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Report Date : |
02.02.2013 |
IDENTIFICATION DETAILS
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Name : |
WORLD SHOKAI YK |
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Registered Office : |
2-13-17 Uchima Urasoe Okinawa-Pref 901-2121 |
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Country : |
Japan |
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Financials (as on) : |
29.02.2012 |
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Date of Incorporation : |
December 1990 |
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Com. Reg. No.: |
3600-01-017758 (Okinawa-Urasoe) |
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Legal Form : |
Private Limited Company (Yugen Kaisha) |
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Line of Business : |
Import, retail of beer, whisky, awamori liquor, sake |
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No. of Employees : |
16 |
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 |
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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 (31.03.2011) |
Current Rating (30.06.2012) |
|
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 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
WORLD SHOKAI YK
REGD NAME: YK
World Shokai
MAIN OFFICE: 2-13-17
Uchima Urasoe Okinawa-Pref 901-2121 JAPAN
Tel:
098-879-7339 Fax: 098-877-1005
URL: N/A
E-Mail address: e-awamori@shop.rakuten.co.jp
Import, retail of
beer, whisky, awamori liquor, sake
At the caption
address
Naha
KATSUJI TAKARA,
PRES Katsuichi Takara, dir
Kiyoshi Takara,
dir Katsuyori Takara,
dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 2,247 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
42 M
TREND UP WORTH Yen 119 M
STARTED 1990 EMPLOYES 16
RETAILER OF LIQUORS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was
established originally in 1975 by Katsuyori Takara for retailing liquors, on
his account, and was incorporated in 1990.
Katsuji is his son, who took the pres office in Jul 2005. This is a retailer of beer, whisky, awamori
(strong Okinawa liquor), other liquor, sake, others. Wines & whiskies are imported from USA,
UK, other. Retail shop is at the caption
address. Goods are also wholesaled to
supermarkets, liquor shops, other in Okinawa-Pref.
Financials are only
partially disclosed as is the case with family-based companies.
The sales volume for Feb/2012 fiscal term amounted
to Yen 2,247 million, a 7% up from Yen 2,100 million in the previous term. The net profit was posted at Yen 10 million,
compared with Yen 12 million, a year ago.
For the current term
ending Feb 2013 the net profit is projected at Yen 12 million, on a 2% rise in
turnover, to Yen 2,300 million. Business
is seen expanding steadily
The financial
situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Dec
1990
Regd No.:
3600-01-017758 (Okinawa-Urasoe)
Legal Status: Private Limited Company (Yugen Kaisha)
Regd Capital:: Yen 42 million
Major
shareholders (%): Katsuyori Takara (25), and families (--76)
No. of shareholders: 5
Nothing detrimental
is known as to the commercial morality of executives.
Activities: Imports,
wholesales and retails wine, whisky, liquor, sake, other (--100%)
Clients: Consumers,
supermarkets, liquor shops, other
No. of accounts:
200 (Wholesales Div)
Domestic areas of
activities: Centered in Okinawa-Pref
Suppliers: [Mfrs,
wholesalers] Orion Beer, The Terrace Hotels, Kobe Bussan Co, Shimono Saketen,
Naha Shurui Hambai (Awamori Club), Kiyabu Shoten, other
Imports beer & whisky from USA, UK,
other
Payment record: No Complaints
Location: Business area in
Urasoe, Okinawa-Pref. Office premises at
the caption address are owned and maintained satisfactorily.
Bank References:
Okinawa Kaiho Bank
(Uchima)
Bank of Okinawa (Uchima)
Relations: Satisfactory
(In Million
Yen)
|
|
|
28/02/2013 |
29/02./2012 |
28/02/2011 |
28/02/2010 |
|
Annual
Sales |
|
2,300 |
2,247 |
2,100 |
1,900 |
|
Recur.
Profit |
|
|
|
|
|
|
Net
Profit |
|
12 |
10 |
12 |
10 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
119 |
109 |
97 |
|
Capital,
Paid-Up |
|
|
42 |
42 |
42 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.36 |
7.00 |
10.53 |
8.02 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
0.52 |
0.45 |
0.57 |
0.53 |
|
Notes: Financials
are only partially disclosed.
Forecast (or
estimated) figures for the 28/02/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.32 |
|
|
1 |
Rs.84.60 |
|
Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.