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Report Date : |
22.07.2013 |
IDENTIFICATION DETAILS
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Name : |
SUNTORY WINE INTERNATIONAL LTD |
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Registered Office : |
Akasaka Eight One Bldg 4F, 2-13-5 Nagatacho Chiyodaku Tokyo 100-0014 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
October, 2008 |
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Com. Reg. No.: |
0100-01-017531 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of wines |
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No. of Employees : |
180 |
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 – 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 |
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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 |
SUNTORY WINE
INTERNATIONAL LTD
Suntory Wine International KK
Akasaka Eight One Bldg 4F, 2-13-5 Nagatacho Chiyodaku Tokyo 100-0014
JAPAN
Tel: 03-3595-3860
URL: http://www.suntory.co.jp (of the parent,
Suntory Holdings Ltd)
E-Mail address: (thru the URL)
Import, export, wholesale of wines
Sapporo, Sendai, Nagoya, Osaka, Hiroshima, Fukuoka, other (Tot 8)
(subsidiary)
KOU SAKURAI, PRES Tohru
Yagi, ch
Ryohei Kobayashi, s/mgn dir Koji
Kojima, dir
Toshio Hamana, dir Takuya
Nakanishi, dir
Yen Amount: In million Yen,
unless otherwise stated
FINANCES FAIR A/SALES Yen 28,222 M
PAYMENTS NO COMPLAINTS CAPITAL Yen 2,000 M
TREND UP WORTH Yen 9,717 M
STARTED 2008 EMPLOYES 180
TRADING FIRM SPECIALIZING IN WINES, OWNED BY SUNTORY HOLDINGS LTD.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company is
a wine division company under Suntory Holdings Ltd (See REGISTRATION). This is a
trading firm, with mfg division, for import, export and wholesale of
wines. Goods are imported from Europe,
other. Clients include liquor
wholesalers, liquor stores, other.
The sales volume for Dec/2012 fiscal term amounted to Yen 28,222
million, a 3% up from Yen 27,342 million in the previous term. Wine imports increased. Demand rose for imported wines. The recurring profit was posted at Yen 839
million and the net profit at Yen 532 million, respectively, compared with Yen
642 million recurring profit and Yen 427 million net profit, respectively, a
year ago.
For the current term ending Dec 2013 the recurring profit is projected
at Yen 900 million and the net profit at Yen 600 million, respectively, on a 5%
rise in turnover, to Yen 29,500 million.
Imports continue rising.
The financial situation is considered FAIR and good for ORDINARY business
engagements.
Date Registered: Oct
2008
Regd No.: 0100-01-017531
(Tokyo-Chiyodaku)
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 160,000 shares
Issued:
40,000 shares
Sum: Yen
2,000 million
Major shareholders
(%): Suntory Holdings Ltd*
(100)
*.. Holding company of
182 companies in the line of beverages, beer & wines, food, spirits, soft
drinks, mineral water, other, Osaka, founded 2009, capital Yen 70,00 million,
sales Yen1,851,567 million, operating profit Yen 107,744 million, recurring
profit Yen 103,061 million, net profit Yen 36,631 million, total assets Yen
1,727,963 million, net worth Yen 533,697 million, employees 28,956, pres
Nobutada Saji
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Imports, exports
and wholesales wines (noble rot grape wines, port wines, other) (--100%)
Clients: Wine shops,
wholesalers, other
No. of accounts: 800
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Suntory Business Expert, other
Imports from France, Spain, Italy, other
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption address
are leased and maintained satisfactorily.
Bank References:
MUFG (Osaka)
SMBC (Osaka)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
Annual Sales |
|
29,500 |
28,222 |
27,342 |
26,505 |
|
Recur. Profit |
|
900 |
839 |
642 |
-31 |
|
Net Profit |
|
600 |
532 |
427 |
54 |
|
Total Assets |
|
|
16,420 |
16,053 |
14,445 |
|
Current Assets |
|
|
11,533 |
11,209 |
10,615 |
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Current Liabs |
|
|
6,245 |
6,169 |
7,592 |
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Net Worth |
|
|
9,717 |
9,483 |
6,498 |
|
Capital, Paid-Up |
|
|
2,000 |
2,000 |
2,000 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.53 |
3.22 |
3.16 |
25.26 |
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|
Current Ratio |
|
.. |
184.68 |
181.70 |
139.82 |
|
N.Worth Ratio |
.. |
59.18 |
59.07 |
44.98 |
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R.Profit/Sales |
|
3.05 |
2.97 |
2.35 |
-0.12 |
|
N.Profit/Sales |
2.03 |
1.89 |
1.56 |
0.20 |
|
|
Return On Equity |
.. |
5.47 |
4.50 |
0.83 |
|
Notes: Forecast (or estimated) figures for the 31/12/2013 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 : |
SDA |
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 |
|
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.