MIRA INFORM REPORT
|
Report Date : |
05.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
SFT SUISAN CO LTD |
|
|
|
|
Registered Office : |
Yaesu Nagoya Bldg 7F, 2-2-10 Yaesu Chuoku
Tokyo 104-0028 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
30.06.2011 |
|
|
|
|
Date of Incorporation : |
August 2001 |
|
|
|
|
Com. Reg. No.: |
(Tokyo-Chuoku) 075474 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Import, wholesale of trout salmon, smoke
salmon, abalone from Chile |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
Yen 63.9 Million |
|
|
|
|
Status : |
Small Company |
|
|
|
|
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
SFT SUISAN CO LTD
REGD NAME
KK SFT Suisan
MAIN OFFICE
Yaesu Nagoya Bldg
7F, 2-2-10 Yaesu Chuoku Tokyo 104-0028 JAPAN
Tel:
03-5255-5880 Fax: 03-5255-5876
E-Mail address: (thru the UEL)
ACTIVITIES
Import,
wholesale of trout salmon, smoke salmon, abalone from Chile
BRANCHES
Nil
OVERSEAS
SFT
Suisan (Chile) Ltd
OFFICERS
TADAHARU
SAITOH, PRES Minoru
Suzuki, ch
Koji
Otsuka, dir Yoshiaki
Saitoh, dir
Yasunori
Nagai, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 8,938 M
PAYMENTS REGULAR CAPITAL Yen 55 M
TREND STEADY WORTH Yen
251 M
STARTED 2001 EMPLOYES 13
COMMENT
TRADING FIRM SPECIALIZING IN SALMON, SMOKE SALMON, OTHER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 63.9 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Tadaharu Suzuki in order to make most
of his experience in the subject line of business, originally as San Francisco
Trading Japan Co Ltd. And renamed as
captioned in Jan 2011. This is a trading
firm specializing in import and wholesale of trout salmon, smoke salmon,
abalone, other, all from Chile. Has a
subsidiary in Chile for purchasing the products. Clients include major fishery companies,
chain stores, other, nationwide.
FINANCIAL INFORMATION
The sales volume for Jun/2010 fiscal term amounted to Yen 8,938 million,
a 5% up from Yen 8,538 million in the previous term. Imports of smoke salmon increased. Price hike of abalone contributed to the
growth. The recurring profit was posted
at Yen 57 million and the net profit at Yen 32 million, respectively, compared
with Yen 40 million recurring profit and Yen 27 million net profit,
respectively, a year ago.
For the term that ended Jun 2011 the recurring profit was projected at
Yen 60 million and the net profit at Yen 35 million, respectively, on a 5% rise
in turnover, to Yen 9,380 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 63.9 million, on 30 days normal terms.
REGISTRATION
Date Registered: Aug 2001
Regd No.: (Tokyo-Chuoku) 075474
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
4,400 shares
Issued:
1,100 shares
Sum: Yen 55 million
Major shareholders (%): Tadaharu Saitoh (57.7), C M
Chiloe (30.8), Kyuokuichi (11.5)
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and
wholesales trout salmon, smoke salmon, abalone, other fishery products, all
from Chile (--100%)
Clients: [Fishery companies,
food makers] Maruha Nichiro Seafoods Inc, Marine Foods, Kyokuyo Co, Daito
Gyorui Co, Uoichi Co, Benirei Corp, Yokohama Co, Mitsubishi Shokuhin Co, Daitoh
Gyorui Co, Sento Gyorui Co, other
No. of accounts: 110
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] C M Chiloe SA, Congelados Pacifico SA, Pacific Star Ltd, Salmones
Friosur SA, Trusal SA, CM San Cristobal SA, other
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
· MUFG (Yaesudori)
· SMBC (Shimbashi)
Relations: Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
30/06/2011 |
30/06/2010 |
31/03/2010 |
31/03/2009 |
|
|
Annual
Sales |
|
9,380 |
8,938 |
8,538 |
10,023 |
|
Recur.
Profit |
|
60 |
57 |
40 |
|
|
Net
Profit |
|
35 |
32 |
27 |
40 |
|
Total
Assets |
|
|
2,974 |
2,670 |
2,379 |
|
Current
Assets |
|
|
2,944 |
2,639 |
|
|
Current
Liabs |
|
|
2,430 |
2,128 |
|
|
Net
Worth |
|
|
251 |
218 |
191 |
|
Capital,
Paid-Up |
|
|
55 |
55 |
55 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.95 |
4.68 |
-14.82 |
33.93 |
|
|
Current Ratio |
|
.. |
121.15 |
124.01 |
.. |
|
N.Worth Ratio |
.. |
8.44 |
8.16 |
8.03 |
|
|
R.Profit/Sales |
|
0.64 |
0.64 |
0.47 |
.. |
|
N.Profit/Sales |
0.37 |
0.36 |
0.32 |
0.40 |
|
|
Return On Equity |
.. |
12.75 |
12.39 |
20.94 |
|
Notes:
Forecast (or estimated) figures for the 30/06/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.08 |
|
UK Pound |
1 |
Rs.78.65 |
|
Euro |
1 |
Rs.67.79 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.