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Report Date : |
07.06.2014 |
IDENTIFICATION DETAILS
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Name : |
ASAMIYA CO
LTD |
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Registered Office : |
3-19-71 Torigai-Kami Settsu City
Osaka-Pref 566-0062 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2014 (Estimated) |
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Date of Incorporation : |
March 1972 |
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Com. Reg. No.: |
(Osaka-Settsu) 008940 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of Canned/Bottled Teas, Canned Coffee, Mineral Water, Oolong Teas, Health Foods, Confectionery, Instant Noodle & Soy Sauce |
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No of Employees : |
02 |
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 |
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Payment Behaviour : |
No Complaints |
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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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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 |
ASAMIYA CO LTD
KK Asamiya
3-19-71
Torigai-Kami Settsu City Osaka-Pref 566-0062 JAPAN
Tel:
072-663-1126 Fax: 072-654-9051
URL: www.asamiya.co.jp
E-mail: asamiya@asamiya.co.jp
Manufacturer of Canned/Bottled Teas, Canned Coffee, Mineral Water, Oolong Teas, Health Foods, Confectionery, Instant Noodle & Soy Sauce
Tokyo
(2), Okayama (subsidiary: Asamiya Marketing Co Ltd)
(subsidiaries)
SOJI TANAKA,
PRES
Hatsuko
Kozuma, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 5,180 M
PAYMENTSNo Complaints CAPITAL Yen 10 M
TREND SLOW WORTH Yen 1,285 M
STARTED 1972 EMPLOYES 2
MFR OF CANNED TEA, COFFEE, MINERAL WATER, CONFECTIONERY
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
The subject company was established by Soji Tanaka in order to make most of his experience in the subject line of business. This is a specialized mfr of mineral water, canned teas, canned coffee, health foods. Mfg is subcontracted to subsidiaries. Operates Asamiya Marketing Co Ltd to do marketing & distribution. Clients include specialty stores, wholesalers, other.
The sales volume for Mar/2013 fiscal term amounted to Yen 5,180 million, a 5% down from Yen 5,474 million in the previous term. The net profit was posted at Yen 133 million, compared with Yen 123 million a year ago. The firm stopped to disclose full financials as from the Mar/2013 fiscal term, and only partially disclosed. .
For the term that ended Mar 2014 the net profit was projected at Yen 140 million, on a 5% rise in turnover, to Yen 5,450 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Mar 1972
Regd No.: (Osaka-Settsu) 008940
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 80,000 shares
Issued: 20,000 shares
Sum: Yen
10 million
Major shareholders (%): Soji Tanaka (50), Yorihiro
Tanaka, Toshiko Tanaka, Hatsuko Kozuma, other
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures canned/bottled teas, canned coffee, mineral water, oolong teas, health foods, confectionery, instant noodle, soy sauce, other (--100%)
Clients: [Specialty stores, wholesalers] Asamiya Chiran Factory, Aomine Beverages, Fresh Oosumi Kagoshima, Iwate Soy Sauce, Daikokuya, Azuma Chocolates, Miyama Meisui, Asamiya Chiran Factory, Owase Meisui, Yuasa Meisui, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers, farmers] Daiichi Kinzoku Kogyo, Mie-Pref Federation of Economics, JA Chirancho, Morinaga Milk Ind, Itochu Corp, Iwatani Corp, Dai-Ichi Metal Ind, Kyushu Daio Paper Package, Oomi Daio Paper Package, other
Payment record: No Complaints
Location: Business area in Settsu City, Osaka-Pref. Office premises at the caption address are owned and maintained satisfactorily.
Bank References:
MUFG (Ibaraki)
SMBC (Ibaraki)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/03/2014 |
31/03/2013 |
31/03/2012 |
31/03/2011 |
|
Annual
Sales |
|
5,450 |
5,180 |
5,474 |
4,550 |
|
Recur.
Profit |
|
.. |
.. |
197 |
26 |
|
Net
Profit |
|
140 |
133 |
123 |
14 |
|
Total
Assets |
|
|
N/A |
9,398 |
8,061 |
|
Net
Worth |
|
|
1,285 |
1,192 |
1,070 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
5.21 |
-5.37 |
20.31 |
-1.98 |
|
|
Current Ratio |
.. |
.. |
.. |
||
|
N.Worth Ratio |
.. |
12.68 |
13.27 |
||
|
N.Profit/Sales |
2.57 |
2.57 |
2.25 |
0.31 |
|
Notes:
Financials are only partially disclosed for the 31/03/2013 fiscal term.
Forecast
(or estimated) figures for the 31/03/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.20 |
|
UK Pound |
1 |
Rs.99.52 |
|
Euro |
1 |
Rs.80.83 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MNL |
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.