MIRA
INFORM REPORT
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Report Date : |
15.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
THE EAST ASIATIC COMPANY (JAPAN) LTD |
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Registered Office : |
Svax Ts Bldg, 1-22-12 Toranomon Minatoku Tokyo 105-0001 |
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Country : |
Japan |
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Date of Incorporation : |
Mar 1982 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of draft beer & dispensing equipment |
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 315 millions |
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Status : |
Fair |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
name
THE EAST ASIATIC COMPANY (JAPAN) LTD
REGD NAME
East Asiatic Company Japan KK
MAIN OFFICE
SVAX TS Bldg, 1-22-12 Toranomon Minatoku Tokyo 105-0001 JAPAN
Tel : 03-3503-5321
Fax : 03-3503-3324
URL : http://www.eacjapan.co.jp
E-Mail address: info@eacjapan.co.jp
ACTIVITIES
Import, wholesale of draft beer & dispensing equipment
BRANCHES
(Overseas): Hanoi, Ho Chi Minh, Manila
OFFICERS
TORBEN SODERBERG, PRES
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,800 M*
PAYMENTS REGULAR CAPITAL Yen 200 M
TREND STEADY WORTH Yen 1,160 M*
STARTED 1982 EMPLOYES 25
*.. Financials are not disclosed and these figures are
estimated only
COMMENT
IMPORTER SPECIALIZING IN BEER
& SOFT DRINK DISPENSING EQUIPMENT, WHOLLY OWNED BY METOR CONSOLIDATORS
LTD. FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 315 MILLION, 30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The subject company was established EAC (Denmark) as its
marketing office in Japan. The firm specializes in importing and
wholesaling draft beer & dispensing equipment as main stay.
In 2001, the firm became a group of Metro Consolidators Ltd,
Denmark. Goods are all imported from
Metro Consolidators group firms. The
firm has three overseas offices: Manila, Hanoi and Ho Chi Minh. Clients are major beer breweries and soft
drink manufactures, other, nationwide.
FINANCIAL INFORMATION
The firm does not disclose any of its financials and the following figures have been provided from outside sources.
The sales volume for Feb/2006 fiscal term amounted to Yen 1,800 million, a 10% up from Yen 1,700 million in the previous term. The net profit is reportedly posted at Yen 100 million. The net worth as of Feb/2006 is reportedly at Yen 1,160 million.
For the term just ended Feb 2007 the net profit is believed
posted at Yen 105 million, on a 6% rise in turnover, to Yen 1,900 million.
Outside sources consider the financial situation is FAIR and
good for ORDINARY business engagements.
Max credit limit is estimated at Yen 315 million, on 30 days normal
terms. On the back of the financial
strength of the parent, Metro Consolidators Ltd, the financial situation is
considered FAIR to GOOD.
REGISTRATION
Date Registered: Mar
1982
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 4,000
shares
Issued: 4,000
shares
Sum: Yen
200 million
Major shareholders (%): Metro
consolidators Ltd (Denmark) (100)
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Imports and wholesales draft beer &
dispensing equipment (--100%).
Dispensing
equipment for beer: Dispense head, extractor tube,
regulator, cooler, keg;
Dispensing equipment for soft drink: pumps, tubing, coolers, fittings, dispense towers, other;
Winery business: capsule
for sparking wine, plastic stopper, wire hood, capsule for wine, other.
Clients: [Beer breweries, food processors] Kirin Brewery, Kirin Beverage Corp, Sapporo Breweries, Asahi Breweries, other.
No. of accounts: 100
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Imports from Metro Consolidators
Ltd and group firm.
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
MUFG (Toranomon)
SMBC (Toranomon)
Relations: Satisfactory.
FINANCES
(In Million Yen)
NOT MADE AVAILABLE
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 |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)