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Report No. : |
333279 |
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Report Date : |
23.07.2015 |
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) : |
30.06.2014 |
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Date of Incorporation : |
August, 1994 |
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Com. Reg. No.: |
0110-01-027990 |
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Legal Form : |
Limited Company |
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Line of Business : |
Imports, retails and wholesales teas: black teas, green teas, oolong
teas, flavored teas, herbal teas, others (--100%). |
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No. of Employee : |
280 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
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 an
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. Scarce in many
natural resources, Japan has long been dependent on imported raw materials.
Since the complete shutdown of Japan’s nuclear reactors after the earthquake
and tsunami disaster in 2011, Japan's industrial sector has become even more
dependent than it was previously on imported fossil 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 impressive - 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 aftereffects 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.
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 of that year disrupted
manufacturing. The economy has largely recovered in the four years since the
disaster, although reconstruction in the affected Tohoku region has lagged, in
part due to a shortage of labor in the construction sector. Japan enjoyed a
sharp uptick in growth in 2013 on the basis of Prime Minister Shinzo Abe’s
“Three Arrows” economic revitalization agenda - dubbed “Abenomics” - of
monetary easing, “flexible” fiscal policy, and structural reform. Abe’s
government has replaced the preceding administration’s plan to phase out
nuclear power with a new policy of seeking to restart nuclear power plants that
meet strict new safety standards, and emphasizing nuclear energy’s importance
as a base-load electricity source. Japan joined the Trans-Pacific Partnership
(TPP) 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. While seeking to stimulate and reform the
economy, the government must also devise a strategy for reining in Japan's huge
government debt, which amounts to more than 230% of GDP. To help raise
government revenue, Japan adopted legislation in 2012 to gradually raise the
consumption tax rate to 10% by 2015, beginning with a hike from 5% to 8%
implemented in April 2014. That increase had a contractionary effect on GDP,
however, so PM Abe in late 2014 decided to postpone the final phase of the
increase until April 2017 to give the economy more time to recover. Led by the
Bank of Japan’s aggressive monetary easing, Japan is making progress in ending
deflation, but demographics - low birthrate and an aging, shrinking population
- pose 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
USA, Taiwan, Australia, Singapore, Paris
(--stores)
Tochigi, Shiga (blending, sorting,
packaging, etc)
HIROKI MIZUKUCHI, PRES Masayoshi Mizukuchi, ch
Akira Itoh, v pres Yoko Niina, dir
Akihide Nakai, mgn dir Kaori Morishige, dir
Yen Amount: In
million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 9,005 M
PAYMENTS NO
COMPLAINTS CAPITAL Yen 217 M
TREND STEADY WORTH Yen 3,614 M
STARTED 1994 EMPLOYES 280
IMPORTER AND RETAILER OF TEAS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by
Masaki Mizukuchi 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 5 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, Kenya, other. Teas are blended, sorted, and packaged at the
own factory (Tochigi & Shiga). Goods
are also wholesaled. Operates Lupicia
tea school.
The sales volume for Jun/2014 fiscal term
amounted to Yen 9,005 million, a 3% up from Yen 8,723 million in the previous
term. Tea drinkers are increasing,
particularly from health benefits. The
recurring profit was posted at Yen 536 million and the net profit at Yen 268
million, respectively, compared with Yen 549 million recurring profit and Yen
260 million net profit, respectively, a year ago.
For the term that ended Jun 2015 the
recurring profit was projected at Yen 545 million and the net profit at Yen 275
million, respectively, on a 3% rise in turnover, to Yen 9,250 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: 300
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Imports from Hario, Lupicia Taiwan, other from India, Sri China, Africa, Germany, France,
Italy, Kenya, etc.
Domestically from Tosco Trading Inc, Ogawa
& Co, Kawaguchi Can, Lupicia Taipei, Mistake Farm, Hiranoya Bussan Co,
Marushichi Suzuki Shoten, 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: |
30/06/2015 |
30/06/2014 |
30/06/2013 |
30/06/2012 |
|
|
Annual Sales |
|
9,250 |
9,005 |
8,723 |
8,091 |
|
Recur. Profit |
|
545 |
536 |
549 |
205 |
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Net Profit |
|
275 |
268 |
260 |
137 |
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Total Assets |
|
|
8,484 |
8,340 |
7,578 |
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Current Assets |
|
|
3,456 |
3,280 |
3,230 |
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Current Liabs |
|
|
2,380 |
2,399 |
4,347 |
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Net Worth |
|
|
3,614 |
3,346 |
2,545 |
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Capital, Paid-Up |
|
|
217 |
217 |
30 |
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Div.Ttl in Million (¥) |
|
|
0.00 |
0.00 |
32.8 |
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<Analytical
Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
2.72 |
3.23 |
7.81 |
14.18 |
|
Current Ratio |
|
.. |
145.21 |
136.72 |
74.30 |
|
N.Worth Ratio |
|
.. |
42.60 |
40.12 |
33.58 |
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R.Profit/Sales |
|
5.89 |
5.95 |
6.29 |
2.53 |
|
N.Profit/Sales |
|
2.97 |
2.98 |
2.98 |
1.69 |
|
Return On Equity |
|
.. |
7.42 |
7.77 |
5.38 |
Notes: Forecast (or estimated) figures for the 30/06/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.53 |
|
|
1 |
Rs.99.19 |
|
Euro |
1 |
Rs.69.60 |
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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|
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Report Prepared
by : |
SDA |
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 |
|
<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.