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Report Date : |
21.10.2014 |
IDENTIFICATION DETAILS
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Name : |
LUPICIA CO LTD |
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Registered Office : |
Daikan’yama Hamada Bldg, 8-13 Daikan’yamacho Shibuyaku Tokyo 150-0034 |
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Country : |
Japan |
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Financials (as on) : |
30.06.2013 |
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Date of Incorporation : |
August, 1994 |
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Com. Reg. No.: |
0110-01-027990 (Tokyo-Shibuyaku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Processing, Retail, Wholesale of Teas |
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No. of Employees : |
286 |
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 |
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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
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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. 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 |
LUPICIA CO LTD
REGD NAME: KK Lupicia
MAIN OFFICE: Daikan’yama Hamada Bldg, 8-13 Daikan’yamacho
Shibuyaku Tokyo 150-0034 JAPAN
Tel: 03-5428-5551 Fax:
03-5428-5715
URL: http://www.lupicia.co.jp/
E-Mail address: info@lupicia.co.jp
Import, processing, retail, wholesale of teas
120 stores, including franchisees, nationwide from Hokkaido down to
Kyushu
Taiwan, Australia, Singapore, Paris (--stores)
Saitama (blending, sorting, packaging)
HIROKI MIZUKUCHI, PRES Masayoshi
Mizukuchi, ch
Akira Itoh, v pres Yoko
Niina, dir
Akihide Nakai, mgn dir Kaori
Morishige, dir
In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 8,723 M
PAYMENTS NO COMPLAINTS CAPITAL Yen 217 M
TREND STEADY WORTH Yen
23,346 M
STARTED 1994 EMPLOYES 286
IMPORTER AND RETAILER OF TEAS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
The subject company was established by Masaki Mizuguchi in order to make most of his experience in the subject line of business. Hiroki is the founder’s son, who took the pres office in Aug 2001. This is a retailer of teas, operating 120 stores, including franchisees, nationwide, and 4 stores overseas. The firm increased the capital to Yen 217.35 million in Apr 2014. Teas are imported from India, Sri Lanka, China, Africa, Germany, France, Italy, other. Teas are blended, sorted, and packaged at the own factory. Goods are also wholesaled. Operates Lupicia tea school.
The sales volume for Jun/2013 fiscal term amounted to Yen 8,723 million,
an 8% up from Yen 8,091 million in the previous term. Opened 6 new stores during the term. Tea drinkers are increasing, particularly
from health benefits. The recurring
profit was posted at Yen 549 million and the net profit at Yen 260 million,
respectively, compared with Yen 205 million recurring profit and Yen 137263
million net profit, respectively, a year ago.
For the term that ended Jun 2014 the recurring profit is projected at
Yen 560 million and the net profit at Yen 275 million, respectively, on a 5%
rise in turnover, to Yen 9,150 million.
Final results are yet to be released.
Financial situation is considered FAIR and good for ORDINARY business
engagements.
Date Registered: Aug
1994
Regd No.: 0110-01-027990
(Tokyo-Shibuyaku)
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 173880 shares
Issued: 43,470
shares
Sum: Yen
217,352,000
Major shareholders (%): Lupicia Holdings (33), Masaki
Mizukuchi (15), Hiroyoshi Mizukuchi (15), Employees’ S/Holding Assn (13)
No. of
shareholders: 20
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Imports,
retails and wholesales teas: black teas, green teas, oolong teas, flavored
teas, herbal teas, others (--100%).
(Retail 70%;
wholesale 30%).
Clients: [Consumers,
restaurants, chain stores] Individual consumers (70%) Lupicia On
Line (17%), Lupicia Trading, Skylark, Itoham
Foods Inc, Chiyoda, 21 Seiki Group, Lupicia Gourmand Co, Lupicia Taipei, other.
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Imports from Akbar Brothers, other from India, Sri Lanka, China, Africa, Germany, France,
Italy
Domestically from Tosco Trading Inc, Ogawa
& Co, Kawaguchi Can, Lupicia Taipei, Mistake Farm, other.
Payment record: No Complaints
Location: Business
area in Tokyo. Office premises at the
caption address are leased and maintained satisfactorily.
Bank References: Resona Bank
(Shibuya)
Mizuho
Bank (Shinjuku)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
30/06/2014 |
30/06/2013 |
30/06/2012 |
30/06/2011 |
|
|
Annual Sales |
|
9,150 |
8,723 |
8,091 |
7,086 |
|
Recur. Profit |
|
560 |
549 |
205 |
420 |
|
Net Profit |
|
275 |
260 |
137 |
263 |
|
Total Assets |
|
|
8,340 |
7,578 |
6,498 |
|
Current Assets |
|
|
3,280 |
3,230 |
2,945 |
|
Current Liabs |
|
|
2,399 |
4,347 |
3,551 |
|
Net Worth |
|
|
3,346 |
2,545 |
2,440 |
|
Capital, Paid-Up |
|
|
217 |
30 |
30 |
|
Div.Ttl in Million (¥) |
|
|
0.00 |
32.8 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.90 |
7.81 |
14.18 |
9.52 |
|
|
Current Ratio |
.. |
136.72 |
74.30 |
82.93 |
|
|
N.Worth Ratio |
.. |
40.12 |
33.58 |
37.55 |
|
|
R.Profit/Sales |
6.12 |
6.29 |
2.53 |
5.93 |
|
|
N.Profit/Sales |
3.01 |
2.98 |
1.69 |
3.71 |
|
|
Return On Equity |
.. |
7.77 |
5.38 |
10.78 |
|
Notes: Forecast (or estimated) figures for the 30/06/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.29 |
|
|
1 |
Rs.98.62 |
|
Euro |
1 |
Rs.78.15 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
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.