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Report Date : |
07.04.2012 |
IDENTIFICATION DETAILS
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Name : |
KK MITOKU |
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Registered Office : |
Tamachi Nikko Bldg, 5-29-14 Shiba Minatoku Tokyo 108-0014 |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
May 1969 |
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Com. Reg. No.: |
(Tokyo-Minatoku) 045371 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Export of organic/natural
Japanese foods; import of kitchenware, health foods |
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No. of Employees : |
30 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 69.5 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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Litigation : |
Clear |
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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
MITOKU CO LTD
REGD NAME: KK
Mitoku
MAIN OFFICE: Tamachi
Nikko Bldg, 5-29-14 Shiba Minatoku Tokyo 108-0014 JAPAN
Tel: 03-5444-6701 Fax:
03-5444-6702
E-Mail
address: export@mitoku.co.jp; import@mitoku.co.jp
Export
of organic/natural Japanese foods; import of kitchenware, health foods
Nil
TOYONOBU
YOSHIDA, PRES Toyofumi Yoshida, s/mgn dir
Hiroyuki
Isobe, dir Tomoko
Katagiri, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 2,194 M
PAYMENTS No complaints CAPITAL Yen
10 M
TREND SLOW WORTH Yen
3514 M
STARTED 1969 EMPLOYES 30
TRADING FIRM SPECIALIZING IN ORGANIC JAPANESE FOODS
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 69.5 MILLION, 30 DAYS NORMAL TERMS.
The subject company was established by Akiyoshi Kazama when
he obtained sole agency agreement from Ravenna GmbH (Germany). This is a trading firm specializing in
exporting natural/organic Japanese foods.
Also imports foreign foods, kitchen ware, health foods, ingredients
& machinery for natural foods mfg.
Exports to over 40 countries worldwide.
The sales volume for Mar/2011 fiscal term amounted to Yen
2,194 million, a 3% up from Yen 2,128 million in the previous term. The recurring profit was posted at Yen 135
million and the net profit at Yen 80 million, respectively, compared with Yen
118 million recurring profit and Yen 25 million net profit, respectively, a
year ago.
For the current tm ending Mar 2012 the recurring profit is
projected at Yen 140 million and the net profit at Yen 85 million,
respectively, on a 3% rise in turnover, to Yen 2,250 million. .
The financial situation is considered FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 69.5 million, on 30 days normal terms.
Date Registered: May 1969
Regd No.: (Tokyo-Minatoku) 045371
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
80,000 shares
Issued:
20,000 shares
Sum: Yen 10 million
Major shareholders (%): Akiyoshi Kazama (60), Junko
Kazama (20), Toyofumi Yoshida (6.7), Hiromi Abe (6.7), Mami Yoshida (6.6)
No. of shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Exports traditional organic/natural
Japanese foods: miso, bean curd, soy sauce, vinegar, other; imports foreign
foods, kitchenware, health foods, ingredients & machinery for mfg natural
foods, other (--100%).
Clients: [Mfrs, wholesalers] Exports to: Lago
Berg SA (Argentine), Lima NV (Belgium), Koyo Foods Inc (Canada), Sun Food Co
(Czech), Oy Makrobios (Finland), Calnat (France), Arche Naturprodukte GmbH
(Germany), China Organic Products (HK) Ltd, KI Group SPA (Italy), Essential
Living (S) Pte Ltd (Singapore), Kunga CP (Spain), Kunga Marketta SB (Sweden),
other.
Japanese clients: Osawa Japan,
Plaza Style, Radish Boya, other
No. of
accounts: 300 (Japanese clients)
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Aubrey,
Hanamaruki, Ninben Foods, Yukiguni Maitake Co, Takemoto Oil & Fats, other
Payment record: No complaints
Location:
Business area in Tokyo.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References:
SMBC
(Marunouchi)
Shoko
Chukin Bank (Tokyo)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
|
|
Annual
Sales |
|
2,250 |
2,194 |
2,128 |
2,334 |
|
Recur.
Profit |
|
140 |
135 |
118 |
105 |
|
Net
Profit |
|
85 |
80 |
85 |
63 |
|
Total
Assets |
|
|
964 |
933 |
1,008 |
|
Current
Assets |
|
|
795 |
788 |
786 |
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Current
Liabs |
|
|
343 |
338 |
458 |
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Net
Worth |
|
|
514 |
439 |
378 |
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Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.55 |
3.10 |
-8.83 |
-89.58 |
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Current Ratio |
|
.. |
231.78 |
233.14 |
171.62 |
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N.Worth Ratio |
.. |
53.32 |
47.05 |
37.50 |
|
|
R.Profit/Sales |
|
6.22 |
6.15 |
5.55 |
4.50 |
|
N.Profit/Sales |
3.78 |
3.65 |
3.99 |
2.70 |
|
|
Return On Equity |
.. |
15.56 |
19.36 |
16.67 |
|
Notes:
Forecast (or estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.04 |
|
|
1 |
Rs.81.08 |
|
Euro |
1 |
Rs.67.39 |
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.