MIRA INFORM REPORT
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Report Date : |
24.02.2011 |
IDENTIFICATION DETAILS
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Name : |
BEIXING TRADING CO LTD |
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Registered Office : |
NTA Nihombashi Bldg 6F, 3-1-2 Nihombashi
Chuoku |
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Country : |
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Financials (as on) : |
31.10.2010 |
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Date of Incorporation : |
February 1983 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale
of soya beans, rice, wheat, other farm products |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Yen 57.8 Million |
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Status : |
Small Company |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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
BEIXING TRADING CO LTD
REGD NAME
Beixing Boeki KK
MAIN OFFICE
NTA Nihombashi Bldg
6F, 3-1-2 Nihombashi Chuoku
Tel:
03-5204-2380 Fax: 03-5202-1780
URL: www.okura-agri.com
E-mail: info@okura-agri.com
ACTIVITIES
Import,
wholesale of soya beans, rice, wheat, other farm products
BRANCHES
Nil
OFFICER(S)
HIROYOSHI
OKURA, PRES
Naomi
Yuyama, dir
Kurazo
Shimane, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 3,510 M
PAYMENTS REGULAR CAPITAL Yen
17 M
TREND SLOW WORTH Yen
17 M
STARTED 1983 EMPLOYES 12
COMMENT
TRADING
FIRM SPECIALIZING IN FARM PRODUCTS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX CREDIT
LIMIT: YEN 57.8 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Hirofusa Takeuchi in order to
make most of his experience in the subject lien of business, and was succeeded
by the present executives. Hiroyoshi Okura
is concurrently pres of Okura Agri Co Ltd, a trading house specializing in farm
products,
FINANCIAL INFORMATION
The sales volume for Oct/2010 fiscal term amounted to Yen 3,510 million,
a 9% down from Yen 3,814 million in the previous term. The recurring profit was posted at Yen 24
million and the net profit at Yen 15 million, respectively, compared with Yen
41 million recurring profit and Yen 25 million net profit, respectively, a year
ago. .
For the current term ending Oct 2011 the recurring profit is projected
at Yen 25 million and the net profit at Yen 20 million, respectively, on a 5%
rise in turnover, to Yen 3,700 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 3,700 million, on 30 days normal terms.
REGISTRATION
Date Registered: Feb
1983
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 1,360 shares
Issued: 340 shares
Sum: Yen
17.5 million
Major shareholders (%): Okura Agri Co Ltd* (63),
Hirofusa Takeuchi (7), Hirofusa Takeuchi (5), other
Wholesaler of fertilizer, feeds, farm products, at the
caption address, founded 1998, sales Yen 11,952 million, net profit Yen 62 million,
employees 16, pres Hiroyoshi Okura, concurrently
No. of shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales
soy beans, rice, wheat, other farm products, fertilizers, feeds, other (--100%)
Clients: [Mfrs,
wholesalers] Yamasa Corp (soy bean sauce mfr), Takano Foods, Tateno Corp, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Toyota Tsusho Corp, Asahi Beer Feeds, Mercian, Calpis, A&C
Create, other
Payment record: Regular
Location: Business area in
Bank References:
Mizuho
Bank (Kobunacho)
MUFG
(Ueno-Chuo)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/10/2011 |
31/10/2010 |
31/10/2009 |
31/10/2008 |
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Annual
Sales |
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3,700 |
3,510 |
3,844 |
4,016 |
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Recur.
Profit |
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25 |
24 |
41 |
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Net
Profit |
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20 |
15 |
25 |
32 |
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Total
Assets |
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1,410 |
1,367 |
1,421 |
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Current
Assets |
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1,388 |
1,348 |
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Current
Liabs |
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920 |
874 |
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Net
Worth |
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281 |
271 |
252 |
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Capital,
Paid-Up |
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17 |
17 |
17 |
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Div.P.Share(¥) |
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20.00 |
20.00 |
20.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
5.41 |
-8.69 |
-4.28 |
10.73 |
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Current Ratio |
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.. |
150.87 |
154.23 |
.. |
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N.Worth Ratio |
.. |
19.93 |
19.82 |
17.73 |
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R.Profit/Sales |
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0.68 |
0.68 |
1.07 |
.. |
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N.Profit/Sales |
0.54 |
0.43 |
0.65 |
0.80 |
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Return On Equity |
.. |
5.34 |
9.23 |
12.70 |
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Notes:
Forecast (or estimated) figures for the 31/10/2010 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.45.20 |
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1 |
Rs.73.17 |
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Euro |
1 |
Rs.61.88 |
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 |
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.