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Report Date : |
01.08.2014 |
IDENTIFICATION DETAILS
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Name : |
POKKA SAPPORO FOOD & BEVERAGE LTD |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
March 2012 |
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Com. Reg. No.: |
1800-01-104778 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturing of foods & beverages, confectionery |
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No. of Employees |
1,045 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Maximum Credit Limit : |
Yen 1,865.4 Million |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
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
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Source
: CIA |
POKKA
SAPPORO FOOD & BEVERAGE LTD
REGD NAME: Pokka
Sapporo Food & Beverage KK
MAIN OFFICE: Nagoya
Hirokoji Place 6F, 4-2-29 Sakae Nakaku Nagoya 460-0008 JAPAN
Tel:
052-249-5583 Fax: 052-249-9690
*.. The is its Tokyo
Head Office
URL: http://www.pokkasapporo-fb.jp
E-Mail address: (thru the URL)
Mfg of foods &
beverages, confectionery
Tokyo, Nagoya,
Osaka, other (Tot 8)
Singapore, Hong
Kong, Malaysia
Nagoya, Gunma,
Toyoda, other (Tot 5)
KIWAMUKUNIHIRO,
PRES Koji Yamauchi, s/mgn dir
Yuji Ihiguro, mgn
dir Shin’ichi Masaya,
mgn dir
Teruji Tsuyuki,
dir Takeshi Kimoto,
dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR
A/SALES Yen 83,225 M
PAYMENTSSLOW BUT
CORRECT CAPITAL Yen 5,431 M
TREND UP
WORTH Yen 25,073 M
STARTED 2012
EMPLOYES 1,045
MFR OF FOOD, BEVERAGE, CONFECTIONERY, OTHER.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
ESTIMATED AT YEN 1,865.4 MILLION, ON 30 DAYS
NORMAL TERMS.
The subject company was established jointly by Pokka Corp and Sapporo
Beverage Corp in Jan 2013. It belongs
under Sapporo Holdings Ltd (See REGISTRATION). This is a specialized mfr of food, beverage,
confectionery, other. Also operate
coffee shop chains named “Café de Crie”, not only in Japan but also overseas
(Singapore, Hong Kong and Malaysia).
Clients include food mfrs, other.
The sales volume for Dec/2013 fiscal term (initial accounting term from
the inception) amounted to Yen 83,225 million, a 29% up from Yen 64,391 million
(results of the old Pokka Corporation) in the previous term. The recurring profit was posted at Yen 333
million and the net profit at Yen 18,134 million, respectively, compared with
Yen 1,921 million recurring profit and Yen 1,156 million net profit,
respectively, a year ago. Integration
costs and extraordinary losses ate into profits.
For the current term ending Dec 2014 the recurring profit is projected
at Yen 2,000 million and the net profit at Yen 1,300 million, respectively, on
a 5% rise in turnover, to Yen 87,500 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 1,865.4 million, on 30 days normal terms.
Date Registered:
Mar 2012
Regd No.:
1800-01-104778 (Nagoya-Nakaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 434,523 shares
Issued: 108,631 shares
Sum: Yen 5,481,568,000.00
Major
shareholders (%): Sapporo Holdings Ltd* (100)
*.. Fourth-ranked
mfr of alcoholic beverages in Japan, Tokyo, founded 1949, listed Tokyo S/E, capital
Yen 53,886 million, sales Yen 509,834 million, operating profit Yen 15,344
million, recurring profit Yen 15,130 million, net profit Yen 9,451 million,
total assets Yen 589,998 million, net worth Yen 142,822 million, employees
7,434, pres Tsutomu Kamijo
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures
food (basically soup), beverage (based on lemon), confectionery, operation of
coffee chain shops (domestically & overseas), other (--100%)
Clients: [Mfrs,
wholesalers] Kokubu & Co, Mitsubishi Foods, Mitsui Foods, Kato Sangyo Co,
Nippon Access Inc, other
No. of accounts:
500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Daiwa Can Co, Yoshino Kogyosho, Toyo Seikan Co, Dynapac Co, Fuji
Seal International Inc, other
Payment record: Slow but correct
Location: Business area in
Nagoya. Office premises at the caption
address are leased and maintained satisfactory.
Bank References:
Mizuho Bank
(Ohtemachi)
SMBC (Nagoya)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
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Annual
Sales |
|
87,500 |
83,225 |
64,391 |
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Recur.
Profit |
|
2,000 |
333 |
1,921 |
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Net
Profit |
|
1,300 |
-18,134 |
1,156 |
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Total
Assets |
|
|
68,604 |
35,983 |
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Current
Assets |
|
|
35,956 |
607 |
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Current
Liabs |
|
|
34,583 |
818 |
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Net
Worth |
|
|
25,073 |
35,164 |
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Capital,
Paid-Up |
|
|
5,431 |
10 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
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<Analytical Data> |
|
(%) |
(%) |
(%) |
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S.Growth Rate |
|
5.14 |
29.25 |
0.73 |
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Current Ratio |
|
.. |
103.97 |
74.21 |
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N.Worth Ratio |
|
.. |
36.55 |
97.72 |
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R.Profit/Sales |
|
2.29 |
0.40 |
2.98 |
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N.Profit/Sales |
|
1.49 |
-21.79 |
1.80 |
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Return On Equity |
|
.. |
-72.32 |
3.29 |
Notes: The
31/12/2012 figures are those of the former Pokka Corporation.
Forecast (or
estimated) figures for the 31/12/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.25 |
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|
1 |
Rs.101.92 |
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Euro |
1 |
Rs.80.70 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
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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 |
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-- |
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.