MIRA INFORM REPORT
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Report Date : |
10.01.2012 |
IDENTIFICATION DETAILS
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Name : |
BB FOODS CO LTD |
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Registered Office : |
4-13-1 Zenbori Musashimurayama
Tokyo-Metrop 208-0034 |
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Country : |
Japan |
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Financials (as on) : |
28.02.2011 |
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Date of Incorporation : |
March 1979 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale
of meat & products |
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No. of Employees
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50 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 52.5 Million |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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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
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Japan |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
Company name
BB FOODS CO LTD
REGD NAME
BB Foods KK
MAIN OFFICE
4-13-1 Zenbori Musashimurayama
Tokyo-Metrop 208-0034 JAPAN
Tel:
042-569-2395 Fax: 042-569-2394
*.. The given address is its International Sales Division in Tokyo
URL: http://www.bbfoods.jp
E-Mail address: bboitky@kgy.so-net.co.jp
ACTIVITIES
Import,
wholesale of meat & products
BRANCHES
Chiyodaku
(Tokyo)
OVERSEAS
Nebraska
(USA) (Raw meat processing plant)
FACTORIES
At the
caption address (meat center/processing plant)
OFFICERS
KENJI
TOKUNAGA, PRES
Shozo
Nakamori, ch
Hideo
Suzuki, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,806 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND UP WORTH Yen 216 M
STARTED 1979 EMPLOYES 50
COMMENT
TRADING FIRM SPECIALIZING IN MEAT & PRODUCTS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 52.5 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Shozo Nakamori in order to make most of his experience in the subject line of business. This is a trading firm, with mfg division, for import and wholesale of meat: beef, pork, chicken, other. Products are processed at Nebraska Plant and domestic plant. Clients include hotels, restaurants, meat shops, supermarkets, other.
FINANCIAL INFORMATION
Financial are only partially disclosed as is the case with family-based companies.
The sales volume for Feb 2011 fiscal term amounted to Yen 2,806 million, a 99% up from Yen 1,412 million in the previous term. This is attributed to the inclusion of its one subsidiary to its financially consolidated subsidiary. The net profit was posted at Yen 6 million, compared with Yen 3 million a year ago.
For the current term ending Feb 2012 the net profit is projected at Yen 7 million, on a 7% rise in turnover, to Yen 3,000 million. Business is seen steadily expanding.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 52.5 million, on 30 days normal terms.
REGISTRATION
Date Registered: Mar 1979
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
80,000 shares
Issued:
20,000 shares
Sum: Yen 10 million
Major shareholders (%): Shozo Nakamori, Kenji Tokunaga,
other (breakdown unavailable)
No. of shareholders: 6
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales meat & products: beef, pork, chicken, other (--100%).
Products are processed at the caption address and Nebraska Plant (USA subsidiary)
Clients: [Hotels, supermarkets, meat shops] Green House Foods, Shidax Food Service, Zennisshoku Chain, MT Foods, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Starzen Meat Processor, Kanto Nippon Foods, Zen-Noh, Mitsubishi Plastics Inc, Prima Meat Packers Ltd, Itoham Foods Inc, Sojitz Foods Inc, other
Imports from USA, Canada, Europe, other
Payment record: Regular
Location: Business area in Musashimurayama, Tokyo-Metrop. Office premises at the caption address are owned and maintained satisfactorily.
Bank References:
· Resona Bank (Murayama)
· MUFG (Kanda)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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29/02/2012 |
28/02/2011 |
28/02/2010 |
28/02/2009 |
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Annual
Sales |
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3,000 |
2,806 |
1,412 |
1,281 |
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Recur.
Profit |
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Net
Profit |
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7 |
6 |
3 |
5 |
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Total
Assets |
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N/A |
525 |
N/A |
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Net
Worth |
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216 |
212 |
210 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
6.91 |
98.73 |
10.23 |
30.05 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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40.38 |
.. |
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N.Profit/Sales |
0.23 |
0.21 |
0.21 |
0.39 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 29/02/2012 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.73 |
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UK Pound |
1 |
Rs.81.34 |
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Euro |
1 |
Rs.67.01 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.