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Report Date : |
25.03.2014 |
IDENTIFICATION DETAILS
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Name : |
AEON GLOBAL MERCHANDISING CO LTD |
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Registered Office : |
Aeon Tower Annex 4F, 1-4 Nakase Mihamaku
Chiba 261-0023 |
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Country : |
Japan |
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Financials (as on) : |
28.02.2014 |
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Date of Incorporation : |
May 2007 |
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Com. Reg. No.: |
0400-01-011935
(Chiba-Mihamaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Engaged in importer, wholesaler, procurement and supplying of general
merchandise for Aeon group firms & stores such as fish, fruits &
vegetables, processed foods, consumables, meat & non-food items |
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No. of Employees |
110 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source : CIA |
AEON GLOBAL MERCHANDISING CO LTD
Aeon Shohin
Chotatsu KK
Aeon Tower Annex
4F, 1-4 Nakase Mihamaku Chiba 261-0023 JAPAN
Tel:
043-212-6705 Fax: 043-212-6760
URL: http://www.aeon.info (of the
parent)
E-Mail address: (thru the URL)
Engaged in
importer, wholesaler, procurement and supplying of general merchandise for Aeon
group firms &
stores such as
fish, fruits & vegetables, processed foods, consumables, meat &
non-food items
Nil
KUNIHIKO
KUKI, PRES Hiroshi
Asada, mgn dir
Hiroshi
Hirose, dir Osamu
Nakano, dir
Hidenobu
Takahashi, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 48,563 M*
PAYMENTSNo Complaints
CAPITAL Yen 122 M
TREND UP WORTH Yen 2,174 M
STARTED 2007 EMPLOYES 110
*… Figures
for irregular 3 months due to change in accounting term
TRADING FIRM SPECIALIZING IN FOODS, COMMODITIES, OWNED
BY AEON CO LTD.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established on the basis of a division separated
from Aeon Co Ltd (See REGISTRATION). This is a trading firm for import and
procures foods, fish, processed foods, seafoods, fruits & vegetables &
non-food items, for supply to group companies and stores. Goods are imported and supplied from major
food makers, others, nationwide.
The sales volume for Feb/2013 fiscal term for irregular 3 months
amounted to Yen 48,563 million, a 4% up on an adjusted on a 12-month basis from
Yen 152,039 million for irregular 9 months in the previous term. The recurring profit was posted at Yen 304
million and the net profit at Yen 182 million, respectively, compared with Yen
543 million recurring profit and Yen 315 million net profit, respectively, a
year ago. The irregular months refer to
the change in accounting term.
For the current term ending Feb 2014 the recurring profit is projected
at Yen 1,000 million and the net profit at Yen 500 million, respectively, on a
3% rise in turnover, to Yen 200,000 million.
The financial situation is considered FAIR and
good for ORDINARY business engagements.
Date Registered: May 2007
Regd No.: 0400-01-011935 (Chiba-Mihamaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
20,000 shares
Issued: 5,000 shares
Sum: Yen 122.125 million
Major shareholders (%): Aeon Co Ltd* (85), Marubeni
Corp (15)
*.. Top-ranked operator of general merchandise stores (GMS), at the
caption address, founded 1926, listed Tokyo S/E, capital Yen 199,054 million,
sales Yen 5,685,303 million, operating profit Yen 190,999 million, recurring
profit Yen 212,907 million, net profit Yen 74,697 million, total assets Yen
5,725,862 million, net worth Yen 1,033,446 million, employees 91,646, pres
Motoya Okada
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Imports,
wholesales, procures and supplies general merchandise for Aeon group firms
& stores: fish, fruits & vegetables, processed foods, consumables,
meat, non-food items, other (--100%)
Clients: [Mfrs,
wholesalers] Aeon Retail, Aeon Group GMS’s, Aeon Group SM’s, other
No. of accounts: 1,000
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs,
wholesalers] Kewpie Co, Suntory Foods, Kirin Beverages, Kao Customer Marketing,
Kagome, other
Payment record: No Complaints
Location: Business area in
Chiba. Office premises at the caption
address are owned by the parent and maintained satisfactorily.
Bank
References:
Mizuho Corporate Bank (Uchisaiwaicho)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
28/02/2014 |
28/02/2013 |
30/11/2012 |
29/02/2012 |
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Annual
Sales |
|
200,000 |
48,563 |
152,039 |
192,138 |
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Recur.
Profit |
|
1,000 |
304 |
543 |
486 |
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Net
Profit |
|
500 |
182 |
315 |
173 |
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Total
Assets |
|
|
30,210 |
35,636 |
24,579 |
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Current
Assets |
|
|
30,132 |
35,584 |
24,530 |
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Current
Liabs |
|
|
28,036 |
33,667 |
22,924 |
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Net
Worth |
|
|
2,174 |
1,968 |
1,653 |
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Capital,
Paid-Up |
|
|
122 |
122 |
122 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.95 |
-4.17 |
5.50 |
9.04 |
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Current Ratio |
.. |
107.48 |
105.69 |
107.01 |
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N.Worth Ratio |
.. |
7.20 |
5.52 |
6.73 |
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R.Profit/Sales |
0.50 |
0.63 |
0.36 |
0.25 |
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N.Profit/Sales |
0.25 |
0.37 |
0.21 |
0.09 |
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Return On Equity |
.. |
8.37 |
16.01 |
10.47 |
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Notes:
Financials are irregularly disclosed. Growth
rates are adjusted on a 12-month basis.
Forecast
(or estimated) figures for the 28/02/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.70 |
|
UK Pound |
1 |
Rs.100.11 |
|
Euro |
1 |
Rs.83.81 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.