MIRA INFORM REPORT
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Report No. : |
310951 |
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Report Date : |
05.03.2015 |
IDENTIFICATION DETAILS
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Name : |
SUNTORY SPIRITS LIMITED |
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Registered Office : |
Suntory Beer Bldg, 2-3-3 Daiba Minatoku Tokyo 135-0091 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
December 1921 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufactures beer/whisky/other liquor |
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No. of Employee : |
1,000 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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 |
Company
name and address
SUNTORY SPIRITS LIMITED
REGD NAME: Suntory SPIRITS KK
MAIN OFFICE: Suntory Beer Bldg, 2-3-3 Daiba
Minatoku Tokyo 135-0091 JAPAN
Tel: 03-5579-1000
URL: http://www.suntory.co.jp/
E-mail: (thru the URL)
ACTIVITIES
Mfg of
beer, whisky, other liquor
BRANCHES
Osaka,
Kyoto, Nagoya, other
FACTORIES
Gunma
OFFICER(S)
ATSUSHI
KOIZUMI, PRES Yasunori Aiba, dir
Yasunori
Tanaka, dir Koji Kojima,
dir
Yen
Amount: In million Yen, unless otherwise
stated
SUMMARY
FINANCES FAIR A/SALES Yen 422,297 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
15,000 M
TREND STEADY WORTH Yen 43,100 M
STARTED 1921 EMPLOYES 1,000
COMMENT
MFR OF
BEER, WHISKY, OTHER LIQUOR
FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
HIGHLIGHTS
The
subject company was established by a certain Saji in order to make most of his
experience in the subject line of business.
An old established beer brewer and makes whisky, and other liquor. In Feb 2009 moved into a holding company by
forming Suntory Holdings Ltd, and the subject concentrates in beer/whisky
making. New brand/taste beer is being
increasing manufactured.
FINANCIAL
INFORMATION
Financials
are consolidated by the parent, Suntory Holdings Ltd, and only partially
disclosed.
The
sales volume for Dec/2013 fiscal term amounted to Yen 422,297 million, a 4% up
from Yen 408,425 million in the previous term.
The net profit was posted at Yen 13,189 million, compared with Yen 5,582
million net profits a year ago.
For the
term that ended Dec 2014 the net profit was projected at Yen 14,000 million, on
a 5% rise in turnover, to Yen 443,400 million.
Final results are yet to be released.
The
financial situation is considered FAIR and good for ORDINARY business
engagements.
REGISTRATION
Date Registered:
Dec 1921
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 120 million shares
Issued: 30
million shares
Sum: Yen 15,000 million
Major shareholders (%): Suntory Holdings Ltd* (100)
*..
Holding company, Osaka, founded 2009, capital Yen 70,000 million, sales Yen
2,040,204 million, operating profit Yen 126,558 million, recurring profit Yen
120,552 million, net profit Yen 195,574 million, total assets Yen 2,374,070
million, net worth Yen 708,012 million, employees34,129, pres Nobutada Saji
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures beer/whisky/other
liquor (--100%)
Clients: [Mfrs, wholesalers] Suntory
Beer & Spirits, Suntory Wine International, Okinawa Suntory, Kokubu Ltd,
Ryoshoku Liquor, other
No. of
accounts: 500
Domestic areas of activities:
Nationwide
Suppliers [Mfrs, wholesalers] Toyo Seikan,
Yoshino Kogyosho, Universal Cans, Hokkai Cans, Mitsubishi Materials, Nihon
Yamamura Glass, Zen-Noh, other
Payment record: No Complaints
Location: Business area in Tokyo. Office premises at the caption address are
owned by the group and maintained satisfactorily.
Bank References:
MUFG
(Osaka)
SMBC
(Dojima)
Relations:
Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
|
31/12/2014 |
31/12/2013 |
31/12/2012 |
31/12/2011 |
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Annual Sales |
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443,400 |
422,297 |
408,425 |
389,371 |
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Recur. Profit |
|
.. |
.. |
.. |
.. |
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Net Profit |
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14,000 |
13,189 |
5,582 |
7,679 |
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Total Assets |
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N/A |
N/A |
N/A |
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Net Worth |
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43,100 |
29,911 |
24,329 |
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Capital, Paid-Up |
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15,000 |
15,000 |
15,000 |
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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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(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
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5.00 |
3.40 |
4.89 |
2.67 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
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3.16 |
3.12 |
1.37 |
1.97 |
Notes: Financials
are consolidated by the parent, Suntory Holdings Ltd, and only partially disclosed.
Forecast
(or estimated) figures for the 31/12/2014 fiscal term
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.61.85 |
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|
1 |
Rs.94.96 |
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Euro |
1 |
Rs.69.10 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
ANK |
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 |
-- |
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.