MIRA
INFORM REPORT
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Report Date : |
05.12.2011 |
IDENTIFICATION DETAILS
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Name : |
LACTO JAPAN CO LTD |
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Registered Office : |
Neo Kawai Bldg 3F, 4-8-15 Nihombashi-Honcho Chuoku Tokyo 103-0023 |
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Country : |
Japan |
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Financials (as on) : |
30.11.2010 |
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Year of Establishment : |
May 1998 |
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Com. Reg. No.: |
0100-01-051615 (Tokyo-Chuoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of dairy products, livestock products |
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No. of Employees : |
57 |
RATING & COMMENTS
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MIRAs 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 818.9 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name and address
LACTO JAPAN CO LTD
REGD NAME: KK
Lacto Japan
MAIN OFFICE: Neo
Kawai Bldg 3F, 4-8-15 Nihombashi-Honcho Chuoku Tokyo 103-0023 JAPAN
Tel: 03-6214-3831 Fax: 03-6214-3721
URL: http//:www.lactojapan.com
E-mail: sales@lactojapan.com
ACTIVITIES
Import, export,
wholesale of dairy products, livestock products
BRANCHES
Singapore,
Melbourne, Los Angeles, Amsterdam; Italy, China, Malaysia, USA
FACTORIES
(subcontracted)
OFFICER(S)
SHIGERU YASUMI,
PRES Jun Ishii, dir
Isamu Take, dir Motohisa
Miura, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 46,410 M
PAYMENTS REGULAR CAPITAL Yen
465 M
TREND SLOW WORTH Yen
4,368 M
STARTED 1998 EMPLOYES 57
COMMENT
TRADING FIRM
SPECIALIZING IN DAIRY PRODUCTS & MEAT PRODUCTS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS
MAX CREDIT LIMIT:
YEN 818.9 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established
by Shigeru Yasumi and partners in order to make most of their experience in
foreign trading. This is a trading firm
specializing in import, export and wholesale of dairy ingredients, cheese,
processed meat products, other. Operates
5 overseas subsidiaries and 2 agencies.
Goods are imported from Europe, USA, China, Australia, other. Clients include major dairy products mfrs,
nationwide.
FINANCIAL INFORMATION
The sales volume for Nov/2010 fiscal term amounted to Yen 46,410
million, an almost similar amount of Yen 46,204 million in the previous
term. Trading volumes were increased but
revenues & profits were hurt by the strong Yen, reducing figures in
Japanese Yen terms. Consumer spending
revived. The recurring profit was posted
at Yen 875 million and the net profit at Yen 565 million, respectively,
compared with Yen 1,293 million recurring profit and Yen 575 million net
profit, respectively, a year ago. .
For the term that just ended Nov 2011 the recurring
profit was projected at Yen 900 million and the net profit at Yen 580 million,
respectively, on a 3% rise in turnover, to Yen 47,800 million. Final results are yet to be released.
The financial situation is
considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 818.9
million, on 30 days normal terms.
REGISTRATION
Date Registered: May 1998
Regd No.:
0100-01-051615
(Tokyo-Chuoku)
Legal Status: Limited Company
(Kabushiki Kaisha)
Authorized: 5,424 shares
Issued: 3,918.2 shares
Sum: Yen 465.35 million
Major
shareholders (%): Hajime Yasumi, Jun Ishii, Isamu Take, other (Breakdown unavailable)
No. of shareholders: 37
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, exports
and wholesales dairy & meat products: dairy ingredients used to produce
ice-cream, yogurt, and other products, processed meat products, cheese, other
(--100%).
(Handling Items): Full cream milk powder, skimmed milk powder,
butter, cream, whey powder, WPC (whey protein concentrate), casein, caseinate,
prepared milk powder mixtures (for ice cream, dairy beverages, chocolate,
etc.), prepared butter mixtures (for margarine and ice cream), other prepared
dairy mixtures (ingredients for milk powder for infant formula, prepared
condensed milk, etc.), ice cream, lactose, processed meat products, fresh meat
(for table use and for processing), cheeses
Clients: [Dairy food
producers, wholesalers] Lotte, Meiji Dairies Corp, Morinaga Milk Ind, Glico
Dairy Products, MK Cheese, Yonekyu Co, Agriculture & Livestock Industries
Corp, other
No. of accounts:
500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Seaboard Foods, Lacto Asia, TS Corporation, Tatura Milk
Industries, Yotsuba Co, other.
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
MUFG (Kanda)
Bank of Yokohama
(Tokyo)
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
30/11/2011 |
30/11/2010 |
30/11/2009 |
30/11/2008 |
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Annual
Sales |
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47,800 |
46,410 |
46,204 |
61,924 |
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Recur.
Profit |
|
900 |
875 |
1,293 |
1,289 |
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Net
Profit |
|
580 |
565 |
575 |
812 |
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Total
Assets |
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19,960 |
19,020 |
23,462 |
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Current
Assets |
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18,414 |
16,581 |
22,126 |
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Current
Liabs |
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10,429 |
10,223 |
17,135 |
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Net
Worth |
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4,368 |
3,690 |
3,081 |
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Capital,
Paid-Up |
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|
465 |
465 |
465 |
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Div.P.Share(₯) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.00 |
0.45 |
-25.39 |
36.76 |
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Current Ratio |
|
.. |
176.57 |
162.19 |
129.13 |
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N.Worth Ratio |
.. |
21.88 |
19.40 |
13.13 |
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R.Profit/Sales |
|
1.88 |
1.89 |
2.80 |
2.08 |
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N.Profit/Sales |
1.21 |
1.22 |
1.24 |
1.31 |
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Return On Equity |
.. |
12.93 |
15.58 |
26.36 |
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Notes: Forecast
(or estimated) figures for the 30/11/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.51.35 |
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|
1 |
Rs.80.50 |
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Euro |
1 |
Rs.69.14 |
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 |
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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-- |
NB |
New Business |
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This score serves as a reference to assess SCs 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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.