|
Report No. : |
317019 |
|
Report Date : |
15.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
IMANAKA LTD |
|
|
|
|
Registered Office : |
Doshomachi Bldg, 1-4-8 Doshomachi Chuoku Osaka 541-0045 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
30.09.2015 |
|
|
|
|
Date of Incorporation : |
March 1948 |
|
|
|
|
Com. Reg. No.: |
1200-01-074763 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Subject is Import, wholesale of confectionary materials, dairy
foods, livestock products, timber & housing equipment, industrial
chemicals, electronic parts |
|
|
|
|
No. of Employee : |
74 |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No complaints |
|
|
|
|
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 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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. Since the complete shutdown of Japan’s nuclear reactors after the earthquake and tsunami disaster in 2011, Japan's industrial sector has become 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 four 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. A sales tax increase caused the economy to contract during the 2nd and 3rd quarters of 2014. The economy has largely recovered in the three years since the disaster, but reconstruction in the Tohoku region has been uneven due to labor shortages. 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 2014 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 government will continue a longstanding debate on restructuring the economy and reining in Japan's huge government debt, which amounts to more than 240% 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 2015, although the government in 2014 decided to postpone the final phase of the increase until 2017 to give the economy time to recover from the 2014 increase. 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 |
IMANAKA LTD
REGD NAME: Imanaka
KK
MAIN OFFICE: Doshomachi
Bldg, 1-4-8 Doshomachi Chuoku Osaka 541-0045 JAPAN
Tel: 06-6228-5821
Fax: 06-6228-5818
*..
The is its Tokyo Office
URL: http://www.imanaka.co.jp/
E-Mail
address: osaka@imanaka.co.jp; tokyo@imanaka.co.jp/
Import,
wholesale of confectionary materials, dairy foods, livestock products, timber
& housing equipment, industrial chemicals, electronic parts
Tokyo,
Nagoya
Singapore,
Australia, Shanghai, Thailand, New Zealand, China, USA, other
SHUNPEI
IMANAKA, PRES Kazuhiro Ito, mgn dir
Ryohei Imanaka, dir Yukiyoshi Terao, dir
Yen
Amount: In
million Yen, unless otherwise stated
FINANCES GOOD A/SALES Yen 24,665 M
PAYMENTS REGULAR CAPITAL Yen 100 M
TREND UP WORTH Yen 12,261 M
STARTED 1948 EMPLOYES 74
IMPORTER
AND WHOLESALER SPECIALIZING IN FOODSTUFFS, INDUSTRIAL CHEMICALS, HOUSING
EQUIPMENT, ETC.
FINANCIAL
SITUATION CONSIDERED GOOD AND RESPONSIBLE FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established originally in 1885 by
Senjiro Imanaka as a pharmacy of Chinese/Japanese medicines and has been
succeeded by his descendants. Shumpei
Imanaka took the pres office in Dec 2006.
This is a trading firm for import and wholesale of confectionery &
foodstuffs materials as mainstay items. Also handles timber and housing equipment,
synthetic resins, electronic parts, others.
Goods are imported from Australia, New Zealand, Netherlands, USA,
France, Germany, and recently from China and other S/E Asian countries. In 1994 opened Singapore Office; in 2002
established a JV, Australian Dairy Blends Pty Ltd; in 2003 opened China
(Shanghai) office. The firm is
aggressively expanding into overseas markets.
The sales volume for Sept/2014 fiscal term amounted to Yen
24,665 million, a 30% up from Yen 18,706 million in the previous term. The weaker Yen contributed to raise earnings
in Yen terms. Overseas sales were robust
in China, Singapore, Thailand, other.
The net profit was posted at Yen 337 million, compared with Yen 613
million a year ago.
For the current term ending Sept 2015 the net profit is
projected at Yen 350 million, on a 5% rise in turnover, to Yen 25,800
million. Business is seen expanding
steadily.
The financial situation is considered GOOD to EXCELLENT and
good for ORDINARY business engagements.
Date
Registered: Mar 1948
Regd
No.: 1200-01-074763
(Osaka-Chuoku)
Legal
Status: Limited Company (Kabushiki Kaisha)
Authorized: 800,000 shares
Issued: 200,000
shares
Sum:
Yen
100 million
Major
shareholders (%): Doshomachi FS (28), Shumpei Imanaka (16), Imanaka Fudosan
(Real estate) (8), Yasuko Imanaka (8)
No.
of shareholders: 7
Nothing detrimental is known as to
the commercial morality of executives.
Activities:
Imports and wholesales foods: dairy products, oil products, poultry products,
agricultural, seafood and live-stock products, other foodstuffs (75%), chemical
products, synthetic resin, molded products, other (20%), umber, housing-related
products, other (2%), electronic equipment, electric components, other (1%)
Overseas
Sales Ratio (87%)
Clients:
[Confectioners, food processors, chemical industry] Fujiya, Ezaki Glico, Asahi Denka
Kogyo, Sekisui Chemical Ind, Dai Nippon Toryo, Meiji Milk Products, Meito
Sangyo, Nestle Japan, Adeka, other
No. of accounts: 300
Domestic areas of activities:
Nationwide
Suppliers:
[Mfrs] New Zealand Dairy Board (New Zealand), Australian Dairy Blends (JV
Australia), Imanaka USA, Imanaka Singapore, other from Australia, New Zealand,
USA, Netherlands, France, Germany, China, S/E Asian countries, etc (90%). Also Hitachi Chemical, Hitachi Metal, Asahi
Denka Kogyo, Nippon Sheet Glass, and some other domestic suppliers.
Payment record:
Regular
Location:
Business area in Osaka. Office premises
at the caption address are owned (built in 1984 in commemoration of the 100th
anniversary) and maintained satisfactorily.
Bank
References:
MUFG (Kawaramachi)
SMBC (Kanda)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
30/09/2015 |
30/09/2014 |
30/09/2013 |
30/09/2012 |
|
|
Annual
Sales |
|
25,800 |
24,665 |
18,906 |
18,892 |
|
Recur.
Profit |
|
|
|
|
|
|
Net
Profit |
|
350 |
337 |
613 |
756 |
|
Total
Assets |
|
|
17,011 |
13,403 |
12,560 |
|
Current
Assets |
|
|
14,472 |
11,254 |
10,722 |
|
Current
Liabs |
|
|
3,177 |
1,553 |
1,580 |
|
Net
Worth |
|
|
12,261 |
11,325 |
10,392 |
|
Capital,
Paid-Up |
|
|
100 |
100 |
100 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
4.60 |
30.46 |
0.07 |
11.08 |
|
Current Ratio |
|
.. |
455.52 |
724.66 |
678.61 |
|
N.Worth Ratio |
|
.. |
72.08 |
84.50 |
82.74 |
|
R.Profit/Sales |
|
.. |
.. |
.. |
.. |
|
N.Profit/Sales |
|
1.36 |
1.37 |
3.24 |
4.00 |
|
Return On Equity |
|
.. |
2.75 |
5.41 |
7.27 |
Notes:
Forecast (or estimated figures for the 30/09/2015 fiscal term
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.39 |
|
|
1 |
Rs.91.06 |
|
Euro |
1 |
Rs.66.16 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ASH |
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.