|
Report No. : |
320969 |
|
Report Date : |
05.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
ORANDAYA CORPORATION |
|
|
|
|
Registered Office : |
211 Shinminato Mihamaku Chiba 261-0002 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.08.2014 |
|
|
|
|
Date of Incorporation : |
December 2013 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Manufactures and retails cakes (Japanese & western), breads, other,
operating 38 stores in Chiba-Pref and 9 franchisees (--100%) |
|
|
|
|
No. of Employees : |
75 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
Yen 2.6 Million |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
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) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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. Since the
complete shutdown of Japan’s nuclear reactors after the earthquake and tsunami
disaster in 2011, Japan's industrial sector has become 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 four 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. A sales tax increase caused
the economy to contract during the 2nd and 3rd quarters of 2014. The economy
has largely recovered in the three years since the disaster, but reconstruction
in the Tohoku region has been uneven due to labor shortages. 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 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. The government will continue a
longstanding debate on restructuring the economy and reining in Japan's huge
government debt, which amounts to more than 240% 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 2015, although the government
in 2014 decided to postpone the final phase of the increase until 2017 to give
the economy time to recover from the 2014 increase. 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.
|
Source
: CIA |
ORANDAYA
CORPORATION
KK Orandaya
211 Shinminato Mihamaku Chiba 261-0002 JAPAN
Tel: 043-241-4111 Fax:
043-241-4116
E-Mail address: (thru the URL)
ACTIVITIES: Mfg of cakes (Japanese & western),
bread
BRANCHES: 38 retail shops in Chiba-Pref
FACTORIES: Chiba
OFFICERS: KAZUMASA IKEDA, PRES Yuji Kitamura, mgn dir
Shuya Manabe, dir Satoshi Nishida, dir
Kunimitsu Kobayashi,
dir
Yen Amount: In million Yen,
unless otherwise stated
FINANCES R/WEAK A/SALES Yen 1,764 M
PAYMENTS SLOW BUT CORRECT CAPITAL Yen 50 M
TREND UP WORTH Yen 25 M
STARTED 2013 EMPLOYES 75
COMMENT: MFR OF CAKES & BREADS. FINANCIAL
SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: ESTIMATED AT YEN 2.6 MILLION, ON 30 DAYS NORMAL TERMS.
The subject company is a specialized mfr of cakes (Japanese &
western), breads, other. Operates 38
retail shops in Chiba-Pref, and 9 franchisees.
Products are wholesaled to supermarkets, cake stores, other
The sales volume for the initial term ending Aug/2014 fiscal term
amounted to Yen 1,764 million (for 8 months).
The operations were in red to post Yen 27 million recurring loss and Yen
25 million net losses, respectively.
This is due to the heavy costs for opening stores, the firm says.
For the current term ending Aug 2015 the recurring profit is projected
at Yen 100 million and the net profit at Yen 50 million, respectively, on a 4%
rise (as adjusted on a 12-month basis) in turnover, to Yen 2,750 million.
The financial situation is considered RATHER WEAK but should be good for
MODERATE business engagements. Max
credit limit is estimated at Yen 2.6 million, on 30 days normal terms.
Date Registered: Dec
2013
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 4,000 shares
Issued:
1,000 shares
Sum: Yen
50 million
Major shareholders
(%): Chiba Industrial Bank
(45), Higashi Nippon Disaster Victims Support
for
Reconstructing Livelihood Assn (30),Chiba
Shinkin Bank (25) for Reconstructing Livelihood Assn (30),Chiba Shinkin Bank
(25)
No. of shareholders: 3
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Manufactures and
retails cakes (Japanese & western), breads, other, operating 38 stores in
Chiba-Pref and 9 franchisees (--100%)
Clients: [Consumers,
franchisees, mfrs, wholesalers] Ito-Yokado, other
No. of accounts: Unavailable
Domestic areas of activities: Centered in Chiba-Pref
Suppliers: [Mfrs,
wholesalers] Ito-Ya Pack, Okura Leisure Group, Sanko-Shokuhin, Iwase-Esta Tokyo,
other
Payment record: Slow but correct
Location: Business area in
Chiba. Office premises at the caption
address are owned and maintained satisfactory.
Bank References:
Chiba Shinkin Bank (Inage))
Chiba Kogyo Bank (H/O)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
31/08/2015 |
31/08/2014 |
|
|
Annual Sales |
|
2,750 |
1,764 |
|
Recur. Profit |
|
100 |
-27 |
|
Net Profit |
|
50 |
-24 |
|
Total Assets |
|
|
1,570 |
|
Current Assets |
|
|
369 |
|
Current Liabs |
|
|
422 |
|
Net Worth |
|
|
25 |
|
Capital, Paid-Up |
|
|
50 |
|
Div.P.Share(¥) |
|
|
0.00 |
|
<Analytical Data> |
|
(%) |
(%) |
|
S.Growth Rate |
|
3.93 |
- - - |
|
Current Ratio |
|
.. |
87.44 |
|
N.Worth Ratio |
|
.. |
1.59 |
|
R.Profit/Sales |
|
3.64 |
-1.53 |
|
N.Profit/Sales |
|
1.82 |
-1.36 |
Notes: The 31/08/2014 fiscal term is the initial accounting term. Growth rate is adjusted on a 12-month basis.
Forecast (or estimated) figures for the 31/08/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.57 |
|
|
1 |
Rs.97.99 |
|
Euro |
1 |
Rs.70.53 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
|
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 |
|
|
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 |
|
|
26-40 |
B |
Capability to
overcome financial difficulties seems comparatively below average. |
Small |
|
|
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.