MIRA INFORM REPORT

 

 

Report Date :

22.09.2011

 

IDENTIFICATION DETAILS

 

Name :

ROYAL CO LTD

 

 

Registered Office :

Kyoka Kaikan 2F, 1-1 Suzaku Shokaicho Shimogyoku Kyoto 600-8841

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

January 1964

 

 

Com. Reg. No.:

(Kyoto-Shimogyoku) 019293

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of fresh vegetables, fruits (fresh & dried)

 

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 717.6 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

 

ROYAL CO LTD

REGD NAME:    KK Royal

MAIN OFFICE:  Kyoka Kaikan 2F, 1-1 Suzaku Shokaicho Shimogyoku Kyoto 600-8841 JAPAN

                        Tel: 075-344-8557      Fax: 075-343-6950

                                               

URL:                 http://www.royal-jp.com

E-Mail address: royal@royal-jp.com

 

 

ACTIVITIES

 

Import, wholesale of fresh vegetables, fruits (fresh & dried)

 

 

BRANCHES   

 

Tokyo, Osaka, Ishikari (Hokkaido)

 

 

OVERSEAS   

 

China

 

 

OFFICERS

 

KO NAKANO, PRES

Takashi Uchida, ch

Shuzo Takahashi, dir                 

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES                    FAIR                             A/SALES          Yen 40,000 M

PAYMENTS                  REGULAR                     CAPITAL           Yen 60 M

TREND             SLOW                          WORTH            Yen 389 M

STARTED                     1964                             EMPLOYES      133

 

COMMENT    

 

IMPORTER OF VEGETABLES & FRUITS.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT ENGAGEMENTS: US$400,000.

                       

MAX CREDIT LIMIT: YEN 717.6 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

            The subject company was established on the basis of an international division separated from Kyoto Seika Godo Co Ltd.  This is a trading firm specializing in import and wholesale of fresh vegetables & fruits (including dried fruits).  Goods are imported thru general trading firms and Japan offices of foreign suppliers. 

 

 

FINANCIAL INFORMATION

           

            Financial are only partially disclosed and in rounded-off numbers.

 

The sales volume for Mar/2011 fiscal term amounted to Yen 40,000, a similar amount in the previous term.  The net profit is estimated at Yen 30 million, unchanged from the last year.  Net profits are not disclosed and the figures are all estimated.

 

            For the current term ending Mar 2012 the net profit is projected at Yen 35 million, on a 3% rise in turnover, to Yen 41,000 million. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 717.6 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Jan 1964

Regd No.:         (Kyoto-Shimogyoku) 019293

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         480,000 shares

Issued:                120,000 shares

Sum:                   Yen 60 million

Major shareholders (%): Kyoto Seika Godo Co* (80), Kyoka Shokuhin (20)

No. of shareholders: 2

 

*.. Wholesaler of vegetables/fruits, Kyoto, founded 1947, capital Yen 145 million, sales Yen 57,000 million, net profit Yen 150 million, employees 274, pres Takashi Uchida

 

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

 

 

OPERATION

           

Activities: Imports and wholesales fresh vegetables & fruits, dried fruits, other (--100%).

 

(Lines of Products): grapefruits, orange, lemon, banana, kiwi fruits, melon, mango, papaya, avocado, grape, cherry, strawberry, apple, lime, pineapple, persimmons, onions, squash, asparagus, broccoli, matsutake, shiitake, carrot, garlic, ginger, sweet corn, potato, paprika, soybean, tomato, lettuce, chestnuts, peanuts, almond, raisin, bamboo shoots, flowers, other.

Clients: [Vegetable markets, wholesalers] Tokyo Seika Co, Tokyo Ebara Seika, Tokyo Shinjuku Seika, Tokyo City Seika, Kyoto Seika Godo, other

No. of accounts: 800

Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] Sunkist Growers, Itochu Corp, Chiquita Brands Japan, Mitsui & Co, Mitsubishi Corp, Nippon Del Monte Corp, other

Payment record: Regular

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

 

Bank References:

Mizuho Bank (Kyoto-Chuo)

MUFG (Kyoto-Ekimae)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/03/2012

31/03/2011

31/03/2010

31/03/2009

Annual Sales

　

41,000

40,000

40,000

42,000

Recur. Profit

　

　

　

　

　

Net Profit

　

35

30

30

30

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

389

359

329

Capital, Paid-Up

　

　

60

60

60

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.50

0.00

-4.76

950.00

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

0.09

0.08

0.08

0.07

 

Notes: Financials are only partially disclosed.

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

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.47.89

UK Pound

1

Rs.75.31

Euro

1

Rs.65.63

 

 

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.