MIRA INFORM REPORT

 

 

Report Date :

25.09.2013

 

IDENTIFICATION DETAILS

 

Name :

NIPPON RESTAURANT SYSTEM INC

 

 

Registered Office :

NRS Bldg, 10-11 Sarugakucho Shibuyaku Tokyo 150-0033

 

 

Country :

Japan

 

 

Financials (as on) :

28.02.2013

 

 

Date of Incorporation :

Jun 1973

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Operator of Restaurant Chains.

 

 

No. of Employees :

935

 

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

 

COMPANY NAME

 

NIPPON RESTAURANT SYSTEM INC

 

 

REGD NAME

 

Nippon Restaurant System KK

 

 

MAIN OFFICE

 

NRS Bldg, 10-11 Sarugakucho Shibuyaku Tokyo 150-0033 JAPAN

Tel: 03-5456-0123      Fax: 03-5456-0140

URL:                 http://www.n-ns.co.jp

E-Mail address:            syspre@n-ns.co.jp

 

 

ACTIVITIES     

 

Operator of restaurant chains

 

 

RESTAURANTS

 

428 nationwide

 

 

OVERSEAS     

 

Singapore, China

 

 

OFFICERS

           

MINORU YAMAUCHI, PRES      Hiroshi Ohbayashi, ch

Toshiyuki Naganuma, mgn dir    Takeshi Kidaka, mgn dir

Nobuaki Yazawa, mgn dir                       Masato Tani, dir

           

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES        FAIR                 A/SALES          Yen 28,883 M

PAYMENTSREGULAR   CAPITAL           Yen 3,505 M

TREND UP                    WORTH            Yen 31,547 M

STARTED         1973                 EMPLOYES      935

 

 

COMMENT      

 

RESTAURANT CHAINS OPERATOR.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 1,556.4 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company is a restaurant chain operator belonging to Doutor-Nichires Holdings Co Ltd.  This is a restaurant chain operator, operating 428 restaurants nationwide overseas 2 in China & Singapore. 

 

 

FINANCIAL INFORMATION

           

The sales volume for Feb/2013 fiscal term amounted to Yen 28,883 million, a 2% up from Yen 28,225 million in the previous term.  One new restaurant was opened.  The recurring profit was posted at Yen 3,257 million and the net profit at Yen 2,589 million, respectively, compared with Yen 3,098 million recurring profit and Yen 1,465 million net profit, respectively, a year ago.

 

For the current term ending Feb 2014 the recurring profit is projected at Yen 3,500 million and the net profit at Yen 2,700 million, respectively, on a 4% rise in turnover, to Yen 30,000 million. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 1,556.4 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:                                   Jun 1973

Legal Status:                            Limited Company (Kabushiki Kaisha)

Authorized:                              28 million shares

Issued:                                     7,011,300 shares

Sum:                                        Yen 3,505.65 million

      Major shareholders (%):                 Doutor-Nichires Holdings Co Ltd* (100)

           

*.. Holding Company established thru management consolidation between Doutor and Nippon Restaurant System, founded 2007, listed Tokyo S/E, capital Yen 1,000 million, sales Yen 107,825 million, operating profit Yen 7,179 million, recurring profit Yen 7,653 million, net profit Yen 3,598 million, total assets Yen 105,966 million, net worth Yen85,299 million, employees 2,336, pres Masanori Hoshino

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

           

Activities: Restaurant chain operator of 428 restaurants nationwide, two overseas in Singapore and China (--100%)

 

Clients: Consumers, individual visitors, other 

            No. of accounts: Unavailable

            Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] Nippon Restaurant Delivery, Nippon Restaurant Foods, Nippon Restaurant Products, other

 

Payment record: Regular

 

Location: Business area in Toyo.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:

            MUFG (Shibuya)

            Mizuho Bank (Shinjuku-Minamiguchi)

            Relations: Satisfactory

 

 

FINANCES

 

 (In Million Yen)

       Terms Ending:

28/02/2014

28/02/2013

29/02/2012

28/02/2011

Annual Sales

　

30,000

28,883

28,225

28,476

Recur. Profit

　

3,500

3,257

3,098

3,161

Net Profit

　

2,700

2,589

1,465

1,835

Total Assets

　

　

35,471

35,319

36,141

Current Assets

　

　

5,036

4,204

4,148

Current Liabs

　

　

2,971

3,717

3,787

Net Worth

　

　

31,547

30,667

31,724

Capital, Paid-Up

　

　

3,505

3,505

3,505

Div.Ttl in Million (¥)

　

　

1,750

1,562

809

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.87

2.33

-0.88

0.05

    Current Ratio

 

..

169.51

113.10

109.53

    N.Worth Ratio

..

88.94

86.83

87.78

    R.Profit/Sales

 

11.67

11.28

10.98

11.10

    N.Profit/Sales

9.00

8.96

5.19

6.44

    Return On Equity

..

8.21

4.78

5.78

 

Notes: Forecast (or estimated) figures for the 28/02/2014 fiscal term.

 

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.