MIRA INFORM REPORT
|
Report Date : |
10.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
MARINE SEAFOODS CO LTD |
|
|
|
|
Registered Office : |
Well-2 Bldg 5F, 3-12-3 Tsukiji Chuoku
Tokyo104-0045 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
May 1994 |
|
|
|
|
Com. Reg. No.: |
(Tokyo-Chuoku) 057843 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Import, wholesale of salmon,
trout, octopus, squid, other fishes |
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 21.0 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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name
MARINE SEAFOODS CO LTD
REGD NAME
Marine Seafoods KK
MAIN OFFICE
Well-2 Bldg 5F,
3-12-3 Tsukiji Chuoku Tokyo104-0045 JAPAN
Tel:
03-3541-1181 Fax: 03-3541-1885
*.. Moved to the
caption address from the one as given
URL: http://www.marin-sf.co.jp/
E-Mail address: info@marin-sf.co.jp
ACTIVITIES
Import, wholesale
of salmon, trout, octopus, squid, other fishes
BRANCHES
OFFICER(S)
KOZO ENOMOTO, PRES
Takao Munehara, s/mgn dir
Mieko Enomoto, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 3,856 M
PAYMENTS REGULAR CAPITAL Yen 15 M
TREND STEADY WORTH Yen
86 M
STARTED 1994 EMPLOYES 6
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN FISHES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
YEN 21.0 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established Kozo Enomoto in order to
make most of his experience in the subject line of business. This is a trading house, owned by the Enomoto
family, for import and wholesale of trout (Norwegian & Chilean), salmon,
octopus, salmon roes, and other fishes.
Handles also processed & semi-processed sea foods, such as scallop
meat, crab inner pastes, slightly grilled octopus, etc. Products are shipped to domestic fishery markets, fishery
dealers, other, nationwide.
FINANCIAL INFORMATION
The sales volume for Dec/2009 fiscal term amounted to Yen 3,856 million, a 1% up from Yen 3,824 million in the previous term. The hike in fish prices lifted the sales amount. The recurring profit was posted at Yen 10 million and the net profit at Yen 6 million, respectively, compared with Yen 17 million recurring profit and Yen 10 million net profit, respectively, a year ago.
For the term ended Dec 2010 the recurring profit was projected at Yen 10 million and the net profit at Yen 5 million, respectively, on a 1% rise in turnover, to Yen 3,900 million. Final results are yet to be released.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 21.0 million, on 30 days normal terms.
REGISTRATION
Date Registered: May
1994
Regd No.:
(Tokyo-Chuoku) 057843
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued:
300 shares
Sum: Yen 15 million
Major
shareholders (%): Kozo Enomoto (60), Treasury Stock (33), Takao Munehara (7)
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales salmon, trout, octopus, squids, salmon roe, semi-grilled octopus, crab inner paste, scallop meat, other fishes & fishery products (--100%).
Products are imported from
Clients: [Fishery firms, fishery markets, chain stores] Kyokuyo Co, Nichirei Fresh, Chuo Gyorui, Daito Gyorui, Mitsubishi Corp, Aeon group chain stores, Mitsubishi Corp, Hanwa Corp, Sapporo Chuo Suisan, other.
No. of accounts: 500
Domestic areas of activities: Centered in greater-Tokyo
Suppliers:
[Fisheries, food processors] Imports directly from
Domestically supplied from Mitsui & Co, Tomen Corp, Kyokuyo Co, Hokkaido Fishery Coop Associations, Icicle Seafoods (Japan), Stolt Farm, Salmons Pacifico, Tokyo Seafoods, Marine Harvest, Marine Farm, other.
Payment record: Regular
Location: Business area in
Bank References:
MUFG (Tsukiji)
SMBC (
Relations: Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
31/12/2007 |
|
|
Annual
Sales |
|
3,900 |
3,856 |
3,824 |
3,601 |
|
Recur.
Profit |
|
10 |
10 |
17 |
|
|
Net
Profit |
|
5 |
6 |
10 |
7 |
|
Total
Assets |
|
|
1,278 |
1,072 |
1,259 |
|
Current
Assets |
|
|
1,249 |
1,041 |
|
|
Current
Liabs |
|
|
1,065 |
924 |
|
|
Net Worth |
|
|
86 |
81 |
70 |
|
Capital,
Paid-Up |
|
|
15 |
15 |
15 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
1.14 |
0.84 |
6.19 |
53.23 |
|
|
Current Ratio |
|
.. |
117.28 |
112.66 |
.. |
|
N.Worth Ratio |
.. |
6.73 |
7.56 |
5.56 |
|
|
R.Profit/Sales |
|
0.26 |
0.26 |
0.44 |
.. |
|
N.Profit/Sales |
0.13 |
0.16 |
0.26 |
0.19 |
|
|
Return On Equity |
.. |
6.98 |
12.35 |
10.00 |
|
Notes: Forecast
(or estimated) figures for the 31/12/2010 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.02 |
|
|
1 |
Rs.72.70 |
|
Euro |
1 |
Rs.62.54 |
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 |
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.