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Report Date : |
21.04.2014 |
IDENTIFICATION DETAILS
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Name : |
WORLD SHOKAI YK |
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Registered Office : |
2-13-17 Uchima Urasoe Okinawa-Pref
901-2121 |
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Country : |
Japan |
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Financials (as on) : |
28.02.2014 |
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Date of Incorporation : |
December 1990 |
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Com. Reg. No.: |
3600-01-017758
(Okinawa-Urasoe) |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, wholesaler and retailer of Beer, Whisky, Awamori
(Strong Okinawa Liquor), Liquor & Sake |
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No of Employees : |
16 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Yen 39.6 Million |
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Status : |
Moderate |
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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 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate 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 |
WORLD SHOKAI YK
YK World Shokai
2-13-17 Uchima Urasoe
Okinawa-Pref 901-2121 JAPAN
Tel:
098-879-7339 Fax: 098-877-1005
URL: N/A
E-Mail address: e-awamori@shop.rakuten.co.jp
Importer, wholesaler
and retailer of Beer, Whisky, Awamori
(Strong Okinawa Liquor), Liquor & Sake
At the
caption address
Naha
KATSUJI
TAKARA, PRES Katsuichi Takara,
dir
Kiyoshi
Takara, dir Katsuyori
Takara, dir
Masahiko
Takara, dir
Yen
Amount: In million Yen, unless otherwise
stated
FINANCES FAIR A/SALES Yen 2,200 M
PAYMENTS No
Complaints CAPITAL Yen 42
M
TREND SLOW WORTH Yen
129 M
STARTED 1990 EMPLOYES 16
RETAILER OF LIQUORS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 39.6 MILLION, 30 DAYS NORMAL TERMS
The subject company
was established originally in 1975 by Katsuyori Takara for retailing liquors,
on his account, and was incorporated in 1990.
Katsuji is his son, who took the pres office in Jul 2005. This is a retailer, wholly owned and operated
by Takara family, of beer, whisky, awamori (strong Okinawa liquor), other
liquor, sake, others. Wines &
whiskies are imported from USA, UK, other.
Retail shop is at the caption address.
Goods are also wholesaled to supermarkets, liquor shops, other in
Okinawa-Pref.
Financials are only
partially disclosed as is the case with family-based companies.
The sales volume for
Feb/2013 fiscal term amounted to Yen 2,200 million, a 2% down from Yen 2,247 in
the previous term. The net profit was
posted at Yen 10 million, similarly in the previous term.
For the term that
ended Feb 2014 the net profit was projected at Yen 10 million, on a 3% rise in
turnover, to Yen 2,260 million. Final
results are yet to be released
The financial
situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 39.6
million, on 30 days normal terms.
Date Registered: Dec
1990
Regd No.: 3600-01-017758
(Okinawa-Urasoe)
Legal Status: Private Limited Company (Yugen Kaisha)
Regd Capital: Yen
42 million
Major shareholders (%): Katsuyori Takara (25), and
families (--76)
No. of shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, wholesales and retails wine, whisky, liquor, sake, other
(--100%)
Clients: Consumers, supermarkets, liquor shops, other
No. of accounts: 200 (Wholesales Div)
Domestic areas of
activities: Centered in Okinawa-Pref
Suppliers: [Mfrs, wholesalers] Orion Beer, The Terrace Hotels, Kobe Bussan Co,
Shimono Saketen, Naha Shurui Hambai (Awamori Club), Kiyabu Shoten, other
Imports beer &
whisky from USA, UK, other
Payment record: No
Complaints
Location: Business area in Urasoe, Okinawa-Pref. Office premises at the caption address are
owned and maintained satisfactorily.
Bank References:
· Okinawa Kaiho Bank (Uchima)
· Bank of Okinawa (Uchima)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
|
28/02/2014 |
28/02/2013 |
29/02/2012 |
28/02/2011 |
|
Annual
Sales |
|
2,260 |
2,200 |
2,247 |
2,100 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
10 |
10 |
10 |
12 |
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Total
Assets |
|
|
N/A |
N/A |
N/A |
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Net
Worth |
|
|
129 |
119 |
109 |
|
Capital,
Paid-Up |
|
|
42 |
42 |
42 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.73 |
-2.09 |
7.00 |
10.53 |
|
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Current Ratio |
.. |
.. |
.. |
||
|
N.Worth Ratio |
.. |
.. |
.. |
||
|
N.Profit/Sales |
0.44 |
0.45 |
0.45 |
0.57 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 28/02/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.38 |
|
UK Pound |
1 |
Rs.101.63 |
|
Euro |
1 |
Rs.83.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MNL |
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 |
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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 |
|
<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.