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Report Date : |
25.07.2012 |
IDENTIFICATION DETAILS
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Name : |
FOODEM KK |
|
|
|
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Registered Office : |
2-5-4 Yasakadai Sumaku |
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Country : |
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|
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Financials (as on) : |
31.03.2011 |
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|
|
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Date of Incorporation : |
June 2010 |
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|
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Legal Form : |
Limited Company |
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|
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Line of Business : |
Import, wholesale of rice, cereals |
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No. of Employees : |
5 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small Company |
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Payment Behaviour : |
Slow |
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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 – 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 |
FOODEM KK
REGD NAME: KK
Foodem
MAIN OFFICE: 2-5-4
Yasakadai Sumaku
Tel:
078-796-2677 Fax: 078-797-8561
URL: htpp://www.asask.co.jp
(Of the parent, Asahi Shokuhin Co)
Import, wholesale
of rice, cereals
Nil
SHOJI TAKEUCHI Katsuyuki Takeuchi, dir
Yasuo Takeuchi,
dir Shigeo Takeuchi, dir
Nobuo Takeuchi,
dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES R/WEAK A/SALES Yen 68,354 M
PAYMENTS SLOW CAPITAL Yen 100 M
TREND UP WORTH Yen 98 M
STARTED 2010 EMPLOYES 5
TRADING FIRM SPECIALIZING IN RICE.
FINANCIAL SITUATION CONSIDERED RATHER WEAK
BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
The subject company was established
on the basis of a trading division separated from Asahi Shokuhin Co Ltd (See REGISTRTION). This is a trading firm for import, export and
wholesale of rice, cereals, other. Goods
are imported and supplied wholly to the parent, Asahi Shokuhin Co Ltd.
Financials are only partially
disclosed.
The sales volume for the initial Mar/2011 fiscal term amounted to Yen
68,354 million, with recurring loss posted at Yen 1 million and the net loss at
Yen 1 million, respectively.
For the term that ended Mar 2012 the recurring profit was projected at
Yen 5 million and the net profit at Yen 5 million, respectively, on a 4% rise
in turnover, to Yen 71,000 million.
Final results are yet to be released.
The financial situation is considered RATHER
WEAK but should be good for MODERATE business engagements.
Date Registered: Jun
2010
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 8,000 shares
Issued: 2,000 shares
Sum: Yen 100 million
Major shareholders (%): Asahi Shokuhin Co
Ltd* (100)
*.. Trading firm
specializing in foods, beverages, wines, other, Kochi, founded 1956,
Capital Yen 1,035
million, sales Yen 377,313 million, net profit Yen 1,019 million, total
Assets Yen 116,447
million, net worth Yen 11,300 million, employees 1,364, pres Shigeo
Takeuchi
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports
and wholesales rice, cereals, other foods (--100%)
Clients: [Wholesalers]
Supplied wholly to Asahi Shokuhin Co Ltd, the parent.
No. of accounts: 1
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Goods are imported
Payment record: Slow
Location: Business area in
Kobe. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
MUFG (Kobe)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2012 |
31/03/2011 |
|
|
Annual
Sales |
|
71,000 |
68,354 |
|
Recur.
Profit |
|
5 |
-1 |
|
Net
Profit |
|
5 |
-1 |
|
Total
Assets |
|
|
120 |
|
Current
Assets |
|
|
119 |
|
Current
Liabs |
|
|
21 |
|
Net
Worth |
|
|
98 |
|
Capital,
Paid-Up |
|
|
100 |
|
Div.P.Share(¥) |
|
|
0.00 |
|
<Analytical Data> |
(%) |
(%) |
|
|
S.Growth Rate |
3.87 |
- -
- |
|
|
Current Ratio |
|
.. |
566.67 |
|
N.Worth Ratio |
.. |
81.67 |
|
|
R.Profit/Sales |
|
0.01 |
0.00 |
|
N.Profit/Sales |
0.01 |
0.00 |
|
Notes: The
31/03/2011 is the initial accounting term from the inception.
Forecast (or
estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.01 |
|
|
1 |
Rs.86.89 |
|
Euro |
1 |
Rs.67.83 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.