MIRA
INFORM REPORT
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Report Date : |
23.11.2013 |
IDENTIFICATION DETAILS
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Name : |
ASAHI BREWERIES LTD |
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Registered Office : |
1-23-1 Azumabashi Sumidaku Tokyo 130-0001 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
August, 2010 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Brewery of beer, wines, whisky draft beer |
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No. of Employees : |
3,000 |
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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---- |
NB |
New Business |
---- |
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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 – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 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.
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Source
: CIA |
company name and address
ASAHI
BREWERIES LTD
REGD
NAME: Asahi Beer KK
MAIN
OFFICE: 1-23-1 Azumabashi Sumidaku Tokyo
130-0001 Japan
Tel: 03-5608-5111
URL: http//:www.asahibeerco.jp
E-mail: (thru
the URL)
ACTIVITIES
Brewery of beer, wines, whisky draft beer
BRANCHES
Hokkaido, Fukushima, Aichi
FACTORIES
Sapporo, Fukushima (2), Nagoya, Kanagawa
OFFICER(S)
AKIYOSHI KOJI, PRES Shin’ichi Hirano, s/mgn dir
Kazunori Shibata, mgn dir Ken’ichi Shiozawa, dir
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 920,844 M
PAYMENTS REGULAR CAPITAL Yen
20,000 M
TREND UP WORTH Yen 84,573 M
STARTED 2010 EMPLOYES 3,000
COMMENT
BEER BREWERY
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS
HIGHLIGHTS
The subject company is the largest beer
brewer in terms at market share.
Originally established 1949, and in 2010 founded a holding company,
Asahi Group Holdings inc and became its wholly owned subsidiary. Specializes in brewing beer, draft beer,
whisky, wines, other. Clients include
major liquor shops, makers, other, nationwide
FINANCIAL INFORMATION
The sales volume for Dec/2012 fiscal term
amounted to Yen 920,844 million, a 9% up from Yen 619,412 million in the
previous term. Newly cultivated malts
and light beer were sold widely and well.
The recurring profit was posted at Yen 99,108 million and the net profit
at Yen 56,524 million, respectively, compared with Yen 62,362 million recurring
profit and Yen 17,989 million net profit, respectively, a year ago. .
For the current term ending Dec/20134 the
recurring profit is projected at Yen 100,000 million and the net profit at Yen
57,000 million, respectively, on a 5% rise in turnover, to Yen 966,000 million.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
REGISTRATION
Date
Registered: Aug 2010
Legal
Status: Limited
Company (Kabushiki Kaisha)
Authorized: 1,600 shares
Issued:
400 shares
Sum:
Yen
20,000 million
Major
shareholders (%): Asahi Group Holdings Inc * (100)
*..
Holding company of the Asahi Group firms, founded 1947, listed Tokyo S/E, capital Yen
182,531 million, sales Yen1,579,076 million, operating profit yen 108,437
million, recurring profit Yen 114,821, net profit Yen 57,183, total assets Yen
1,748,265 million, net worth Yen 740,699 million, employees 17,939, pres Naoki
Izumiya
Nothing detrimental is known as to the
commercial morality of executives.
OPERATION
Activities: Brewery of beer,
draft beer, malts, whisky wines, other (--100%).
Clients: [Mfrs,
wholesalers] Kokubu Ltd, Itochu Foods, Mitsubishi Foods, other
No. of accounts: 1,000
Domestic areas of activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Showa Denko, Nikka Whisky, Nippon National Cans, Toyo Seikan,
Rengo, other,
Payment
record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are owned and maintained satisfactorily.
Bank
References:
SMBC (Osaka)
Mizuho Bank (Marunouchi-Chuo)
Relations: ^Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
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Annual
Sales |
|
966,000 |
920,844 |
519,462 |
0 |
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Recur.
Profit |
|
100,000 |
99,108 |
62,362 |
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Net
Profit |
|
57,000 |
56,524 |
37,989 |
-407 |
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Total
Assets |
|
|
876,300 |
820,585 |
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Current
Assets |
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236,538 |
408,818 |
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Current
Liabs |
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|
555,349 |
259,424 |
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Net
Worth |
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84,573 |
524,906 |
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Capital,
Paid-Up |
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|
20,000 |
20,000 |
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Div.P.Share(¥) |
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|
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth
Rate |
4.90 |
77.27 |
#DIV/0! |
.. |
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Current
Ratio |
|
.. |
42.59 |
157.59 |
.. |
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N.Worth
Ratio |
.. |
9.65 |
63.97 |
.. |
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R.Profit/Sales |
|
10.35 |
10.76 |
12.01 |
.. |
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N.Profit/Sales |
5.90 |
6.14 |
7.31 |
#DIV/0! |
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Return
On Equity |
.. |
66.83 |
7.24 |
.. |
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Notes: Financials are only partially
disclosed. The 31/12/2011 is the initial
accounting term.
Forecast (or estimated) figures for the
31/12/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.02 |
|
|
1 |
Rs.102.04 |
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Euro |
1 |
Rs.84.92 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
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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 |
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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.