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Report Date : |
21.04.2014 |
IDENTIFICATION DETAILS
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Name : |
CAMEL COFFEE CO
LTD |
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Registered Office : |
2-31-8 Daita Setagayaku Tokyo 155-0033 |
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Country : |
Japan |
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Financials (as on) : |
31.08.2013 |
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Date of Incorporation : |
September
1977 |
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Com. Reg. No.: |
0109-01-003292 |
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Legal Form : |
Limited
Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of coffee beans, foods, wines, alcoholic
beverages |
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No. of Employees |
1,270 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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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 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 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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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 |
CAMEL COFFEE CO LTD
REGD NAME: KK
Camel Coffee
MAIN OFFICE: 2-31-8
Daita Setagayaku Tokyo 155-0033 JAPAN
Tel:
03-3412-5640 Fax: 03-3412-5638
E-Mail
address: customer@kaldi.co.jp
Import,
wholesale of coffee beans, foods, wines, alcoholic beverages, other
335 stores
(Kaldi Coffee Farm); coffee shops, restaurants nationwide
Thailand
(4), Italy, Nepal
At the
caption address (roasting coffee beans)
NOBUO
ODA, PRES
Setsuko
Oda, dir
Shin’ichiro
Oda, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 69,400 M
PAYMENTS REGULAR CAPITAL Yen 50 M
TREND UP WORTH Yen 6,150 M
STARTED 1977 EMPLOYES 1,270
TRADING FIRM SPECIALIZNG IN COFFEE BEANS, FOODS, WINES;
MANAGEMENT OF STORES AND COFFEE
SHOPS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by Nobuo Oda as a
wholesaler of coffee beans to cafes & restaurants. It has since expanded operations to import
coffee beans, foods, wines, other, and operating food stores, coffee shops,
other. Has overseas offices in Italy,
Thailand and Nepal, where coffee shops are operated. This is a family-owned company. Goods are imported. Goods are also sold online and mail-order
systems. Actively opening new stores
nationwide.
Financials are only partially disclosed as is the case with
family-based companies.
The sales volume for Aug/2013 fiscal term amounted to Yen
69,400 million, an 11% up from Yen 62,600 in the previous term. The number of stores increased. Client’s networks expanded. The net profit was posted at Yen 1,200
million, compared with Yen 1,150 million a year ago.
For the current term ending Aug 2014 the net profit is
projected at Yen 1,250 million, on a 3% rise in turnover, to Yen 71,450
million. Business is seen expanding
steadily.
The financial situation is considered FAIR and good for
ORDINARY business engagements.
Date Registered: Sept 1977
Regd No.: 0109-01-003292 (Tokyo-Setagayaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
400,000 shares
Issued:
100,000 shares
Sum: Yen 50 million
Major shareholders (%): ODA Holdings* (100)
*.. Holding company owned by the
Oda families
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports coffee beans, foods, wines,
alcoholic beverages; manages stores, coffee shops, restaurants, on-line shops, others
(--100%)
Coffee beans are roasted at own
yard,
Clients: Consumers, restaurants, hotels, tea
houses, other
No. of
accounts: Unavailable
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Nikken Foods,
Tomen Foods, Toa Shoji Co, Ishimitsu & Co, Wataru Co,UCC Ueshima Coffee,
Overseas Corp, other
Payment record: Regular
Location:
Business area in Tokyo. Office premises
at the caption address are owned by N Oda as his private home residence and
maintained satisfactorily.
Bank References:
Resona
Bank (Shintoshin)
MUFG
(Setagaya)
Relations:
Satisfactory
In Million Yen)
|
Terms Ending: |
|
31/08/2014 |
31/08/2013 |
31/08/2012 |
31/08/2011 |
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Annual
Sales |
|
71,450 |
69,400 |
62,600 |
51,000 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
1,250 |
1,200 |
1,150 |
1,000 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
6,150 |
4,950 |
3,800 |
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Capital,
Paid-Up |
|
|
50 |
50 |
50 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.95 |
10.86 |
22.75 |
23.49 |
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Current Ratio |
.. |
.. |
.. |
||
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N.Worth Ratio |
.. |
.. |
.. |
||
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N.Profit/Sales |
1.75 |
1.73 |
1.84 |
1.96 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/08/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.38 |
|
|
1 |
Rs.101.63 |
|
Euro |
1 |
Rs.83.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
Report Prepared
by : |
NIS |
RATING EXPLANATIONS
|
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 |
|
|
-- |
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.