MIRA
INFORM REPORT
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Report Date : |
23.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
SUZUSHO LTD |
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Registered Office : |
23 Arakicho Shinjukuku Tokyo 160-0007 |
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Country : |
Japan |
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Date of Incorporation : |
Apr 1954 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of confectionery,
beverages, dairy products, other |
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 131.6 millions |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
name
SUZUSHO LTD
REGD NAME
KK Suzusho
MAIN OFFICE
23 Arakicho Shinjukuku Tokyo 160-0007 JAPAN
Tel: 03-3225-1161
Fax: 03-3225-1160
URL : http://www.suzusho.co.jp
E-Mail address: Info@suzusho.co.jp
ACTIVITIES
Import, wholesale of confectionery, beverages, dairy
products, other
BRANCHES
Tokyo (2)
FACTORY(IES)
Kawasaki (warehouse)
OFFICERS
Koushi Suzuki, ch ISSEI
SUZUKI, PRES
Nobuaki Sawae, s/mgn dir Masateru
Isezaki, mgn dir
Mitsuhiro Hasegawa, dir Hajime
Matsui, dir
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 6,097 M
PAYMENTS REGULAR CAPITAL Yen 72 M
TREND STEADY WORTH Yen 1,923 M
STARTED 1954 EMPLOYES 42
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN CONFECTIONERY &
OTHER FOODSTUFFS. FINANCIAL SITUATION
CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 131.6 MILLION, 30 DAYS NORMAL
TERMS. .
HIGHLIGHTS
This is an old-established trading firm dating back to 1919
when Shiro Suzuki started producing syrup & cold beverages, on his
account. In this year, started
importing various essences and flavorings from Bayern (Germany) and John Elmer
(UK). Incorporated in 1954, the firm has been succeeded by his
descendants. Shirou is the founder’s
son and Issei his grandson,
who took the pres office in Mar 1992.
Specializes in import and wholesale of con- fectionery in the main, dairy products (raw materials),
prepared foods, other foodstuffs. Goods
are imported widely from USA,
Canada, UK, France, Italy, Spain, Germany, Switz, Netherlands, Portugal,
Rumania, other. Clients are major
foodstuff traders nationwide.
FINANCIAL INFORMATION
The sales volume for Mar/2006 fiscal term amounted to Yen 6,097 million, a 1.4% up from Yen 6,016 million in the previous term. The recurring profit was posted at Yen 246 million and the net profit at Yen 88 million, respectively, compared with Yen 197 million recurring profit and Yen 88 million net profit, respectively, a year ago.
For the current term ending Mar 2007 the net profit is projected at Yen 87 million, on a similar turnover, at Yen 6,100 million.
The financial situation is considered FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 131.6 million, on 30 days normal terms.
REGISTRATION
Date Registered: Apr
1954
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 576,000
shares
Issued: 144,000
shares
Sum: Yen
72 million
Major shareholders (%): Koushi Suzuki (37), Issei Suzuki (30), Employees’ S/Holding Assn (8), Seishi Suzuki (7)
No. of shareholders: 42
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: A trading house for import, export, wholesale and
warehousing of confectionery & foodstuffs (--100%)
(Handling items): Bakery
& snack foods, beverages & alcohols, canned/bottled pre-served foods, cereals,
chocolates & confectioneries, cheese & dairy products (raw materials),
frozen & fresh produces, prepared foods & specialties, processed meat
products, cosmetics, others.
Clients: [Food processors, food dealers] Kokubu & Co, Nichirei Corp, Italian Foods, Sanyu Shokuhin, Being Co, Jokki Co, Imado Corp, Takanashi Milk Products, Muroi Trading, other.
No. of accounts: 1,000
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Imports from Citadell Maple Syrup,
Royal Buisman, PJ Rhodes Corp, General Mills, Zingg & Co, Hero Switzerland,
Ermes Fontana, Agros Nova Co, Bio Famila AG, Bornholms Konsevesfabrik A/S, Joe
Int’l, Tengu & Co, Bluebird Confectionery, Fiorentini Alimentari Spa,
General Mills, Con Agra Foods Inc, other.
Domestically, supplied from Hero Japan, other.
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are owned and maintained
satisfactorily.
Bank References
Mizuho Bank (Yotsuya)
SMBC (Kojimachi)
Relations: Satisfactory.
FINANCES
(In Million Yen)
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Terms Ending: |
31/03/2007 |
31/03/2006 |
31/03/2005 |
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Annual
Sales |
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6,100 |
6,097 |
6,016 |
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Recur.
Profit |
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246 |
197 |
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Net
Profit |
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87 |
88 |
58 |
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Total
Assets |
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5,842 |
6,019 |
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Current
Assets |
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3,411 |
3,463 |
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Current
Liabs |
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1,079 |
1,633 |
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Net
Worth |
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1,923 |
1,884 |
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Capital,
Paid-Up |
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72 |
72 |
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Div.P.Share(¥) |
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300.00 |
300.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
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S.Growth Rate |
0.05 |
1.35 |
-4.34 |
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Current Ratio |
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.. |
316.13 |
212.06 |
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N.Worth Ratio |
.. |
32.92 |
31.30 |
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R.Profit/Sales |
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.. |
4.03 |
3.27 |
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N.Profit/Sales |
1.43 |
1.44 |
0.96 |
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Return On Equity |
.. |
4.58 |
3.08 |
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Note: Forecast (or estimated) for the 31/03/2007 fiscal
term.
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%)