MIRA INFORM REPORT

 

 

Report Date :

30.04.2014            

 

IDENTIFICATION DETAILS

 

Name :

AEON TOPVALUE CO LTD

 

 

Registered Office :

Aeon Tower Annex 4F, 1-4 Nakase Mihamaku Chiba 261-0023　

 

 

Country :

Japan

 

 

Financials (as on) :

28.02.2013

 

 

Date of Incorporation :

January  1979

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Subject is a Convenience store operator, operating 7 stores centrally in the greater-Tokyo area, handling foods, whisky, beverages, wines, cakes, bread, daily necessities.

 

 

No. of Employees

440

 

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 AND ADDRESS

 

 

AEON TOPVALUE CO LTD

 

REGD NAME:   Aeon Topvalue KK

MAIN OFFICE:  Aeon Tower Annex 4F, 1-4 Nakase Mihamaku Chiba 261-0023　JAPAN

                        Tel: 043-310-9211      Fax: 043-310-9251

 

URL:                 http://www.topvalue.net

E-Mail address: (thru the URL)

 

 

ACTIVITIES

 

Convenience store operator, operating 7 stores

 

 

BRANCHES     

 

Tokyo, other

 

 

OFFICERS

 

CHOZO NAKAYA, PRES           Hidekazu Yamada, dir

Hiroshi Yokoo, dir                     Norio Yokoyama, dir

Masanori Nakaya, dir                 Shozo Arai, dir

                       

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY      

 

FINANCES        FAIR     A/SALES          Yen 91,228 M

PAYMENTSNO COMPLAINTS    CAPITAL           Yen 572 M

TREND UP                                WORTH            Yen 7,183 M     

STARTED         1979                             EMPLOYES      440

 

 

COMMENT      

 

CONVENIENCE STORE OPERATOR, OWNED BY AEON CO LTD.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       


 

HIGHLIGHTS

           

This is a convenience operator, owned by Aeon Co Ltd (See REGISTRATION), operating 7 stores in the great-Tokyo area.  Handles apparel, foods, liquors, confectionery, daily necessities, other.  Clients include consumers, Aeon Retail Co, and Aeon group firms.

 

 

FINANCIAL INFORMATION

           

The sales volume for Feb/2013 fiscal term amounted to Yen 91,228 million, a shade up from Yen 90,542 million in the previous term.  The recurring profit was posted at Yen 1,776 million and the net profit at Yen 998 million, respectively, compared with Yen 2,525 million recurring profit and Yen 1,450 million net profit, respectively, a year ago.

 

For the term that ended Feb 2014 the recurring profit was projected at Yen 1,850 million and the net profit at Yen 1,000 million, respectively, on a 5% rise in turnover, to Yen 95,500 million.  Final results are yet to be released.

 

The financial situation is considered FAIR and good for ORDINARY business engagements. 

 

 

REGISTRATION

 

Date Registered:  Jan 1979

Legal Status:       Limited Company (Kabushiki Kaisha)

Authorized:         45 million shares

Issued:                11.445 million shares

Sum:                   Yen 572.25 million

Major shareholders (%): Aeon Co Ltd* (88.7), Marubeni Corp (11.3)

No. of shareholders: 2

 

*.. Top-ranked operator of general merchandize stores, Chiba, founded 1926, listed Tokyo S/E, capitalYen 220,007 million, sales Yen 5,685,303 million, operating profit Yen 190,999 million, recurring profit Yen 212,907 million, total assets Yen 6,891,644 million, net worth Yen 1,087,416 million, employees 9,074, pres Motoya Okada

 

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

 

 

OPERATION

           

Activities: Convenience store operator, operating 7 stores centrally in the greater-Tokyo area, handling foods, whisky, beverages, wines, cakes, bread, daily necessities, other (--100%)

 

Clients: [Mfrs, wholesalers] Aeon Retail, Aeon group firms, other 

No. of accounts: Unavailable

Domestic areas of activities: Centered in the greater-Tokyo

 

Suppliers: [Mfrs, wholesalers] Emiya International, K Endo, Royal Co, Japan Access, other

 

Payment record: No complaints

 

Location: Business area in Chiba.  Office premises at the caption address are owned by the parent, Aeon Co Ltd, and maintained satisfactorily.

 

Bank References:

MUFG ((H/O)

Mizuho Bank (H/O)

Relations: Satisfactory

 

 

FINANCES

 

(In Million Yen)

       Terms Ending:

28/02/2014

28/02/2013

29/02/2012

28/02/2011

Annual Sales

　

95,500

91,228

90,542

70,670

Recur. Profit

　

1,850

1,766

2,525

919

Net Profit

　

1,000

998

1,450

446

Total Assets

　

　

25,700

27,184

19,406

Current Assets

　

　

24,867

26,392

18,678

Current Liabs

　

　

17,214

19,018

10,635

Net Worth

　

　

7,183

6,406

4,879

Capital, Paid-Up

　

　

572

572

572

Div.Ttl in Million (¥)

　

　

584.00

58.00

87.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

4.68

0.76

28.12

-13.87

    Current Ratio

..

144.46

138.77

175.63

    N.Worth Ratio

..

27.95

23.57

25.14

    R.Profit/Sales

1.94

1.94

2.79

1.30

    N.Profit/Sales

1.05

1.09

1.60

0.63

    Return On Equity

..

13.89

22.64

9.14

 

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.