MIRA
INFORM REPORT
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Report Date : |
11.05.2011 |
IDENTIFICATION DETAILS
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Name : |
ASAMIYA CO LTD |
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Registered Office : |
3-19-71 |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
March, 1972 |
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Com. Reg. No.: |
(Osaka-Settsu) 008940 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufactures Canned/Bottled Teas, Canned Coffee, Mineral
Water, Oolong Teas, Health Foods, Confectionery, Instant Noodle, Soy Sauce. |
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 54.9 Million |
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Status : |
Small company |
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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 |
Company name
ASAMIYA CO LTD
REGD NAME
KK Asamiya
MAIN OFFICE
3-19-71 Torigai-
Tel:
072-663-1126
Fax: 072-654-9051
URL: http//:www.asamiya.co.jp
E-mail: asamiya@asamiya.co.jp
ACTIVITIES
Mfg of
canned teas, canned coffee, mineral water, chocolate, soy sauce
BRANCHES
FACTORIES
(Subsidiaries)
OFFICER(S)
SOJI
TANAKA, PRES
Hatsuko
Kozuma, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 4,642 M
PAYMENTS REGULAR CAPITAL Yen
10 M
TREND STEADY WORTH Yen
1,055 M
STARTED 1972 EMPLOYES 2
COMMENT
MFR OF
CANNED TEA, COFFEE, MINERAL WATER, CONFECTIONERY
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR CREDIT ENGAGEMENTS: US$600,000 / O/A 90 DAYS
MAX
CREDIT LIMIT: YEN 54.9 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Soji Tanaka in order
to make most of his experience in the subject line of business. This is a specialized mfg of mineral water,
canned teas, canned coffee, health foods, other. Mfg is subcontracted to subsidiaries. Owns Asamiya Marketing Co Ltd to do marketing
& distribution. Clients are
specialty stores, wholesalers, other.
FINANCIAL INFORMATION
The sales volume for Mar/2010 fiscal term amounted to Yen
4,642 million, a 17% up from Yen 3,966 million in the previous term. This is thanks to the addition of one mineral
water distributor as a new client. The
firm has grown by acquiring mfrs in each field since 2003, acquiring a total 10
makers since. The recurring profit was
posted at Yen 126 million and the net profit at Yen 69 million, respectively,
compared with Yen 147 million recurring profit and Yen 86 million net profit,
respectively, a year ago. .
For the term that ended Mar 2011 the recurring profit was
projected at Yen 125 million and the net profit at Yen 70 million,
respectively, on a 1.2% rise in turnover, to Yen 4,700 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 54.9 million, on 30 days normal terms. The proposed amount for 90 days terms is
considered well within the firm’s financial capacities.
REGISTRATION
Date Registered: Mar 1972
Regd No.: (Osaka-Settsu) 008940
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
80,000 shares
Issued: 20,000
shares
Sum: Yen
10 million
Major shareholders (%): Soji
Tanaka (95), Toshiko Tanaka (2.5), Hatsuko Kozuma (2.5)
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures canned/bottled teas,
canned coffee, mineral water, oolong teas, health foods, confectionery, instant
noodle, soy sauce, other (--100%)
Clients: [Specialty stores, wholesalers]
Asamiya Chiran Factory, Aomine Beverages, Fresh Oosumi Kagoshima, Iwate Soy
Sauce, Daikokuya, Azuma Chocolates, Miyama Meisui, other
No. of
accounts: 300
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers, farmers] Daiichi
Kinzoku Kogyo, Mie-Pref Federation of Economics, JA Chirancho, Morinaga Milk
Ind, other
Payment record:
Regular
Location:
Business area in
Bank References
MUFG (
SMBC (
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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4,700 |
4,642 |
3,966 |
3,275 |
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Recur.
Profit |
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125 |
126 |
147 |
78 |
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Net
Profit |
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70 |
69 |
86 |
54 |
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Total
Assets |
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6,966 |
6,039 |
6,552 |
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Current
Assets |
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4,282 |
3,330 |
3,859 |
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Current
Liabs |
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2,342 |
2,308 |
1,932 |
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Net
Worth |
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1,055 |
986 |
899 |
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Capital,
Paid-Up |
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10 |
10 |
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 |
1.25 |
17.04 |
21.10 |
19.44 |
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Current Ratio |
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.. |
182.84 |
144.28 |
199.74 |
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N.Worth Ratio |
.. |
15.14 |
16.33 |
13.72 |
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R.Profit/Sales |
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2.66 |
2.71 |
3.71 |
2.38 |
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N.Profit/Sales |
1.49 |
1.49 |
2.17 |
1.65 |
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Return On Equity |
.. |
6.54 |
8.72 |
6.01 |
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Notes:
Forecast (or estimated) figures 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.44.73 |
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|
1 |
Rs.73.21 |
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Euro |
1 |
Rs.63.90 |
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 |
-- |
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.