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Report Date : |
16.04.2013 |
IDENTIFICATION DETAILS
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Name : |
LOTTE HOLDINGS CO LTD |
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Registered Office : |
Lotte Honsha Bldg, 3-20-1 Nishishinjuku
Shinjukuku Tokyo 160-0023 |
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Country : |
Japan |
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Financials (as on) : |
31.01.2013 |
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Date of Incorporation : |
June 1948 |
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Com. Reg. No.: |
0111-01-023020
(Tokyo-Shinjukuku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Holding Company of 18 domestic firms & 13 overseas manufacturer of chewing gum, candy, chocolates, biscuits, ice cream; sports, restaurants, other |
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No. of Employees : |
20 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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 |
japan - ECONOMIC OVERVIEW
In the years following World War II, government-industry cooperation, a
strong work ethic, mastery of high technology, and a comparatively small defense
allocation (1% of GDP) helped Japan develop a technologically advanced economy.
Two notable characteristics of the post-war economy were the close interlocking
structures of manufacturers, suppliers, and distributors, known as keiretsu,
and the guarantee of lifetime employment for a substantial portion of the urban
labor force. Both features are now eroding under the dual pressures of global
competition and domestic demographic change. Japan's industrial sector is
heavily dependent on imported raw materials and fuels. A tiny agricultural
sector is highly subsidized and protected, with crop yields among the highest
in the world. Usually self-sufficient in rice, Japan imports about 60% of its
food on a caloric basis. Japan maintains one of the world's largest fishing
fleets and accounts for nearly 15% of the global catch. For three decades,
overall real economic growth had been spectacular - a 10% average in the 1960s,
a 5% average in the 1970s, and a 4% average in the 1980s. Growth slowed
markedly in the 1990s, averaging just 1.7%, largely because of the after
effects of inefficient investment and an asset price bubble in the late 1980s
that required a protracted period of time for firms to reduce excess debt,
capital, and labor. Measured on a purchasing power parity (PPP) basis that
adjusts for price differences, Japan in 2011 stood as the fourth-largest
economy in the world after second-place China, which surpassed Japan in 2001,
and third-place India, which edged out Japan in 2011. A sharp downturn in
business investment and global demand for Japan's exports in late 2008 pushed
Japan further into recession. Government stimulus spending helped the economy
recover in late 2009 and 2010, but the economy contracted again in 2011 as the
massive 9.0 magnitude earthquake in March disrupted manufacturing. Electricity
supplies remain tight because Japan has temporarily shut down almost all of its
nuclear power plants after the Fukushima Daiichi nuclear reactors were crippled
by the earthquake and resulting tsunami. Estimates of the direct costs of the
damage - rebuilding homes, factories, and infrastructure - range from $235
billion to $310 billion, and GDP declined almost 0.5% in 2011. Prime Minister
Yoshihiko NODA has proposed opening the agricultural and services sectors to
greater foreign competition and boosting exports through membership in the
US-led Trans-Pacific Partnership trade talks and by pursuing free-trade
agreements with the EU and others, but debate continues on restructuring the
economy and reining in Japan's huge government debt, which exceeds 200% of GDP.
Persistent deflation, reliance on exports to drive growth, and an aging and
shrinking population are other major long-term challenges for the economy.
|
Source : CIA |
LOTTE HOLDINGS CO LTD
KK Lotte Holdings
Lotte Honsha Bldg,
3-20-1 Nishishinjuku Shinjukuku Tokyo 160-0023 JAPAN
Tel:
03-5388-5604 Fax: 03-3375-1293
URL: www.lotte.co.jp
E-mail: info@lotte.co.jp
Holding Company of 18 domestic firms & 13 overseas; mfg of chewing gum, candy, chocolates, biscuits, ice cream; sports, restaurants, other
Sapporo,
Sendai, Utsunomiya, Nagoya, Osaka, Hiroshima, Fukuoka
Lotte
USA Inc, Lotte China foods Co, Thai Lotte Co, PT Lotte Indonesia,
Lotte
Vietnam Co, Lotte Taiwan Co, Lotte Hotel Korea (--subsidiaries)
Shinjuku,
Urawa, Sayama, Toda, Sayama (Tot 6)
TAKAYUKI
TSUKUDA, PRES Takeo Shigemitsu, ch
Hiroyuki Shigemitsu, v ch Akio
Shigemitsu, v pres
Akira Nakai, dir Satoshi Isobe, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 2,468 M
PAYMENTSNo
Complaints CAPITAL Yen
217 M
TREND SLOW WORTH Yen 244,395 M
STARTED 1948 EMPLOYES 20
CONGLOMERATE
HOLDING COMPANY OF LOTTE GROUP FIRMS
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
The subject company was established by Takeo Shigemitsu in 1948 in order to mfr chewing gum, as Lotte Co Ltd. Has since developed into mfg chocolates, ice cream, candies, biscuits, cakes, other. In Mar 2007, under Industrial Activity Rehabilitation Law became a holding company, Lotte Holdings Co Ltd. This is a diversified conglomerate Lotte Holdings, with interests in retail, sports and restaurants, is known as one of Japan’s leading confectioners. Its Lotte Co Ltd makes a wide array of candies & other treats, including gum, chocolate and cookies. Lotte also owns fast-food chain, Lotteria, which has locations in Japan, South Korea and Taiwan. It also owns several retail chains including Korea’s Lotte Shopping. Additionally Lotte owns the Chiba Lotte Marines professional baseball club. Other business interests include soft drinks and ice cream mfg, leisure and entertainment ventures, magazine publishing and real estate. Operates a grand hotel in Korea. By the transferring into a holding company, all mfg divisions were shifted to subsidiaries: 18 domestic and 13 overseas.
The sales volume for Mar/2012 fiscal term amounted to Yen 2,468 million, a 21% down from Yen 3,129 million in the previous term. No new large investments in interest ventures were made during the term. The recurring profit was posted at Yen 869 million and the net profit at Yen 68 million, respectively, compared with Yen 1,024 million recurring profit and Yen 857 million net profit, respectively, a year ago. Lotte Co Ltd reported for Mar/2012 fiscal term: sales Yen 124,105 million, recurring profit Yen19,930 million, net profit Yen 10,019 million, respectively.
For the term that that ended Mar 2013 the recurring profit was projected at Yen 900 million and the net profit at Yen 75 million, respectively, on a 3% rise in turnover, to Yen 2,550 million. Final results are yet to be released. .
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Jun
1948
Regd No.: 0111-01-023020 (Tokyo-Shinjukuku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
17 million shares
Issued:
4,340,000 shares
Sum: Yen 217 million
Major shareholders (%): Kojunsha (28), other
No. of shareholders: 160
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Holding Company of 18 domestic subsidiaries & 13 overseas firms; mfg chewing gum, chocolates, biscuits, ice cream; operates fast-food restaurants, operates a hotel in Korea, owns professional baseball club, real estate management, other (--100%).
Clients: [Mfrs, wholesalers] Lotte Shoji Co, Lotte Bussan, Lotte Reito, Ginza Cozy Corner, Mary Chocolate, Wedel (Poland) (--all subsidiaries), other
No. of accounts: 1,000
Domestic areas of activities: Nationwide
Suppliers: Mfrs, wholesalers, other
Payment record: No Complaints
Location: Business area in Tokyo. Office premises at the caption address are owned and maintained satisfactorily.
Bank References:
MUFG (Shinjuku)
Mizuho Bank (Shinjuku-Chuo)
Relations: Satisfactory
(Non-consolidated In Million Yen)
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Terms Ending: |
31/01/2013 |
31/01/2012 |
31/01/2011 |
31/01/2010 |
|
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Annual
Sales |
|
2,550 |
2,468 |
3,129 |
1,951 |
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Recur.
Profit |
|
900 |
869 |
1,024 |
792 |
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Net
Profit |
|
75 |
68 |
857 |
571 |
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Total
Assets |
|
|
312,357 |
311,541 |
281,706 |
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Current
Assets |
|
|
2,188 |
1,881 |
1,954 |
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Current
Liabs |
|
|
38,898 |
18,136 |
18,114 |
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Net
Worth |
|
|
244,395 |
244,352 |
243,521 |
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Capital,
Paid-Up |
|
|
217 |
217 |
217 |
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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 |
3.32 |
-21.12 |
60.38 |
43.88 |
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Current Ratio |
|
.. |
5.62 |
10.37 |
10.79 |
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N.Worth Ratio |
.. |
78.24 |
78.43 |
86.45 |
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R.Profit/Sales |
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35.29 |
35.21 |
32.73 |
40.59 |
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N.Profit/Sales |
2.94 |
2.76 |
27.39 |
29.27 |
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Return On Equity |
.. |
0.03 |
0.35 |
0.23 |
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Notes: Forecast (or estimated) figures for the 31/03/2013
fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.54.63 |
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UK Pound |
1 |
Rs.83.70 |
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Euro |
1 |
Rs.71.42 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
---- |
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.