trading
Food products, nspf	2099	Importing, Trading
Homefurnishings	5023	Importing, Trading
Whiteware table & kitchen goods	3263	Importing, Trading

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Food preparations	2106	Importing, Trading
Household articles & parts thereof, of iron or steel or steel wool etc.	7323	Importing, Trading
Household furniture of other materials	9403806040	Importing, Trading
Kitchen ware of stainless steel, and parts	7323930060	Importing, Trading

DOMESTIC SALES & PURCHASES

Annual Sales Analysis	Percentage
Domestic Sales	70%
International Sales (Export)	30%

$Description: \\vivek-pc\E\ENGLISH FARM SHOP_files\Domestic_Sales_70.png$

Annual Purchases Analysis	Percentage
Local Purchases	60%
Imports	40%

$Description: \\vivek-pc\E\ENGLISH FARM SHOP_files\Domestic_Sales_60.png$

COMPANY MANAGEMENT

Management Listings

	Name	Nationality	Job Description	Dept. / Division
1	Mr. Philip Leadbetter	British	Operations Assistant	-
2	Ms. Yuri Leadbetter	Japanese	Operator	-

Management Details - 1

Personal Unique Identifier	:	MI04438872
Name	:	Mr. Philip Leadbetter

Management Details - 2

Personal Unique Identifier	:	MI04438871
Name	:	Ms. Yuri Leadbetter

FINANCIAL STATEMENT - DETAILED

Based on the corporate laws of Japan, legal entities which are a Sole-proprietorship are not required to make public disclosure of their annual financials. Therefore no financials are available for this entity.

REPUTATION

Due to the fact ENGLISH FARM SHOP is a sole-proprietorship, it has not been possible to identify any form of existing reputation within the respective industry sector.

NEGA-SCAN - ADVERSE DATA MONITORING

DISHONORED CHECKS

No Record Found