MIRA INFORM REPORT
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Report Date : |
18.06.2011 |
IDENTIFICATION DETAILS
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Name : |
SAMIOH FOODS CO LTD |
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Registered Office : |
Kokuryu Shibakoen 2F, 2-6-15 Shibakoen
Minatoku Tokyo 105-0011 |
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Country : |
Japan |
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Financials (as on) : |
30.09.2010 |
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Date of Incorporation : |
February 1983 |
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Com. Reg. No.: |
(Tokyo-Minatoku) 011230 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale
of broiler, port |
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 448.9 Million |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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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
|
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
SAMIOH FOODS CO LTD
REGD NAME
Samioh Shokuhin KK
MAIN OFFICE
Kokuryu Shibakoen 2F,
2-6-15 Shibakoen Minatoku Tokyo 105-0011 JAPAN
Tel:
03-3432-3301 Fax: 03-3432-3321
E-Mail address: info@samioh.co.jp
ACTIVITIES
Import,
wholesale of broiler, port
BRANCHES
Osaka,
Fukuoka
OVERSEAS
Beijing,
Bangkok, San Paolo
OFFICERS
ISAO MINAMI, PRES Mataji
Ohashi, adv
Norio Saitoh, dir Tetsuya
Ueda, dir
Koji Nishizawa, dir
Yen
Amount: In million Yen, unless otherwise
stated
SUMMARY
FINANCES FAIR A/SALES Yen 27,683 M
PAYMENTS REGULAR CAPITAL Yen 96 M
TREND SLOW WORTH Yen
3,190 M
STARTED 1983 EMPLOYES 51
COMMENT
TRADING FIRM SPECIALIZING IN BROILER & PORK.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 448.9 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Mataji Ohashi 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 broiler, pork, processed foods, other. Imports from meat packers in China, Thailand,
Brazil, other. Local clients include
restaurants, meat packers, food processors, other.
FINANCIAL INFORMATION
The sales volume for Sept/2010 fiscal term amounted to Yen 27,683
million, a 16% down from Yen 32,943 million in the previous term. This is referred to the lower unit prices of
the meat. Consumer spending was
sluggish. The recurring profit was posted
at Yen 268 million and the net profit at Yen 157 million, compared with Yen 39
million recurring profit and Yen 50 million net profit, respectively, a year
ago.
For the current term ending Sept 2011 the recurring profit is projected
at Yen 270 million and the net profit at Yen 160 million, respectively, on a 1%
rise in turnover, to Yen 28,000 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 448.9 million, on 30 days normal terms.
REGISTRATION
Date Registered: Feb 1983
Regd No.: (Tokyo-Minatoku) 011230
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
7,680 shares
Issued: 1,920 shares
Sum: Yen 96 million
Major shareholders
(%): Mataji Ohashi (23.9), Isao Minami (12.3), Hirohisa Shirai (1), Yutaka
Akiyoshi (1),
Sumikin Bussan (1)
No. of shareholders: 22
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales
broiler (90%), pork, processed foods (--10%).
Clients: [Restaurants,
food processors] Skylark Restaurant, Joyfull Co, Ryoshoku Ltd, Hannan Corp,
other
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers: [Meat packers, wholesalers]
Brasil Foods SA, Marfrig SA, Diplomata SA, Sumikin Bussan, other.
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Mizuho
Bank (Shinagawa)
MUFG
(Azabu)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
30/09/2011 |
30/09/2010 |
30/09/2009 |
30/09/2008 |
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Annual
Sales |
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28,000 |
27,683 |
32,943 |
36,875 |
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Recur.
Profit |
|
270 |
268 |
39 |
1,113 |
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Net
Profit |
|
160 |
157 |
50 |
545 |
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Total
Assets |
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15,202 |
15,041 |
17,716 |
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Current
Assets |
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13,944 |
13,748 |
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Current
Liabs |
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11,757 |
11,670 |
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Net
Worth |
|
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3,190 |
3,033 |
2,992 |
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Capital,
Paid-Up |
|
|
96 |
96 |
96 |
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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 |
1.15 |
-15.97 |
-10.66 |
61.33 |
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Current Ratio |
|
.. |
118.60 |
117.81 |
.. |
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N.Worth Ratio |
.. |
20.98 |
20.16 |
16.89 |
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R.Profit/Sales |
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0.96 |
0.97 |
0.12 |
3.02 |
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N.Profit/Sales |
0.57 |
0.57 |
0.15 |
1.48 |
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Return On Equity |
.. |
4.92 |
1.65 |
18.22 |
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Notes:
Forecast (or estimated) figures for the 30/09/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.93 |
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UK Pound |
1 |
Rs.72.43 |
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Euro |
1 |
Rs.63.62 |
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.