MIRA
INFORM REPORT
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Report Date : |
16.10.2007 |
IDENTIFICATION DETAILS
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Name : |
MITSUI & CO ( |
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Registered Office : |
25FL |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
March 26, 1976 |
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Com. Reg. No.: |
0046776 |
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Legal Form : |
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Line of Business : |
Trading of various kinds consumer products |
RATING & COMMENTS
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MIRA’s Rating : |
Aa |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
Up To US$ 1,000,000 |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name &
address
MITSUI & CO (
25FL FAR EAST FINANCE CENTRE
ADMIRALTY
TEL : 852 28238888
FAX : 852 28660477
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH 26, 1976
REGISTRATION NO. :
0046776
CHIEF EXECUTIVE :
MR. MAKOTO YOSHIMURA (CHAIRMAN)
STAFF STRENGTH :
120
CAPITAL :
US$ 25,673,941
BUSINESS LINE :
TRADER
TURNOVER :
US$ 1,347,881,899.87 (AS OF DEC. 31,
2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.75535 = US$1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M – million
HKD –
*Company Registration*
===================
License number : 0046776
Date issued : 26 March,
1976
Issuing authority : Companies
Registry
Legal form : Public
Company
Type of license : Corporate
License number : 04673306
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Registrar*
=========
F S LI ASSOCIATES LTD
*Company Name*
=============
Incorporated as : MITSUI
& CO (HK) LTD
Date of incorporation : 26
March, 1976
Changed name to : MITSUI
& CO (
Date of change : 27
January, 1981
*Capital Details*
=============
Authorized capital : HKD 200,000,000.00 divided into 200,000,000
ordinary shares at HKD 1.00/-each, fully paid
*Office & Facilities*
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Comment : Also occupies 26th
floor of the building.
Other contact details
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Tel nos. : 28238716 / 28238777
Fax no. : 25296161
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
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Any of the following directors can sign on behalf of the company with
seal affixed :
- Mr. Masao Omura
- Mr. Yoshimura Makoto
Website : www.mitsui.co.jp It is the website of its parent. The design is professional and the content is well organized. At present
it is in both Japanese and English versions.
E-mail : m.yoshimura@mitsui.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholder :
1
Total number of ordinary shares : 200,000,000
Shareholder's Name No. of
Ordinary Shares Amount of Shares
(HKD) % of Shares
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--------------------------------
----------------------------------
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MITSUI & CO LTD
200,000,000
200,000,000.00
100.00
Share transfers :
Date No.
of Ordinary Shares
Transferor(s) Transferee(s)
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31 March, 2006
2
Hisanori Sato MITSUI
& CO LTD
*Directors' Details*
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Tatsuo Maeda
Overseas passport no. : TZ0411679
Address :
Hidekumi Nebashi
HKID no. :
R261372(6)
Address :
Flat B 3Fl
Masao Omura
HKID no. :
R437526(1)
Address :
Unit B 2Fl Flora Garden - Block 3,
Mitsuhiro Shimizu
HKID no. : R035192(9)
Address :
Rm 3311 The
Toshihiro Soejima
Overseas passport no. : TZ0414360
Address :
34Fl
Yutaka Taka
Overseas passport no. : TZ0091570
Address : Rm
1612,
Shinya Tanaka
Address : Rm
2803
Date of appointment : 15 June, 2007
*COMPANY MANAGEMENT*
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Name Nationality
Job Description
Mr. Makoto Yoshimura Japanese
Chairman
Mr. Hisanori Sato Japanese
Managing Director
*Key Personnel*
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Hisanori Sato
Responsibilities : Handles the overall management of the firm.
Makoto Yoshimura
HKID no. :
R427830(4)
Address : B3,
5/6Fl Altadena House Penthouse
Email address :
m.yoshimura@mitsui.com
*Main Products & Services*
======================
Specializes in the following areas of work :
1. Trading of various kinds consumer products, which include :
- Textile
- Clothing
- Meats
- Vegetables
- Rice
- Beverages
- Dairy products
- Electrical & Electronic
- Gifts
- Toys & Games
- Plastic
- Rubber
- Paper
- Machinery
- Ships, boats & floating
structure
- Construction materials
- Soaps
- Pharmaceuticals
- Chemicals
- Fertilizers
2. Sales and distribution to local and overseas markets.
Products : Audio equipment
Beverages
Boats
Cereals
Cleaning
agents
*Payment Terms*
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Sales
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Local : Cash or Credit
Export : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
Purchases
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Local : Cash or Credit
Import : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
*Associations*
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Member of :
- Hong Kong General Chamber of Commerce
*Local Distribution Network*
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Part of the annual turnover is attributed to local sales.
*Export Markets*
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Part of the annual turnover is attributed to export.
*(Subsidiaries , Joint-ventures & Affiliates)
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Company Name : ALTA MODA INT'L LTD
Address : Rm 508, 5Fl New
Country :
Relationship : Minor Investments
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Garments & Accessories
Company Name : CHEVALIER MLD LEASING CO LTD
Address : 23Fl Chevalier Commercial Centre 8 Wang Hoi Rd
Country :
Relationship : Joint-Venture
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : MITSUI BUSSAN PRECIOUS METALS (HK) LTD
Address : Rm
Country :
Relationship : Minor Investments
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Metals & Metal Products
*Subsidiaries, Joint-ventures & Affiliates*
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Maintains eight (8) subsidiaries and ten (10) associated companies.
Joint-Venture
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CHEVALIER MLD LEASING CO LTD
This is a joint-venture between the following companies :
- CHEVALIER (
- MITSUI LEASING & DEVELOPMENT CO LTD
- MITSUI & CO (
PAYMENT RATING : 3 OBTAINED SCORES : 66
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Implication |
Implications |
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1 |
Scores 85–100 |
Excellent |
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2 |
Scores 75 – 84 |
Above Average |
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3 |
Scores 50 – 74 |
Average |
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4 |
Scores 35 – 49 |
Fair |
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5 |
Scores 15 – 34 |
Below Average |
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6 |
Scores 01 – 14 |
Poor |
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NR |
No Data |
No Data |
The rating indicates the
payment pattern of SC based upon our Payment Database, comments from suppliers
of SC, information from banks (if available), as well as industrial sources.
Dealings on open terms may be possible for
FAIRLY LARGE amounts depending on individual judgement experience.
No financial were available for this investigation.
*Financial Summary (Currency:
===============================
Year Sales Assets Net Income
2006 US$ 1,347,881,899.87 n/a n/a
SC is considered a medium-sized company in its line with good
background. It is considered a credit line up to US$ 1,000,000 appears to be
within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 1479 Chemicals
and fertilizer minerals
Trading 2043 Cereal
breakfast foods
Trading 2048 Prepared
feeds
Trading 2082 Malt
beverages
Trading 2300 Apparel/Other
Textile Products
Trading 2322 Men's
and boys' underwear and nightwear
Trading 2329 Men's
and boys' clothing
Trading 2341 Women's
girls', and infants' underwear and nightwear
Trading 2800 Chemicals
and Allied Products
Trading 2869 Industrial
organic chemicals
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 0709 Vegetables,
fresh or chilled
Trading 0900 Coffee,
tea, mate & spices
Trading 1000 Cereals
Trading 2200 Beverages,
spirits & vinegar
Trading 2309901020 Poultry
feeds, prepared
Trading 2309901040 Livestock
feed, prepared
Trading 2900 Organic chemicals
Trading 3100 Fertilizers
Trading 5911 Textile
products etc. for specific tech uses
Trading 6100 Articles
of apparel & clothing accessories-knitted or crocheted
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Trader Stainless
steel
Trader Motor
vehicles
Trader Textile raw
materials
Trader Textile
fabrics
Trader Knitted
clothes
Trader Leather
clothes
Trader Live
animals
Trader Vegetables
Trader Fruits
Trader Nuts
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Importing from
Importing from
Importing from
Importing from
Importing from
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. |
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%)