MIRA INFORM REPORT
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Report Date : |
27.05.2011 |
IDENTIFICATION DETAILS
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Name : |
DOHSUI CO LTD
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Registered Office : |
27-5 Toyokawacho Hakodate Hokkaido
040-0065 |
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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.: |
(Hokkaido-Hakodate) 001347 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of fish, marine products; cold storage operation; tuna farming; tuna set-net fishing |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 67.1 Million |
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Status : |
Satisfactory |
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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
DOHSUI CO LTD
REGD NAME
KK Dohsui
MAIN OFFICE
27-5 Toyokawacho
Hakodate Hokkaido 040-0065 JAPAN
Tel:
0138-22-7136 Fax: 0138-22-3777
E-mail: dohsui@dohsui.co.jp
ACTIVITIES
Import,
wholesale of fish, marine products; cold storage operation; tuna farming; tuna
set-net fishing
BRANCHES
Tokyo,
Sapporo, Niigata, Nagoya
OVERSEAS
Pusan,
Dalian, Seattle (USA)
FACTORIES
At the
caption address
OFFICER(S)
Yozo
Takano, ch MOTOHIRO
TAKANO, PRES
Minoru
Karino, s/mgn dir Tokusai Ryo,
mgn dir
Takayasu
Saito, dir
Yen
Amount: In million Yen, unless otherwise
stated
SUMMARY
FINANCES 1947 EMPLOYES 55
COMMENT
MFG, IMPORT, WHOLESALE OF FISH, FISH PRODUCTS, TUNA FISHING FARMS, NET SET FISHING
OPERATIONS
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT ENGAGEMENTS: CD$732,563.00
MAX CREDIT LIMIT: YEN 67.1 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Yozo Takano in order to make most of his experience in the subject line of business, as Hokkaido Suisan Seizo Co Ltd. Motohiro is his son. This is a trading firm, with mfg division, for import and wholesale of fish, marine products, other. Also engaged in tuna farming in Malta & Mexico, set-net fishing of tuna in Morocco; frozen & cold storage operations. In Nov 1994, participated in the set-net fishing operations in Morocco together with a subsidiary, Takano Trading Co Ltd. In May 1993 renamed as captioned.
FINANCIAL INFORMATION
The sales volume for Mar/2010 fiscal term amounted to Yen 10,805
million, a 2% up from Yen 10,636 million in the previous term. Prices of tune fish hiked due to the
restricted catch affected by species preservation movement. The recurring profit was posted at Yen 62 million
and the net profit at Yen 42 million, respectively, compared with Yen 108
million recurring profit and Yen 58 million net profit, respectively, a year
ago.
For the term that ended Mar 2011 the recurring profit was projected at
Yen 60 million and the net profit at Yen 40 million, respectively, on a 2% rise
in turnover, to Yen 11,000 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 67.1 million, on 30 days normal terms. The proposed amount is considered within the
firm’ financial capacities.
REGISTRATION
Date Registered: Sept 1947
Regd No.: (Hokkaido-Hakodate) 001347
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 200,000
shares
Issued: 100,000
shares
Sum: Yen 50 million
Major shareholders (%):
Motohiro Takano (21), Takano Trading (8), Yozo Takano (4)
No. of shareholders: 184
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures,
imports and wholesales: frozen fish, marine products, cold storage operations,
tuna farming, tuna set-net fishing operations, other (--100%).
(Tuna farming): operates in Malta & Mexico
(Tuna set-net fishing operations): engaged in Morocco, which started in
Nov 1994
(Fish & products handled): tuna, mackerel, salmon, trout,
cuttlefish, shrimp, prawn, anchovies, salmon roe, herring roe, herring, other.
Clients: [Mfrs,
wholesalers] Kanetomo Co, Seiho Shoji, The Union, Daiei Sangyo, Mitsubishi
Corp, Sapporo Chuo Suisan, Itochu Fresh, Ishio Suisan, Tokan Boeki, Shiogama
Suisan Shokuhin, Sanyu Suisan, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers [Mfrs, wholesalers]
Seiho Shoji, Takano Trading, The Union, Nichimo Co, Toyo Reizo, Hakodate Uoichiba,
Matatsu Suisan, Yamahon Sato Shoten, other.
Payment record: Regular
Location: Business area in
Hakodate. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
Shoko
Chukin Bank (Hakodate)
Mizuho
Bank (Hakodate)
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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11,000 |
10,805 |
10,636 |
12,214 |
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Recur.
Profit |
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60 |
62 |
108 |
144 |
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Net
Profit |
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40 |
42 |
58 |
74 |
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Total
Assets |
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13,981 |
10,337 |
13,693 |
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Current
Assets |
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10,317 |
10,337 |
9,948 |
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Current
Liabs |
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7,971 |
7,929 |
7,547 |
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Net
Worth |
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1,132 |
1,093 |
1,037 |
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Capital,
Paid-Up |
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50 |
50 |
50 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
1.80 |
1.59 |
-12.92 |
-9.75 |
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Current Ratio |
|
.. |
129.43 |
130.37 |
131.81 |
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N.Worth Ratio |
.. |
8.10 |
10.57 |
7.57 |
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R.Profit/Sales |
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0.55 |
0.57 |
1.02 |
1.18 |
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N.Profit/Sales |
0.36 |
0.39 |
0.55 |
0.61 |
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Return On Equity |
.. |
3.71 |
5.31 |
7.14 |
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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.45.29 |
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UK Pound |
1 |
Rs.73.84 |
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Euro |
1 |
Rs.64.18 |
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.