MIRA INFORM REPORT

 

 

Report Date :

05.10.2011

 

IDENTIFICATION DETAILS

 

Name :

TOKYO MUTUAL TRADING CO LTD

 

 

Registered Office :

4-26-4 Taito Taitoku Tokyo 1110-0016

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2011

 

 

Year of Establishment :

October 1947

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Trading company specializing in foodstuffs

 

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 789.0 Million

 

 

Status :

Moderate

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

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 and address

 

TOKYO MUTUAL TRADING CO LTD

REGD NAME:    Tokyo Kyodo Boeki KK

MAIN OFFICE:  4-26-4 Taito Taitoku Tokyo 1110-0016 JAPAN

                        Tel: 03-3835-8109      Fax: 03-3837-4730

                                               

URL:                 http://www.tmtc.co.jp

E-Mail address: i-info@tmtc.com.jp

 

 

ACTIVITIES

 

Trading company specializing in foodstuffs

 

BRANCHES   

 

New York Mutual Trading

 

 

OFFICERS:    

 

NORITOSHI KANAI, PRES                     Yoshiharu Takahashi, mgn dir

Akira Hirata, dir                                      Kazuji Sato, dir

Rieko Inaba, dir                                      Kosei Yamamoto, dir                 

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    FAIR                             A/SALES          Yen 4,130 M

PAYMENTS      REGULAR                     CAPITAL           Yen 60 M

TREND                         STEADY                       NET WORTH:   Yen 789 M

STARTED                     1947                             EMPLOYES      37

 

 

COMMENT

 

TRADING FIRM SPECIA.LIING IN FOODSTUFFS..

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 789.0 MILLION, 30 DAYS NORMAL TERMS

HIGHLIGHTS

           

This is a trading form specializing import and export of Japanese foodstuffs centrally , kitchen utensils, detergent, other.   Goods are both imported and exported.  Major market is USA. 

 

 

FINANCIAL INFORMATION

           

            Financial are only partially disclosed.

 

The sales volume for Mar/2011 fiscal term amounted to Yen 4,130 million, a 10% up from Yen 3,740 million in the previous term.  Exports of Japanese foods/foodstuffs were robust, particularly into USA.  The net profit was posted at Yen 40 million, compared with Yen 35 million a year ago.

 

            For the current term ending Mar 2012 the net profit is projected at Yen 50 million, on a 9% rise in turnover, to Yen 4,500 million.  Business is seen expanding steadily 

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 789 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Oct 1947

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         480,000 shares

Issued:                120,000 shares

Sum:                   Yen 60 million

Major shareholders (%): Noritoshi Kanai (50), Kazuji Sato (30)

No. of shareholders: 7

 

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

 

 

OPERATION

           

Activities: Trading firm for export of Japanese foods/foodstuff; import of kitchen utensils, deterrent, fragrance, fruits & vegetables, confectionery, others (--100%)

 

Clients: [Mfrs, wholesalers] Mutual Trading (36%), New York Mutual Trading, other.

No. of accounts: Unavailable

Domestic areas of activities: Centered in greater-Tokyo

Suppliers: [Mfrs, wholesales] J-Oil Mills, Yamasa Soy Sauce, UCC Ueshima Coffee,, Kagome Food, other.

 

Payment record: Regular

 

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

 

Bank References:

            Mizuho Corporate Bank (Uchisaiwaicho)

            Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/03/2012

31/03/2011

31/03/2010

31/03/2009

Annual Sales

　

4,500

4,130

3,740

4,371

Recur. Profit

　

　

　

　

　

Net Profit

　

50

40

35

66

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

539

499

464

Capital, Paid-Up

　

　

60

60

60

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

8.96

10.43

-14.44

-3.15

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

1.11

0.97

0.94

1.51

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/03/2012 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.22

UK Pound

1

Rs.76.07

Euro

1

Rs.65.06

 

 

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.