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Report No. : |
305996 |
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Report Date : |
30.01.2015 |
IDENTIFICATION DETAILS
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Name : |
GRAPE & CO LTD |
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Registered Office : |
2-94 Motomachi Nakaku |
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Country : |
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Date of Incorporation : |
July 1967 |
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Com. Reg. No.: |
0200-02-042268 (Yokohama-Nakaku) |
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Legal Form : |
Private Limited Company (Yugen
Kaisha) |
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Line of Business : |
Selling women’s & children’s clothing and clothing
accessories |
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No. of Employee : |
80 |
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 : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
GRAPE & CO LTD
REGD NAME: YK
Grape
MAIN OFFICE: 2-94
Motomachi Nakaku
Tel:
045-661-1221 Fax: 045-661-0008
URL: N/A
ACTIVITIES: Retail of ladies’ clothing &
accessories
STORES: Yokohama, Kawasaki, Chigasaki,
Kamakura, Fukushima, Shizuoka, Hiratsuka,
Tokyo, Odawara, Yokosuka
(Tot 10)
OFFICER(S): KOJI OKAJIMA, PRES
Junko Nakajima, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY: FINANCES FAIR A/SALES Yen 900 M
PAYMENTS REGULAR CAPITAL Yen 15 M
TREND SLOW WORTH Yen
850 M
STARTED 1967 EMPLOYES 80
COMMENT: RETAILER OF WOMEN’S CLOTHING &
ACCESSORIES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
The
subject company was established by Koji Okajima in order to make most of his
experience in the subject line of business. This is a retailer operating 10 stores in
Yokohama and greater-Tokyo area, selling women’s clothing and accessories. The main store is located in the business
center of Yokohama, enjoying good sales.
Goods are imported from India, China, Korea, other.
Financials are only partially disclosed as is the case with
family-based companies.
The sales volume for Jul/2014 fiscal term amounted to Yen
900 million, a 2% down from Yen 920 million in the previous term. The net profit was posted at Yen 35 million,
compared with Yen 36 million a year ago.
For the current term ending Jul 2015 the net profit is
projected at Yen 37 million, on a 3% rise in turnover, to Yen 930 million. The weaker Yen may assist to raise earnings
in Yen terms.
The financial situation is considered FAIR and good for
ORDINARY business engagements.
Date Registered: Jul 1967
Regd No..: 0200-02-042268 (Yokohama-Nakaku)
Legal Status: Private
Limited Company (Yugen Kaisha)
Regd Capital: Yen
15 million
Major shareholders (%): Koji
Okajima and families (100)
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Operates 10 chain stores in Yokohama
and Tokyo area, selling women’s & children’s clothing and clothing
accessories (--100%).
(Retail 90%, wholesale 10%)
Clients:
[Consumers, wholesalers] Takamura, Papillon, other.
No. of
accounts: Unavailable
Domestic
areas of activities: Centered in Yokohama and Tokyo areas.
Suppliers:
[Mfrs, wholesalers] Imports from India, China, Korea, other.
Domestically supplied from Beat
Five, Yofukuya, other.
Payment record:
Regular
Location:
Business area in Yokohama. Office
premises at the caption address are owned and maintained satisfactorily.
Bank References:
SMBC
(Yokohama-Chuo)
Bank
of Yokohama (Motomachi)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
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31/07/2015 |
31/07/2014 |
31/07/2013 |
31/07/2012 |
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Annual
Sales |
|
930 |
900 |
920 |
900 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
37 |
35 |
36 |
35 |
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Total
Assets |
|
|
N/A |
N/A |
N/A |
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Net
Worth |
|
|
850 |
826 |
801 |
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Capital,
Paid-Up |
|
|
15 |
15 |
15 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
3.33 |
-2.17 |
2.22 |
0.00 |
|
Current Ratio |
|
|
.. |
.. |
.. |
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N.Worth Ratio |
|
|
.. |
.. |
.. |
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N.Profit/Sales |
|
3.98 |
3.89 |
3.91 |
3.89 |
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/07/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.50 |
|
|
1 |
Rs.93.12 |
|
Euro |
1 |
Rs.69.33 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
|
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 |
|
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 |
|
-- |
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.