MIRA INFORM REPORT

 

 

Report Date :

13.07.2012

 

IDENTIFICATION DETAILS

 

Name :

PESCA RICH CORPORATION

 

 

Registered Office :

JS Tsukiji Bldg 3F, 3-7-10 Tsukiji Chuoku Tokyo 104-0045

 

 

Country :

Japan

 

 

Financials (as on) :

30.09.2011

 

 

Date of Incorporation :

March  2005

 

 

Com. Reg. No.:

0100-01-015850 (Tokyo-Chuoku)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of fish, fish products, sushi materials

 

 

No. of Employees :

60

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

 

PESCA RICH CORPORATION

REGD NAME:    KK Pesca Rich

MAIN OFFICE:  JS Tsukiji Bldg 3F, 3-7-10 Tsukiji Chuoku Tokyo 104-0045 JAPAN

Tel: 03-5148-0045      Fax: 03-5148-0310

 

URL:                 http://www.pescarich.com

E-Mail address: info@pescarich.com

 

 

ACTIVITIES

 

Import, wholesale of fish, fish products, sushi materials

 

BRANCHES

 

Sapporo, Osaka, Nagoya, Hiroshima, Fukuoka, Okinawa

 

OVERSEAS   

 

USA, Philippines

 

FACTORIES

 

Philippines (tuna fish farm)

 

 

OFFICERS

 

TETSUO ADACHI, PRES                       Tomiaki Fukuda, ch

Nobukazu Kobayashi, dir                        Sakai Nishihara, dir

Retsu Satoh, dir                                     Joji Taie, dir

                       

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY    

 

FINANCES        FAIR                             A/SALES          Yen 9,000 M

PAYMENTS      NO COMPLAINTS          CAPITAL           Yen 20 M

TREND UP                                WORTH            Yen 188 M

STARTED         2005                             EMPLOYES      60

 

 

COMMENT

 

IMPORTER OF FISH & FISH PRODUCTS.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

                       

HIGHLIGHTS

           

            The subject company was established by Tetsuo Adachi in order to make most of his experience in the subject line of business.  This is a trading firm for import and wholesale of fish, fishery products, sushi materials, others.  Operates a tune fish farm in the Philippines.  Domestic clients include restaurants, supermarkets, other.

 

 

FINANCIAL INFORMATION

           

            Financials are only partially disclosed.

 

The sales volume for Sept/2011 fiscal term amounted to Yen 9,000 million, a 13% up from Yen 8,000 million in the previous term.  This is attributed to the price hike of tuna due to restricted catch.  The net profit was posted at Yen 50 million, compared with Yen 48 million a year ago.

 

            For the current term ending Sept 2012 the net profit is projected at Yen 60 million, respectively, on a 6% rise in turnover, to Yen 9,500 million.  

 

The financial situation is considered FAIR and good for ORDINARY business engagements. 

 

 

REGISTRATION

 

Date Registered:  Mar 2005

Regd No.:         0100-01-015850 (Tokyo-Chuoku)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         1,600 shares

Issued:                400 shares

Sum:                   Yen 20 million

Major shareholders (%): Tetsuo Adachi (20), Tomiaki Fukuda (20)

No. of shareholders: 6

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

 

 

OPERATION

           

Activities: Imports and wholesales fish, fishery products, sushi materials (--100%)

 

Clients: [Mfrs, wholesalers] Skylark Restaurant, Kura Corp, Pacific Trading Co, Kyotaru Co, Monte Rosa, other 

No. of accounts: 300

Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] Itochu Fresh, Daito Gyorui Co, Green Foods, Yamada Foods, Sojitz Foods, Table Mark Co, other

Imports from Philippines, other

 

Payment record: No Complaints

 

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

 

Bank References:        Resona Bank (Tokyo-Chuo)

                                    SMBC (Tsukiji)

Relations: Satisfactory

 

 

FINANCES

 (In Million Yen)

 

　

　

30/09/2012

30/09/2011

30/09/2010

30/09/2009

Annual Sales

　

9,500

9,000

8,000

7,800

Recur. Profit

　

　

　

　

　

Net Profit

　

60

50

48

51

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

188

138

90

Capital, Paid-Up

　

　

20

20

20

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

5.56

12.50

2.56

-2.50

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

0.63

0.56

0.60

0.65

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 30/09/2012 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.70

UK Pound

1

Rs.86.28

Euro

1

Rs.68.15

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.