MIRA INFORM REPORT
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Report Date : |
20.05.2011 |
IDENTIFICATION DETAILS
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Name : |
NISHIMOTO TRADING CO LTD |
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Registered Office : |
Hamamatsucho Square Bldg, 1-30-5 Hamamatsucho Minatoku Tokyo 106-0013 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
September 1947 |
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Com. Reg. No.: |
(Kobe-Chuoku) 033435 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, Export, Wholesale of foodstuffs |
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 712.4 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
|
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
NISHIMOTO TRADING CO LTD
REGD NAME
Nishimoto Boeki KK
MAIN OFFICE
Hamamatsucho Square Bldg, 1-30-5 Hamamatsucho Minatoku Tokyo 106-0013
JAPAN
Tel:
03-3438-5651 Fax: 03-3438-5675
* Registered at: 4-1-38 Isobedori Hyogoku Kobe
E-Mail address: ntcinfo@ntcltd.com
ACTIVITIES
Import,
export, wholesale of foodstuffs
BRANCHES
Kobe
OVERSEAS
USA
(14), Canada (3), Shanghai
FACTORIES
(subcontracted)
OFFICER(S)
YOSHIO
SUZAKI, PRES Satoshi
Omori, mgn dir
Atsuhiko
Kimura, dir Shigenobu
Tajima, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen
23,016 M
PAYMENTS REGULAR CAPITAL Yen 80 M
TREND SLOW WORTH Yen
5,101 M
STARTED 1947 EMPLOYES 128
COMMENT
TRADING
FIRM SPECIALIZING IN FOODSTUFFS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT
LIMIT: YEN 712.4 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established originally in 1918 by a certain Nishimoto, on his account, for selling foodstuffs. Incorporated in 1947 the firm has been succeeded by the present executives. This is a trading firm specializing in foodstuffs. Imports from Asia, USA, Europe, etc. Exports fish products to over 5,000 sushi bars in USA, Canada, other.
FINANCIAL INFORMATION
The sales volume for Mar/2010 fiscal term amounted to Yen 23,016 million, a 9% down from Yen 25,426 in the previous term, affected by the global economic turmoil. Exports were hurt by the strong Yen, reducing revenues in Yen terms. The recurring profit was posted at Yen 804 million and the net profit at Yen 437 million, respectively, compared with Yen 809 million recurring profit and Yen 331 million net profit, respectively, a year ago. The firm reduced the paid-in capital to Yen 100 million from the previous Yen 405 million.
For the term that ended Mar 2011 the recurring profit was projected at Yen 810 million and the net profit at Yen 450 million, respectively, on a 4% rise in turnover, to Yen 24,000 million. High Yen hurt exports and revenues. 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 712.4 million, on 30 days normal terms.
REGISTRATION
Date Registered: Sept 1947
Regd No.: (Kobe-Chuoku) 033435
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized:
6,400 shares
Issued:
1,600 shares
Sum: Yen 80 million
Major shareholders (%): Tatsumi Sangyo*(71), Yoshio
Susaki (23), Company’s Treasury Stock (6)
* Holding company owned by Susaki
family
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, exports and wholesales foodstuffs (--100%).
(Handling items):
Sake, wine, rice, flour beans, canned foods, boiled foods,
vinegars, oils, miso, seasonings, seaweed, kelp, dried seafoods, fishes,
vegetables (dried, chilled & frozen), seasoned toppings, noodles, sauces,
fruit juices, ice pops, pickled products, tofu (bean curd), fish cakes, wrapper
skins, frozen fish & fish roes, frozen processed foods, sushi materials,
other (--100%).
Exports fish/fishery products to over 5,000 sushi bars in USA, Canada, Europe, Asia, other.
Clients: [Food stores, wholesalers] Nishimoto Trading of America, Tazaki Foods, Tokyo Mart Pty Ltd, Meidi-Ya, Watami Foods, Camel Coffee, Yamazaki Bakery, Maruha Nichiro Foods, Japanese Consumers’ Co-Operative Union, Plaza Style, other.
No. of accounts: 800
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Nissin Foods, Ezaki Glico, Daisui, Katokichi, Ocean Marine Foods, Nippon Suisan, other.
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
SMBC
(Shimbashi)
MUFG (Shimbashi-Ekimae)
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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24,000 |
23,016 |
25,426 |
27,022 |
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Recur.
Profit |
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810 |
804 |
809 |
653 |
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Net
Profit |
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450 |
437 |
331 |
358 |
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Total
Assets |
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10,024 |
10,701 |
11,560 |
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Current
Assets |
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6,553 |
7,407 |
8,454 |
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Current
Liabs |
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(*)5,600 |
4,774 |
5,615 |
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Net
Worth |
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5,101 |
4,662 |
4,342 |
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Capital,
Paid-Up |
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80 |
100 |
405 |
405 |
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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 |
4.28 |
-9.48 |
-5.91 |
12.15 |
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Current Ratio |
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.. |
150.70 |
155.15 |
150.56 |
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N.Worth Ratio |
.. |
50.89 |
43.57 |
37.56 |
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R.Profit/Sales |
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3.38 |
3.49 |
3.18 |
2.42 |
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N.Profit/Sales |
1.88 |
1.90 |
1.30 |
1.32 |
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Return On Equity |
.. |
8.57 |
7.10 |
8.25 |
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Notes:
Forecast (or estimated) figures for the 31/03/2011 fiscal term.
(*)
figures are only estimated as not disclosed.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.98 |
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UK Pound |
1 |
Rs.72.68 |
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Euro |
1 |
Rs.64.16 |
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.