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Report Date : |
01.10.2014 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
1-2 Jinnonishimachi Toyohashi Aichi-Pref 441-8076 |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
July, 1990 |
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Com. Reg. No.: |
1803-01-006753 (Aichi-Toyohashi) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Warehousing, transport of concentrated orange juice (from |
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No. of Employees : |
18 |
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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Maximum Credit Limit : |
YEN 11.7 MILLION |
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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 – June 1, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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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 |
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. 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 |
NIPPON JUICE TERMINAL KK
REGD NAME: Nippon
Juice Terminal KK
MAIN OFFICE: 1-2 Jinnonishimachi Toyohashi Aichi-Pref
441-8076
Tel:
0532-33-1951 Fax: 0532-33-1952
URL: http://www.fcoj.co.jp
E-Mail address: (thru the URL)
Warehousing, transport of concentrated orange juice (from Brazil); mfg
of refreshing (cooling) drink
Nil
Belgium,
Netherlands (parent companies)
At the caption address
(Warehouse)
MOMOYO ISHIKAWA,
PRES
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 640 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 98 M
TREND UP WORTH Yen 581 M
STARTED 1990 EMPLOYES 18
WAREHOUSING OF CONDENSED ORANGE JUICE.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
ESTIMATED AT YEN 11.7 MILLION, ON 30 DAYS NORMAL TERMS.
The subject company
was established originally by two juice makers in Brazil and was later
transferred to Dutch & Belgium capital.
This is a warehousing and transportation company of concentrated orange
juice. Orange juices are exclusively
transported from Brazil by tankers. The
firm also makes fresh, cooling drink at the caption address. Goods are shipped
to drink makers, juice wholesalers, other, nationwide.
Financials are
disclosed only partially.
The sales volume
for Dec/2013 fiscal term amounted to Yen 640 million, a 2% up from Yen 630
million in the previous term. The net
profit was posted at Yen 35 million, compared with Yen 20 million a year ago.
For the current
term ending Dec 2014 the net profit is projected at Yen 40 million, on a 4%
rise in turnover, to Yen 665 million.
Business is seen expanding steadily.
The financial
situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 11.7
million, on 30 days normal terms.
Date Registered: Jul 1990
Regd No.: 1803-01-006753
(Aichi-Toyohashi)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 288
shares
Issued: 288
shares
Sum: Yen
98 million
Major
shareholders (%): Continental Juice BV (Netherlands) (50), Citrusco
Europa NV (Belgium) (50)
No.
of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Transports &
warehousing of concentrated orange juice from Brazil; mfg of fresh cooling
water, other (--100%)
Clients: [Mfrs,
wholesalers] Inter-Pula Co, Continental Juice, Mitsubishi Corp, Nippon Fruit
Juice Co, other
No. of accounts:
300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesalers]
Nippon Steel & Sumikin Drum Techno Co, Chubu
Electric Power, European Juice Terminal, Kubota Yoki
Kogyo (bottle/container maker), other Concentrated orange juices are imported
and transported from Brazil
Payment record: No Complaints
Location: Business area in
Toyohashi. Office premises at the
caption address are owned and maintained satisfactory.
Bank References:
MUFG (Toyohashi)
SMBC (Toyohashi)
Relations: Satisfactory
(In Million Yen)
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Terms Ending: |
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31/12/2014 |
31/12/2013 |
31/12/2012 |
31/12/2011 |
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Annual
Sales |
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665 |
640 |
630 |
700 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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40 |
35 |
20 |
60 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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581 |
546 |
526 |
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Capital,
Paid-Up |
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98 |
98 |
98 |
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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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(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
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3.91 |
1.59 |
-10.00 |
-12.50 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
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6.02 |
5.47 |
3.17 |
8.57 |
Notes: Financials
are only partially disclosed.
Forecast (or
estimated) figures for the 31/12/2014 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.61 |
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1 |
Rs.100.28 |
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Euro |
1 |
Rs.78.21 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
NIT |
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.