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Report Date : |
25.07.2012 |
IDENTIFICATION DETAILS
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Name : |
CGC JAPAN CO LTD |
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Registered Office : |
Santoku Bldg 2F,
2-1-14 Okubo Shinjukuku |
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Country : |
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Financials (as on) : |
28.02.2012 |
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Date of Incorporation : |
October
1973 |
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Com. Reg. No.: |
(Tokyo-Shinjukuku)
008920 |
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Legal Form : |
Limited Company |
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Line of Business : |
Grocery chain store operator (3,722 stores nationwide) |
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No. of Employees : |
371 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
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 |
CGC JAPAN CO LTD
KK CGC Japan
Santoku Bldg 2F,
2-1-14 Okubo Shinjukuku Tokyo 169-8531 JAPAN
Tel:
03-3203-1111 Fax: 03-3207-7151
URL: www.cgcjapan.co.jp
E-mail: (thru the URL)
Grocery
chain store operator (3,722 stores nationwide)
Tokyo, Chiba, Hiratsuka, Tokorozawa, Tochigi, Kawasaki, Niigata,
Saitama, Yamagata, Kasama (--distribution centers)
Seattle, Shanghai, Paris, Bangkok
(subcontracted)
ATSUHIRO
HORIUCHI, PRES Yotaro Kakegawa, ch
Sumio
Endoh, v ch Kiyoshi
Yokoyama, v ch
Atsuhiro Horiuch, rep dir Yuzo Shoji, v pres
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 808,013 M
PAYMENTS No
Complaints CAPITAL Yen 523 M
TREND STEADY WORTH Yen 7,206 M
STARTED 1973 EMPLOYES 371
CO-OPERATIVE
GROCER CHAIN STORE OPERATOR.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
This is a co-operative grocer chain operator (as short for CGC Japan) organized by several supermarket operators under the leadership of “Supermarket Santoku”, also the owner of the captioned building, in order to purchase products jointly and distribute them on a regular, stable basis. The objectives of the company are: procurement and physical distribution of products; development of new products; information support for physical distribution; executive & employee education/training for affiliated companies. The co-op now supplies products to 3,722 supermarkets operated by 228 member companies in all parts of Japan. Handling items are: meat, confectionary, foods, boxed lunches, takeaway foods, fishery products, other (more than 1,000 product items). Operating purchasing offices in: USA, France, China, Thailand, other.
The sales volume for Feb/2012 fiscal term amounted to Yen 808,013 million, a 5% up from Yen 772,072 million in the previous term. The number of joining companies increased to 228 from 220 in the previous year. The recurring profit was posted at Yen 868 million and the net profit at Yen 427 million, respectively, compared with Yen 842 million recurring profit and Yen 443 million net profit, respectively, a year ago. .
For the current term ending Feb 2013 the recurring profit is projected at Yen 900 million and the net profit at Yen 450 million, respectively, on a 3% rise in turnover, to Yen 830,000 million.
The financial situation is considered FAIR and good for
ORDINARY business engagements.
Date Registered: Oct 1973
Regd No.: (Tokyo-Shinjukuku) 008920
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 37.77
million shares
Issued: 37.77
million shares
Sum: Yen 523 million
Major shareholders (%): Santoku KK* (20), Tsuruya KK** (3), Tokai CGC** (2.4), Hokkaido CGC** (2.4), Tohoku CGC** (2.4), Chugoku CGC** (2.4)
*.. Owner of the caption building, operator of 27 chain grocery stores in Tokyo, founded 1949, capital Yen 88 million, sales Yen 30,475 million, recurring profit Yen 147 million, net profit Yen 44 million, employees 46, pres Yozo Saitoh
**.. Operators of supermarkets
No. of shareholders: 56
Nothing detrimental is known as to the commercial morality of executives.
Activities: Co-operative grocer chain store operator, supplying products for 3,722 supermarkets operated by 228 affiliated member firms all over Japan:
(Breakdown of Sales): processed foods (29%), meat (9%), confectionary (10%), boxed lunches, fast foods (15%), wines/liquors (8%), others (27%)
Clients: [Supermarkets] Fressay, Nisshin Oil group firms, Tsuruya, Supermarket Santoku, Olympic, Ogino, Harashin Narusu Logitec, other
No. of accounts: 3,800
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Zen-Noh, Itoh Foods, Nippon Meat Packers, Nisshin Oil Group firms, Mitsui & Co, Meiji Dairies, Snow Brand Access, Ryoshoku Ltd, Mitsubishi Corp, other
Payment record: No Complaints
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Shinjuku)
Mizuho
Bank (Shinjuku)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
28/02/2013 |
29/02/2012 |
28/02/2011 |
28/02/2010 |
|
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Annual
Sales |
|
830,000 |
808,013 |
772,072 |
739,391 |
|
Recur.
Profit |
|
900 |
868 |
842 |
601 |
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Net
Profit |
|
450 |
427 |
443 |
341 |
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Total
Assets |
|
|
38,636 |
36,569 |
35,546 |
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Current
Assets |
|
|
32,709 |
31,154 |
30,489 |
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Current
Liabs |
|
|
24,900 |
23,814 |
23,807 |
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Net
Worth |
|
|
7,206 |
6,679 |
6,210 |
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Capital,
Paid-Up |
|
|
523 |
523 |
523 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.72 |
4.66 |
4.42 |
4.00 |
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Current Ratio |
|
.. |
131.36 |
130.82 |
128.07 |
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N.Worth Ratio |
.. |
18.65 |
18.26 |
17.47 |
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R.Profit/Sales |
|
0.11 |
0.11 |
0.11 |
0.08 |
|
N.Profit/Sales |
0.05 |
0.05 |
0.06 |
0.05 |
|
|
Return On Equity |
.. |
5.93 |
6.63 |
5.49 |
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Notes:
Forecast (or estimated) figures for the 28/02/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.02 |
|
UK Pound |
1 |
Rs.86.89 |
|
Euro |
1 |
Rs.67.84 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
---- |
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.