MIRA INFORM REPORT
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Report Date : |
18.08.2011 |
IDENTIFICATION DETAILS
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Name : |
COCA-COLA BUSINESS SERVICES CO LTD |
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Registered Office : |
Roppongi Hills North Tower, 6-2-31 Roppongi Minatoku Tokyo 106-0032 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
June
1999 |
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Com. Reg. No.: |
(Tokyo-Minatoku)
038096 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of PET bottles, aluminum cans; business
consultant |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
Yen 377.5 Million |
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Status : |
Poor |
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Payment
Behaviour : |
Unknown |
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Litigation : |
---- |
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
COCA-COLA BUSINESS SERVICES CO LTD
REGD NAME
Coca-Cola Business
Services KK
MAIN OFFICE
Roppongi Hills North
Tower, 6-2-31 Roppongi Minatoku Tokyo 106-0032 JAPAN
Tel:
03-5410-4926 Fax: 03-5410-4332
URL: www.ccibs.co.jp
E-mail: (thru the URL)
ACTIVITIES
Import,
wholesale of PET bottles, aluminum cans; business consultant
BRANCHES
Nil
FACTORIES
(subcontracted
– subsidiary)
OFFICER(S)
SHUN’ICHI
NASU, PRES Masayoshi Fuse, rep
dir
Tamio
Yoshida, dir Masayoshi
Shiina, dir
Kenzo
Takahashi, dir Yoshihiro
Mishima, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 197,934 M
PAYMENTS REGULAR CAPITAL Yen 34 M
TREND STEADY WORTH Yen (-) 789 M
STARTED 1999 EMPLOYES 67
COMMENT
SUPPLIER
OF PET BOTTLES, ALUMINUM CANS TO COCA-COLA GROUP BOTTLERS.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE
GOOD FOR CREDIT ENGAGEMENTS: US$5,000,000 / O/A 90 DAYS
MAX
CREDIT LIMIT: YEN 377.5 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Coca-Cola Japan as its group consultant and supplier of bottles, cans, other to group 12 bottlers. In Jan 2009 merged in the supply/material procurement operations from Coca-Cola National Beverage Co Ltd and the operations/revenues expanded. It supplies PET bottles, aluminum cans, other necessities to group bottlers. Offers business consultancy to group firms, too.
FINANCIAL INFORMATION
The sales volume for Dec/2010 fiscal term amounted to Yen 197,934 million, a 12% up from Yen 176,383 million in the previous term. Due to the heavy costs/expenses from the said transfer, the operations continued in the red to register Yen 565 million recurring loss and Yen 328 million net losses, respectively, compared with Yen 314 million recurring loss and Yen 185 million net losses, respectively, a year ago.
For the current term ending Dec 2011 the operations are projected to come back to prosperity to post Yen 300 recurring profit and Yen 300 million net profits, respectively, on a 5% rise in turnover, to Yen 207,000 million.
The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 377.5 million, on 30 days normal terms. The proposed amount for 90 days terms is considered well within the firm’s financial capacities.
REGISTRATION
Date Registered: Jun 1999
Regd No.: (Tokyo-Minatoku) 038096
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 2,720
shares
Issued: 680
shares
Sum: Yen 34.8 million
Major shareholders (%):
Coca-Cola Japan (15), Coca-Cola West (15), Coca-Cola Central Japan, other
No. of shareholders: 15
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures (subcontracted to group firms) and supplies PET bottles, aluminum cans, other (--100%).
Clients: [Group firms] Coca-Cola West Holdings, Coca-Cola Central Japan, Coca-Cola Tokyo Bottling, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Daiwa Cans, Toyo Can Mfg, Mitsui & Co, IBM Japan, Fujitsu Ltd, NTT Data, other..
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
· City Bank (H/O)
· MUFG (Shibuya-Meijidori)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
31/12/2008 |
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Annual
Sales |
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207,000 |
197,934 |
176,383 |
2,000 |
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Recur.
Profit |
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300 |
-565 |
-314 |
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Net
Profit |
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300 |
-328 |
-185 |
-171 |
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Total
Assets |
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25,237 |
24,956 |
4,697 |
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Current
Assets |
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17,785 |
17,146 |
1,434 |
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Current
Liabs |
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19,054 |
18,278 |
1,356 |
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Net
Worth |
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-789 |
-248 |
-112 |
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Capital,
Paid-Up |
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34 |
34 |
34 |
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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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S.Growth Rate |
4.58 |
12.22 |
8,719.15 |
170.27 |
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Current Ratio |
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.. |
93.34 |
93.81 |
105.75 |
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N.Worth Ratio |
.. |
-3.13 |
-0.99 |
-2.38 |
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R.Profit/Sales |
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0.14 |
-0.29 |
-0.18 |
.. |
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N.Profit/Sales |
0.14 |
-0.17 |
-0.10 |
-8.55 |
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Notes:
Forecast (or estimated) figures for the 31/12/2011 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.37 |
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UK Pound |
1 |
Rs.74.56 |
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Euro |
1 |
Rs.65.34 |
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.