MIRA
INFORM REPORT
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Report Date : |
06.05.2011 |
IDENTIFICATION DETAILS
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Name : |
INTER FRESH CO LTD |
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Registered Office : |
3-3 Higashishinmachi Ikoma |
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Country : |
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Financials (as on) : |
30.09.2010 |
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Date of Incorporation : |
May 1997 |
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Com. Reg. No.: |
(Nara-Ikoma) 005312 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of foodstuffs, confectionery |
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 35.2 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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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 |
Name and address
INTER FRESH CO LTD
REGD NAME: KK
Inter Fresh
MAIN OFFICE: 3-3 Higashishinmachi
Ikoma Nara-Pref 630-0258
Tel: 0743-71-8811 Fax: 0743-71-8820
URL: http://www.interfresh.co.jp/
E-Mail address: k-inter@interfresh.co.jp
ACTIVITIES
Import, wholesale of
foodstuffs, confectionery
BRANCHES
OVERSEAS
DISTRIBUTION CENTERS
OFFICER(S)
TOSHIYUKI
HIGASHIBATA, PRES
Takeshi Ogata, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,435 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen
164 M
STARTED 1997 EMPLOYES 15
COMMENT
IMPORTER AND
WHOLESALER SPECIALIZING IN FOODS & CONFECTIONERY.
FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT ENGAGEMENTS: EUROS 300,000.00.
MAX CREDIT LIMIT:
YEN 35.2 MILLION, NORMAL TERMS
HIGHLIGHTS
The subject
company was established by Toshiyuki Higashibata in order to make most of his
experience in the subject line of business.
This is a trading firm, owned and operated by the Higashibata family,
specializing in import and wholesale of foodstuffs & confectionery from 17
countries world over. Imports from:
FINANCIAL INFORMATION:
Financials are
only partially disclosed as from the Sept/2009 fiscal term.
The sales volume for Sept/2010 fiscal term amounted to Yen 1,435
million, a 2% down from Yen 1,459 million in the previous term. This is mainly due to the high Yen reducing
revenues & profits in Yen terms. The
net profit was posted at Yen 13 million, compared with Yen 48 million a year
ago.
For the current
term ending Sept 2011 the net profit is projected at Yen 15 million, on a 5%
rise in turnover, to Yen 1,500 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 35.2 million. The
proposed amount is considered within the firm’s financial capacities.
REGISTRATION
Date Registered:
May 1997
Regd No.:
(Nara-Ikoma) 005312
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued:
200 shares
Sum: Yen 10 million
Major
shareholders (%): Toshiyuki Higashibata (70), Kazuko Higashibata (10), Yusuke Higashibata
(10), Tsuguo Higashibata (10)
No. of shareholders: 4
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and
wholesales confectionery & foodstuffs from: Denmark (cookies, chocolates, oats & chocolate chips); Italy (spaghetti, pasta, olive pomace
oil, virgin oil, canned whole & chopped tomatoes); Turkey (tomato ketchup); Tunisia
(olive oil, canned sardine in olive & vegetable oils); Egypt (corn flakes, sugar cane); Argentine (sunflower oil); Sri
Lanka (Ceylon teas & other teas in teabags & tins); Thailand (chili sauce, oyster sauce,
Tom Yum sauce, canned cream corn, coconut milk, tropical fruit cocktail); Vietnam (rice paper); Indonesia (canned crabmeat); Australia (low-alcohol beer); USA (instant mashed potato),
other.
Exports Japanese seaweeds, food supplement,
dietary foods, and other foodstuffs, too.
(Import 80%, export 20% -- all about).
Clients: [Food processors,
chain stores, 100 Yen shops] Kobe Bussan (40%), Seri Co, Tokyu Hands, Watts Co,
Can Do Co, Don Quijote Co, Daikokuten Bussan Co, other.
No. of accounts:
800
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Imports from
For exports, supplied from Kanetomi Trading,
Meidi-Ya, Makoto Shokai, other.
Payment record: Regular
Location: Business area in
Bank References:
Resona Bank (Namba)
Mizuho Bank
(Ikoma)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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30/09/2011 |
30/09/2010 |
30/09/2009 |
30/09/2008 |
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Annual
Sales |
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1,500 |
1,435 |
1,459 |
1,387 |
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Recur.
Profit |
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Net
Profit |
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15 |
13 |
48 |
15 |
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Total
Assets |
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N/A |
N/A |
549 |
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Net
Worth |
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164 |
155 |
122 |
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Capital,
Paid-Up |
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19 |
19 |
10 |
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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 |
4.53 |
-1.64 |
5.19 |
12.86 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
22.22 |
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N.Profit/Sales |
1.00 |
0.91 |
3.29 |
1.08 |
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Notes: Financials are
only partially disclosed as from the 30/09/2009 fiscal term.
Forecast (or
estimated) figures for the 30/09/2011 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.44.57 |
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1 |
Rs.73.58 |
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Euro |
1 |
Rs.66.23 |
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.