MIRA INFORM REPORT
|
Report Date : |
27.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
KASEI SHOKUHIN INC |
|
|
|
|
Registered Office : |
Kusumoto No.2 Bldg 10F, 1-2-8 Uchikanda
Chiyodaku Tokyo 101-0047 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
30.09.2010 |
|
|
|
|
Date of Incorporation : |
April 1960 |
|
|
|
|
Com. Reg. No.: |
(Tokyo-Chiyodaku) 013993 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Import, wholesale
of eels, frozen fish & shellfish |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
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 |
Company name
KASEI SHOKUHIN INC
REGD NAME
Kasei Shokuhin KK
MAIN OFFICE
Kusumoto No.2 Bldg
10F, 1-2-8 Uchikanda Chiyodaku Tokyo 101-0047 JAPAN
Tel:
03-5217-1181 Fax: 03-5217-1182
E-Mail address: info@kasei-Inc.com
ACTIVITIES
Import,
wholesale of eels, frozen fish & shellfish
BRANCHES
Nil
FACTORIES
(subcontracted
– China & Taiwan)
OFFICERS
·
Takashi Moriyama, Pres
·
Shiro Shimazaki, Mgn Dir
·
Tetsuo Yoshida, Mgn Dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 8,776 M
PAYMENTS REGULAR CAPITAL Yen 42 M
TREND SLOW WORTH Yen
(-) 151 M
STARTED 1960 EMPLOYES 12
COMMENT
TRADING FIRM SPECIALIZING IN EEL & FISH.
FINANCIAL SITUATION CONSIDERED RATHER WEAK AND DOUBTFUL FOR
CREDIT ENGAGEMENTS: CD$350,000.00.
HIGHLIGHTS
The subject company was established by father of Takashi Moriyama in
order to make most of his experience in the subject line of business. This is a trading firm specializing in import
and wholesale of eels centrally, shellfish, crabs, other frozen fish. Goods are imported from Taiwan & China
centrally, other from Russia, Alaska, other.
Domestic clients include fish markets, chain stores, other.
FINANCIAL INFORMATION
The sales volume for Sept/2010 fiscal term amounted to Yen 8,776
million, a 10% up from Yen 7,983 million in the previous term. This is referred to the import price hike of
eels and other fishes. The operations
continued in the red to register Yen 350 million recurring loss and Yen 372
million net loss, respectively, compared with Yen 100 million recurring loss
and Yen 34 million net losses, respectively, a year ago. High Yen ate into profits in Yen terms.
For the current term ending Sept 2011 the recurring profit is projected
at Yen 100 million and the net profit at Yen 100 million, respectively, on a 3%
rise in turnover, to Yen 9,000 million.
Import prices of eel and other frozen fishes continue rising. High Yen will hurt sales in Yen terms.
The financial situation is considered RATHER WEAK but should be good for
MODERATE business engagements. The
proposed amount, however, is considered TOO HIGH from the recent financial
status.
REGISTRATION
Date Registered: Apr 1960
Regd No.: (Tokyo-Chiyodaku) 013993
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
320,000 shares
Issued: 84,000 shares
Sum: Yen 42 million
Major shareholders (%): Takashi Moriyama (35)
No. of shareholders: 22
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and
wholesales eels, crabs, shellfish, other frozen fish (--100%)
Clients: [Mfrs,
wholesalers, chain stores] Ito-Yokado, Aeon Corp, Kyokuyo Ltd, Mitsubishi Food Group,
Mikawa Tansuigyo Group, Chuo Gyorui, Mar Co Ltd, Nihon Axis Co, other
No. of accounts: 300
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers: [Mfrs,
wholesalers] Imports from China, Taiwan, Russia, Alaska, other.
Domestically supplied from: Yutaka Foods,
Mitsubishi Foods Group, other.
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Resona
Bank (Tokyo-Chuo)
Mizuho
Bank (Tokyo-Chuo)
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
30/09/2011 |
30/09/2010 |
30/09/2009 |
30/09/2008 |
|
|
Annual
Sales |
|
9,000 |
8,776 |
7,983 |
9,413 |
|
Recur.
Profit |
|
100 |
-350 |
-100 |
|
|
Net
Profit |
|
100 |
-372 |
-34 |
-557 |
|
Total
Assets |
|
|
3,436 |
3,390 |
3,605 |
|
Current
Assets |
|
|
3,009 |
2,874 |
|
|
Current
Liabs |
|
|
3,552 |
2,529 |
|
|
Net
Worth |
|
|
-151 |
151 |
272 |
|
Capital,
Paid-Up |
|
|
42 |
42 |
42 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.55 |
9.93 |
-15.19 |
-22.37 |
|
|
Current Ratio |
|
.. |
84.71 |
113.64 |
.. |
|
N.Worth Ratio |
.. |
-4.39 |
4.45 |
7.55 |
|
|
R.Profit/Sales |
|
1.11 |
-3.99 |
-1.25 |
.. |
|
N.Profit/Sales |
1.11 |
-4.24 |
-0.43 |
-5.92 |
|
|
Return On Equity |
.. |
.. |
-22.52 |
-204.78 |
|
Notes:
Forecast (or estimated) figures for the 30/09/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.29 |
|
UK Pound |
1 |
Rs.72.37 |
|
Euro |
1 |
Rs.64.17 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.