MIRA INFORM REPORT

 

 

Report Date :

14.10.2011

 

IDENTIFICATION DETAILS

 

Name :

RYUSHO BUSSAN CO LTD

 

 

Registered Office :

Monzennakacho Park Homes 1F, 2-33-3 Eitai Kotoku Tokyo 135-0034

 

 

Country :

Japan

 

 

Financials (as on) :

31.07.2010

 

 

Year of Establishment :

August 2004

 

 

Com. Reg. No.:

(Tokyo-Kotoku) 038829

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of fish, fishery products

 

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 23.2 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 30, 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 and address

 

RYUSHO BUSSAN CO LTD

REGD NAME:    KK Ryusho Bussan

MAIN OFFICE:  Monzennakacho Park Homes 1F, 2-33-3 Eitai Kotoku Tokyo 135-0034 JAPAN

                        Tel: 03-6458-8870     

                                               

URL:                 N/A

 

 

ACTIVITIES

 

Import, wholesale of fish, fishery products

 

 

BRANCHES   

 

Nil

 

 

OFFICERS

 

KAZUMU NATSU, PRES                       

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    R/WEAK                       A/SALES          Yen 1,500 M

PAYMENTS                  REGULAR                     CAPITAL           Yen 10 M

TREND             SLOW                          WORTH            Yen 22 M

STARTED                     2004                             EMPLOYES      5

 

 

COMMENT    

 

IMPORTER OF FISH, FISHERY PRODUCTS.

FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 23.2 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

            The subject company was established by Kazumu Natsu in order to make most of his experience in the subject line of business.  This is a trading firm specializing in import and wholesale of fish (raw/frozen/chilled) and fishery products.  Clients include fishery wholesalers, food processors, other.

 

 

FINANCIAL INFORMATION

           

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

 

The sales volume for Jul/2010 fiscal term amounted to Yen 1,500 million, a 7% up from Yen 1,400 million in the previous term.  Tuna prices rose.  The net profit was posted at Yen 2 million, compared with Yen 2 million a year ago.

 

            For the term that ended Jul 2011 the net profit was projected at Yen 3 million, on a 7% rise in turnover, to Yen 1,600 million.  Final results are yet to be released. 

 

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.  Max credit limit is estimated at Yen 23.2 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Aug 2004

Regd No.:         (Tokyo-Kotoku) 038829

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800 shares

Issued:                200 shares

Sum:                   Yen 10 million

Major shareholders (%): Kazumu Natsu (100)

 

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

           

Activities: Imports and wholesales fish (raw/frozen/chilled) fish and fishery products (--100%).

 

Clients: [Fish markets, fishery dealers, wholesalers] Yokorei Co, Iwate Canning Co, Marutomo Co, Smile Corp, Seaborn Enterprises Japan, other

No. of accounts: 200

Domestic areas of activities: Centered in greater-Tokyo

Suppliers: [Mfrs, wholesalers] Yokorei Co, Sojitz Corp, Marubeni Corp, Hokkaido Federation of Fisheries Cooperative Associations, Kyokuyo Co, other

 

Payment record: Regular

 

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

 

Bank References:

MUFG (Mita)

SMBC (Hamamatsucho)

Relations: Satisfactory

 

 

FINANCES

 (In Million Yen)

 

Terms Ending:

　

31/07/2011

31/07/2010

31/07/2009

31/07/2008

Annual Sales

　

1,600

1,500

1,400

1,626

Recur. Profit

　

　

　

　

　

Net Profit

　

3

2

2

8

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

22

20

18

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

6.67

7.14

-13.90

55.75

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

0.19

0.13

0.14

0.49

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/07/2011 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.02

UK Pound

1

Rs.77.13

Euro

1

Rs.67.55

 

 

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.