MIRA
INFORM REPORT
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Report Date : |
14th
June, 2006. |
IDENTIFICATION
DETAILS
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Name : |
PACIFIC
YOKO COMPANY LIMITED |
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Registered Office : |
4-5-11 Kugayama Suginamiku Tokyo |
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Country : |
Japan |
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Financials (as on) : |
30.09.2005 |
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Date of Incorporation : |
May 1986 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of bread &
confectionary mfg materials, their processing equipment, wines |
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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Maximum Credit Limit : |
YEN 33.3 MILLION |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Company name
PACIFIC YOKO CO LTD
REGD NAME
Pacific Yoko KK
MAIN OFFICE
Davinci Kayabacho 376-3F, 3-7-6 Nihombashi-Kayabacho Chuoku Tokyo 103-0025 JAPAN
Tel : 03-5642-6081
Fax : 03-5642-6085
Registered at
4-5-11 Kugayama Suginamiku Tokyo
URL :http://www.pacificyoko.com/
E-Mail address :food@pacificyoko.com (Food Div)
kikai@pacific.com (Machinery Div)
wine@pacific.com (Wine Div)
ACTIVITIES
Import, wholesale of bread & confectionary mfg materials, their processing equipment, wines
BRANCHES
Nil
OFFICER(S)
SHOHEI TSUCHIDA, PRES
Jun Nomura, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,857 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen 215 M
STARTED 1986 EMPLOYES 14
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN CAKE & BREAD MAKING MATERIALS, THEIR PROCESSING MACHINERY AND WINES. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 33.3 MILLION, NORMAL 30 DAYS TERM.
HIGHLIGHTS
The subject company was established by Shohei Tsuchida in order to make most of his experience. Specializes in importing and wholesaling dough, lactic butter, baking oil, pie-crest, yeast, other confectionery & bread making materials & ingredients; baking equipment, confectionery processing machinery, and wines. Goods are imported from Netherlands, USA, UK, Germany, Italy, France, Spain, Portugal, other EU countries. Clients are domestic major bakeries, foodstuff processors, other.
Note: Regarding the corporate name: Yoko is pronounced in Japanese as “Yoh-Koh”, which means “going abroad”. Shohei Tsuchida started buying goods by “going abroad”, chiefly Netherlands to start with.
The sales volume for Sept/2005 fiscal term amounted to Yen 1,857 million, a 4% up from Yen 1,782 million in the previous term. Sales of machinery division expanded. The net profit was posted at Yen 50 million, compared with Yen 51 million a year ago. Profitability is deteriorating due to rising costs of imports & operations.
For the current term ending Sept 2006 the net profit is projected at Yen 50 million, on a 3% rise in turnover, to Yen 1,900 million. Machinery division sales continue rising.
The financial situation is considered FAIR to GOOD and responsible for ORDINARY business engagements. Max credit limit is estimated at Yen 33.3 million, on normal 30 days terms.
REGISTRATION
Date Registered :May 1986
Legal Status :Limited Company (Kabushiki Kaisha)
Authorized :800 shares
Issued :200 shares
Sum : Yen 10 million
Major shareholders (%) : Shohei Tsuchida (100)
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities:
Imports and wholesalers: bread & cake making materials & ingredients (--50%): yeast dough, pie crest, lactic butter, baking oil, meringue, other cake & bread making materials & ingredients (--50%); cake & bread processing equipment: universal ovens, deck ovens, turbo-jet tunnel, dual vertical ovens, spiral coolers, spiral freezers, spiral mixers, hydra mixers, greasers, oil printers, bread molds, their parts & components, (40%), wines (10%). Goods are also exported.
Clients
[Bakeries, food processors] Oriental Yeast, First Baking Co, Fuji Baking, Miyoshi Oil & Fat, Kanematsu Food, Yamazaki Baking, F Bakery Corp, Kobeya baking, other.
No. of accounts : 500
Domestic areas of activities : Centered in greater-Tokyo
Suppliers
[Mfrs, wholesalers] Zeelandia, DSM (--Netherlands), Croda Foods(UK), Hein (Luxemburg), Gouet, Moulin-huchede, Thierry Meunier (--France), Salva (Spain), Technopool Spa, Sancassiano Spa (--Italy), Bakels Co (New Zealand), Ernst Bocker GmbH & Co, other from Netherlands, UK, Italy, Germany, France, Spain, Portugal, Chile, USA, other.
(Wine supplies): J&F Lurton, Rene Bouvier, Jasmeyer, Chateau de Coulaine (France), Coppo, Fabrizio Juli, Cascina Adelaide, Carlo di Pradis, La Fiorita, Cantine Ciolli, Baronia dei Feudi (--Italy), Churchill’s (Portugal), other from France, Italy, Spain, Portugal, Chile, etc.
Payment record: Regular
Location
Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References
Bank of Tokyo-Mitsubishi UFJ (Kyobashi-Chuo)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms
Ending: |
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30/09/2006 |
30/09/2005 |
30/09/2004 |
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Annual
Sales |
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1,900
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1,857
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1,782
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Recur.
Profit |
(*) |
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85
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79
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Net
Profit |
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50
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50
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51
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Total
Assets |
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N/A |
N/A |
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Net
Worth |
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215
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165
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Capital,
Paid-Up |
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10
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10
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Div.P.Share(¥) |
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0.00
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0.00
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<Analytical
Data> |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.32
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4.21
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18.96
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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 |
2.63
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2.69
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2.86
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 30/09/2006 fiscal term.
(*) Data disclosed by the Taxation Office as the pretax profits.
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |