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Report Date : |
25.08.2014 |
IDENTIFICATION DETAILS
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Name : |
COCA-COLA BUSINESS SERVICES CO LTD |
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Registered Office : |
F Nissei Ebisu Bldg, 3-16-3 Higashi
Shibuyaku |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
June 1999 |
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Com. Reg. No.: |
0104-01-038096 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufactures (subcontracted to group firms) and supplies PET bottles, aluminum cans, other, offering business consultancy to group firms (--100%). |
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No of Employees : |
80 |
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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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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 |
COCA-COLA BUSINESS SERVICES CO LTD
Coca-Cola Business
Services KK
F Nissei Ebisu
Bldg, 3-16-3 Higashi Shibuyaku Tokyo 150-0011 Japan
Tel:
03-5774-3100
Fax: 03-5774-3120
URL: http//:www.ccibs.co.jp
E-mail: (thru the URL)
ACTIVITIES: Import,
wholesale of PET bottles, aluminum cans; business consultant
BRANCHES: Nil
FACTORIES: (subcontracted –
subsidiary)
OFFICER(S): SHUN’ICHI
NASU, PRES Masayoshi Fuse, rep dir
Tamio Yoshimatsu, dir Yasushi Kurata, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 206,454 M
PAYMENTSSLOW BURT
CORRECT CAPITAL Yen 34 M
TREND UP WORTH Yen (-) 632 M
STARTED 1999 EMPLOYES 80
COMMENT: SUPPLIER OF PET BOTTLES, ALUMINUM CANS TO
COCA-COLA GROUP BOTTLERS. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR
ORDINARY BUSINESS ENGAGEMENTS
The subject company was established by Coca-Cola Japan as its group consultant and supplier of bottles, cans, other to group 12 bottlers. In Jan 2009 merged in the supply/material procurement operations from Coca-Cola National Beverage Co Ltd and the operations/revenues expanded. It supplies PET bottles, aluminum cans, and other necessities to group bottlers. It also offers business consultancy to group firms.
The sales volume for Dec/2013 fiscal term amounted to Yen 206,454 million, a 4% down from Yen 214,467 million in the previous term. The operations turned into profitability to post Yen 460 million recurring profit and Yen 266 million net profit, respectively, compared with Yen 46 million recurring loss and Yen 29 million net losses, respectively, a year ago. Restructured and depreciation costs were substantially decreased.
For the current term ending Dec 2014 the recurring profit is projected at Yen 480 million and the net profit at Yen 270 million, respectively, on a 3% rise in turnover, to Yen 212,500 million. System integration of the group firms completed.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Jun 1999
Regd No.:
0104-01-038096
(Tokyo-Shibuyaku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized:
2,720 shares
Issued: 680
shares
Sum: Yen
34.8 million
Major shareholders
(%):
Coca-Cola Japan (15), Coca-Cola
West (15), Coca-Cola Central Japan (10), other
No.
of shareholders: 15
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures
(subcontracted to group firms) and supplies PET bottles, aluminum cans, other,
offering business consultancy to group firms (--100%).
Clients: [Group firms]
Coca-Cola West Holdings, Coca-Cola Central Japan, Coca-Cola Tokyo Bottling,
Hokkaido Coca-Cola Bottling, other
No. of accounts:
500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Daiwa Cans, Toyo Can Mfg, Mitsui & Co, IBM Japan, Fujitsu Ltd,
NTT Data, NEC, other..
Payment record: Slow But Correct
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
City Bank (H/O)
MUFG
(Shibuya-Meijidori)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
|
Annual
Sales |
|
212,500 |
206,454 |
214,467 |
192,606 |
|
Recur.
Profit |
|
480 |
460 |
-46 |
-410 |
|
Net
Profit |
|
270 |
266 |
-29 |
-285 |
|
Total
Assets |
|
|
25,061 |
25,339 |
23,268 |
|
Current
Assets |
|
|
17,714 |
17,657 |
15,986 |
|
Current
Liabs |
|
|
18,778 |
18,148 |
18,417 |
|
Net
Worth |
|
|
-632 |
-384 |
-1,223 |
|
Capital,
Paid-Up |
|
|
34 |
34 |
34 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
2.93 |
-3.74 |
11.35 |
-2.69 |
|
Current Ratio |
|
.. |
94.33 |
97.29 |
86.80 |
|
N.Worth Ratio |
|
.. |
-2.52 |
-1.52 |
-5.26 |
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R.Profit/Sales |
|
0.23 |
0.22 |
-0.02 |
-0.21 |
|
N.Profit/Sales |
|
0.13 |
0.13 |
-0.01 |
-0.15 |
Notes: Forecast
(or estimated) figures for the 31/12/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.77 |
|
|
1 |
Rs.100.72 |
|
Euro |
1 |
Rs.80.55 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
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 |
|
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.