MIRA
INFORM REPORT
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Report Date : |
06.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
GRIFFITH LABORATORIES KK |
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Registered Office : |
3378-1 Ohbuchi Kakegawa City Shizuoka-Pref 437-1304 |
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Country : |
Japan |
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Date of Incorporation : |
March 1972 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Processing, Manufacturing of Food Seasoning, Additives,
Sauces, Other |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
name & address
GRIFFITH
LABORATORIES KK
REGD NAME: Griffith Laboratories KK
MAIN OFFICE: 3378-1 Ohbuchi Kakegawa City Shizuoka-Pref
437-1304 JAPAN
Tel:
0537-48-5311
* The given address is its Tokyo Regional
Headquarters at: IVSS Bldg, 2-13-31 Konan Minatoku Tokyo 108-0075, as given
URL: http://www.griffithlaboratories.com/
E-Mail address: (thru
the URL)
ACTIVITIES
Processing, mfg of food seasoning, additives, sauces, other
BRANCHES
Tokyo (as given)
FACTORY(IES)
At the caption address
OFFICER(S)
SEIICHI NAGATA, PRES
Yen
Amount: In million Yen,
unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen - - - M*
PAYMENTS REGULAR CAPITAL Yen
262 M
TREND STEADY WORTH Yen
262 M**
STARTED 1972 EMPLOYES 60
*
Financials are not disclosed; ** Expressed by the paid-up capital
COMMENT
PROCESSOR OF SEASONINGS, SAUCES, FOOD ADDITIVES, WHOLLY OWNED BY GRIFFITH LABORATORIES WORLDWIDE INC (USA).
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: UNABLE TO BE
ASSESSED DUE TO THE ABSENCE OF PROVEN BUSINESS. THE FIRM DOES NOT DISCLOSE ANY OF ITS FINANCIALS AS THEY ARE
CONSOLIDATED BY THE US HEADQUARTERS AND CANNOT BE RELEASED WITHOUT THEIR
APPROVAL.
HIGHLIGHTS
The
subject company was established by Griffith Laboratories Worldwide Inc (USA) as
its marketing arm in Japan. This firm
specializes in mfg and processing food additives: seasonings, spices, sauces,
gravies & soups mixes, bakery & dough blends, food additives,
other. Materials are imported from the
US parent and its group firms. Tokyo
Office covers greater-Tokyo and northern Japan. Domestic clients are major food processors, bakeries, other,
nationwide.
FINANCIAL INFORMATION
Financials
are consolidated by the USA parent and not disclosed. The firm declined to disclose them to our direct contact, saying they
are controlled by the USA parent and cannot be disclosed without their approval
for what purpose, etc. Some say annual
turnover is somewhere around Yen 10,000 million, but this has not been verified
by any third parties as proven results.
No other database (credit firms) has any better information including
financials, either..
The
financial situation is considered FAIR and good for ORDINARY business
engagements as judged from the long existence in the business on the back of
the business & financial capacities of the USA parent. Max credit limit is unable to be assessed
due to the absence of proven business records.
REGISTRATION
Date Registered: Mar
1972
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 524,000
shares
Issued: 524,000
shares
Sum: Yen
262 million
Major shareholders (%)
Griffith laboratories Worldwide
Inc (USA) (100)
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Manufactures & processes food
ingredients & additives: seasonings, spices, sauces, gravies & soups
mixes, bakery & dough blends, food additives, other (--100%)
Materials are supplied from the USA parent and its group
firms.
Clients
Food processors, chain stores,
other
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers
[Mfrs] Materials are supplied from the USA parent and its group
firms (7.5%)
Payment
record: Regular
Location:
Business area in Osaka. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References
MUFG (Osaka)
Mizuho Bank (Osaka)
Relations: Satisfactory
FINANCES: (In Million Yen)
NOT MADE AVAILABLE
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.18 |
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UK Pound |
1 |
Rs.75.05 |
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Euro |
1 |
Rs.60.89 |
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%)