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Report Date : |
23.03.2013 |
IDENTIFICATION DETAILS
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Name : |
SOCIE WORLD CO LTD |
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Registered Office : |
1-12-8 Yoyogi Shibuyaku Tokyo 151-0053 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
September 1971 |
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Com. Reg. No.: |
0110-01-062158
(Tokyo-Shibuyaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Operates beauty saloons,
esthetic saloons, sports clubs |
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No. of Employees : |
1700 |
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 : |
Regular |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
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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 tiny agricultural
sector is highly subsidized and protected, with crop yields among the highest
in the world. Usually self-sufficient in rice, Japan imports about 60% of its
food on a caloric basis. Japan maintains one of the world's largest fishing
fleets and accounts for nearly 15% of the global catch. 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. Measured on a purchasing power parity (PPP) basis that
adjusts for price differences, Japan in 2011 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 2011. A sharp downturn in business
investment and global demand for Japan's exports in late 2008 pushed Japan
further 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 in March disrupted manufacturing. Electricity supplies
remain tight because Japan has temporarily shut down almost all of its nuclear
power plants after the Fukushima Daiichi nuclear reactors were crippled by the
earthquake and resulting tsunami. Estimates of the direct costs of the damage -
rebuilding homes, factories, and infrastructure - range from $235 billion to
$310 billion, and GDP declined almost 0.5% in 2011. Prime Minister Yoshihiko
NODA has proposed opening the agricultural and services sectors to greater
foreign competition and boosting exports through membership in the US-led
Trans-Pacific Partnership trade talks and by pursuing free-trade agreements
with the EU and others, but debate continues 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 |
SOCIE WORLD CO LTD
KK Socie World
1-12-8 Yoyogi
Shibuyaku Tokyo 151-0053 JAPAN
Tel:
03-5333-1136 Fax: 03-5302-7335
URL: http://www.socie.jp
E-Mail address: (thru the URL)
Operates
beauty saloons, esthetic saloons, sports clubs
116
saloons nationwide (Esthetic saloons 71, hair saloons 40, shape studio 5
Taiwan
MASAKO
SUDOH, PRES Tokuhiro Fujiwara,
dir
Takuji
Takahashi, dir Hirokazu
Murata, dir
Hitoshi
Sugawara, dir Hidetoshi Tsuchiya, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 14,300 M
PAYMENTSREGULAR CAPITAL Yen
69 M
TREND UP WORTH Yen 897 M
STARTED 1971 EMPLOYES 1,700
OPERATION OF BEAUTY SALOONS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by Takashi Takahashi in order to make most of his experience in the subject line of business. Masako is his wife. This is a beauty saloon operator, operating 116 saloons nationwide: esthetic saloons 71, hair saloons 40, shape studio 5. Saloons are located independently and in-store at department stores.
The sales volume for Mar/2012 fiscal term for irregular 10 months due to change in accounting term amounted to Yen 14,300 million, a 4% up on an adjusted on 12-month basis from Yen 16,500 million in the previous term. The net profit was posted at Yen 563 million, compared with Yen 117 million a year ago.
For the current term ending Mar 2013 the net profit is projected at Yen 600 million, on a 5% rise in turnover, to Yen 15,000 million.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Sept 1971
Regd No.: 0110-01-062158 (Tokyo-Shibuyaku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized:
554,400 shares
Issued:
138,600 shares
Sum: Yen 69.3 million
Major shareholders (%): City Group Capital Partners,
Employees’ S/Holding Assn, other (breakdown not disclosed)
No. of shareholders: 20
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Operates 116 beauty saloons: esthetic saloons 71, hair saloons 40, shape studio 5, sports clubs, other, servicing bridal esthetic, nail & foot care, head spa, thalasso therapy, other (--100%)
(Saloon names): Socie, Beauty Avenue, Le Grand Socie, Next, Socie 245, Thalgo
Clients: [Mfrs, wholesalers] Consumers (50%), Takashimaya, Odakyu Electric Railway, Sogo & Seibu Co, East Japan Railway Co, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Institute Esthedarm Japan, Guerlain Co, Sunmode Tagami, Takashimaya, Odakyu Electric Railway, Sogo & Seibu Co, other
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are owned and maintained satisfactorily.
Bank References:
Shoko Chukin Bank (Shinjuku)
Tokyo Tomin Bank (Higashi-Shinjuku)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2013 |
31/03/2012 |
31/05/2011 |
31/05/2010 |
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Annual
Sales |
|
15,000 |
14,300 |
16,500 |
18,600 |
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Recur.
Profit |
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Net
Profit |
|
600 |
563 |
117 |
655 |
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Total
Assets |
|
|
13,273 |
13,005 |
13,530 |
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Current
Assets |
|
|
5,460 |
4,596 |
4,887 |
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Current
Liabs |
|
|
10,621 |
9,681 |
10,675 |
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Net
Worth |
|
|
897 |
1,185 |
1,068 |
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Capital,
Paid-Up |
|
|
69 |
69 |
69 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.90 |
4.00 |
-11.29 |
-8.60 |
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Current Ratio |
|
.. |
51.41 |
47.47 |
45.78 |
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N.Worth Ratio |
.. |
6.76 |
9.11 |
7.89 |
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R.Profit/Sales |
|
.. |
.. |
.. |
.. |
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N.Profit/Sales |
4.00 |
3.94 |
0.71 |
3.52 |
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Return On Equity |
.. |
62.76 |
9.87 |
61.33 |
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Notes:
Accounting term changed in 2012 term to Apr/Mar from Jun/May.
Forecast
(or estimated) figures for the 31/03/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.34 |
|
UK Pound |
1 |
Rs.82.56 |
|
Euro |
1 |
Rs.70.10 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.