MIRA INFORM REPORT
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Report Date : |
20.01.2012 |
IDENTIFICATION DETAILS
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Name : |
PACIFIC TRADING CO LTD |
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Registered Office : |
Nihombashi Soyic Bldg, 3-1 Nihombashi-Koamicho Chuoku Tokyo 103-0016 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
June 1928 |
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Com. Reg. No.: |
(Tokyo-Chuoku)
111388 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export
of foodstuffs, alcoholic beverages, fresh fruits |
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No. of Employees
: |
76 |
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 1,096.5 Million |
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Status : |
Good |
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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
PACIFIC TRADING CO LTD
REGD NAME
Taiheiyo Boeki KK
MAIN OFFICE
Nihombashi SOYIC
Bldg, 3-1 Nihombashi-Koamicho Chuoku Tokyo 103-0016 JAPAN
Tel:
03-5847-0581 Fax: 03-5847-0591
* Moved to the caption address in 2008 from former at: 3-16-20 Shibaura
Minatoku Tokyo, as given.
URL: www.ptc.co.jp
E-mail: info@ptc.co.jp
ACTIVITIES
Import,
export of foodstuffs, alcoholic beverages, fresh fruits, other
BRANCHES
Osaka
OVERSEAS
USA
(13), Europe (3), China (2), Australia (3), Singapore
OFFICER(S)
KAZUO
YOSHIHASHI, PRES Mitsuo
Someya, ch
Takeyoshi Hioka, mgn/dir Toshiaki Tadakoku, mgn
dir
Tetsugo Nakagawa, mgn dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 21,012 M
PAYMENTS REGULAR CAPITAL Yen
72 M
TREND STEADY WORTH Yen
3,400 M
STARTED 1928 EMPLOYES 76
COMMENT
TRADING
FIRM OF FOODSTUFFS, AFFILIATED TO KIKKOMAN CORP
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX
CREDIT LIMIT: YEN 1,096.5 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established in San Francisco as a Californian corporation. Its branch office was incorporated as a
Japanese corporation and became Pacific Trading Co Ltd as of Jun 1928 with its
head office in Tokyo and branch office in Osaka. This is a trading firm specializing in
import, export and wholesale of foodstuffs, alcoholic beverages, fresh fruits,
rice, kitchen ware, other. Mitsuo Someya is concurrently pres at the parent,
Kikkoman Corp.
FINANCIAL INFORMATION
The sales volume for Mar/2011 fiscal term amounted to Yen 21,012
million, a 4% up from Yen 20,119 million in the previous term. The recurring profit was posted at Yen 329
million and the net profit at Yen 196 million, respectively, compared with Yen
816 million recurring profit and Yen 466 million net profit, respectively, a
year ago. .
For the current term ending Mar 2012 the recurring profit was projected
at Yen 350 million and the net profit at Yen 200 million, respectively, on a 5%
rise in turnover, to Yen 22,000 million.
The financial situation is considered FAIR and good for ORDINARY business
engagements. Max credit limit is
estimated at Yen 1,096.5 million, on 30 days normal terms.
REGISTRATION
Date Registered: Jun 1928
Regd No.: (Tokyo-Chuoku) 111388
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 5.6
million shares
Issued: 1,440,000 shares
Sum: Yen 72 million
Major shareholders (%): Kikkoman Corp* (69.3), JFC
International (25.6), Employees’ S/Holding Assn (5.1)
No. of shareholders: 3
* World’s largest soy sauce brewer, Tokyo, founded 1917, listed Tokyo,
Osaka S/E’s, capital Yen 11,599 million, sales Yen 283,463 million, operating
profit Yen 19,208 million, recurring profit Yen 16,751 million, net profit Yen
7,770 million, total assets Yen 295,113 million, net worth Yen 158,511 million,
employees 5,323, pres Mitsuo Someya
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities:
Imports, exports and wholesales foodstuffs, alcoholic beverages, fresh fruits,
rice, general foodstuffs and kitchen ware (--100%).
Clients:
[Food mfrs, wholesalers] Kikkoman Corp, JFC International, Delmont Japan, Japan
Produce, other
No. of
accounts: 500
Domestic
areas of activities: Nationwide
Suppliers:
[Mfrs, wholesalers] Kikkoman Corp, Sapporo Brewery, Ozaki, Osaka Uoichiba, other
Payment
record: Regular
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(H/O)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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22,000 |
21,012 |
20,119 |
21,509 |
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Recur.
Profit |
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350 |
329 |
816 |
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Net
Profit |
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200 |
196 |
466 |
499 |
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Total
Assets |
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5,259 |
6,428 |
5,357 |
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Current
Assets |
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4,530 |
5,965 |
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Current
Liabs |
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1,706 |
2,951 |
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Net
Worth |
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3,400 |
3,333 |
2,953 |
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Capital,
Paid-Up |
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72 |
72 |
72 |
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Div.P.Share(¥) |
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50.00 |
50.00 |
50.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.70 |
4.44 |
-6.46 |
5.81 |
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Current Ratio |
|
.. |
265.53 |
202.13 |
.. |
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N.Worth Ratio |
.. |
64.65 |
51.85 |
55.12 |
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R.Profit/Sales |
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1.59 |
1.57 |
4.06 |
.. |
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N.Profit/Sales |
0.91 |
0.93 |
2.32 |
2.32 |
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Return On Equity |
.. |
5.76 |
13.98 |
16.90 |
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Notes:
Forecast (or estimated) figures for the 31/03/2012 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.50.29 |
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UK Pound |
1 |
Rs.77.60 |
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Euro |
1 |
Rs.64.67 |
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.