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Report No. : |
311631 |
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Report Date : |
12.03.2015 |
IDENTIFICATION DETAILS
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Name : |
ENOTECA COMPANY LIMITED |
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Registered Office : |
5-14-15 Minami Azabu, Minato-ku Tokyo |
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Country : |
Japan |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
August, 1988 |
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Com. Reg. No.: |
010401005018 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
As a specialist wine trading company, Enoteca imports wines, operates shops, and conducts wholesale and online sales of wines. |
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No. of Employees : |
438 |
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
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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 |
ENOTECA COMPANY LIMITED
REGD NAME: KK
Enoteca
MAIN OFFICE: 5-14-15
Minami Azabu, Minato-ku Tokyo 106-0047
Tel:
03-3280-6388 Fax: 03-3280-6293
E-Mail address: No email address
is available for general information.
As a specialist wine trading company, Enoteca imports wines, operates
shops, and conducts wholesale and online
sales of wines.
Tokyo, Osaka, Nagoya, Sendai, Hiroshima,
Fukuoka, other (Total10 wholesale offices as well as approx.. 50 own retails in
most of major cities in Japan )
Subsidiaries in
China and South Korea, 16 retail shops in Hong Kong, Singapore, China and South
Korea
YASUHISA HIROSE, PRES Susumu Toda, s/vp
Tatsuya Hayashi, dir Tatsuo Kawasaki, dir
Junko Katayanagi, dir Jen-Siang Kong, dir
FINANCES FAIR A/SALES Yen 17,313M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 1,661 M
TREND UP WORTH UNAVAILABLE
STARTED 1988 EMPLOYES 438
Trading frim of
wine operating more than 60 retails shops and conducting wholesales to department
stores, supermarkets and wine shops.
Financial situation considered FAIR and GOOD for ordinary business
engagement.
Enoteca is founded in Hiroo which is one of the major trend setting
towns in Tokyo.
The founder, also current president, Hiroyasu Hirose established Enoteca
to import wine from overseas in more reasonable prices. 25years ago, when Mr.
Hirose established the company, market prices of wine in Japan had been far
expensive than those in other countries. Considering such Japan wine market, he
started Enoteca in 1988.
In 2006, Enoteca was listed in Osaka stock market but in 2011, the
management team announced they would choose MBO with support of Unison Capital
Group.
In 2015, Enoteca and Asahi Breweries ( largest beer company in Japan)
announced that Asahi would complete acquisition by March 2015 and Enoteca would
be a 100% subsidiary of Asahi Breweries.
Financials are disclosed only partially as the company is no longer
listed after announcement of MBO in 2011.
The sales for 2014 fiscal term amounted to Yen 17,313 million, approx..
20% up from Yen 14.400 million in the
previous term. The net profit was posted Yen 171 million increasing 20%
from Yen 142 in the prior year.
For the current term ending March 2015, sales is projected at YEN 20,000
million and the net profit at Yen 197 million is expected. Final results are
yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit is estimated at Yen 116.7 million, on 30
days normal terms.
Date Registered:
Aug 1988
Regd No.: 010401005018
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: Unavailable
Issued: Unavailable
Sum: Yen 1,661.6 million
Major
shareholders (%): Asahi Breweries (100%)
after April 2015
No
of shareholders: 1
Nothing detrimental is known as to the
commercial morality of executives.
Activities: Wine trading
company. Operating more than 60 retail shops and conducting wholesales to
department stores, supermarkets and wine shops.
Clients: Major department
stores (Takashimaya, Mitsukoshi Isetan, Seibu and others) Super markets, wine
shops and retail customers.
No. of accounts:
unavailable
Domestic areas of
activities: Nationwide
Suppliers: Champagne Louis
Roederer, Taillevent, Montes S.A. and others
Payment
record: No Complaints
Location: Nation Wide +
Asia (Hong Kong, China, Singapore and Korea)
Bank
References:
Risona (Azabu)
Mizuho (Aoyama)
SMBC ( Azabu)
Relations:
Satisfactory
(In
Million Yen)
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/3/2015 fiscal term.
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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 |
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20,000 |
17,313 |
14,400 |
13,118 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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197 |
171 |
142 |
769 |
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Total
Assets |
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Net
Worth |
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Capital,
Paid-Up |
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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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15.52 |
20.23 |
9.77 |
#DIV/0! |
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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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0.99 |
0.99 |
0.99 |
5.86 |
Notes: B/S information is not available as it
became non listed after 2011.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.75 |
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1 |
Rs.94.60 |
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Euro |
1 |
Rs.67.10 |
INFORMATION DETAILS
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Analysis Done by
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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.