MIRA INFORM REPORT
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Report Date : |
11.07.2011 |
IDENTIFICATION DETAILS
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Name : |
TI TRADING CO LTD |
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Registered Office : |
Fuji Kasai
Kawaguchi Bldg 5F, 3-3-9 Nishiaoki Kawaguchi Saitama-Pref 332-0035 |
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Country : |
Japan |
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Financials (as on) : |
30.09.2010 |
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Date of Incorporation : |
October
1997 |
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Com. Reg. No.: |
(Saitama-Kawaguchi)
011934 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import,
wholesale of livestock
products, wines |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
Yen
3.2 Million |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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
TI TRADING CO LTD
REGD NAME
KK T I Trading
MAIN OFFICE
Fuji Kasai Kawaguchi
Bldg 5F, 3-3-9 Nishiaoki Kawaguchi Saitama-Pref 332-0035 JAPAN
Tel:
048-251-5411 Fax: 048-251-5412
E-Mail address: info@ti-trd.com
ACTIVITIES
Import,
wholesale of livestock products, wines
BRANCHES
Nil
FACTORIES
Iwatsuki
(Saitama) (Warehouse)
OFFICERS
TAKAYASU
ICHIOKA, Press
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES WEAK A/SALES Yen 262 M
PAYMENTS Unknown CAPITAL Yen 13 M
TREND SLOW WORTH Yen
(-) 2 M
STARTED 1997 EMPLOYES 11
COMMENT
TRADING
FIRM SPECIALIZING IN LIVESTOCK PRODUCTS & WINES.
FINANCIAL
SITUATION CONSIDERED WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 3.2 MILLION, 30 DAYS, RECOMMENDING SECURED TERMS ON NEW
TRANSACTIONS. NEGATIVE NET WORTH.
HIGHLIGHTS
The subject company was established by Takayasu Ichioka when he obtained import agency agreement from Principe di San Daniele SPA, Italy, for importing their livestock products into Japan. This is a trading firm, wholly owned & operated by the Ichioka family, for importing and wholesaling livestock products and wines. Handling items are: ham, bacon, sausages, smoked beef, other. Goods are imported from Italy, Spain, other. Domestic clients include restaurants, hotels, supermarkets, other.
FINANCIAL INFORMATION
Financials are only partially disclosed as is the case with family-based companies.
The sales volume for Sept/2010 fiscal term amounted to Yen 261 million, a similar amount in the previous term. Consumer spending was sluggish. The net profit was posted at Yen 6 million, compared with Yen 7 million a year ago.
For the current term ending Sept 2011 the net profit is projected at Yen 5 million, on a 3% rise in turnover, to Yen 270 million. Consumer spending is being recovered.
The financial situation is considered WEAK but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 3.2 million, on 30 days, recommending secured terms on new transactions. Negative net worth must be heeded.
REGISTRATION
Date Registered: Oct 1997
Regd No.: (Saitama-Kawaguchi) 011934
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
640 shares
Issued:
260 shares
Sum: Yen 13 million
Major shareholders (%): Takayasu Ichioka (50), Yasuko
Ichioka (34), Kipre Holding Spa (11), Hitomi Ichioka (5)
No. of shareholders: 4
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Trading firm for import and wholesale of: livestock products (ham, bacon, sausages, smoked beef, other) & wines (--100%)
Goods are imported from Spain, Italy, other.
Clients: [Restaurants, hotels, supermarkets] Nationwide restaurants (80%), Wise Table Corporation, Tokyo Meiraku Co, Kameya Co, other
No. of accounts: 300
Domestic areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Principe di San Daniele Spa, Dasa Vinicola Zonin Spa, Dalter alimentary Spa, Consorcio de Jabugo Spa, other.
Payment record: Unknown
Location: Business area in Kawaguchi City, Saitama-Pref. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
Sugano
Shinkin Bank (Nakaaoki)
SMBC
(Akabane)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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30/09/2011 |
30/09/2010 |
30/09/2009 |
30/09/2008 |
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Annual
Sales |
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270 |
262 |
262 |
290 |
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Recur.
Profit |
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Net
Profit |
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5 |
6 |
7 |
1 |
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Total
Assets |
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N/A |
136 |
N/A |
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Net
Worth |
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-2 |
-8 |
15 |
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Capital,
Paid-Up |
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13 |
13 |
13 |
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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 |
3.05 |
0.00 |
-9.66 |
3.57 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
-5.88 |
.. |
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N.Profit/Sales |
1.85 |
2.29 |
2.67 |
0.34 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 30/09/2011 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.44.33 |
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UK Pound |
1 |
Rs.70.74 |
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Euro |
1 |
Rs.63.65 |
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.