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Report Date : |
17.07.2013 |
IDENTIFICATION DETAILS
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Name : |
METRO CASH & CARRY JAPAN KK |
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Registered Office : |
Omori Bell Port D 7F, 6-26-3 Minami-Oi Shinagawaku Tokyo 140-0013 |
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Country : |
Japan |
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Date of Incorporation : |
November 2000 |
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Com. Reg. No.: |
0107-01-013893 (Tokyo-Shinagawaku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale, retail of foodstuffs, other |
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No. of Employees : |
1,000 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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) |
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Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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
METRO CASH & CARRY JAPAN KK
REGD NAME: Metro
Cash & Carry Japan KK
MAIN OFFICE: Omori
Bell Port D 7F, 6-26-3 Minami-Oi Shinagawaku Tokyo 140-0013 JAPAN
Tel: 03-5763-8400 Fax: 03-5763-8340
URL: http//:www.metro-cc.jp
E-mail: info@metro-cc.jp
Import, wholesale,
retail of foodstuffs, other
Utsunomiya,
Nagareyama, Chiba, Kawaguchi, Tama, Yokohama, Takasaki,
Tatsumi, Ichikawa
TAKASHI ISHIDA,
PRES
Yen Amount: In million Yen, unless otherwise stated
FINANCES UNDETD A/SALES UNDISCLOSED
PAYMENTS UNKNOWN
CAPITAL Yen 16,490 M
TREND UNDETD WORTH UNDISCLOSED
STARTED 2000 EMPLOYES 1,000
TRADING FIRM
SPECIALIZING FOODS, ALCOHOLS, OTHER, WHOLLY
OWNED BY METRO AG
(GERMANY)
FINANCIAL SITUATION UNDETERMINED DUE TO THE
LACK OF FINANCIALS, WHICH THE FIRM DECLINED TO DISCLOSE.
The subject company was
established by Metro AG (Germany) as its marketing arm in Japan. This is a trading firm specializing in import
and wholesale of vegetables, fish, meat, dairy foods, alcohols, other. Goods are also retailed at 9 direct-run
stores centering in the greater-Tokyo area.
Clients include hotels, department stores, chain stores, other,
nationwide.
The firm declined
to disclose financials, saying they are consolidated by the German parent,
Metro AG, and not authorized to disclose to third parties. Outside sources agree that they are declined,
too
Both the financial
situation and business trends are not determined due to the lack of financials,
which the firm declined to disclose, but should be good for ORDINARY business
engagements.
Date Registered:
Nov 2000
Regd No.: 0107-01-013893 (Tokyo-Shinagawaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized:
329,000 shares
Issued:
329,000 shares
Sum: Yen 16,490 million
Major shareholders (%): Metro Cash &
Carry International (Germany) (100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports,
wholesales and retails foods and non-food products, operating 9 direct-run
retail stores (--100%).
Foods:
vegetables,
fish, meat, dairy foods, grocery, confectionary, wines, alcohols, other;
Non-foods: kitchen ware, tableware,
detergent, stationery, uniforms, other.
Clients: Hotels,
restaurants, chain stores, consumers, other
No. of accounts:
Unavailable
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesalers] Supplied from Metro AG
(Germany) and group firms.
Domestically: Nishita Corp, Kyowa Foods,
Funasho Group Corp, Bell-Fresh Co, Foods System (Hokui Shokuhin), Kankyo Create
Corp, AS Planning co, Atelier 16 Co, other
Payment record: Unknown
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Mizuho Bank (H/O)
Relations:
Satisfactory
(In Million Yen)
NOT DISCLOSED
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.39 |
|
|
1 |
Rs.89.89 |
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Euro |
1 |
Rs.77.72 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>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 |
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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 |
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-- |
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.