MIRA INFORM REPORT

 

 

Report Date :

11.02.2012

 

IDENTIFICATION DETAILS

 

Name :

NIHON SHURUI HANBAI CO LTD

 

 

Registered Office :

Nihon Shurui Hambai Shinkawa Bldg, 1-25-4 Shinkawa Chuoku Tokyo 104-8254

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

October  1993

 

 

Com. Reg. No.:

(Tokyo-Chuoku) 062097

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Wholesale, import, export of wines & spirits, sake, shochu, foods

 

 

No. of Employees :

1,181

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

Yen 11,020.0 Million

Status :

Good

Payment Behaviour :

Regular

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 – 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

 

Company name and address

 

NIHON SHURUI HANBAI CO LTD

REGD NAME:    Nihon Shurui Hambai KK

MAIN OFFICE:  Nihon Shurui Hambai Shinkawa Bldg, 1-25-4 Shinkawa Chuoku Tokyo 104-8254

JAPAN

Tel: 03-3552-8618      Fax: 03-3552-6955

 

                        *.. The is its DPS Center

                                               

URL:                 http://www.nishuhan.co.jp

E-Mail address: (thru the URL)

 

 

ACTIVITIES

 

Wholesale, import, export of wines & spirits, sake, shochu, foods

 

BRANCHES

 

36 branches & offices nationwide from Hokkaido to Kyushu

 

 

OFFICERS

 

TAKASHI MATSUKAWA, PRES Michio Katsuta, s/mgn dir

Yasui Iijima, s/mgn dir                Takao Hoshino, mgn dir

Masahito Koike, dir                    Fumio Ojima, dir                                               

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    FAIR                 A/SALES          Yen 484,462 M

PAYMENTS                  REGULAR         CAPITAL           Yen 4,028 M

TREND             SLOW              WORTH            Yen 38,154 M

STARTED                     1949                 EMPLOYES      1,181

 

 

COMMENT    

 

WHOLESALER OF WINES & SPIRITS, SAKE, FOODS, OTHER.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 11,020.0 MILLION, 30 DAYS NORMAL TERMS

 

 

                        Notes: Forecast (or estimated) figures for the 31/03/2012 fiscal term

 

 

HIGHLIGHTS

           

            This is the nation’s largest wholesaler of wine/spirits/sake with 36 sales offices nationwide. The core of Wholesale Union comprising with 23 wholesalers nationwide.  This is a trading firm specializing in wholesale of wines & spirits, beer, sake, foods, other.  Goods are both imported and exported.  Exports to USA, Europe, Asia, China, other.  Clients include department stores, chain stores, wine shops, sake shops, other.

 

 

FINANCIAL INFORMATION

           

            The sales volume for Mar/2011 fiscal term amounted to Yen 484,462 million, an almost similar amount in the previous term.  Consumer spending was sluggish.  The recurring profit was posted at Yen 3,386 million and the net profit at Yen 2,121 million, respectively, compared with Yen 3,908 million recurring profit and Yen 2,344 million net profit, respectively, a year ago.

 

            (Apr/Sept/2011 results): Sales Yen 247,447 million (up 0.8%), recurring profit Yen 1,108 million (up 6.0&), net profit Yen 568 million (down 28.6%).  (% compared with the corresponding period a yea ago.)

 

            For the current term ending Mar 2012 the recurring profit is projected at Yen 3,400 million and net profit at Yen 2,200 million, respectively, on a 1.1% rise in turnover, to Yen 490,000 million.   

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 11,020.0 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Oct 1993

Regd No.:         (Tokyo-Chuoku) 062097

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         25 million shares

Issued:                14 million shares

Sum:                   Yen 4,028 million

Major shareholders (%): Mizuho Corporate Bank (4.9), MUFG (4.6), Asahi Breweries

Ltd (4.2), Kirin Beer, (4.2), SMBC (3.4), Resona Bank (3.1)

No. of shareholders: 1,039

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

           

Activities: Wholesales, imports and exports beer (22%), Japanese sake & shochu (33%), whiskies, wines, imported spirits (--28%), foods (12%), others (5%)

 

Clients: Department stores, supermarkets, chain stores, wine shops, sake shops, other

No. of accounts: 2,000

Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesales] Kirin Beer, Asahi Breweries, Suntory Ltd, Kikkoman Corp, Gekkeikan Sake Co, Kiku-Masamune Sake Brewing Co, Ozeki Corp, Takara Shuzo Co, Otsuka Pharmaceutical, other

 

Payment record: Regular

 

Location: Business area in Tokyo.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:

Mizuho Bank (Ohtemachi)

MUFG (Kyobashi)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

FINANCES: (Consolidated in million yen)

 

　

　

Terms Ending:

31/03/2011

31/03/2010

INCOME STATEMENT

 

 

 

  Annual Sales

　

484,462

484,107

 

  Cost of Sales

454,671

454,043

 

      GROSS PROFIT

29,790

30,064

 

  Selling & Adm Costs

26,938

26,812

 

      OPERATING PROFIT

2,852

3,251

 

  Non-Operating P/L

534

1,191

 

      RECURRING PROFIT

3,386

3,908

　

      NET PROFIT

2,121

2,344

BALANCE SHEET

 

 

 

 

  Cash

　

19,884

22,820

 

  Receivables

 

54,478

56,732

 

  Inventory

 

9,111

8,129

 

  Securities, Marketable

3,500

　

 

  Other Current Assets

7,308

7,110

 

      TOTAL CURRENT ASSETS

94,281

94,791

 

  Property & Equipment

17,699

17,686

 

  Intangibles

 

747

822

 

  Investments, Other Fixed Assets

18,455

18,426

 

      TOTAL ASSETS

131,182

131,725

 

  Payables

 

73,875

75,181

 

  Short-Term Bank Loans

9,040

9,090

 

　

 

　

　

 

  Other Current Liabs

4,796

4,920

 

      TOTAL CURRENT LIABS

87,711

89,191

 

  Debentures

 

　

　

 

  Long-Term Bank Loans

　

　

 

  Reserve for Retirement Allw

1,433

1,590

 

  Other Debts

　

3,884

4,235

 

      TOTAL LIABILITIES

93,028

95,016

 

      MINORITY INTERESTS

 

 

 

Common stock

4,028

4,028

 

Additional paid-in capital

3,563

3,563

 

Retained earnings

29,660

27,720

 

Evaluation p/l on investments/securities

530

891

 

Others

 

373

506

 

Treasury stock, at cost

　

　

 

      TOTAL S/HOLDERS` EQUITY

38,154

36,708

　

      TOTAL EQUITIES

131,182

131,725

CONSOLIDATED CASH FLOWS

 

 

 

 

Terms ending:

31/03/2011

31/03/2010

 

Cash Flows from Operating Activities

　

1,795

2,708

 

Cash Flows from Investment Activities

-3,895

-2,144

 

Cash Flows from Financing Activities

-506

-251

　

Cash, Bank Deposits at the Term End

　

14,589

17,196

ANALYTICAL RATIOS            Terms ending:

31/03/2011

31/03/2010

 

 

Net Worth (S/Holders' Equity)

38,154

36,708

 

 

Current Ratio (%)

107.49

106.28

 

 

Net Worth Ratio (%)

29.08

27.87

 

 

Recurring Profit Ratio (%)

0.70

0.81

 

 

Net Profit Ratio (%)

0.44

0.48

 

 

Return On Equity (%)

5.56

6.39

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.64

UK Pound

1

Rs.78.35

Euro

1

Rs.65.79

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.