|
Report Date : |
20.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
AEON GLOBAL MERCHANDISING CO LTD |
|
|
|
|
Registered Office : |
Aeon Tower Annex 4F, 1-4 Nakase Mihamaku Chiba 261-0023 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
28.02.2013 |
|
|
|
|
Date of Incorporation : |
May 2007 |
|
|
|
|
Com. Reg. No.: |
0400-01-011935 (Chiba-Mihamaku) |
|
|
|
|
Legal Form : |
Limited Company (Kabushiki Kaisha) |
|
|
|
|
Line of Business : |
Import, procure, supply of vegetables, processed foods, fish, other commodities |
|
|
|
|
No. of Employees : |
110 |
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 |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 |
|
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 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
AEON GLOBAL MERCHANDISING CO LTD
REGD NAME: Aeon
Shohin Chotatsu KK
MAIN OFFICE: Aeon
Tower Annex 4F, 1-4 Nakase Mihamaku Chiba 261-0023 JAPAN
Tel:
043-212-6705 Fax: 043-212-6760
URL: http://www.aeon.info
(of the parent)
E-Mail address: (thru the URL)
Import, procure,
supply of vegetables, processed foods, fish, other commodities
Nil
KUNIHIKO KUKI,
PRES Hiroshi Asada, mgn dir
Hiroshi Hirose,
dir Osamu Nakano, dir
Hidenobu
Takahashi, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 48,563 M*
PAYMENTS NO COMPLAINTS CAPITAL Yen
122 M
TREND UP WORTH Yen 2,174 M
STARTED 2007 EMPLOYES 110
*… Figures for
irregular 3 months due to change in accounting term
TRADING FIRM SPECIALIZING IN FOODS, COMMODITIES, OWNED BY AEON CO LTD.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was
established on the basis of a division separated from Aeon Co Ltd (See REGISTRATION). This is a trading firm for import and
procures foods, fish, processed foods, seafoods, fruits & vegetables,
non-food items, others, for supply to group companies and stores. Goods are imported and supplied from major
food makers, others, nationwide.
The sales volume for
Feb/2013 fiscal term for irregular 3 months amounted to Yen 48,563 million, a
4% up on an adjusted on a 12-month basis from Yen 152,039 million for irregular
9 months in the previous term. The
recurring profit was posted at Yen 304 million and the net profit at Yen 182
million, respectively, compared with Yen 543 million recurring profit and Yen
315 million net profit, respectively, a year ago. The irregular months refer to the change in
accounting term.
For the current term
ending Feb 2014 the recurring profit is projected at Yen 1,000 million and the net
profit at Yen 500 million, respectively, on a 3% rise in turnover, to Yen
200,000 million.
The financial
situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: May 2007
Regd No.:
0400-01-011935 (Chiba-Mihamaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 20,000 shares
Issued: 5,000 shares
Sum: Yen 122.125 million
Major shareholders (%): Aeon Co Ltd*
(85), Marubeni Corp (15)
*.. Top-ranked operator of general
merchandise stores (GMS), at the caption address, founded 1926, listed Tokyo
S/E, capital Yen 199,054 million, sales Yen 5,685,303 million, operating profit
Yen 190,999 million, recurring profit Yen 212,907 million, net profit Yen
74,697 million, total assets Yen 5,725,862 million, net worth Yen 1,033,446
million, employees 91,646, pres Motoya Okada
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, wholesales,
procures and supplies general merchandise for Aeon group firms & stores:
fish, fruits & vegetables, processed foods, consumables, meat, non-food
items, other (--100%)
Clients: [Mfrs,
wholesalers] Aeon Retail, Aeon Group GMS’s, Aeon Group SM’s, other
No. of accounts:
1,000
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Kewpie Co, Suntory Foods, Kirin Beverages, Kao Customer Marketing,
Kagome, other
Payment record: No Complaints
Location: Business area in
Chiba. Office premises at the caption
address are owned by the parent and maintained satisfactorily.
Bank References:
Mizuho Corporate
Bank (Uchisaiwaicho)
Relations:
Satisfactory
(In Million
Yen)
|
Terms Ending: |
28/02/2014 |
28/02/2013 |
30/11/2012 |
29/02/2012 |
|
|
Annual
Sales |
|
200,000 |
48,563 |
152,039 |
192,138 |
|
Recur.
Profit |
|
1,000 |
304 |
543 |
486 |
|
Net
Profit |
|
500 |
182 |
315 |
173 |
|
Total
Assets |
|
|
30,210 |
35,636 |
24,579 |
|
Current
Assets |
|
|
30,132 |
35,584 |
24,530 |
|
Current
Liabs |
|
|
28,036 |
33,667 |
22,924 |
|
Net
Worth |
|
|
2,174 |
1,968 |
1,653 |
|
Capital,
Paid-Up |
|
|
122 |
122 |
122 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.95 |
-4.17 |
5.50 |
9.04 |
|
|
Current Ratio |
|
.. |
107.48 |
105.69 |
107.01 |
|
N.Worth Ratio |
.. |
7.20 |
5.52 |
6.73 |
|
|
R.Profit/Sales |
|
0.50 |
0.63 |
0.36 |
0.25 |
|
N.Profit/Sales |
0.25 |
0.37 |
0.21 |
0.09 |
|
|
Return On Equity |
.. |
8.37 |
16.01 |
10.47 |
|
Notes: Financials
are irregularly disclosed. Growth rates
are adjusted on a 12-month basis.
Forecast (or estimated)
figures for the 28/02/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.79 |
|
|
1 |
Rs.91.03 |
|
Euro |
1 |
Rs.78.52 |
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.