|
Report Date : |
28.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
IKON EUROPUBS KK |
|
|
|
|
Registered Office : |
14-5 Daikyocho Shinjukuku Tokyo 160-0015 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
April, 2001 |
|
|
|
|
Com. Reg. No.: |
0111-01-042685 (Tokyo-Shinjukuku) |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Import, wholesale of beer, wine, cider, foodstuffs |
|
|
|
|
No. of Employees : |
13 |
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 |
|
Maximum Credit Limit: |
Yen 15.0 million |
|
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 |
IKON
EUROPUBS KK
REGD
NAME: Ikon Europubs KK
MAIN
OFFICE: 14-5 Daikyocho Shinjukuku Tokyo
160-0015 Japan
Tel: 03-5369-3601 Fax: 03-5369-3602
URL: http://www.ikon-europubs.com
E-Mail address: sub_contac@ikon-europubs.com
Import, wholesale of beer, wine, cider,
foodstuffs
Nil
TREVOR ALLEN, PRES
Toshikazu Ikemura, dir
Yen Amount: In
million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 814 M
PAYMENTS NO
COMPLAINTS CAPITAL Yen 36 M
TREND UP WORTH Yen 267 M
STARTED 2001 EMPLOYES 13
TRADING FIRM SPECIALIZING IN BEER, WINE,
OTHER.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 15.0 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by
Trevor Allen in order to make most of his experience in the subject line of
business. This is a trading firm for
import and wholesale of beer, wine, cider, other. Goods are imported from Europe, Asia,
other. Clients include major beer
makers, beer wholesalers, other
Financials are only partially disclosed.
The sales volume for Dec/2012 fiscal term
amounted to Yen 814 million, a 12% up from Yen 730 million in the previous
term. The net profit is estimated posted
at Yen 40 million, compared with Yen 35 million a year ago. Profits are not disclosed and the figures are
estimated only.
For the current term ending Dec 2013 the net
profit is projected at Yen 45 million, on a recurring 4% rise in turnover, to
Yen 850 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit
limit is estimated at Yen 15.0 million, on 30 days normal terms.
Date
Registered: Apr 2001
Regd
No.: 0111-01-042685
(Tokyo-Shinjukuku)
Legal
Status: Limited
Company (Kabushiki Kaisha)
Authorized: 735 shares
Issued:
735 shares
Sum:
Yen
36.73 million
Major
shareholders (%): Trevor Allen (100)
Nothing detrimental is known as to the
commercial morality of executives.
Activities: Imports and
wholesales beer, wine, cider, foodstuffs, other (--100%)
Clients: [Mfrs,
wholesalers] Meidi-Ya, Kokubu Ltd, Sapporo Lion Beer, Ikemitsu Enterprise,
Kawachiya Co, Nihon Shuruihanbai Co, Genos Group, Mitsubishi Shokuhin Co,
Nippon Access Inc, Yamaya Corp, Cordon Vert Co, other
No. of accounts: 350
Domestic areas of activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Anheuser-Busch InBev NV, Heineken BV, Marston’s Beer Co PLC, Sab
Miller PLC, San Miguel Brewery Inc, Tiger Export Pte Ltd, Paulaner Brauerei
GmbH, other.
Widely imported from: Australia, Singapore,
Thailand, Germany, UK, Czech, Ireland, Italy, Greece, Philippines, Mexico,
other
Payment
record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are owned and maintained satisfactorily.
Bank
References:
Mizuho Bank (Yotsuya)
MUFG (Aoyamadori)
Relations: Satisfactory
(In
Million Yen)
|
Terms Ending: |
|
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
Annual
Sales |
|
850 |
814 |
730 |
625 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
45 |
40 |
35 |
30 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
267 |
227 |
192 |
|
Capital,
Paid-Up |
|
|
36 |
36 |
36 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth
Rate |
4.42 |
11.51 |
16.80 |
-99.81 |
|
|
Current
Ratio |
|
|
.. |
.. |
.. |
|
N.Worth
Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
5.29 |
4.91 |
4.79 |
4.80 |
|
Notes: Financials are only partially
disclosed. Profits are not precisely
disclosed and are estimated only.
Forecast (or estimated) figures for the
31/12/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.36 |
|
|
1 |
Rs.101.11 |
|
Euro |
1 |
Rs.84.67 |
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.