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Report No. : |
308151 |
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Report Date : |
17.02.2015 |
IDENTIFICATION DETAILS
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Name : |
LIPSTAR CO LTD |
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Registered Office : |
6-8-2 Minatojima Nakacho Chuoku Kobe 650-0046 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
April, 1975 |
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Com. Reg. No.: |
1400-01-011752 (Kobe-Chuoku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Retail of Women’s Clothing & Accessories. |
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No. of Employees : |
135 |
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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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: 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 |
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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 |
LIPSTAR CO LTD
REGD NAME: KK
Lipstar
MAIN OFFICE: 6-8-2
Minatojima Nakacho Chuoku Kobe 650-0046 JAPAN
Tel: 078-302-8241
E-Mail address: (thru the URL)
Retail of women’s
clothing & accessories
Tokyo
China (partners)
SHIGEYUKI SUMINO,
PRES
Masato Ohtsuki, ch
Noboru Kurihara,
dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 2,396 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 30 M
TREND SLOW WORTH Yen 143 M
STARTED 1975 EMPLOYES 135
RETAILER OF WOMEN’S CLOTHING, OWNED BY JAVA HOLDINGS
CO LTD.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by Java Holdings Co Ltd as a
retailer of women’s clothing and accessories.
This is a group of 5 companies, and the goods are manufactured by the
group makers. The brand names are:
“Lipstar” & “Losicarie”. Goods are
sold online, too. Suppliers include
general trading houses, clothing mfrs, other
Financials are
disclosed only partially. Profits are
not precisely disclosed and are only estimated.
The firm posted the net loss of Yen 180 million for the 2010 fiscal
term.
The sales volume
for Mar/2014 fiscal term amounted to Yen 2,396 million, an 8% down from Yen
2,612 million in the previous term. The
net profit is estimated posted at Yen 30 million, compared with Yen 35 million
a year ago.
For the current
term ending Mar 2015 the net profit is projected at Yen 32 million, on a 4%
rise in turnover, to Yen 2,500 million.
The financial
situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Apr 1975
Regd No.:
1400-01-011752
(Kobe-Chuoku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 240,000
shares
Issued: 60,000
shares
Sum: Yen
30 million
Major shareholders (%): Java Holdings Co
Ltd* (100)
*.. Holding Company of 5 group firms, at the
caption address, consolidated subsidiary of Itochu
Corp, founded 1964, capital Yen 50 million, sales Yen 45,100 million, recurring
profit Yen 635 million,
employees 2,454, pres Masato Ohtsuki, ch at the caption firm
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Retails women’s
clothing & accessories, branded “Lipstar” & “Losicarie”, other (--100%)
Clients: Consumers, online
shoppers, other
No. of accounts:
Unavailable
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesalers]
Itochu Corp, Mitsui Co, Takisada-Osaka, Toyota Tsusho Corp, Teijin Frontier,
Shin-Ei Co, Sankyo Seiko, other
Payment record: No Complaints
Location: Business area in
Kobe. Office premises at the caption
address are owned and maintained satisfactory.
Bank References:
MUFG (Sannomiya)
SMBC (Sannomiya)
Relations: Satisfactory
(In Million Yen)
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Terms Ending: |
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31/03/2015 |
31/03/2014 |
31/03/2013 |
31/03/2012 |
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Annual
Sales |
|
2,500 |
2,396 |
2,612 |
2,453 |
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Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
32 |
30 |
35 |
30 |
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Total
Assets |
|
|
744 |
N/A |
N/A |
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Net
Worth |
|
|
143 |
113 |
78 |
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Capital,
Paid-Up |
|
|
30 |
30 |
30 |
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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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S.Growth Rate |
|
4.34 |
-8.27 |
6.48 |
-7.33 |
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Current Ratio |
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|
.. |
.. |
.. |
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N.Worth Ratio |
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|
19.22 |
.. |
.. |
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N.Profit/Sales |
|
1.28 |
1.25 |
1.34 |
1.22 |
Notes: Financials
are only partially disclosed. Profits
are only estimated as not disclosed.
Forecast (or
estimated) figures for the 31/03/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.20 |
|
|
1 |
Rs.95.99 |
|
Euro |
1 |
Rs.71.00 |
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.