MIRA INFORM REPORT

Report Date :

25.07.2012

IDENTIFICATION DETAILS

Correct Name :	HEINZ JAPAN LTD

Registered Office :	CS Tower 11F, 5-20-8 Asakusabashi Taitoku Tokyo 111-0053

Country :	Japan

Date of Incorporation :	December 1961

Legal Form :	Limited Company

Line of Business :	Import, wholesale of tomato ketchup, demi-glace sauce, white sauce

No. of Employees :	170

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Unknown
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 – March 31^st, 2012

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Japan

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company name

HEINZ JAPAN LTD

REGD NAME

Heinz Nihon KK

MAIN OFFICE

CS Tower 11F, 5-20-8 Asakusabashi Taitoku Tokyo 111-0053 JAPAN

Tel: 03-5687-7515 Fax: 03-5687-1653

URL: http://www.heinz.jp

E-Mail address: (thru the URL)

ACTIVITIES

Import, wholesale of tomato ketchup, demi-glace sauce, white sauce, other

BRANCHES

Osaka, Nagoya, Sapporo, Sendai, Hiroshima, Fukuoka

OFFICERS

PAUL MORI, PRES

Nobutoshi Hoshino, dir

Nigel Commer, dir (phonetically spelled)

Yen Amount: In million Yen, unless otherwise stated

SUMMARY

FINANCES FAIR A/SALES Yen (Not disclosed)

PAYMENTS Unknown CAPITAL Yen 725 M

TREND UNDETD WORTH Yen (not disclosed)

STARTED 1961 EMPLOYES 170

COMMENT

TRADING FIRM SPECIALIZING IN COOKING SAUCES, WHOLLY OWNED BY HJ HEINZ CO, USA. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

HIGHLIGHTS

The subject company was established jointly by Nichiro Corporation and HJ Heinz Co, USA, as its market office in Japan. In 1980, the USA partner bought the whole share and the firm became wholly owned subsidiary of the USA partner. This is a trading firm for import and wholesale of tomato ketchup, demi-glace sauce, cooking sauce, pasta sauce, other. Goods are imported from USA parent and its group firms.

FINANCIAL INFORMATION

Financials are not disclosed at all. The firm says the financials are consolidated by the USA parent and independently disclosed.

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

REGISTRATION

Date Registered: Dec 1961

Legal Status: Limited Company (Kabushiki Kaisha)

Authorized: 1.45 million shares

Issued: 1.45 million shares

Sum: Yen 725 million

Major shareholders (%): HI Heinz Co, USA (100)

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

OPERATION

Activities: Imports, exports and wholesales demi-glace sauce, while sauce, tomato ketchup, cooking sauce, pasta sauce, curries, soup, chilled potato, chilled vegetables, others (--100%)

Clients: Trading firm, restaurants, hotels, food stores, other

No. of accounts: 500

Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] HJ Heinz Co, USA and its group firms

Payment record: Unknown

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

Bank References:

MUFG (Marunouchi)

Mizuho Bank (Kojimachi)

Relations: Satisfactory

FINANCES

(In Million Yen)

NOT DISCLOSED AND UNAVAILABLE.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.56.02
UK Pound	1	Rs.86.89
Euro	1	Rs.67.84

INFORMATION DETAILS

Report Prepared by :

MNL

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%)

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