MIRA INFORM REPORT
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Report Date : |
10.08.2011 |
IDENTIFICATION DETAILS
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Name : |
O’WILL CORPORATION |
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Registered Office : |
Aoyama Bldg 12F, 1-2-3 Kita-Aoyama
Minatoku Tokyo 107-0061 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
July 1986 |
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Com. Reg. No.: |
(Tokyo-Minatoku) 083638 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, Export, Wholesale of foods, pharmaceuticals, chemical
equipment |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Regular |
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Litigation : |
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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 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 |
Company name
O’WILL CORPORATION
REGD NAME
O Will KK
MAIN OFFICE
Aoyama Bldg 12F,
1-2-3 Kita-Aoyama Minatoku Tokyo 107-0061 JAPAN
Tel: 03-5772-4488-
URL: http://www.owill.co.jp
E-Mail address: inquiry@owill.co.jp
ACTIVITIES
Import,
export, wholesale of foods, pharmaceuticals, chemical equipment
BRANCHES
Nil
OVERSEAS
Seattle,
Shanghai
CHIEF EXEC
HIDEKI
OGUCHI, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 25,381 M
PAYMENTS REGULAR CAPITAL Yen
363 M
TREND STEADY WORTH Yen 1,433 M
STARTED 1986 EMPLOYES 89
COMMENT
TRADING FIRM SPECIALIZING IN FOODS & CHEMICALS
FINANCIAL SITUATION COSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
Forecast figures for the 31/03/2012
fiscal term.
HIGHLIGHTS
The subject company was established by Hideki Oguchi in order to make
most of his experience in the subject line of business. This is a trading firm for import, export and
wholesale of food, dairy products, fruits & vegetables, teas, coffee,
packaging materials, fine chemicals, other.
Goods are imported from Germany, France, UK, Indonesia, Brazil, USA,
other. Also export them. In Nov 2008, the firm was listed on the
JASDAQ. Clients include major food
processors nationwide.
FINANCIAL INFORMATION
The sales volume for Mar/2011 fiscal term amounted to Yen 25,381
million, a 3% up from Yen 24,529 million in the previous term. This is attributed to new products imported
added to the expansion of clientele networks nationwide. Also, the newly acquired subsidiary,
ice-cream maker, contributed to the sales growth. The recurring profit was posted at Yen 278
million and the net profit at Yen 181 million, respectively, compared with Yen
297 million recurring profit and Yen 143 million net profit, respectively, a
year ago.
For the current term ending Mar 2012 the recurring profit is projected
at Yen 300 million and the net profit at Yen 160 million, on a 9% rise in
turnover, to Yen 27,650 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
REGISTRATION
Date Registered: Jul 1986
Regd No.: (Tokyo-Minatoku) 083638
Legal Status:
Limited Company (Kabushiki Kaisha
Authorized: 12 million shares
Issued: 3,150,000 shares
Sum: Yen 363 million
Major
shareholders (%): Hideki Oguchi (39.6), Green Core Ltd (9.5), Employees’
S/Holding Assn (5.0), Ito En (2,8), Toshihide Aogaki (1.6), Kaga Electronics
(1.3), Jun’ichi Yamaguchi (1.1), Yahoko Oguchi (1.1), Shigemasa Jinno (1.0),
MUFG (0.9); foreign owners (0.0)
No. of shareholders:
1,280
Listed on the S/Exchange (s) of:
JASDAQ
Managements: Hideki Oguchi,
pres; Toshihide Aogaki, s/mgn dir; Shigemasa Jinno, mgn dir; Keisuke Awano, mgn
dir; Motomu Sato, dir; Kazuki Date, dir
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Imports, exports
and wholesales foods, such as sugar, milk, cream, butter, cheese, ice cream,
fruits juice, fresh/frozen fruits & vegetables, canned/bottled foods,
powder, spices, sauce, teas, coffee, frozen/chilled foods, food packaging &
wrapping materials, fine chemicals (lactic acid, liquefied carbonic acid gas,
skin absorptive agents, other (96%); others (4%).
Clients: [Food
processors] Ito En Ltd, Hotel Foods, Suntory Ltd, Nihon Canpack, Asahi Soft
Drinks, Gold Pack, Ryohin Keikaku, Delmont Japan, Kirin Beverages, other
No. of accounts: 800
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] DIC, Chiyoda Container, Crown Package, Asahi Pulp & Paper,
other.
Also imports from Germany, France, UK,
Indonesia, Brazil, USA, other.
Payment record: Regular
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Ebisu)
Mizuho
Bank (Shinjuku-Nishiguchi)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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FINANCES: (Consolidated
in million yen) |
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Terms Ending: |
31/03/2011 |
31/03/2010 |
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INCOME STATEMENT |
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Annual Sales |
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25,381 |
24,529 |
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Cost of Sales |
23,453 |
22,710 |
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GROSS PROFIT |
1,928 |
1,818 |
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Selling & Adm Costs |
1,648 |
1,534 |
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OPERATING PROFIT |
279 |
284 |
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Non-Operating P/L |
-1 |
13 |
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RECURRING PROFIT |
278 |
297 |
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NET PROFIT |
181 |
143 |
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BALANCE SHEET |
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Cash |
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657 |
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Receivables |
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1,853 |
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Inventory |
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914 |
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Securities, Marketable |
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Other Current Assets |
1,356 |
4,802 |
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TOTAL CURRENT ASSETS |
4,780 |
4,802 |
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Property & Equipment |
331 |
137 |
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Intangibles |
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15 |
23 |
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Investments, Other Fixed Assets |
463 |
597 |
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TOTAL ASSETS |
5,589 |
5,559 |
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Payables |
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2,980 |
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Short-Term Bank Loans |
52 |
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Other Current Liabs |
897 |
4,196 |
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TOTAL CURRENT LIABS |
3,929 |
4,196 |
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Debentures |
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Long-Term Bank Loans |
155 |
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Reserve for Retirement Allw |
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Other Debts |
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71 |
72 |
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TOTAL LIABILITIES |
4,155 |
4,268 |
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MINORITY INTERESTS |
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Common
stock |
363 |
363 |
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Additional
paid-in capital |
288 |
288 |
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Retained
earnings |
747 |
660 |
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Evaluation
p/l on investments/securities |
(30) |
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Others |
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66 |
(21) |
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Treasury
stock, at cost |
(1) |
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TOTAL S/HOLDERS` EQUITY |
1,433 |
1,290 |
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TOTAL EQUITIES |
5,589 |
5,559 |
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CONSOLIDATED CASH FLOWS |
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Terms ending: |
31/03/2011 |
31/03/2010 |
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Cash Flows
from Operating Activities |
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458 |
506 |
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Cash
Flows from Investment Activities |
50 |
-179 |
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Cash
Flows from Financing Activities |
-498 |
123 |
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Cash,
Bank Deposits at the Term End |
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657 |
638 |
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ANALYTICAL RATIOS Terms ending: |
31/03/2011 |
31/03/2010 |
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Net
Worth (S/Holders' Equity) |
1,433 |
1,290 |
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Current
Ratio (%) |
121.66 |
114.44 |
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Net
Worth Ratio (%) |
25.64 |
23.21 |
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Recurring
Profit Ratio (%) |
1.10 |
1.21 |
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Net
Profit Ratio (%) |
0.71 |
0.58 |
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Return
On Equity (%) |
12.63 |
11.09 |
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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 |
Rs.45.17 |
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UK Pound |
1 |
Rs.73.72 |
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Euro |
1 |
Rs.64.26 |
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.