MIRA INFORM REPORT

 

 

Report Date :           

02.11.2011

 

IDENTIFICATION DETAILS

 

Name :

KATAOKA & CO LTD

 

 

Registered Office :

6-21-6 Shimbashi Minatoku Tokyo 105-8615

 

 

Country :

Japan

 

 

Financials (as on) :

28.02.2011

 

 

Date of Incorporation :

March 1960

 

 

Com. Reg. No.:

(Tokyo-Minatoku) 006794  

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of teas, coffee, cocoa, fruit juice, soft drinks

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

Yen 605.4 Million

 

 

Status :

Satisfactory

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Japan

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

KATAOKA & CO LTD

 

 

REGD NAME

 

Kataoka Bussan KK

 

 

MAIN OFFICE

 

6-21-6 Shimbashi Minatoku Tokyo 105-8615 JAPAN

Tel: 03-5405-7001      Fax: 03-5405-8616

                                               

URL:                             http://www.kataoka.com

E-Mail address:                        info@kataoka.com

 

 

ACTIVITIES  

 

Import, wholesale of teas, coffee, cocoa, fruit juice, soft drinks

 

 

BRANCHES

 

Osaka, Nagoya, Sapporo, Sendai, Saitama, Hiroshima, Fukuoka, other (tot 8)

 

 

OFFICERS

 

KENJI KATAOKA, PRES                        Takeharu Kataoka, ch

Takashi Nagoya, v pres                          Ysumasa Ueno, dir

Yasuhide Takai, dir                   

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES                    FAIR                             A/SALES          Yen 33,600 M

PAYMENTS                  REGULAR                     CAPITAL           Yen 490 M

TREND             SLOW                          WORTH            Yen 4,690 M

STARTED                     1960                             EMPLOYES      493

 

 

COMMENT

 

TRADING FIRM SPECIALIZING IN TEAS, COFFEE, COCOA, OTHER.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 605.4 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Takeharu Kataoka in order to make most of his experience in the subject line of business.  Kenji is his son.  Business started on obtaining agency agreement from twining UK.  Business since then expanded to include: teas, coffees, cocoa, fruit juice, soft drinks, other.  In 2009, established JV with Twining UK, as Twining Japan Corp; and in 2010 a JV with Daylesford Organic UK, as Daylesford Organic Japan Corp.  Also acts as marketing agent for a Chinese juice maker.  Nation’s top-ranked company in this specific line of business.  Domestic clients include major department stores and chain stores nationwide.

 

 

FINANCIAL INFORMATION

           

Financial are only partially disclosed as is the case with family-based companies.

 

The sales volume for Feb/2011 fiscal term amounted to Yen 33,600 million, a 3% up from Yen 32,700 million in the previous term.  Newly established JV with Daylesford Organic UK contributed.  Also imports of apple-condensed juice from China contributed.  The net profit is estimated posted at Yen 330 million, compared with Yen 320 million net profit a year ago.  The firm does not precisely disclose net profits and they are only estimated.

 

For the current term ending Feb 2012 the net profit is projected at Yen 340 million, on a 3% rise in turnover, to Yen 34,600 million.  Business is seen steadily expanding.  Imports from China will increase. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 605.4 million, on 30 days normal terms.

 

 

 

 

 

REGISTRATION

 

Date Registered:  Mar 1960

Regd No.:         (Tokyo-Minatoku) 006794

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         3 million shares

Issued:                980,000 shares

Sum:                   Yen 490 million

 

Major shareholders (%): Takeharu Kataoka, Kenji Kataoka (--100)

 

No. of shareholders: 2

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

           

Activities: Imports and wholesales teas, coffee, cocoa, chocolates, other (70%), fruit juice, soft drinks, beer, other (--30%).

 

Clients: [Department stores, chain stores] Isetan Mitsukoshi, Takashimaya, Daimaru Matsuzakaya Department Stores, Seibu Department Store, Tokyu Department Store, Odakyu Department Store, Keio Department Store, other

            No. of accounts: 800

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Twining UK, Van Houten, Godiva Chocolatier Inc, Mon Café, Daylesford Organic, Penaflor, other

 

Payment record: Regular

 

Location: Business area in Tokyo.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:

MUFG (Toranomon)

SMBC (Hibiya)

Relations: Satisfactory

FINANCES

(In Million Yen)

 

Terms Ending:

　

28/02/2012

28/02/2011

28/02/2010

28/02/2009

Annual Sales

　

34,600

33,600

32,700

35,000

Recur. Profit

　

　

　

　

　

Net Profit

　

340

330

320

350

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

4,690

4,360

4,040

Capital, Paid-Up

　

　

490

490

490

Div.P.Share(¥)

　

　

　

　

　

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.98

2.75

-6.57

0.86

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

0.98

0.98

0.98

1.00

 

Notes: Financials are only partially disclosed.  Net profits are not precisely disclosed and are only estimated.

Forecast (or estimated) figures for the 28/02/2012 fiscal term.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.08

UK Pound

1

Rs.78.78

Euro

1

Rs.67.76

 

 

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

----

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.