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Report No. : |
335628 |
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Report Date : |
01.09.2015 |
IDENTIFICATION DETAILS
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Name : |
AKACHAN HOUSE 123 |
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Registered Office : |
Kojimachi Mitsuba Bldg 1F, 3-5 Nibancho Chiyodaku Tokyo 102-0084 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2015 |
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Date of Incorporation : |
August 1991 |
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Com. Reg. No.: |
0104-01-090781
(Tokyo-Chiyodaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Subject is Imports and retails baby supplies: baby
clothes, baby goods, baby carts, baby foods (canned), baby footwear. |
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No. of Employee : |
13 |
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 |
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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 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 first-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.
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Source
: CIA |
AKACHAN HOUSE 123
REGD NAME: KK
Akachan House 123
MAIN OFFICE: Kojimachi
Mitsuba Bldg 1F, 3-5 Nibancho Chiyodaku Tokyo 102-0084 JAPAN
Tel: 03-6261-5901 Fax: 03-6261-4782
URL: http://www.soukai.com (of the parent, Soukai Drug Co Ltd)
E-Mail
address: info@soukai.com
Retail
of baby supplies, goods, other
Chiba
(3) (--warehousing); Shibuyaku (retail shop)
NORIAKI
KOMORI, PRES Takuya Yamaguchi, dir
Hiroshi
Anabuki, dir Makoto
Kato, dir
Osamu
Kishiyama, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 5,197 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 10 M
TREND STEADY WORTH Yen 660 M
STARTED 1991 EMPLOYES 13
RETAILER OF BABY SUPPLIES.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR
ORDINARY BUSINESS ENGAGEMENTS.
NORMAL TERMS.
The subject company was established in 1988 and was
incorporated in 1991. This is a retailer
of baby goods, supplies (clothing, foods, baby carts, other), other, operating
a store in Shibuyaku Tokyo. In Apr 2014,
the firm became a wholly owned subsidiary of Soukai Drug Co Ltd (See REGISTRATION). Goods are supplied from major baby supplies
makers, wholesalers, other.
Financials are disclosed only partially. Profits are not disclosed for Mar/2014 &
2015 fiscal terms and are only estimated for these two terms.
The sales volume for Mar/2015 fiscal term amounted to Yen
5,197 million, a 3% down from Yen 5,370 million in the previous term. The net profits is estimated posted at Yen
140 million, compared with Yen 146 million a year ago.
For the current term ending Mar 2016 the net profit is
projected at Yen 150 million, on a 5% rise in turnover, to Yen 5,450 million.
The financial situation is considered FAIR and good for
ORDINARY business engagements.
Date Registered: Aug
1991
Regd No.: 0104-01-090781 (Tokyo-Chiyodaku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized:
800 shares
Issued:
200 shares
Sum: Yen 10 million
Major shareholders (%): Soukai Drug Co Ltd* (100)
*.. Drug store operator, at the caption address, founded 2000,
capital Yen 305 million, sales Yen
20,566 million, net profit Yen 40 million, total assets Yen 6,396 million, net
worth Yen 768 million, employees 38, pres
Noriaki Komori
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and retails baby supplies:
baby clothes, baby goods, baby carts, baby foods (canned), baby footwear, other
(--100%)
Clients: Consumers
No. of
accounts: Unavailable
Domestic
areas of activities: Centered in the greater-Tokyo
Suppliers: Baby goods mfrs, wholesalers, other
Payment record: No
Complaints
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
SMBC
(Tokyo & Kojimachi)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
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31/03/2016 |
31/03/2015 |
31/03/2014 |
31/03/2013 |
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Annual
Sales |
|
5,450 |
5,197 |
5,370 |
4,262 |
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Recur.
Profit |
|
.. |
.. |
.. |
272 |
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Net
Profit |
|
150 |
140 |
146 |
162 |
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Total
Assets |
|
|
1,259 |
N/A |
1,089 |
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Net
Worth |
|
|
660 |
520 |
371 |
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Capital,
Paid-Up |
|
|
10 |
10 |
10 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
|
4.87 |
-3.22 |
26.00 |
25.35 |
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Current Ratio |
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|
.. |
.. |
.. |
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N.Worth Ratio |
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|
52.42 |
.. |
34.07 |
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N.Profit/Sales |
|
2.75 |
2.69 |
2.72 |
3.80 |
Notes: Financials are only
partially disclosed. Profits for the
31/03/2014 and 2015 are only estimated
as not precisely disclosed.
Forecast
(or estimated) figures for the 31/03/2016 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.26 |
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|
1 |
Rs.101.99 |
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Euro |
1 |
Rs.74.79 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
ASH |
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.