MIRA INFORM REPORT

 

 

Report Date :           

02.06.2011

 

IDENTIFICATION DETAILS

 

Name :

SOKEN BEVERAGE CO LTD

 

 

Registered Office :

2810-3 Takemori Enzan Koshu Yamanashi-Pref

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

October 1998

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Mfg, processing of mineral water

 

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 14.1 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

 

Company name

 Bottom of Form

 

SOKEN BEVERAGE CO LTD

 

 

REGD NAME

 

KK Soken Beverage

 

 

MAIN OFFICE

 

2810-3 Takemori Enzan Koshu Yamanashi-Pref JAPAN

Tel: -553-32-4320     Fax: 0553-32-3600

                                               

URL:                             http://www.lococom.jp

E-Mail address:                        (thru the URL)

 

 

ACTIVITIES

 

Mfg, processing of mineral water

 

 

BRANCHES   

 

Enzan (Yamanashi)

 

 

OVERSEAS

 

Taipei

 

 

FACTORIES  

 

At the caption address

 

 

OFFICERS

 

KENICHIRO SOH, PRES

Shigeo Odawara, s/mgn dir

Michiko Soh, dir            

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    FAIR                             A/SALES          Yen 790 M

PAYMENTS      REGULAR                     CAPITAL           Yen 10 M

TREND             SLOW                          WORTH            Yen 32 M

STARTED                     1998                             EMPLOYES      11

 

 

COMMENT

 

MFR OF MINERAL WATER.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR CREEDIT ENGAGEMENTS: US%500,000 / O/A 90 DAYS

 

MAX CREDIT LIMIT: YEN 14.1 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Ken’ichiro Soh in order to make most of his experience in the subject line of business.  This is a specialized mfr & processor of mineral water.  Completed Takemori Factory in 2007 and enlarged production capacity at the above Factory in 2010.

 

 

FINANCIAL INFORMATION

 

Financials are only partially disclosed.

           

The sales volume for Mar/2010 fiscal term amounted to Yen 790 million, a similar amount in the previous term.  The net profit was posted at Yen 1 million, similarly in the previous term.

 

For the term that ended Mar 2011 the net profit was projected at Yen 2 million, on a 1% rise in turnover, to Yen 800 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 14.1 million, on 30 days normal terms.  The proposed amount for 90 days terms is considered within the firm’s financial capacities.

 

 

REGISTRATION

 

Date Registered:  Oct 1998

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800 shares

Issued:             200 shares

Sum:                   Yen 10 million

Major shareholders (%): Ken’ichiro Soh (100)

 

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

 

 

OPERATION

           

Activities: Manufactures mineral water (--100%)

 

Clients: [Mfrs, wholesalers] Shiraneya Co, Sojitz Food, Hanamasa, Sun Dream, Sunny Foods, Satsuen Foods, other

            No. of accounts: 300

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Kisco, Kobayashi Glass, Ryosei Resin, other

 

Payment record: Regular

 

Location: Business area in Koshu, Yamanashi-Pref.  Office premises at the caption address are owned and maintained satisfactorily.

 

 

Bank References:

SMBC (Hibiya)

Kofu Shinkin Bank (Enzan)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/03/2011

31/03/2010

31/03/2009

31/03/2008

Annual Sales

　

800

790

780

720

Recur. Profit

　

　

　

　

　

Net Profit

　

2

1

1

5

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

35

34

33

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

1.27

1.28

8.33

5.57

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

0.25

0.13

0.13

0.69

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/03/2011 fiscal term.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.89

UK Pound

1

Rs.73.85

Euro

1

Rs.64.76

 

 

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%)

 

 

 

 

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