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Report Date : |
29.03.2014 |
IDENTIFICATION DETAILS
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Name : |
LOPS CORPORATION |
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Registered Office : |
Aios Meguro Bldg 705, 2-15-19 Kamiosaki Shinagawaku Tokyo 141-0021 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
April 2007 |
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Com. Reg. No.: |
0107-01-018855 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, export, wholesale of
oils & fats, dairy products |
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No. of Employees : |
08 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – 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 |
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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 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 exceeds 225% 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 |
LOPS CORPORATION
REGD NAME: Lops KK
MAIN OFFICE: Aios Meguro Bldg 705, 2-15-19 Kamiosaki Shinagawaku Tokyo 141-0021 JAPAN
Tel: 03-5941-8950 Fax: 03-5941-8953
URL: http://www.lops.co.jp
E-Mail address: (thru the URL)
Import, export, wholesale of oils
& fats, dairy products, other
Osaka
Singapore
(subcontracted)
KAZUKI SAITO, PRES
Takeshi Sasaki, s/mgn dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 5,000 M
PAYMENTS NO COMPLAINTS CAPITAL Yen 76 M
TREND UP WORTH Yen 139 M
STARTED 2007 EMPLOYES 8
TRADING FIRM SPECIALIZING IN OILS
& FATS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was
established by Kazuki Saito in order to make most of his experience in the
subject line of business. This is a
trading firm for import, export and wholesale of oils & fats, animal feeds,
fertilizer, other (See OPERATION). The Singapore Branch is the base for
corporate brand, “Bona Food”, with extensive lineup of palm and dairy related
products such as cooking oil and condensed milk. Sales network extends to North & South
Asia, S/E Asia, Middle East and Africa.
Domestic clients include chemical makers, pet food makers, other
Financials are only partially
disclosed in rounded-off numbers.
Profits are not precisely disclosed and estimated only.
The sales volume for Mar/2013
fiscal term amounted to Yen 5,000 million, a 25% up from Yen 4,000 million in
the previous term. The net profit is
estimated posted at Yen 35 million, compared with Yen 25 million a year ago.
For the current term ending Mar
2014 the net profit is projected at Yen 40 million, on a 6% rise in turnover,
to Yen 5,300 million. Weaker Yen may
increase sales in Yen terms.
The financial situation is
considered FAIR and good for ORDINARY business engagements.
Date Registered: Apr 2007
Regd No.: 0107-01-018855 (Tokyo-Shinagawaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized:
6,000 shares
Issued:
1,520 shares
Sum: Yen 76 million
Major shareholders (%): Kazuki Saito, Takeshi Sasaki, other (--100)
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports,
exports and wholesales oils & fats, feeds & fertilizer, dairy foods,
other (--100%)
(Handling Items):
Edible Oils & Fats: RBD
palm stearin, palm oil & olefin, vegetable ghee, RBD coconut oil, RBD palm
kernel oil, RBD soybean oil, palm shortening, other
Byproducts: palm fatty
acid distillate, coconut fatty acid distillate, palm kernel fatty acid
distillate, tallow & recycled vegetable oil, other
Dairy Products:
sweetened condensed creamer, sweetened condensed filed milk, full cream
condensed milk, evaporated creamer, evaporated filed milk, full cream
evaporated milk, butter ghee/butter oil, full cream & skimmed milk powder,
other
Clients: SK Chemical,
other to chemical makers, food companies, pet food makers, bio fuel makers,
other
No. of accounts: 300
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs,
wholesalers] Cargill, other
Payment record: No
complaints
Location: Business
area in Tokyo. Office premises at the
caption address are leased and maintained satisfactorily.
Bank References:
Mizuho
Bank (Meguro)
Shoko
Chukin Bank (Tokyo)
Relations:
Satisfactory
(In Million Yen)
|
Terms
Ending: |
|
31/03/2014 |
31/03/2013 |
31/03/2012 |
31/03/2011 |
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Annual
Sales |
|
5,300 |
5,000 |
4,000 |
3,000 |
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Recur.
Profit |
|
70 |
60 |
.. |
.. |
|
Net
Profit |
|
40 |
35 |
25 |
20 |
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Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
139 |
104 |
79 |
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Capital,
Paid-Up |
|
|
76 |
76 |
76 |
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Div.P.Share(¥) |
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|
0.00 |
0.00 |
0.00 |
|
<Analytical
Data> |
(%) |
(%) |
(%) |
(%) |
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|
S.Growth Rate |
6.00 |
25.00 |
33.33 |
50.00 |
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Current Ratio |
.. |
.. |
.. |
||
|
N.Worth Ratio |
.. |
.. |
.. |
||
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N.Profit/Sales |
0.75 |
0.70 |
0.63 |
0.67 |
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Notes: Financials are only
partially disclosed. Profits are not precisely
disclosed and estimated.
Forecast (or estimated) figures
for the 31/03/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.10 |
|
|
1 |
Rs.99.85 |
|
Euro |
1 |
Rs.82.58 |
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 |
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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 |
|
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.