|
Report Date : |
12.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
ASANUMA CORPORATION |
|
|
|
|
Registered Office : |
3-37-19 Minamidai Nakanoku Tokyo 164-0014 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
30.06.2012 |
|
|
|
|
Date of Incorporation : |
April, 1952 |
|
|
|
|
Com. Reg. No.: |
0112-01-000193 |
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|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
OEM production of cosmetics, make-ups |
|
|
|
|
No. of Employees : |
220 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
-- |
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 |
ASANUMA
CORPORATION
Asanuma Corporation KK
3-37-19 Minamidai Nakanoku Tokyo 164-0014 JAPAN
Tel: 03-3383-0511 Fax:
03-3383-0517
URL: http://www.asanuma-corp.co.jp
E-Mail address: head-office@asanuma-corp.co.jp
OEM production of cosmetics, make-ups
Nil
Shanghai, USA
At the caption address, Kanagawa (3)
MASAUMI ASANUMA, PRES Junko
Asanuma, ch
Tomoko Asanuma, v pres Kenji
Ban, s/mgn dir
Takeshi Furuichi, mgn dir Takashi
Asanuma, dir
Yen Amount: In
million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 7,968 M
PAYMENTS REGULAR CAPITAL Yen
50 M
TREND SLOW WORTH Yen 1,781 M
STARTED 1952 EMPLOYES 220
OEM MFR OF COSMETICS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
The subject company was established originally in 1947 by
father of Masaumi Asanuma, on his account, for making eyebrow pencils. Incorporated in 1952 the firm has been
succeeded by his descendants. This is a
family-based OEM mfr of cosmetics, owned and operated by the Asanuma
family. Clients include major cosmetics
makers. Has a factory in Shanghai and
sales office in USA.
The sales volume for Jun/2012 fiscal term amounted to Yen
7,968 million, a 6% down from Yen 8,488 million in the previous term. New products production decreased from major
clients. The recurring profit was posted
at Yen 229 million and the net profit at Yen 121 million, respectively,
compared with Yen 471 million recurring profit and Yen 275 million net profit,
respectively, a year ago.
For the current term ending Jun 2013 the recurring profit is
projected at Yen 230 million and the net profit at Yen 130 million,
respectively, on a 4% rise in turnover, to Yen 8,300 million.
The financial situation is considered FAIR and good for
ORDINARY business engagements.
Date
Registered: Apr 1952
Regd
No.: 0112-01-000193
(Tokyo-Nakanoku)
Legal
Status: Limited
Company (Kabushiki Kaisha)
Authorized: 400,000 shares
Issued:
100,000 shares
Sum: Yen
50 million
Major
shareholders (%): Asanuma
Sogyo Co* (66), Junko Asanuma (18) and families
*..
Holding company owned by the Asanuma families
No. of
shareholders: 7
Nothing detrimental is known as to the commercial morality
of executives.
Activities:
Manufactures on OEM products of cosmetics, foundation, skin-care goods, other
(--100%)
Clients:
[Mfrs, wholesalers] Kanebo Cosmetics Inc (53%), Clinique Laboratories Inc,
Christian Dior, other
No. of
accounts: 50
Domestic
areas of activities: Nationwide
Suppliers:
[Mfrs, wholesalers] Kanebo Cosmetics Inc (50%), KISCO, Tokyo Glass, Amakasu
Chemical Ind, Yoshida Cosmeworks Co, other
Payment
record: Regular
Location:
Business area in Tokyo. Office premises
at the caption address are owned and maintained satisfactorily.
Bank
References:
MUFG (Shinjuku-Nishi)
SMBC (Shinjuku-Nishiguchi)
Relations: Satisfactory
(In
Million Yen)
|
Terms
Ending: |
30/06/2013 |
30/06/2012 |
30/06/2011 |
30/06/2010 |
|
|
Annual Sales |
|
8,300 |
7,968 |
8,488 |
7,724 |
|
Recur. Profit |
|
230 |
229 |
471 |
264 |
|
Net Profit |
|
130 |
121 |
275 |
149 |
|
Total Assets |
|
|
6,475 |
6,634 |
6,123 |
|
Current Assets |
|
|
4,096 |
4,183 |
4,038 |
|
Current Liabs |
|
|
2,657 |
2,846 |
2,688 |
|
Net Worth |
|
|
1,781 |
1,670 |
1,400 |
|
Capital, Paid-Up |
|
|
50 |
50 |
50 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.17 |
-6.13 |
9.89 |
0.86 |
|
|
Current Ratio |
|
.. |
154.16 |
146.98 |
150.22 |
|
N.Worth Ratio |
.. |
27.51 |
25.17 |
22.86 |
|
|
R.Profit/Sales |
|
2.77 |
2.87 |
5.55 |
3.42 |
|
N.Profit/Sales |
1.57 |
1.52 |
3.24 |
1.93 |
|
|
Return On Equity |
.. |
6.79 |
16.47 |
10.64 |
|
Notes: Forecast (or estimated) figures for the 30/06/2013
fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.92 |
|
|
1 |
Rs.91.80 |
|
Euro |
1 |
Rs.78.18 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.