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Report Date : |
16.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
MONTE BUSSAN KK |
|
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|
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Registered Office : |
Aoyama Oval Bldg 6F, 5-52-2 Jingumae Shibuyaku Tokyo 150-0001 |
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|
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Country : |
Japan |
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|
|
Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
May 1974 |
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Com. Reg. No.: |
0110-01-025901 |
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Legal Form : |
Limited Company |
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Line of Business : |
Imports and wholesales wines, pasta, olive oil, canned tomato,
bottled/canned vegetables, cheese, balsamic vinegar, wine vinegar,
confectionery, other foodstuffs from Italy |
|
|
|
|
No. of Employees |
140 |
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 |
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Payment Behaviour : |
No complaints |
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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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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.
Prime Minister Shinzo ABE has declared the economy his government's top
priority; he has overturned his predecessor's plan to permanently close nuclear
power plants and is pursuing an economic revitalization agenda of fiscal
stimulus, monetary easing, and structural reform. Japan joined the Trans
Pacific Partnership negotiations in 2013, a pact that would open Japan's
economy to increased foreign competition and create new export opportunities
for Japanese businesses. Measured on a purchasing power parity (PPP) basis that
adjusts for price differences, Japan in 2013 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 is exceeding 230% of GDP. To help raise
government revenue and reduce public debt, Japan decided in 2013 to gradually
increase the consumption tax to a total of 10% by the year 2015. Japan is
making progress on ending deflation due to a weaker yen and higher energy
costs, but reliance on exports to drive growth and an aging, shrinking
population pose other major long-term challenges for the economy
|
Source
: CIA |
MONTE BUSSAN KK
REGD NAME: Monte
Bussan KK
MAIN OFFICE: Aoyama
Oval Bldg 6F, 5-52-2 Jingumae Shibuyaku Tokyo 150-0001 JAPAN
Tel:
03-5466-4510 Fax: 03-5466-4509
URL: http://www.montebussan.co.jp
E-Mail
address: (thru the URL)
Import,
wholesale of wines, pasta, Italian foodstuffs
Sapporo,
Sendai, Nagoya, Osaka, Hiroshima, Fukuoka
Milan
(Italy)
TOSHIO
HAMANA, PRES Noriyuki Kanda, dir
Hideo
Nakamura, dir Shuji
Oniwa, dir
Hiroshi
Matsui, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 13,000 M*
PAYMENTSREGULAR CAPITAL Yen
80 M
TREND UP WORTH Yen 4,603 M
STARTED 1974 EMPLOYES 140
*..
Estimated only as not precisely disclosed
TRADING FIRM SPECIALIZING WINES AND ITALIAN FOODSTUFFS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject
company was established on the basis of a trading division separated from
Suntory Ltd (now Suntory Holdings Inc) and became a subsidiary of Suntory Wine
International Ltd (See REGISTRATION). This is a trading firm for import and
wholesale of wines, pasta, vinegar, olive oil, cheese, other Italian foodstuffs
(See OPERATION). Goods are imported from Italy. Clients include food makers, wholesalers,
other
The sales
volume for Dec/2013 fiscal term is estimated (as not precisely disclosed)
amounted to Yen 13,000 million, an 8% up from Yen 12,000 million in the
previous term. The net profit was posted
at Yen 280 million, compared with Yen 684 million a year ago.
For the
current term ending Dec 2014 the net profit is projected at Yen 13,500 million,
on a 4% rise in turnover, to Yen 13,500 million.
The
financial situation is considered FAIR and good for ORDINARY business
engagements. Max credit limit is
estimated at Yen 541.1 million, on 30 days normal terms.
Date Registered: May 1974
Regd No.: 0110-01-025901 (Tokyo-Shibuyaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
640,000 shares
Issued:
160,000 shares
Sum: Yen 80 million
Major shareholders
(%): Suntory Wine International Ltd* (90), Employees’ S/Holding
Assn (10)
No. of shareholders: 2
*.. Suntory Wine International
Ltd, winery in Tokyo, founded 2008, capital Yen 2,000 million, sales Yen 28,222
million, net profit Yen 532 million, employees 210, pres Ko Sakurai
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and wholesales wines, pasta,
olive oil, canned tomato, bottled/canned vegetables, cheese, balsamic vinegar,
wine vinegar, confectionery, other foodstuffs from Italy (--100%).
Clients: [Mfrs, wholesalers] Meidi-Ya,
Mitsubishi Foods, Nisshoku, Takase Bussan Co, Royal, Costco Wholesale, Italian
Tomato, other
No. of
accounts: 300
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Imports from Italy
Payment record: Regular
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Shibuya-Chuo)
SMBC
(Kojimachi)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
|
Annual
Sales |
|
13,500 |
13,000 |
12,000 |
11,000 |
|
Recur.
Profit |
|
|
|
|
|
|
Net
Profit |
|
750 |
280 |
684 |
419 |
|
Total
Assets |
|
|
6,699 |
6,178 |
5,773 |
|
Current
Assets |
|
|
5,577 |
5,096 |
4,705 |
|
Current
Liabs |
|
|
1,883 |
1,655 |
1,565 |
|
Net
Worth |
|
|
4,603 |
4,322 |
3,918 |
|
Capital,
Paid-Up |
|
|
80 |
80 |
80 |
|
Div.P.Share(¥) |
|
|
|
|
|
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.85 |
8.33 |
9.09 |
0.00 |
|
|
Current Ratio |
|
.. |
296.18 |
307.92 |
300.64 |
|
N.Worth Ratio |
.. |
68.71 |
69.96 |
67.87 |
|
|
R.Profit/Sales |
|
.. |
.. |
.. |
.. |
|
N.Profit/Sales |
5.56 |
2.15 |
5.70 |
3.81 |
|
|
Return On Equity |
.. |
6.08 |
15.83 |
10.69 |
|
Notes: Financials are only partially disclosed. The 31/12/2013 fiscal term figures are only
estimated as not precisely disclosed.
Forecast
(or estimated) figures for the 31/12/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.26 |
|
|
1 |
Rs.100.70 |
|
Euro |
1 |
Rs.83.27 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
PDT |
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 |
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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 |
|
|
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.