MIRA INFORM REPORT
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Report Date : |
24.06.2011 |
IDENTIFICATION DETAILS
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Name : |
UNIPAC JAPAN CO LTD |
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Registered Office : |
Sundisk Kanda Bldg 9F, 4-9
Kanda-Iwamotocho Chiyodaku Tokyo 101-0033 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
January 2000 |
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Com. Reg. No.: |
(Tokyo-Chiyodaku) 067371 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale
of frozen vegetables, frozen fish products |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Yen 43.0 Million |
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Status : |
Moderate |
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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
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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
UNIPAC JAPAN CO
LTD
REGD NAME
KK Unipac Japan
MAIN OFFICE
Sundisk Kanda Bldg
9F, 4-9 Kanda-Iwamotocho Chiyodaku Tokyo 101-0033
Tel:
03-5209-0831 Fax: 03-5209-0835
URL: http://www.unipackjapan.co.jp
E-Mail address: (thru the URL)
ACTIVITIES
Import,
wholesale of frozen vegetables, frozen fish products
BRANCHES
Nil
OVERSEAS
China
OFFICERS
HIDEKI
OSAWA, PRES
Masanobu Arita, dir
Shigeu Yasumi, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,847 M
PAYMENTS REGULAR CAPITAL Yen 41 M
TREND SLOW WORTH Yen
172 M
STARTED 2000 EMPLOYES 9
COMMENT
TRADING FIRM SPECIALIZING IN FROZEN VEGETABLES & FISH.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 43.0 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company
was established by Hideki Osawa 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 frozen vegetables, frozen
fish products, frozen foods, other (See OPERATION). Goods are imported from China, USA, Ecuador,
Mexico, other. Clients include major food
processors, other.
FINANCIAL INFORMATION
The sales volume for Mar/2011 fiscal term amounted to Yen 1,847 million, a 13% down from Yen 2,134 million in the previous term. The firm selected clients down to long traded firms, says the firm. The net profit was posted at Yen 39 million, compared with Yen 65 million recurring profit and Yen 16 million net profit, respectively, a year ago. Financials are only partially disclosed for the term. Cost cutting efforts contributed to raise profitability.
For the current term
ending Mar 2012 the net profit is projected at Yen 40 million, on a 3% rise in
turnover, to Yen 1,900 million.
The financial
situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 43.0
million, on 30 days normal terms.
REGISTRATION
Date Registered: Jan 2000
Regd No.; (Tokyo-Chiyodaku) 067371
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
3,320 shares
Issued: 830
shares
Sum: Yen 41.5 million
Major shareholders (%): Hideki Osawa (38.5), Ract Japan
(38), Masanobu Arita (11.8)
No. of shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, exports and wholesales frozen vegetables, frozen fish products, frozen foods, other (--100%).
(Handling Products): frozen broccoli, frozen cauliflower, frozen green peas, frozen Kernel corn, frozen soy beans, frozen komatsuna, frozne chingensai, frozen green beans, frozen carrots, frozen leek, frozen asparagus, frozen okura, frozen garlic sprouts, frozen salted peanuts, frozen young corn, frozen processed foods, frozen potato, frozen boiled sliced port, frozen pork soup, frozen mabo sauce, frozen breaded port roll, frozen pot sausage, frozen Chinese dumpling, frozen port bun, frozen salmon, frozen needle fish, other.
Clients: [Food processors, mfrs, wholesalers] Morinaga Milk Ind, Daily Foods, Nosui Co, Kaisen Sushi Shop, Bon Gourmet Corp, other
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Imports from China, USA, Ecuador, Mexico, other
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
Mizuho
Bank (Kanda-Ekimae)
Shoko
Chukin Bank (H/O)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/03/2011 |
31/03/2010 |
31/03/2009 |
31/03/2008 |
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Annual
Sales |
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1,847 |
2,134 |
1,702 |
1,874 |
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Recur.
Profit |
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65 |
23 |
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Net
Profit |
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39 |
16 |
18 |
26 |
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Total
Assets |
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558 |
671 |
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Current
Assets |
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518 |
620 |
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Current
Liabs |
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167 |
337 |
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Net
Worth |
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172 |
156 |
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Capital,
Paid-Up |
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41 |
41 |
42 |
41 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
-13.45 |
25.38 |
-9.18 |
49.44 |
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Current Ratio |
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.. |
310.18 |
183.98 |
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N.Worth Ratio |
.. |
30.82 |
23.25 |
.. |
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R.Profit/Sales |
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.. |
3.05 |
1.35 |
.. |
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N.Profit/Sales |
2.11 |
0.75 |
1.06 |
1.39 |
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Return On Equity |
.. |
9.30 |
11.54 |
.. |
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Notes:
Financials are only partially disclosed for the 31/03/2011 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.44.93 |
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UK Pound |
1 |
Rs.72.09 |
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Euro |
1 |
Rs.64.21 |
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.