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Report Date : |
17.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
COCA-COLA BUSINESS SERVICES CO LIMITED |
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|
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Registered Office : |
F Nissei Ebisu Bldg, 3-16-3 Higashi Shibuyaku Tokyo 150-0011 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
June 1999 |
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Com. Reg. No.: |
0104-01-038096
(Tokyo-Shibuyaku) |
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|
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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|
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Line of Business : |
Import, wholesale of PET
bottles, aluminum cans; business consultant. |
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|
|
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No. of Employees : |
80 |
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 |
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Payment Behaviour : |
Slow but correct |
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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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 small agricultural sector is highly subsidized and protected, with crop yields among the highest in the world. While self-sufficient in rice production, Japan imports about 60% of its food on a caloric basis. 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. Modest economic growth continued after 2000, but the economy has fallen into recession three times since 2008. A sharp downturn in business investment and global demand for Japan's exports in late 2008 pushed Japan 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 and the ensuing tsunami in March disrupted manufacturing. The economy has largely recovered in the two years since the disaster, but reconstruction in the Tohoku region has been uneven. Newly-elected Prime Minister Shinzo ABE has declared the economy his government's top priority; he has pledged to reconsider his predecessor's plan to permanently close nuclear power plants and is pursuing an economic revitalization agenda of fiscal stimulus and regulatory reform and has said he will press the Bank of Japan to loosen monetary policy. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2012 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 2012. The new government will continue a longstanding debate 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
COCA-COLA BUSINESS SERVICES CO LTD
REGD NAME: Coca-Cola
Business Services KK
MAIN OFFICE: F
Nissei Ebisu Bldg, 3-16-3 Higashi Shibuyaku Tokyo 150-0011 JAPAN
Tel: 03-5774-3100
Fax: 03-5774-3120
*.. Moved to the caption address from the former as given
URL: http//:www.ccibs.co.jp
E-mail: (thru the URL)
Import,
wholesale of PET bottles, aluminum cans; business consultant
Nil
(subcontracted
– subsidiary)
SHUN’ICHI
NASU, PRES Masayoshi Fuse, rep
dir
Tamio
Yoshimatsu, dir Masayoshi Shiina, dir
Kenji
Yabuki, dir Yasushi
Kurata, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES R/WEAK A/SALES Yen 214,467 M
PAYMENTSSLOW
BUT CORRECT CAPITAL Yen 34 M
TREND UP WORTH Yen (-) 384 M
STARTED 1999 EMPLOYES 80
SUPPLIER
OF PET BOTTLES, ALUMINUM CANS TO COCA-COLA GROUP
BOTTLERS.
FINANCIAL SITUATION CONSIDERED
RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS
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, and other necessities to group
bottlers. It also offers business
consultancy to group firms.
The sales volume for Dec/2012 fiscal term amounted to Yen
214,467 million, an 11% up from Yen 192,606 million in the previous term. The operations continued in the red, though
loss amount shortened, to post Yen 46 million recurring loss and Yen 29 million
net losses, respectively, compared with Yen 410 million recurring loss and Yen
285 million net losses, respectively, a year ago.
For the current term ending Dec 2013 the operations are
projected to come back to prosperity to post Yen 1,000 million recurring profit
and Yen 500 million net profit, respectively, on a 5% rise in turnover, to Yen
225,000 million. System integration of
the group firms completed.
The financial situation is considered WEAK but should be
good for MODERATE business engagements.
Date Registered: Jun 1999
Regd No.: 0104-01-038096
(Tokyo-Shibuyaku)
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 (10), other
No. of shareholders: 15
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures
(subcontracted to group firms) and supplies PET bottles, aluminum cans, other,
offering business consultancy to group firms (--100%).
Clients: [Group
firms] Coca-Cola West Holdings, Coca-Cola Central Japan, Coca-Cola Tokyo
Bottling, Hokkaido Coca-Cola 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, NEC, other..
Payment record: Slow
but correct
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
(In Million Yen)
|
Terms Ending: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
Annual
Sales |
|
225,000 |
214,467 |
192,606 |
197,934 |
|
Recur.
Profit |
|
1,000 |
-46 |
-410 |
-565 |
|
Net
Profit |
|
500 |
-29 |
-285 |
-328 |
|
Total
Assets |
|
|
25,339 |
23,268 |
25,237 |
|
Current
Assets |
|
|
17,657 |
15,986 |
17,785 |
|
Current
Liabs |
|
|
18,148 |
18,417 |
19,054 |
|
Net
Worth |
|
|
-384 |
-1,223 |
-789 |
|
Capital,
Paid-Up |
|
|
34 |
34 |
34 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.91 |
11.35 |
-2.69 |
12.22 |
|
|
Current Ratio |
|
.. |
97.29 |
86.80 |
93.34 |
|
N.Worth Ratio |
.. |
-1.52 |
-5.26 |
-3.13 |
|
|
R.Profit/Sales |
|
0.44 |
-0.02 |
-0.21 |
-0.29 |
|
N.Profit/Sales |
0.22 |
-0.01 |
-0.15 |
-0.17 |
|
Notes: Forecast (or estimated) figures for the
31/12/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.82 |
|
|
1 |
Rs. 96.57 |
|
Euro |
1 |
Rs. 82.45 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.