|
Report Date : |
21.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
UOICHI CO LTD |
|
|
|
|
Registered Office : |
1-1-86 Noda Fukushimaku Osaka 553-0005 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
October 2006 |
|
|
|
|
Com. Reg. No.: |
1200-01-118638 |
|
|
|
|
Legal Form : |
Limited Company (Kabushiki Kaisha) |
|
|
|
|
Line of Business : |
Import, Wholesale of Seafood |
|
|
|
|
No. of Employees |
477 |
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 |
UOICHI CO LTD
REGD NAME: KK
Uoichi
MAIN OFFICE: 1-1-86
Noda Fukushimaku Osaka 553-0005 JAPAN
Tel:
06-6469-2001 Fax: 06-6469-2153
E-Mail address: info@uoichi.co.jp
Import, wholesale
of seafood
Osaka (3), Ohtsu,
Wakayama, Tokyo, Nagasaki, Fukuoka
Uoichi Panama Inc
(subsidiary)
Panama (subsidiary
of processing fish roe)
MITSUYUKI MIWA,
PRES Genji Fuchigami, adviser
Hayato Iwasa dir Yasushi
Hashizume,
dirMasatoshi Tanigawa, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 190,953 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 2,000 M
TREND SLOW WORTH Yen 5,886 M
STARTED 2006 EMPLOYES 477
SEAFOOD
WHOLESALER, OWNED BY OUG HOLDINGS INC.
FINANCIAL SITUATION CONSIDERED FAIR AND
SHOULD BE GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject
company was established on the basis of former Osaka Uoichiba Co Ltd merging
two sister companies and named as captioned.
At the same time, founded a holding company, OUG Holdings Inc (See REGISTRATION), and became its wholly
owned subsidiary. This is a fishing
company specializing in import and wholesale of seafood. Also engaged in shrimp culture. The merger was intended to eliminate unprofitable
divisions/operations and to integrate group operations. Clients include 5 Central Fish Markets in
Osaka, Wakayama, Ohtsu, other.
The sales volume for
Mar/2013 fiscal term amounted to Yen 190,955 million, a 6% down from Yen
202,197 million in the previous term.
Prices of the fish declined. The
operations plunged into the red to post Yen 50 million recurring loss and Yen
239 million net losses, respectively, for the term, compared with Yen 703
million recurring profit and Yen 835 million net profit, respectively, a year
ago.
For the current
term ending Mar 2014 the operations are projected to come back to profitability
to post Yen 700 million recurring prof and Yen 650 million net profit,
respectively, on a 3% rise in turnover, to Yen 197,000 million Price increases on mainline consigned
seafoods are offsetting sluggish sales volume of fresh fish.. . .
The financial
situation is considered FAIR and should be good for ORDINARY business
engagements.
Date Registered: Oct 2006
Regd No.:
1200-01-118638
(Osaka-Fukushimaku)
Legal Status: Limited Company
(Kabushiki Kaisha)
Authorized: 160,000 shares
Issued: 40,000 shares
Sum: Yen 2,000 million
Major
shareholders (%): OUG Holdings Inc*(100)
* Holding company
established in Oct 2006 by the former Osaka Uoichiba Co Ltd when the firm
merged two sister companies, listed Tokyo S/E, capital Yen 6,495 million, sales
Yen 303,973 million, operating loss Yen 286 million, recurring loss Yen 298
million, net loss Yen 637 million, total assets Yen 74,761 million, net worth
Yen 15,169 million, employees 1,307, pres Masatoshi Tanigawa
Nothing detrimental is known as to the commercial
morality of executives.
Activities: Wholesales and
imports seafood: seafood sales at central wholesale markets (60%), at other
markets (40%)
Clients: [Fish markets,
fish wholesalers] Central Fish Markets in Osaka, Wakayama, Ohtsu Cities, CGC
Japan, Nichirei Fresh, Shokuryu, other.
No. of accounts:
2,000
Domestic areas of
activities: Centered in greater-Osaka
Suppliers: [Mfrs,
wholesalers] Hanwa Corp, Maruha Nichiro Holdings, Itochu Corp, Uoichi Panama
Inc, Nichirei Fresh, Yokohama Reito, other.
Payment record No complaints
Location: Business area in
Osaka. Office premises at the caption
address are owned and maintained satisfactorily.
Bank
References:
MUFG (Chuo-Ichiba)
Mizuho Bank (Umeda)
Relations: Satisfactory
(In
Million Yen)
|
Terms Ending: |
31/03/2014 |
31/03/2013 |
31/03/2012 |
31/03/2011 |
|
|
Annual
Sales |
|
197,000 |
190,955 |
202,197 |
200,036 |
|
Recur.
Profit |
|
700 |
-50 |
703 |
769 |
|
Net
Profit |
|
650 |
-239 |
835 |
639 |
|
Total
Assets |
|
|
22,593 |
24,770 |
22,770 |
|
Current
Assets |
|
|
22,068 |
24,251 |
22,183 |
|
Current
Liabs |
|
|
15,548 |
17,154 |
15,731 |
|
Net
Worth |
|
|
5,886 |
6,412 |
5,876 |
|
Capital,
Paid-Up |
|
|
2,000 |
2,000 |
2,000 |
|
Div.Ttl
in Million (¥) |
|
|
300 |
300 |
260 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.17 |
-5.56 |
1.08 |
1.37 |
|
|
Current Ratio |
.. |
141.93 |
141.37 |
141.01 |
|
|
N.Worth Ratio |
.. |
26.05 |
25.89 |
25.81 |
|
|
R.Profit/Sales |
0.36 |
-0.03 |
0.35 |
0.38 |
|
|
N.Profit/Sales |
0.33 |
-0.13 |
0.41 |
0.32 |
|
|
Return On Equity |
.. |
-4.06 |
13.02 |
10.87 |
|
Notes: Forecast (or
estimated) figures for the 31/03/2014 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
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.