MIRA INFORM REPORT
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Report Date : |
26.02.2011 |
IDENTIFICATION DETAILS
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Name : |
MINATO & CO LTD |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.01.2011 |
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Date of Incorporation : |
March
1971 |
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Com. Reg. No.: |
(Kobe-Chuoku) 011165 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import,
wholesale of beans & pulse |
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 50.7 Million |
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Status : |
Moderate |
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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
MINATO & CO LTD
REGD NAME
Minato Shoji KK
MAIN OFFICE
Tel:
078-321-3701 Fax: 078-331-6734
URL: http://www./kobeminato.co.jp
E-Mail address: (thru
the URL)
ACTIVITIES
Import,
wholesale of beans & pulse
BRANCHES
OFFICER(S)
YOSHIAKI
MINATO, PRES
Yoshihiro
Minato, ch
Hiroshi
Tsutsusaki, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,800 M
PAYMENTS REGULAR CAPITAL Yen 65 M
TREND SLOW WORTH Yen
416 M
STARTED 1971 EMPLOYES 11
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN BEANS &
PULSE.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR CREDIT ENGAGEMENTS: CD$247,388.00
MAX
CREDIT LIMIT: YEN 50.7 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by Yoshihiro Minato in order to make
most of his experience in the subject line of business. Yoshiaki is his son. This is a family-based trading firm specializing
in import and wholesale of beans & pulse.
Goods are imported from
FINANCIAL INFORMATION
Financials are only partially disclosed as is the case with family-based
companies.
The sales volume for Jan/2010 fiscal term amounted to Yen 2,800 million,
a 4% down from Yen 2,900 million in the previous term. Global economic downturn affected the
sales. Consumer spending was
sluggish. High Yen hurt revenues &
profits in Yen terms. The net profit was
posted at Yen 9 million, compared with Yen 10 million a year ago.
For the term just ended Jan 2011 the net profit was projected at Yen 10
million, on a 4% rise in turnover, to Yen 2,900 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 50.7 million, on 30 days normal terms. The proposed amount is considered well within
the firm’s financial capacities.
REGISTRATION
Date Registered: Mar
1971
Regd No.: (Kobe-Chuoku)
011165
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 520,000 shares
Issued: 130,000 shares
Sum: Yen
65 million
Major
shareholders (%): Yoshihiro Minato & families (--100)
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and
wholesales beans & pulse: small red beans (Tianjin small red beans, Baoqing
small red beans, North-East small red beans, etc), kidney beans, baby lima
beans, cranberry beans, butter beans, large & small white kidney beans, red
kidney beans, Michigan pea beans, sausage beans, long red beans, black peplum,
bocate beans, broad beans (Kalgan broad beans, Qinghai Broad beans, Ninbo broad
beans, Faba beans), peas (Marrowfat peas, winter peas, MA peas), other
(--100%).
Clients: [Bakeries,
wholesalers] Yamazaki Baking Co, Mitsubishi Corp, Hashimoto Foods Corp,
Awashimado, Itotetsu Shoten, Yao Shokuryo Kogyo, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Imports from
Domestically supplied from: Mitsubishi Corp, Toyota Tsusho Corp, Hokuren
Federation of Agricultural Cooperatives, other
Payment record: Regular
Location: Business area in
Bank References:
SMBC
(Sannomiya)
MUFG
(Kobe-Chuo)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/01/2011 |
31/01/2010 |
31/01/2009 |
31/01/2008 |
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Annual
Sales |
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2,900 |
2,800 |
2,900 |
3,000 |
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Recur.
Profit |
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Net
Profit |
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10 |
9 |
10 |
12 |
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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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416 |
410 |
403 |
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Capital,
Paid-Up |
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65 |
65 |
65 |
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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 |
3.57 |
-3.45 |
-3.33 |
3.45 |
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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 |
0.34 |
0.32 |
0.34 |
0.40 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/01/2011 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.45.37 |
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1 |
Rs.73.25 |
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Euro |
1 |
Rs.62.68 |
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.