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Report Date : |
24.09.2013 |
IDENTIFICATION DETAILS
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Name : |
MEIJIYA SANGYO CO LTD |
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Registered Office : |
Sphinx Center 7F, 2-14-1 Hakataeki-Higashi Hakataku Fukuoka 812-0013 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
April 1972 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Subject is engaged in Restaurant
operator, retail of meat, cooked food. |
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No. of Employees : |
448 |
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 |
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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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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 econom
Source
: CIA
MEIJIYA SANGYO CO LTD
REGD NAME: Meijiya Sangyo KK
MAIN OFFICE: Sphinx Center 7F, 2-14-1 Hakataeki-Higashi Hakataku Fukuoka 812-0013 Japan
Tel: 092-432-9511
Fax: 092-432-9611
URL: http://www.mj-sangyo.co.jp
E-Mail address: hp-privacy@mj-sangyo.co.jp
Restaurant operator, retail of
meat, cooked food, other
Tokyo, Kyoto, Nogata (Fukuoka),
145 (restaurants/meat shops)
China
YUMI SATOH, PRES Kazuya Tanio, v pres
Tomoharu Nishiyama, adv Toshinao Tanaka, dir
kuo Maruyama, dir Minoru Takasaki, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 29,010 M
PAYMENTS REGULAR CAPITAL Yen 98 M
TREND UP WORTH Yen 4,885 M
STARTED 1972 EMPLOYES 448
RESTAURANT OPERATOR.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was
established originally in 1962 as a meat shop, and was incorporated in
1972. This is a restaurant operator with
meat shops attached. Operates 145
restaurants nationally. It also sells
meat, cooked foods (Chinese food), liquors, other.
Financials are only partially
disclosed.
The sales volume for Mar/2013 fiscal
term amounted to Yen 29,010 million, a 5% up from Yen 30,576 million in the
previous term. The net profit was posted
at Yen 381 million, compared with Yen 319 million a year ago. Profits include those coming from the sale of
assets.
For the current term ending Mar
2014 the net profit is projected at Yen 400 million, on a 5% rise in turnover,
to Yen 30,500 million.
The financial situation is
considered FAIR and good for ORDINARY business engagements.
Date Registered: Apr 1972
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 784,000 shares
Issued:
196,000 shares
Sum: Yen
98 million
Major shareholders (%): Kazuya Tanio (25), Naomi Satoh (23), Tanio Kosan KK (20),
other
No. of shareholders: 7
Nothing detrimental is known as to
the commercial morality of executives.
Activities: Restaurant
operator of 145 shops, attached with meat shops, processed food (Chinese
foods), liquor, other (--100%)
Clients: [Mfrs, wholesalers,
consumers] Sunlive Group firms, Kintetsu Department Store group firms,
Takashimaya Group firms, other
No. of accounts: 200 (Wholesales
Div)
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs,
wholesalers] Nichirei Foods Inc, Itoham Foods Inc, Hayashikane Sangyo, other.
Payment record: Regular
Location: Business
area in Hakata. Office premises at the
caption address are owned and maintained satisfactorily.
Bank References: Nishi Nippon City Bank (H/O)
Bank
of Fukuoka (H/O)
Relations:
Satisfactory
(In Million Yen)
|
Terms
Ending: |
|
31/03/2014 |
31/03/2013 |
31/03/2012 |
31/03/2011 |
|
Annual
Sales |
|
30,500 |
29,010 |
30,576 |
31,794 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
400 |
381 |
319 |
319 |
|
Total
Assets |
|
|
N/A |
N/A |
11,765 |
|
Net
Worth |
|
|
4,885 |
4,619 |
4,396 |
|
Capital,
Paid-Up |
|
|
98 |
98 |
98 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical
Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
5.14 |
-5.12 |
-3.83 |
2.93 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
37.37 |
|
|
N.Profit/Sales |
1.31 |
1.31 |
1.04 |
1.00 |
|
Notes: Financials are only
partially disclosed.
Forecast (or estimated) figures
for the 31/03/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.52 |
|
|
1 |
Rs.100.26 |
|
Euro |
1 |
Rs.84.67 |
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.