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Report Date : |
27.06.2014 |
IDENTIFICATION DETAILS
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Name : |
LIBRA NATUTHERAPY CO LTD |
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Registered Office : |
Forresta Nishinomiya Bldg 2F, 6-1 Todacho Nishinomiya Hyogo-Pref 662-0916 |
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Country : |
Japan |
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Financials (as on) : |
31.07.2013 |
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Date of Incorporation : |
April 1988 |
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Com. Reg. No.: |
1400-01-072577 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of aroma therapy products |
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No. of Employees |
25 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
Yen 3.3 Million |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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) |
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Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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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
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Source
: CIA |
LIBRA NATUTHERAPY CO LTD
REGD NAME: Libra
Natutherapy KK
MAIN OFFICE: Forresta
Nishinomiya Bldg 2F, 6-1 Todacho Nishinomiya Hyogo-Pref 662-0916
JAPAN
Tel:
0798-36-2277 Fax: 0798-23-2811
URL: http://www.libra-kobe.co.jp
E-Mail address: (thru the URL)
Import, export,
wholesale of aroma therapy products
Tokyo, Osaka
12 salons/schools
Singapore
NOBUMITSU HAYASHI,
PRES
Kumi Hayashi, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES WEAK A/SALES Yen 220 M
PAYMENTSSLOW CAPITAL Yen 10 M
TREND SLOW WORTH Yen (-) 46 M
STARTED 1988 EMPLOYES 25
TRADING FIRM SPECIALIZING IN AROMA THERAPY
PRODUCTS.
FINANCIAL SITUATION CONSIDERED WEAK BUT
SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
The subject company was established by Nobumitsu Hayashi in order to
make most of his experience in the subject line of business. This is a trading firm specializing in import,
export and wholesale of aroma therapy products, vegetable fats & oils
(except for foods), other. Also operates
12 aroma therapy salons & schools.
Clients include hotels, department stores.
Financials are disclosed only partially as from the July/2012 fiscal
term. Profits are not disclosed and are
only estimated.
The sales volume for Jul/2013 fiscal term amounted to Yen 220 million, a
1% up from Yen 217 million in the previous term. The profits are estimated posted at Yen 5
million, similarly in the previous term.
For the current term ending Jul 2014 the net profit is projected at Yen
7 million, on a 5% rise in turnover, to Yen 230 million.
The financial situation is considered WEAK but should be good for
MODERATE business engagements.
Date Registered: Apr 1988
Regd No.:
1400-01-072577 (Kobe-Nishinomiya)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 80,000 shares
Issued: 20,000 shares
Sum: Yen 10 million
Major
shareholders (%): Nobumitsu Hayashi (90), Kumi Hayashi (10)
No.
of shareholders: 2
Nothing detrimental is known as to the
commercial morality of executives.
Activities: Trading firm for
import, export and wholesale of aroma therapy products, vegetable fats &
oils (not for foods), operating 12 aroma therapy salons/schools, others
(--100%)
Clients: [Mfrs,
wholesalers, consumers] Daimaru Matsuzakaya Department Stores, Hilton Hotel
Service, other
No. of accounts: 200
Domestic areas of
activities: Centered in the greater-Osaka
Suppliers: [Mfrs,
wholesalers] Yamamoto Perfumery Co (40%), Pacific Products, Tree of Life Co,
Nitto Pharmaceutical Ind, Takemoto Yohki Co, other
Payment record: Slow
Location: Business area in
Nishinomiya, Hyogo-Pref. Office premises
at the caption address are leased and maintained satisfactory.
Bank References:
Amagasaki Shinkin
Bank (Nishinomiya)
SMBC (Nishinomiya)
Relations:
Satisfactory
(In Million
Yen)
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Terms Ending: |
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31/07/2014 |
31/07/2013 |
31/07/2012 |
31/07/2011 |
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Annual
Sales |
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230 |
220 |
217 |
276 |
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Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
7 |
5 |
5 |
7 |
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Total
Assets |
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N/A |
N/A |
221 |
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Net Worth |
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-46 |
-49 |
-54 |
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Capital,
Paid-Up |
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|
10 |
10 |
10 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.55 |
1.38 |
-21.38 |
-13.75 |
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Current Ratio |
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|
.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
-24.43 |
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N.Profit/Sales |
3.04 |
2.27 |
2.30 |
2.54 |
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Notes: Financials are only partially disclosed. Profits are not precisely disclosed and only
estimated.
Forecast (or estimated)
figures for the 31/07/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.16 |
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|
1 |
Rs.102.23 |
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Euro |
1 |
Rs.82.04 |
INFORMATION DETAILS
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Analysis Done by
: |
SUM |
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Report Prepared
by : |
NIS |
RATING EXPLANATIONS
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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.