MIRA INFORM REPORT
|
Report Date : |
27.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
VOLCAFE LTD |
|
|
|
|
Registered Office : |
Create |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
August, 1988 |
|
|
|
|
Com. Reg. No.: |
1400-01-032817 (Kobe-Chuoku) |
|
|
|
|
Legal Form : |
Limited Company (Kabushiki Kaisha) |
|
|
|
|
Line of Business : |
Subject is engaged in the Import, wholesale, retail of coffee beans |
|
|
|
|
No. of Employees : |
10 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 |
VOLCAFE LTD
REGD NAME: Volcafe KK
MAIN OFFICE: Create Kobe 5F, 80 Kyomachi Chuoku Kobe
650-0034 JAPAN
Tel:
078-392-5570
Fax: 078-392-6339
URL: http://www.volcafe.com
E-Mail address: (thru the URL)
Import, wholesale, retail of coffee beans
Nil
Switz (parent company)
MASAMICHI HIROIKE, PRES
In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 9,900 M*
PAYMENTS UNKNOWN CAPITAL Yen
300 M
TREND UP WORTH Yen 2,361 M*
STARTED 1988 EMPLOYES 10
*.. All the figures of Sept/2010 fiscal term
TRADING FIRM SPECIALIZINFG IN COFFEE BEANS, OWNED BY
SWISS CAPITAL.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMEN
The subject company was established by Volcafe Holding Ltd (Swiss) as
its marketing arm in Japan. This is a
trading firm for import, wholesale and retail (online) of coffee beans,
other. 80% of the goods are imported by
Volcafe Group firms. Clients are all
coffee makers, coffee shops other, nationwide.
Financials are not disclosed since the Sept/2011 fiscal term, as are
consolidated by the Swiss parent.
The sales volume for Sept/2010 fiscal term amounted to Yen 9,900
million, a 19% up from Yen 8,300 million in the previous term. The net profit was posted at Yen 275 million,
compared with Yen 295 million a year ago.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Aug 1988
Regd No.: 1400-01-032817 (Kobe-Chuoku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
24,000 shares
Issued:
6,000 shares
Sum: Yen 300 million
Major shareholders
(%): Volcafe Holding Ltd (Swiss) (100)
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Imports, wholesales
and retails (online) coffee beans, bagged coffee, other (--100%)
Clients: [Mfrs,
wholesalers] Nestle Japan (45%), UCC Ueshima Coffee, Key Coffee, Nippon Coffee
Trading, Doutor Coffee Co, Wataru Co, Kunitaro Co, other
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Volcafe Group firms (80%), Mitsubishi Corp, Mitsui & Co, Ataka
Trading, other
Payment record: Unknown
Location: Business area in
Kobe. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Mizuho Bank
(Dojima)
SMBC (Kobe)
Relations:
Satisfactory
FINANCES (In
Million Yen)
NOT DISCLOSED
SINCE Sept/2011 FISCAL TERM AND UNAVAILABLE
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.18 |
|
|
1 |
Rs.103.38 |
|
Euro |
1 |
Rs.85.09 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.