MIRA
INFORM REPORT
|
Report Date : |
22.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
NICHIFUTSU BOEKI
KK |
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|
|
|
Registered Office : |
DF Kasumigaseki
Place 3-6-8 Kasumigaseki Chiyodaku Tokyo 100-0013 |
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|
|
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Country : |
Japan |
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|
Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
May 1954 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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|
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Line of Business : |
Import,
wholesale of foods food ingredients, beverage |
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|
No. of Employees : |
40 |
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
Company name and address
NICHIFUTSU BOEKI KK
REGD NAME: Nichifutsu
Boeki KK
MAIN OFFICE: DF
Kasumigaseki Place 3-6-8 Kasumigaseki Chiyodaku Tokyo 100-0013 JAPAN
Tel:
03-5510-2651 Fax: 03-5510-2651
URL: http//:www.nbkk.co.jp
E-mail: (thru the URL)
ACTIVITIES
Import, wholesale
of foods food ingredients, beverage
BRANCHES
Osaka, Fukuoka
FACTORIES
(Switz)
OFFICER(S)
GULLATAUM CALLOUD,
PRES
Masakazu Okoshi,
dir
Takeshi Kadowaki,
dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,114 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
100 M
TREND UP WORTH Yen 41 M
STARTED 1954 EMPLOYES 40
COMMENT
TRADING FIRM
HANDLING FOODS ADDITIVES, OWNED BY SWISS Fund’s
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS
HIGHLIGHTS
The subject company was established by Compaigne Commerciale Denysiana
(Switzerland) and a member of Denis Group.
This is a trading firm for import, wholesale of food, food additives,
beverages. Goods are imported from
Europe, and of recent development imports are from Vietnam, Thailand,
other. Clients include major food
makers, restaurants, other.
FINANCIAL INFORMATION
The sales volume for Dec/2012 fiscal term amounted to Yen 2,114 million,
an 11% up from Yen 1,913 million in the previous term. Imports rose.
The recurring profit was posted at Yen 115 million and the net profit at
Yen 60 million, respectively, compared with Yen 70 million recurring profit and
Yen 220 million net profit, respectively, a year ago. .
For the current term ending Dec/2013 the recurring profit is projected
at Yen 120 million and the net profit at Yen 70 million, respectively, on a 4%
rise in turnover, to Yen 2,200 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
REGISTRATION
Date Registered: May 1954
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized:
800,000
Issued: 200,000
shares
Sum: Yen 100 million
Major
shareholders (%): Denis Japan SA (100%)
Nothing detrimental is known as to the
commercial morality of executives.
OPERATION
Activities: imports and
wholesales food additives, foods, beverages, mineral water, other (--100%).
Clients: [Mfrs, wholesalers]
Mitsubishi Foods, Kokubu Ltd, Mitsui Foods, Seijo Ishii, Italian Foods,
Travellers, Union Liquors, other
No. of accounts:
500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Imports from Europe, Thailand, Vietnam, other,
Payment record: No complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References: MUFG
(Aoyamadori)
Shoko Chukin
Bank (Shibuya)
Relations:
^Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
|
Annual
Sales |
|
2,200 |
2,114 |
1,913 |
|
Recur.
Profit |
|
120 |
115 |
70 |
|
Net
Profit |
|
70 |
60 |
20 |
|
Total
Assets |
|
|
1,046 |
1,913 |
|
Current
Assets |
|
|
937 |
842 |
|
Current
Liabs |
|
|
344 |
995 |
|
Net
Worth |
|
|
41 |
-18 |
|
Capital,
Paid-Up |
|
|
100 |
100 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.07 |
10.51 |
2.30 |
|
|
Current Ratio |
|
.. |
272.38 |
84.62 |
|
N.Worth Ratio |
.. |
3.92 |
-0.94 |
|
|
R.Profit/Sales |
|
5.45 |
5.44 |
3.66 |
|
N.Profit/Sales |
3.18 |
2.84 |
1.05 |
|
Notes: Forecast (or
estimated) figures for the 31/12/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.89 |
|
|
1 |
Rs.101.14 |
|
Euro |
1 |
Rs.84.42 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.