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Report No. : |
311901 |
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Report Date : |
12.03.2015 |
IDENTIFICATION DETAILS
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Name : |
MOTTOX INC |
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Registered Office : |
1-6-20 Kosaka-Hommachi, Higashi-Osaka-Shi,
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Country : |
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Financials (as on) : |
31.03.2014 |
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Year of Establishment |
1954 |
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Com. Reg. No.: |
122001006459 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Trading Firm of Wine, Japanese Sake, Shochu in Reasonable
Prices. |
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No. of Employees : |
150 |
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 |
MOTTOX INC
REGD NAME: KK
Mottox
MAIN OFFICE: 1-6-20
Kosaka-Hommachi, Higashi-Osaka-Shi, Osaka, 577-0802
Tel: 06-6723-3131 Fax: 06-6723-3140
URL: http://www.mottox.co.jp
E-Mail address: (thru
the URL)
Trading
firm of wine, Japanese Sake, Shochu in reasonable prices.
Akasaka
(Tokyo)
ATSUSHI
HIRAOKA, PRES
Taichi Teranishi, ch Daisuke Teranishi, vp
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 10,100 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
30 M
TREND UP WORTH Unavailable
STARTED 1915 EMPLOYES 150
Selling imported wine as well as
Japanese Sake and shochu. 95% of sales are generated from imported wine.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by ancestor of Teranishi
family and it has been kept long term business presence in Osaka more than 100
years.
Financials are disclosed only partially.
The sales volume for January/2014 fiscal term amounted to
Yen 10,222 million, a 9% up from Yen 9,355 million in the previous term. The
net profit at Yen 251 million is a 40% up compared with Yen 180 million, a year
ago.
For the current term ending January 2015, the net profit at
Yen 271 million is estimated on a 7% rise in turnover, to Yen 11,000
million. Final results are yet to be
released.
The financial situation is considered FAIR and good for
ORDINARY business engagements.
Date Registered: 1954
Regd No.: 122001006459
Legal Status: Limited Company (Kabushiki Kaisha)
Sum: Yen
30 million
Major shareholders (%): Taichi Teranishi, Daisuke Teranishi, Ippei Teranishi
No. of shareholders: Unavailable but
most stocks are shared by Teranishi Family.
Nothing
detrimental is known as to the commercial morality of executives.
Activities: As well as importing various brand of
wine, Mottox has its own brand and bottled in overseas. In addition, they
operate wholesale business of Japanese sake and shochu.
Clients: Retails stores
No. of
accounts: 1,000
Domestic
areas of activities: Osaka and Tokyo
Suppliers: Oishi Shuzo, Kitajima Shuzo, Wine
exporters in Italy, France, Chile and Germany
Payment record: No
Complaints
Location: Business area in Osaka. Office premises at the caption address
are maintained satisfactory.
Bank References:
SMBC (Kosaka)
BTMU (Kosaka)
Relations: Satisfactory
(In Million Yen)
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31Jan/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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11,000 |
10,222 |
9,356 |
8,721 |
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Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
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271 |
252 |
180 |
206 |
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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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7.61 |
9.26 |
7.28 |
#DIV/0! |
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Current
Ratio |
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.. |
.. |
.. |
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N.WorthRatio |
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.. |
.. |
.. |
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N.Profit/Sales |
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2.46 |
2.46 |
1.92 |
2.37 |
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
: |
DIV |
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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.