MIRA INFORM REPORT
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Report Date : |
28.02.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
PIP CO LTD
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Registered Office : |
2-1-36 Noninbashi Chuoku |
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Country : |
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Financials (as on) : |
31.10.2010 |
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Date of Incorporation : |
December 1946 |
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Com. Reg. No.: |
(Tokyo-Meguroku) 087841 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, Export, Wholesale of medical hygiene products, health
foods, baby goods, general merchandise, other |
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 1,539.9 Million |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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
PIP CO LTD
(FUJIMOTO is the name of the Holding Company)
REGD NAME
PIP KK
MAIN OFFICE
2-1-36 Noninbashi
Chuoku
Tel:
06-6941-1781 Fax: 06-6941-9586
URL: www.pip-club.com
E-mail: info@pip-club.com
ACTIVITIES
Import,
export, wholesale of medical hygiene products, health foods, baby goods,
general merchandise, other
BRANCHES
FACTORIES
OFFICER(S)
HISASHI
FUJIMOTO, PRES Yoshiharu Matsuura, v
pres
Takashi
Murata, s/mgn dir Kenji Fujimoto,
mgn dir
Akihiro
Wakabayashi, mgn dir Kazuhiko Oohira,
dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 68,591 M
PAYMENTS REGULAR CAPITAL Yen 270 M
TREND STEADY WORTH Yen
3,864 M
STARTED 1946 EMPLOYES 1,089
COMMENT
TRADING
FIRM SPECIALIZING IN MEDICAL HYGINE PRODUCTS, OTHER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
AX
CREDIT LIMIT: YEN 1,539.9 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established originally in 1918 as PIP Fujimoto
Co Ltd and renamed as captioned in 2010.
This is a trading firm specializing in medical hygiene products, baby
products, health foods, health-care products, pharmaceutical products,
other. In Oct 2010 merged a sister
company, PIP Tokyo Co Ltd. Clients
include baby shops, drugstores, supermarkets, other
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Oct/2010 fiscal term amounted to Yen 68,591
million, a 5% down from Yen 72,094 million in the previous term, as affected by
the global economic downturn. The net
profit was posted at Yen 40 million, compared with Yen 185 million a year
ago. .
For the current term ending Oct 2011 the net profit is projected at Yen
300 million, on a 28% rise in turnover, to Yen 88,000 million. The said merger will contribute in full
term.
The financial situation is considered 1,539.9FAIR and good for ^ORDINARY
business engagements. Max credit limit
is estimated at Yen ^ million, on 30 days normal terms.
REGISTRATION
Date Registered: Dec
1946
Regd No.: (Tokyo-Meguroku)
087841
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 2.16 million shares
Issued: 540,000 shares
Sum: Yen
270 million
Major shareholders (%):
Fujimoto Holdings* (100)
*.. Holding Company owned by the
Fujimoto family.
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, exports
and wholesales medical hygiene products, baby products, health foods,
health-care products, pharmaceuticals, other (--100%)
Clients: [Chain stores,
baby shops, drugstores] Nishimatsuya Chain, Aeon Retail, Segami Medics Co,
Yutaka Pharmacy, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Pigeon Co, Uny Charm, Procter & Gamble Japan, Omron Health
Care, other
Payment record: Regular
Location: Business area in
Bank References:
MUFG
(Kawaramachi)
Mizuho
Bank (
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/10/2011 |
31/10/2010 |
31/10/2009 |
31/10/2008 |
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Annual
Sales |
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88,000 |
68,591 |
72,094 |
66,219 |
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Recur.
Profit |
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Net
Profit |
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300 |
40 |
185 |
429 |
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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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3,864 |
3,679 |
3,250 |
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Capital,
Paid-Up |
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270 |
270 |
270 |
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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 |
28.30 |
-4.86 |
8.87 |
3.37 |
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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 |
0.06 |
0.26 |
0.65 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/10/2011 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.