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Report Date : |
10.07.2013 |
IDENTIFICATION DETAILS
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Name : |
ANDO ENTERPRISE CO LTD |
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Registered Office : |
4-16-4 Hirai Edogawaku Tokyo |
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Country : |
Japan |
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Financials (as on) : |
30.04.2013 |
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Date of Incorporation : |
May 1986 |
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Com. Reg. No.: |
0117-01-006299 (Tokyo-Edogawaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Importer, wholesaler
of fish, frozen foods |
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No. of Employees : |
03 |
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 : |
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 |
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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 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 |
ANDO ENTERPRISE CO LTD
Ando Enterprise KK
Nihombashi-Hamacho Heights 301, 2-53-2
Nihombashi-Hamacho Chuoku Tokyo 103-0007 JAPAN
Tel: 03-3662-2395 Fax: 03-3662-3097
*.. Registered at: 4-16-4 Hirai Edogawaku Tokyo
URL: N/A
Import,
wholesale of fish, frozen foods
Nil
MASAO YAMADA, PRES
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 454 M
PAYMENTSSlow but Correct CAPITAL Yen 12 M
TREND SLOW WORTH Yen 123 M
STARTED 1986 EMPLOYES 3
IMPORTER OF FISH & FROZEN FOODS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by Masao Yamada in order to make
most of his experience in the subject line of business. This is a trading firm for import and
wholesale of fish, frozen foods, other.
Clients include fishery companies, restaurants, other
Financials are only partially disclosed as is the case with family-based
companies.
The sales volume for Apr/2012 fiscal term amounted to Yen 594 million, a
24% down from Yen 594 million in the previous term. Fish import declined, particularly tuna,
which is prohibited from large fishing due to the species protection, as
reported. The operations plunged into
the red to post Yen 1 million net losses, compared with Yen 2 million net
profit a year ago.
For the term that ended Apr 2013 the net profit was projected at Yen 3
million, on a 4% rise in turnover, to Yen 470 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: May
1986
Regd No.:
0117-01-006299 (Tokyo-Edogawaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
96,000 shares
Issued:
24,000 shares
Sum: Yen 12 million
Major shareholders
(%): Masao Yamada (100)
Nothing
detrimental is known as to his commercial morality.
Activities: Imports and
wholesales fish, fishery products, fish paste, frozen foods (--100%)
Clients: [Mfrs,
wholesalers] Benirei Corp, Chugai Shokuhin Ltd, Tohto Suisan Co, Kozo Zushi
(Sushi restaurant), Hokuto Corp, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesalers]
Ocean Fishery, Pyramid Island Foods, Benirei Corp, Chugai Shokuhin Ltd, other
Payment record: Slow but Correct
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
SMBC
(Tsukiji)
Mizuho
Bank (Hirai)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
|
30/04/2013 |
30/04/2012 |
30/04/2011 |
30/04/2010 |
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Annual
Sales |
|
470 |
454 |
594 |
544 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
3 |
-1 |
2 |
3 |
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Total
Assets |
|
|
N/A |
N/A |
N/A |
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Net
Worth |
|
|
103 |
102 |
100 |
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Capital,
Paid-Up |
|
|
12 |
12 |
12 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.52 |
-23.57 |
9.19 |
-11.54 |
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Current Ratio |
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|
.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
.. |
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N.Profit/Sales |
0.64 |
-0.22 |
0.34 |
0.55 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 30/04/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.75 |
|
UK Pound |
1 |
Rs.89.91 |
|
Euro |
1 |
Rs.77.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
|
---- |
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.