|
Report Date : |
22.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
INA BAKERY
CORPORATION |
|
|
|
|
Registered Office : |
7-4-1
Nishikobaru Inamachi Kita-Adachigun Saitama-Pref 362-0811 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
June 1996 |
|
|
|
|
Com. Reg. No.: |
0300-01-042305 |
|
|
|
|
Legal Form : |
Limited Company
(Kabushiki Kaisha) |
|
|
|
|
Line of Business : |
Bakery supplying
wholly to McDonald’s |
|
|
|
|
No. of Employees : |
150 |
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 |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No complaints |
|
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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. Newly-elected Prime Minister Shinzo ABE has declared the economy his government's top priority; he has pledged to reconsider his predecessor's plan to permanently close nuclear power plants and is pursuing an economic revitalization agenda of fiscal stimulus and regulatory reform and has said he will press the Bank of Japan to loosen monetary policy. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2012 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 exceeds 200% of GDP. Persistent deflation, reliance on exports to drive growth, and an aging and shrinking population are other major long-term challenges for the economy
|
Source
: CIA |
INA BAKERY CORPORATION
REGD NAME: KK
INA Bakery
MAIN OFFICE: 7-4-1
Nishikobaru Inamachi Kita-Adachigun Saitama-Pref 362-0811 JAPAN
Tel:
048-729-2212 Fax: 048-729-2210
URL: http://www.inabakery.co.jp
E-Mail address: (thru the URL)
Bakery
Nil
At the caption
address
TAKESHI HOSOJIMA,
PRES
Hisaya Takei, ch
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 6,863 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 490 M
TREND UP WORTH Yen 2,152 M
STARTED 1996 EMPLOYES 150
BAKERY, OWNED BY OEP EAST BALT BV.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by OEP East Balt BV as its bakery in
Japan. This is a bakery in
Saitama-Pref. Breads are wholly supplied
to McDonald’s Japan and its group firms.
The sales volume for Dec/2012 fiscal term amounted to Yen 6,863 million,
a 21% up from Yen 5,694 million in the previous term. Demand increased from MacDonald Japan for
expansion of shops, other. The net
profit was posted at Yen 232 million, compared with Yen 184 million a year ago.
For the term that ended Dec 2013 the net profit was projected at Yen 240
million, on a 3% rise in turnover, to Yen 7,050 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Jun 1996
Regd No.:
0300-01-042305 (Saitama-Kita-Adachigun
Inamachi
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 9,800 shares
Issued: 9,800 shares
Sum: Yen 490 million
Major shareholders (%): OEP East Balt BV
(100%)
Nothing detrimental
is known as to the commercial morality of executives.
Activities: Bakery supplying
wholly to McDonald’s Japan (100%)
Clients: [Mfrs,
wholesalers] McDonald’s Japan, Pronto Corporation, other
No. of accounts: 1
(distribution to stores nationwide)
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Nisshin Seifun Group Inc, The Torigoe Co, Nitten Shoji, Oriental
Yeast Co, Riken Vitamin Co, other
Payment record: No complaints
Location: Business area in
Saitama-Pref. Office premises at the
caption address are owned and maintained satisfactorily.
Bank References: Musashino Bank
(Ageo)
Gunma Bank
(Omiya)
Relations:
Satisfactory
(In Million
Yen)
|
Terms Ending: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
Annual
Sales |
|
7,050 |
6,863 |
5,694 |
5,969 |
|
Recur.
Profit |
|
|
|
|
411 |
|
Net
Profit |
|
240 |
232 |
184 |
248 |
|
Total
Assets |
|
|
4,639 |
4,191 |
3,468 |
|
Current
Assets |
|
|
1,090 |
1,033 |
843 |
|
Current
Liabs |
|
|
1,311 |
1,681 |
954 |
|
Net
Worth |
|
|
2,152 |
1,970 |
1,874 |
|
Capital,
Paid-Up |
|
|
490 |
490 |
490 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.72 |
20.53 |
-4.61 |
9.32 |
|
|
Current Ratio |
.. |
83.14 |
61.45 |
88.36 |
|
|
N.Worth Ratio |
.. |
46.39 |
47.01 |
54.04 |
|
|
R.Profit/Sales |
.. |
.. |
.. |
6.89 |
|
|
N.Profit/Sales |
3.40 |
3.38 |
3.23 |
4.15 |
|
|
Return On Equity |
.. |
10.78 |
9.34 |
13.23 |
|
Notes: Forecast
(or estimated) figures for the 31/12/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.16 |
|
|
1 |
Rs.103.44 |
|
Euro |
1 |
Rs.85.27 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.