MIRA INFORM REPORT

 

 

Report Date :           

21.07.2011

 

IDENTIFICATION DETAILS

 

Name :

SUZUSHO LTD

 

 

Registered Office :

23 Arakicho Shinjukuku Tokyo 160-0007

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

April 1954

 

 

Com. Reg. No.:

(Tokyo-Shinjukuku) 010522

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of confectionery, beverages, dairy products, other

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

Yen 129.0 Million

 

 

Status :

Small Company 

 

 

Payment Behaviour :

Regular

 

 

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

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Japan

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

Company name

 

SUZUSHO LTD

 

 

REGD NAME 

 

KK Suzusho

 

 

MAIN OFFICE

 

23 Arakicho Shinjukuku Tokyo 160-0007 JAPAN

 

Tel: 03-3225-1161     Fax: 03-3225-1160

                       

URL:                 http://www.suzusho.co.jp

 

E-Mail address: I.Suzuki@suzusho.co.jp

 

 

ACTIVITIES

 

Import, wholesale of confectionery, beverages, dairy products, other

 

 

BRANCHES

 

Tokyo (2)

 

 

FACTORIES) 

 

Kawasaki (warehouse)

 

 

OFFICERS

 

Koushi Suzuki, ch                                  ISSEI SUZUKI, PRES

Hajime Matsui, s/mgn dir                        Masaaki Isezaki, mgn dir

Mitsuhiro Hasegawa, dir                         Hidemi Sakurai, dir

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    FAIR                             A/SALES          Yen 5,518 M

PAYMENTS      REGULAR                     CAPITAL           Yen 72 M

TREND             SLOW                          WORTH            Yen 2,136 M

STARTED                     1954                             EMPLOYES      60

 

 

COMMENT    

 

IMPORTER AND WHOLESALER SPECIALIZING IN CONFECTIONERY & OTHER FOODSTUFFS.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 129.0 MILLION, 30 DAYS NORMAL TERMS.  .

 

 

HIGHLIGHTS

           

This is an old-established trading firm dating back to 1919 when Shiro Suzuki started producing syrup & cold beverages, on his account.  In this year, started importing various essences and flavorings from Bayern (Germany) and John Elmer (UK).  Incorporated in 1954,      the firm has been succeeded by his descendants.  Shirou is the founder’s son and Issei his             grandson, who took the pres office in Mar 1992.  Specializes in import and wholesale of con-           fectionery in the main, dairy products (raw materials), prepared foods, other foodstuffs.  Goods         are imported widely from USA, Canada, UK, France, Italy, Spain, Germany, Switz, Netherlands, Portugal, Rumania, other.  Clients are major foodstuff traders nationwide.

 

 

FINANCIAL INFORMATION

           

The sales volume for Mar/2011 fiscal term amounted to Yen 5,518 million, a 2% down from Yen 5,655 million in the previous term.  High Yen reduced import revenues in Yen terms.  The recurring profit was posted at Yen 86 million and the net profit at Yen 26 million, respectively, compared with Yen 384 million recurring profit and Yen 72 million net profit, respectively, a year ago.

 

For the current term ending Mar 2012 the recurring profit is projected at Yen 90 million and the net profit at Yen 30 million, respectively, on a 3% rise in turnover, to Yen 5,700 million. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 129.0 million, on 30 days normal terms. 

 

 

REGISTRATION

 

Date Registered:  Apr 1954

Regd No.:         (Tokyo-Shinjukuku) 010522

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         576,000 shares

Issued:                144,000 shares

Sum:                   Yen 72 million

 

Major shareholders (%): Koushi Suzuki (35), Issei Suzuki (30), Employees’ S/Holding Assn (8), Seishi Suzuki (7)

 

No. of shareholders: 21

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

 

Activities: A trading house for import, export, wholesale and warehousing of confection-      ery & foodstuffs

(--100%)

 

(Handling items): Bakery & snack foods, beverages & alcohols, canned/bottled pre-served foods, cereals, chocolates & confectioneries, cheese & dairy products (raw materials), frozen & fresh produces, prepared foods & specialties, processed meat products, cosmetics, others.

 

(Business Partners): Aarhus Karlshamn, Adolf Darbo AG, Agrcapers SA, Agros Nova Co Ltd, Bio Famlia AG, Biscuits Leclerc Ltd, Bomholms Konsevesfablik A/S, Bruce Foods Corp, Citadelle Mayple Syrup Producers cooperatives, Con Agra Foods Inc, Ermes Fontana spa, Fini, Gardener Resources Inc, General Mills Inc, Hero, HUG AG, Kraft Foods, Linesy Foods Ltd, Nestle Japan, P J Rhodes Corp, Progust SI, Quality Ceylon (Pvt) Ltd, Seeberger KG, Spa Egidio Galbanl, Tengu Co Inc, The Hershey Company, Tree Top Inc, The Maldon Crystal Salt Co Ltd, Tootsie Roll World Wide Ltd, Weetabix Ltd, other.

 

Clients: [Food processors, food dealers] Kokubu & Co, Nichirei Corp, Italian Foods, Sanyu Shokuhin, Being Co, Jokki Co, Imado Corp, Takanashi Milk Products, Muroi Trading, Meidi-Ya Trading, Wataru & Co, other.  

            No. of accounts: 500

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Imports from Citadell Maple Syrup, Royal Buisman, PJ Rhodes Corp, General Mills, Zingg & Co, Hero Switzerland, Ermes Fontana, Agros Nova Co, Bio Famila AG, Bornholms Konsevesfabrik A/S, Joe Int’l, Tengu & Co, Bluebird  Confectionery, Fiorentini Alimentari Spa, General Mills, Con Agra Foods Inc, other.  Domestically, supplied from Hero Japan, Oritz Japan, other.

 

Payment record: Regular

 

Location: Business area in Tokyo.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:

Mizuho Bank (Yotsuya)

MUFG (Yotsuya)

Relations: Satisfactory.

 

 

FINANCES

(In Million Yen)

 

       Terms Ending:

31/03/2012

31/03/2011

31/03/2010

31/03/2009

Annual Sales

　

5,700

5,518

5,655

6,467

Recur. Profit

　

90

86

384

　

Net Profit

　

30

26

72

103

Total Assets

　

　

5,980

5,731

6,303

Current Assets

　

　

3,664

3,460

　

Current Liabs

　

　

944

1,035

　

Net Worth

　

　

2,136

2,132

2,080

Capital, Paid-Up

　

　

72

72

72

Div.P.Share(¥)

　

　

150.00

150.00

175.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.30

-2.42

-12.56

-5.80

    Current Ratio

 

..

388.14

334.30

..

    N.Worth Ratio

..

35.72

37.20

33.00

    R.Profit/Sales

 

1.58

1.56

6.79

..

    N.Profit/Sales

0.53

0.47

1.27

1.59

    Return On Equity

..

1.22

3.38

4.95

Note: Forecast (or estimated) for the 31/03/2012 fiscal term.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.46

UK Pound

1

Rs.71.67

Euro

1

Rs.62.94

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.