MIRA INFORM REPORT
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Report Date : |
15.12.2011 |
IDENTIFICATION DETAILS
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Name : |
SUN-TOMMY INTERNATIONAL CO LTD |
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Registered Office : |
Iwakami Bldg 5F, 3-2-6 Nihombashi Chuoku
Tokyo 103-0027 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
March 1995 |
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Com. Reg. No.: |
(Tokyo-Chuoku) 044257 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of rice, soybeans, kidney
beans, green beans |
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No. of Employees
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156 persons |
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 122.4 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 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
SUN-TOMMY INTERNATIONAL CO LTD
REGD NAME
Santomi Jitsugyo
KK
MAIN OFFICE
Iwakami Bldg 5F,
3-2-6 Nihombashi Chuoku Tokyo 103-0027 JAPAN
Tel:
03-3273-5911 Fax: 03-3273-5920
URL: http://www.suntommy.co.jp
E-Mail address: info@suntommy.co.jp
ACTIVITIES
Import,
wholesale of rice, soybeans, kidney beans, green beans, other
BRANCHES
Nagano
OFFICERS
MINORU
TOMINARI, PRES
Mieko Tominari,
dir
Sakiko
Yamada
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 6,722 M
PAYMENTS REGULAR CAPITAL Yen 41 M
TREND STEADY WORTH Yen
142 M
STARTED 1995 EMPLOYES 16
COMMENT
TOKYO-METROP REGISTERED RICE WHOLESALER (REGD No.9-27).
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 122.4 MILLION, 30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The subject company was established by Minoru Tominari in order to make most of his previous experience in the subject line of business. This is a Tokyo-Metrop licensed and registered rice wholesaler (Reg No. 9-27 granted in Jun 1997). Rice wholesalers should be registered with and licensed from the local governments. The subject handles additionally soybeans, kidney beans, green beans, etc. Imports are from USA, Canada, China, Thailand, Australia, Vietnam, New Zealand, Brazil, Argentine, other. Clients are Miso, Tofu mfrs (made from rice), Natto, Bean Sprout (made from soybeans) (--all very, very popular Japanese original foods) processors and rice millers in the greater-Tokyo area.
FINANCIAL INFORMATION
Financials are only partially disclosed as is the case with family-based companies.
The sales volume for Mar/2011 fiscal term amounted to Yen 6,722 million, an 11% up from Yen 6,069 million in the previous term. The soybean & rice price hike of crops pushed up the sales earnings. The net profit was posted at Yen 8 million, compared with Yen 19 million a year ago.
For the current term ending Mar 2012 the net profit is projected at Yen 10 million, on a 4% rise in turnover, to Yen 7,000 million. Higher Yen may affect earnings & profits in Yen terms.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 122.4 million, on 30 days normal terms.
REGISTRATION
Date Registered: Mar 1995
Regd No.: (Tokyo-Chuoku) 044257
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
3,200 shares
Issued:
820 shares
Sum: Yen 41
million
Major shareholders (%):
Minoru Tominari (60), KK Gozasoro*(40)
No. of shareholders: 2
* Foodstuff processor &
retailer, Himeji (Hyogo), operating 79 stores nationwide, capital Yen 79 million,
employees 380, pres Minoru Yamada
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Tokyo-Metrop licensed rice wholesaler; imports rice, soybeans, kidney beans, green beans and other agricultural products (--100%).
Imports from USA, Canada, China, Thailand, Vietnam, New Zealand, Australia, Brazil, Argentine, other.
Clients: [Rice millers, food processors] Gozasoro KK, Masuya Miso, Hikari Miso, Narita Shokuhin Kogyo, Toko Shokuhin, Takeya, Nagano Miso, Ichibiki Co, Saiki Shokuhin Co, Salad Cosmo Co, Miyasaka Brewing Co other
No. of accounts: 300
Domestic areas of activities: Centered in greater-Tokyo
Suppliers: [Growers, wholesalers] Henshall Cooperative, Midwest Soya International, COFCO international (Beijing), Ltd, Brusville, Semoces Prograin, other.
Domestically supplied from: Zen-Noh (National Agricultural Coops), Sojitz Corp, Fujii Co, Ministry of Agriculture, Nakaei Co, other.
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
· MUFG (Yaesudori)
· SMBC (Nihombashi-Higashi)
Relations:
Satisfactory.
FINANCES
(In Million Yen)
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Terms Ending: |
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31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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7,000 |
6,722 |
6,069 |
5,580 |
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Recur.
Profit |
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Net
Profit |
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10 |
8 |
19 |
18 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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142 |
136 |
123 |
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Capital,
Paid-Up |
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41 |
41 |
41 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.14 |
10.76 |
8.76 |
16.25 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
0.14 |
0.12 |
0.31 |
0.32 |
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Note:
Financials are only partially disclosed.
Forecast
(or estimated) for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.58 |
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UK Pound |
1 |
Rs.82.97 |
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Euro |
1 |
Rs.69.89 |
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 |
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 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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.