|
Report Date : |
09.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
JAPANA CO LTD |
|
|
|
|
Registered Office : |
Alpen Marunouchi Tower 5F, 2-9-40 Marunouchi Nakaku Nagoya 460-0002 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.06.2011 |
|
|
|
|
Date of Incorporation : |
January, 2003 |
|
|
|
|
Com. Reg. No.: |
052558 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Mfg of sporting goods: ski, golf, trekking, outdoor, leisure |
|
|
|
|
No. of Employees : |
158 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
JAPANA CO LTD
KK Japana
Alpen Marunouchi Tower 5F, 2-9-40 Marunouchi Nakaku Nagoya 460-0002
JAPAN
Tel: 052-559-0125
Fax: 052-229-9852
URL: http//:www.japana.co.jp
E-mail: info@japana.co.jp
Mfg of sporting goods: ski, golf, trekking, outdoor, leisure
Nil
Kanigun (Gifu-Pref)
YUKINORI AIMU, PRES Taizo
Mizuno, ch
Kazuo Murase, dir Yoshitaka Ishida, dir
Yen Amount: In million Yen,
unless otherwise stated
FINANCES FAIR A/SALES Yen
23,561 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
50 M
TREND UP WORTH Yen
6,943 M
STARTED 2003 EMPLOYES 158
MFR OF SPORTING GOODS, WHOLLY OWNED BY ALPEN CO LTD.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS
The subject company was established on the basis of sporting goods mfg
division separated from Alpen Co Ltd, top-ranked sporting goods retailer,
Nagoya (See REGISTRATION). Specializes in mfg sporting goods: ski, golf,
trekking, outdoor, leisure, other, branded as “JAPANA”. Goods are wholly shipped to the parent and
group firms.
Financials are consolidated by the parent, Alpen Co Ltd, and disclosed
in digested forms.
The sales volume for Jun/2011 fiscal term amounted to Yen 23,561
million, a 10% up from Yen 21,502 million in the previous term. Demand came back after being substantially
affected by the global economic downturn the previous year. The recurring profit was posted at Yen 1,845
million and the net profit at Yen 994 million, respectively, compared with Yen
1,664 million recurring profit and Yen 1,054 million net profit, respectively,
a year ago. .
For the term that ended Jun 2012 the recurring profit was projected at
Yen 1,950 million and the net profit at Yen 1,050 million, respectively, on a
5% rise in turnover, to Yen 24,700 million.
Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Jan 2003
Regd
No.: (Nagoya-Nakaku) 052558
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 4,000 shares
Issued: 1,000
shares
Sum:
Yen 50 million
Major shareholders
(%):
Alpen Co Ltd* (100)
*.. Top-ranked retailer of sports goods, at the caption address, listed
Tokyo S/E, capital Yen 15,163 million, sales Yen 189,805 million, operating
profit Yen 10,461 million, recurring profit Yen 11,261 million, net profit Yen
4,163 million, total assets Yen 156,984 million, net worth Yen 95,924 million,
employees 2,965, pres Taizo Mizuno
Consolidated Financials
are attached (See SUPPLEMENTS)
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Manufactures
sporting goods, branded as “JAPANA”: ski, golf, trekking, outdoor, leisure,
other (100%)
Clients: [Mfrs,
wholesalers] Alpen Co, Kismark Japan, other
No. of accounts: 100
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Itochu Corp, Marubeni Corp, Ichimura Co, Toray Ind, Foot Mark Co,
Moririn Co, Chuo Bussan Corp, other.
Imports from Korea, Italy, Taiwan, other.
Payment record: No Complaints
Location: Business area in
Nagoya. Office premises at the caption
address are owned by the parent, Alpen Co Ltd, and maintained satisfactorily.
Bank References:
SMBC (Nagoya-Sakae)
MUFG (Nagoya)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
30/06/2012 |
30/06/2011 |
30/06/2010 |
30/06/2009 |
|
|
Annual Sales |
|
24,700 |
23,561 |
21,502 |
22,090 |
|
Recur. Profit |
|
1,950 |
1,845 |
1,664 |
1,170 |
|
Net Profit |
|
1,050 |
994 |
1,054 |
700 |
|
Total Assets |
|
|
11,358 |
9,653 |
10,282 |
|
Current Assets |
|
|
10,023 |
8,613 |
9,207 |
|
Current Liabs |
|
|
3,870 |
3,156 |
3,023 |
|
Net Worth |
|
|
6,963 |
5,962 |
6,912 |
|
Capital, Paid-Up |
|
|
50 |
50 |
50 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.83 |
9.58 |
-2.66 |
-1.17 |
|
|
Current Ratio |
|
.. |
258.99 |
272.91 |
304.57 |
|
N.Worth Ratio |
.. |
61.30 |
61.76 |
67.22 |
|
|
R.Profit/Sales |
|
7.89 |
7.83 |
7.74 |
5.30 |
|
N.Profit/Sales |
4.25 |
4.22 |
4.90 |
3.17 |
|
|
Return On Equity |
.. |
14.28 |
17.68 |
10.13 |
|
Notes: Forecast (or estimated) figures for the 30/06/2012 fiscal
term.
|
FINANCES: (Consolidated in million yen) |
|
|||||
|
|
|
Terms Ending: |
30/06/2011 |
30/06/2010 |
||
|
INCOME STATEMENT |
|
|
||||
|
|
Annual Sales |
|
189,805 |
188,666 |
||
|
|
Cost of Sales |
104,630 |
106,435 |
|||
|
|
GROSS PROFIT |
85,174 |
82,231 |
|||
|
|
Selling & Adm Costs |
74,712 |
74,088 |
|||
|
|
OPERATING PROFIT |
10,461 |
8,143 |
|||
|
|
Non-Operating P/L |
800 |
833 |
|||
|
|
RECURRING PROFIT |
11,261 |
8,976 |
|||
|
|
NET PROFIT |
4,163 |
2,728 |
|||
|
BALANCE SHEET |
|
|
|
|||
|
|
Cash |
|
24,500 |
18,265 |
||
|
|
Receivables |
|
4,489 |
4,095 |
||
|
|
Inventory |
|
41,027 |
43,358 |
||
|
|
Securities, Marketable |
|
|
|||
|
|
Other Current Assets |
6,185 |
5,954 |
|||
|
|
TOTAL CURRENT ASSETS |
76,201 |
71,672 |
|||
|
|
Property & Equipment |
41,606 |
40,223 |
|||
|
|
Intangibles |
|
1,459 |
1,442 |
||
|
|
Investments, Other Fixed Assets |
37,718 |
36,111 |
|||
|
|
TOTAL ASSETS |
156,984 |
149,448 |
|||
|
|
Payables |
|
28,548 |
27,107 |
||
|
|
Short-Term Bank Loans |
|
|
|||
|
|
|
|
|
|
||
|
|
Other Current Liabs |
19,581 |
17,784 |
|||
|
|
TOTAL CURRENT LIABS |
48,129 |
44,891 |
|||
|
|
Debentures |
|
|
|
||
|
|
Long-Term Bank Loans |
2,000 |
2,600 |
|||
|
|
Reserve for Retirement Allw |
|
|
|||
|
|
Other Debts |
|
10,930 |
8,961 |
||
|
|
TOTAL LIABILITIES |
61,059 |
56,452 |
|||
|
|
MINORITY INTERESTS |
|
|
|||
|
|
Common stock |
15,163 |
15,163 |
|||
|
|
Additional paid-in capital |
21,663 |
21,663 |
|||
|
|
Retained earnings |
59,251 |
56,302 |
|||
|
|
Evaluation p/l on
investments/securities |
13 |
10 |
|||
|
|
Others |
|
(166) |
(143) |
||
|
|
Treasury stock, at cost |
0 |
0 |
|||
|
|
TOTAL S/HOLDERS` EQUITY |
95,924 |
92,995 |
|||
|
|
TOTAL EQUITIES |
156,984 |
149,448 |
|||
|
CONSOLIDATED CASH FLOWS |
|
|
||||
|
|
|
Terms ending: |
30/06/2011 |
30/06/2010 |
||
|
|
Cash Flows from Operating Activities |
|
17,177 |
12,856 |
||
|
|
Cash Flows from Investment
Activities |
-5,634 |
-4,070 |
|||
|
|
Cash Flows from Financing Activities |
-4,135 |
-4,010 |
|||
|
|
Cash, Bank Deposits at the Term End |
|
25,756 |
18,384 |
||
|
ANALYTICAL RATIOS Terms ending: |
30/06/2011 |
30/06/2010 |
||||
|
|
|
Net Worth (S/Holders' Equity) |
95,924 |
92,995 |
||
|
|
|
Current Ratio (%) |
158.33 |
159.66 |
||
|
|
|
Net Worth Ratio (%) |
61.10 |
62.23 |
||
|
|
|
Recurring Profit Ratio (%) |
5.93 |
4.76 |
||
|
|
|
Net Profit Ratio (%) |
2.19 |
1.45 |
||
|
|
|
Return On Equity (%) |
4.34 |
2.93 |
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.15 |
|
|
1 |
Rs.86.00 |
|
Euro |
1 |
Rs.68.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
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.