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MIRA INFORM REPORT
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Report No. : |
516259 |
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Report Date : |
22.06.2018 |
IDENTIFICATION DETAILS
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Name : |
CASA NATURAL CORPORATION |
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Registered Office : |
3-64-3-105 Arakawa Arakawaku Tokyo 116-0002 |
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Country : |
Japan |
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Financials (as on) : |
31.07.2017 |
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Date of Incorporation : |
November 2012 |
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Com. Reg. No.: |
0115-01-018152 |
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Legal Form : |
Limited Company |
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Line of Business : |
A trading firm for import, export and wholesales of fresh vegetables,
fruits, beers, Mexican foods & foodstuffs, other |
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No. of Employees : |
7 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Maximum Credit Limit : |
Yen 8.5 Million |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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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
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Country Name |
Previous Rating (31.12.2017) |
Current Rating (01.04.2018) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
JAPAN - ECONOMIC OVERVIEW
Over the past 70 years, government-industry cooperation, a strong work ethic, mastery of high technology, and a comparatively small defense allocation (slightly less than 1% of GDP) have helped Japan develop an advanced economy. Two notable characteristics of the post-World War II 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 have significantly eroded under the dual pressures of global competition and domestic demographic change.
Measured on a purchasing power parity basis that adjusts for price differences, Japan in 2017 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. For three postwar decades, overall real economic growth was impressive - averaging 10% in the 1960s, 5% in the 1970s, and 4% in the 1980s. Growth slowed markedly in the 1990s, averaging just 1.7%, largely because of the aftereffects of inefficient investment and the collapse of an asset price bubble in the late 1980s, which resulted in several years of economic stagnation as firms sought to reduce excess debt, capital, and labor. Modest economic growth continued after 2000, but the economy has fallen into recession four times since 2008.
Japan enjoyed an uptick in growth since 2013, supported by Prime Minister Shinzo ABE’s “Three Arrows” economic revitalization agenda - dubbed “Abenomics” - of monetary easing, “flexible” fiscal policy, and structural reform. Led by the Bank of Japan’s aggressive monetary easing, Japan is making modest progress in ending deflation, but demographic decline – a low birthrate and an aging, shrinking population – poses a major long-term challenge for the economy. The government currently faces the quandary of balancing its efforts to stimulate growth and institute economic reforms with the need to address its sizable public debt, which stands at 235% of GDP. To help raise government revenue, Japan adopted legislation in 2012 to gradually raise the consumption tax rate. However, the first such increase, in April 2014, led to a sharp contraction, so Prime Minister ABE has twice postponed the next increase, which is now scheduled for October 2019. Structural reforms to unlock productivity are seen as central to strengthening the economy in the long-run.
Scarce in critical natural resources, Japan has long been dependent on imported energy and raw materials. After the complete shutdown of Japan’s nuclear reactors following the earthquake and tsunami disaster in 2011, Japan's industrial sector has become even more dependent than before on imported fossil fuels. However, ABE’s government is seeking to restart nuclear power plants that meet strict new safety standards and is emphasizing nuclear energy’s importance as a base-load electricity source. In August 2015, Japan successfully restarted one nuclear reactor at the Sendai Nuclear Power Plant in Kagoshima prefecture, and several other reactors around the country have since resumed operations; however, opposition from local governments has delayed several more restarts that remain pending. Reforms of the electricity and gas sectors, including full liberalization of Japan’s energy market in April 2016 and gas market in April 2017, constitute an important part of Prime Minister Abe’s economic program.
Under the Abe Administration, Japan’s government sought to open the country’s economy to greater foreign competition and create new export opportunities for Japanese businesses, including by joining 11 trading partners in the Trans-Pacific Partnership (TPP). Japan became the first country to ratify the TPP in December 2016, but the United States signaled its withdrawal from the agreement in January 2017. In November 2017 the remaining 11 countries agreed on the core elements of a modified agreement, which they renamed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Japan also reached agreement with the European Union on an Economic Partnership Agreement in July 2017, and is likely seek to ratify both agreements in the Diet this year.
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Source : CIA |
Company
summary
CASA NATURAL CORPORATION
REGD NAME: KK
Casa Natural
MAIN OFFICE: 3-64-3-105
Arakawa Arakawaku Tokyo 116-0002 JAPAN
Tel: 03-5604-5253 Fax: 03-5604-5253
URL: http://www.casanatural.co.jp
E-Mail address: (thru the URL)
ACTIVITIES: Import,
export, wholesale of fruits, vegetables, beer, Mexican foodstuffs, other
BRANCHES: Nil
OVERSEAS: Mexico
(subsidiary)
OFFICERS: DAISUKE
YAMASHITA, PRES
Masaaki Kamishina,
dir
Seishi Kondo, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY: FINANCES R/WEAK A/SALES Yen 1,124 M
PAYMENTS SLOW BUT CORRECT CAPITAL Yen
10 M
TREND UP WORTH Yen 23 M
STARTED 2012 EMPLOYES 7
COMMENT
TRADING FIRM SPECIALIZING FRUITS &
VEGETABLES, OTHER.
FINANCIAL SITUATION CONSIDERED RATHER WEAK
BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
ESTIMATED AT YEN 8.5 MILLION, ON 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company is a trading firm specializing raw fruits,
vegetables, beers, Mexican foodstuffs, other.
Has a subsidiary in Mexico (founded in 2014), where for the Mexican
foods & foodstuffs are imported.
FINANCIAL
INFORMATION
The sales volume for Jul/2017 fiscal term amounted to Yen 1,174 million, a 67% up from Yen 675 million in the previous term. Large orders were received. The recurring profit was posted at Yen 30 million and the net profit at Yen 21 million, respectively, compared with Yen 1 million recurring loss and Yen 4 million net losses, respectively, a year ago.
For the current term ending Jul 2018 the recurring profit is projected at Yen 40 million and the net profit at Yen 25 million, respectively, on a 3% rise in turnover, to Yen 1,160 million.
The financial situation is considered R/WEAK but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 8.5 million, on 30 days normal terms.
REGISTRATION
Date Registered: Nov 2012
Regd No.:
0115-01-018152
(Tokyo-Arakawaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 10,000
shares
Issued: 1,000
shares
Sum: Yen
10 million
Major
shareholders (%): Daisuke Yamashita (51), Masaaki Kamishina (20), Seishi Kondo (16.5),
other
No.
of shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: A trading firm
for import, export and wholesales of fresh vegetables, fruits, beers, Mexican
foods & foodstuffs, other (--100)
Clients: [Mfrs,
wholesalers] Dole International Holdings, Cable Span Japan, Sensho Industry,
Sanko Bussan, Smile Inc, JWM Asia Japan, other
No. of accounts: 300
Domestic areas of activities: Centered In
the greater-Tokyo & vicinities
Suppliers: [Mfrs,
wholesalers] Doll Asia Holdings, Capespan Japan, Sensho Industry, Sanko Product
Co, Hortiful Commercial, Valley Fresh Produce Inc, other
Imports from Mexico, other
Payment
record: Slow but correct
Location: Business area in Tokyo. Office premises at the caption address are
owned and maintained satisfactory.
Bank References:
MUFG (Nippori)
Johoku Shinkin Bank
(H/O)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/07/2018 |
31/07/2017 |
31/07/2016 |
31/07/2015 |
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Annual
Sales |
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1,160 |
1,124 |
675 |
524 |
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Recur.
Profit |
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40 |
30 |
-1 |
1 |
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Net
Profit |
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25 |
21 |
-4 |
1 |
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Total
Assets |
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184 |
127 |
80 |
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Net
Worth |
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23 |
5 |
9 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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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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3.20 |
66.52 |
28.82 |
617.81 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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12.50 |
3.94 |
11.25 |
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N.Profit/Sales |
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2.16 |
1.87 |
-0.59 |
0.19 |
Notes: Forecast
(or estimated) figures for the 31/07/2018 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 68.20 |
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1 |
INR 89.58 |
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Euro |
1 |
INR 78.79 |
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Yen |
1 |
INR 0.62 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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VIV |
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Report Prepared
by : |
SYL |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.