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Report Date : |
30.01.2013 |
IDENTIFICATION DETAILS
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Name : |
camel coffee co ltd |
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Registered Office : |
2-31-8 Daita, Setagayaku Tokyo 155-0033 |
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Country : |
Japan |
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Financials (as on) : |
31.08.2012 |
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Date of Incorporation : |
1977 |
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Com. Reg. No.: |
0109-01-003292 |
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Legal Form : |
Limited Company
(Kabushiki Kaisha) |
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Line of Business : |
Import and
wholesale of coffee beans, foods, wines, alcoholic beverages, other |
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No. of Employees : |
1,074 |
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 (31.03.2011) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
CAMEL COFFEE CO LTD
KK Camel Coffee
2-31-8 Daita
Setagayaku Tokyo 155-0033 JAPAN
Tel:
03-3412-5640
Fax: 03-3412-5638
E-Mail address: customer@kaldi.co.jp
Import, wholesale
of coffee beans, foods, wines, alcoholic beverages, other
302 stores (Kaldi
Coffee Farm); coffee shops, restaurants nationwide
Thailand (4),
Italy, Nepal
At the caption
address (roasting coffee beans)
NOBUO ODA, PRES
Setsuko Oda, dir
Shin’ichiro Oda,
dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 62,600 M
PAYMENTS No Complaint CAPITAL Yen 50 M
TREND UP WORTH Yen 4,950 M
STARTED 1977 EMPLOYES 1,074
TRADING FIRM SPECIALIZNG IN COFFEE BEANS, FOODS, WINES;
MANAGEMENT OF STORES AND COFFEE SHOPS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject
company was established by Nobuo Oda as a wholesaler of coffee beans to cafes
& restaurants. It has since expanded
operations to import coffee beans, foods, wines, other, and operating food
stores, coffee shops, other. Has
overseas offices in Italy, Thailand and Nepal, where coffee shops are
operated. This is a family-owned
company. Goods are imported. Goods are also sold online and mail-order systems.
Financials are only partially disclosed as is the case with family-based
companies.
The sales volume for Aug/2012 fiscal term amounted to Yen 62,600
million, a 23% up from Yen 51,000 million in the previous term. The number of stores increased. Client’s networks expanded. The net profit was posted at Yen 1,150
million, compared with Yen 1,000 million a year ago.
For the current term ending Aug 2013 the net
profit is projected at Yen 1,200 million, on a 5% rise in turnover, to Yen
66,000 million. Business is seen
expanding steadily.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Sept 1977
Regd No.:
0109-01-003292
(Tokyo-Setagayaku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 400,000
shares
Issued: 100,000
shares
Sum: Yen
50 million
Major
shareholders (%): ODA Holdings* (100)
*.. Holding company owned by the Oda
families
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports coffee
beans, foods, wines, alcoholic beverages; manages stores, coffee shops,
restaurants, others (--100%)
Coffee beans are roasted at own yard,
Clients: Consumers,
restaurants, hotels, tea houses, other
No. of accounts:
Unavailable
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Nikken Foods, Tomen Foods, Toa Shoji Co, Ishimitsu & Co, Wataru
Co, UCC Ueshima Coffee, Overseas Corp, other
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are owned by N Oda as his private home residence and maintained
satisfactorily.
Bank References:
Resona Bank
(Shintoshin)
MUFG (Setagaya)
Relations:
Satisfactory
(In Million Yen)
|
|
|
31/08/2013 |
31/08/2012 |
31/08/2011 |
31/08/2010 |
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Annual
Sales |
|
66,000 |
62,600 |
51,000 |
41,300 |
|
Recur.
Profit |
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|
|
|
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Net
Profit |
|
1,200 |
1,150 |
1,000 |
400 |
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Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
4,950 |
3,800 |
2,800 |
|
Capital,
Paid-Up |
|
|
50 |
50 |
50 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
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S.Growth Rate |
5.43 |
22.75 |
23.49 |
22.55 |
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Current Ratio |
|
|
.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
.. |
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N.Profit/Sales |
1.82 |
1.84 |
1.96 |
0.97 |
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Notes: Financials
are only partially disclosed.
Forecast (or
estimated) figures for the 31/08/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.70 |
|
|
1 |
Rs.84.35 |
|
Euro |
1 |
Rs.72.21 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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 |
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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 |
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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 |
|
<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.