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Report Date : |
19.01.2013 |
IDENTIFICATION DETAILS
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Name : |
SANKI SHOJI CO LTD |
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Registered Office : |
3-3-2 Kawaramachi Chuoku Osaka 541-0048 |
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Country : |
Japan |
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Financials (as on) : |
30.06.2012 |
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Date of Incorporation : |
February, 1956 |
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Com. Reg. No.: |
1200-01-080426 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, Wholesale, Retail of European fashion fabrics, garments,
accessories |
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No. of Employees : |
312 |
RATING & COMMENTS
|
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 : |
Good |
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Payment Behaviour : |
Regular |
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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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
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 |
SANKI SHOJI CO LTD
Sanki Shoji KK
3-3-2 Kawaramachi Chuoku Osaka 541-0048 JAPAN
Tel: 06-6203-1381 Fax:
06-6203-7432
*.. The is its Tokyo Office
URL: http://www.sanki-brand.com/
E-Mail address: pr@sanki-group.co.jp
Import, wholesale, retail of European fashion fabrics, garments,
accessories
Tokyo
Milan (Rep office for purchasing)
YASUHIKO HORITA, PRES Hajime
Horita, ch
Shuhei Hatakeyama, mgn dir Joji Hosoi, dir
Hiroshi Horita, dir Toshio Hayami, dir
Yen Amount: In million Yen,
unless otherwise stated
FINANCES FAIR A/SALES Yen 8,306 M
PAYMENTS REGULAR CAPITAL Yen
90 M
TREND STEADY WORTH Yen
32,549 M
STARTED 1956 EMPLOYES 312
TRADING HOUSE SPECIALIZING IN APPAREL.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
The subject company was established originally in 1948 by Hajime Hotta,
incumbent ch at the firm, as a textile merchant, as Horita Trading Co, on his
account, and was incorporated in 1956.
Yasuhiko is the founder’s son.
Well-established trading firm specializing in fabrics, fashion garments,
clothing accessories. In 1968 started
importing Jaeger (UK) brands. In 1982
opened a representative office in Milan, Italy to concentrate on Italian brands. Since then handling brands include:
Pennyblack, Marella, Laltramoda, Sissirossi, Maurizio Pecoraro, Alssandro Dell
Acqua, P Zero, Rick Owens (--Italy), Jeanpaulnott (France, Belgium), other. In 2006, started handle Italian “HYDROGEN”
brand, and 2011 “Old England”, and in 2012 “Strenesse” brand. Has a subsidiary wholesaler of fabrics,
MaxMara Japan Co Ltd, at the caption address, pres Hajime Horita
concurrently. Milan office functions as
a purchasing agent.
The sales volume for Jun/2012 fiscal term amounted to Yen 8,306 million,
an almost similar amount of Yen 8,272 million in the previous term. The recurring profit was posted at Yen 1,234
million and the net profit at Yen 1,218 million, respectively, compared with
Yen 532 million recurring profit and Yen 1,866 million net profit,
respectively, a year ago.
For the current term ending Jun 2013 the recurring profit is projected
at Yen 1,250 million and the net profit at Yen 1,230 million, respectively, on
a 2% rise in turnover, to Yen 8,500 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Feb
1956
Regd No.: 1200-01-080426
(Osaka-Chuoku)
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 720,000
shares
Issued: 180,000
shares
Sum: Yen
90 million
Major shareholders
(%):
Hajime Horita, Yasuhiko Horita,
(--majority owned)
No. of
shareholders: 7
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Imports,
wholesales and retails European fashion fabrics (13%), garments, clothing
accessories, others (--87%).
Goods are imported from Italy centrally through its representative
office. Import sources have been
expanded into India, China, other.
Clients: [Department
stores, chain stores, supermarkets] Mitsukoshi, Isetan, Matsuzakaya, Daimaru,
other
No. of accounts: 1,000
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesalers]
Itochu Corp, Mitsui & Co, Yagi Tsusho Ltd, Mitsubishi Corp, Sanko
International, Marubeni Corp, other.
Payment record: Regular
Location: Business area in
Osaka. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
SMBC (Osaka-Chuo)
MUFG (Semba-Chuo)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
30/06/2013 |
c |
30/06/2011 |
30/06/2010 |
|
|
Annual
Sales |
|
8,500 |
8,306 |
8,272 |
10,320 |
|
Recur.
Profit |
|
1,250 |
1,234 |
532 |
-95 |
|
Net
Profit |
|
1,230 |
1,218 |
-1,866 |
-257 |
|
Total
Assets |
|
|
32,980 |
32,459 |
34,543 |
|
Current
Assets |
|
|
18,980 |
17,131 |
|
|
Current
Liabs |
|
|
340 |
317 |
|
|
Net
Worth |
|
|
32,549 |
31,344 |
33,220 |
|
Capital,
Paid-Up |
|
|
90 |
90 |
90 |
|
Div.P.Share(¥) |
|
|
75.00 |
75.00 |
50.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.34 |
0.41 |
-19.84 |
-30.12 |
|
|
Current Ratio |
|
.. |
5,582.35 |
5,404.10 |
.. |
|
N.Worth
Ratio |
.. |
98.69 |
96.56 |
96.17 |
|
|
R.Profit/Sales |
|
14.71 |
14.86 |
6.43 |
-0.92 |
|
N.Profit/Sales |
14.47 |
14.66 |
-22.56 |
-2.49 |
|
|
Return
On Equity |
.. |
3.74 |
-5.95 |
-0.77 |
|
Notes:
Forecast (or estimated) figures for the 30/06/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.94 |
|
|
1 |
Rs.86.24 |
|
Euro |
1 |
Rs.72.20 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
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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 |
|
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.