MIRA INFORM REPORT

 

 

Report Date :

25.07.2012

 

IDENTIFICATION DETAILS

 

Name :

SUZUSHO LTD

 

 

Registered Office :

23 Arakicho Shinjukuku Tokyo 160-0007

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2012

 

 

Date of Incorporation :

April 1954

 

 

Com. Reg. No.:

(Tokyo-Shinjukuku) 010522

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of confectionery, beverages, dairy products

 

 

No. of Employees :

45

 

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 :

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 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

 

SUZUSHO LTD

 

 

REGD NAME

 

KK Suzusho

 

 

MAIN OFFICE

 

23 Arakicho Shinjukuku Tokyo 160-0007 JAPAN

Tel: 03-3225-1161     Fax: 03-3225-1160

                       

URL:                 http://www.suzusho.co.jp

E-Mail address: I.Suzuki@suzusho.co.jp

 

 

ACTIVITIES  

 

Import, wholesale of confectionery, beverages, dairy products, other

 

 

BRANCHES

 

Tokyo (2)

 

 

FACTORIES)

 

Kawasaki (warehouse)

 

 

OFFICERS

 

Koushi Suzuki, ch                      ISSEI SUZUKI, PRES

Hajime Matsui, s/mgn dir            Masaaki Isezaki, mgn dir

Mitsuhiro Hasegawa, dir             Hidemi Sakurai, dir

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY

 

FINANCES        FAIR                             A/SALES          Yen 5,570 M

PAYMENTS No Complaints   CAPITAL           Yen 72 M

TREND SLOW                          WORTH            Yen 2,152 M

STARTED         1954                             EMPLOYES      45

 

 

COMMENT    

 

IMPORTER AND WHOLESALER SPECIALIZING IN CONFECTIONERY & OTHER FOODSTUFFS.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

 

HIGHLIGHTS

           

This is an old-established trading firm dating back to 1919 when Shiro Suzuki started          producing syrup & cold beverages, on his account.  In this year, started importing various essences and flavorings from Bayern (Germany) and John Elmer (UK).  Incorporated in 1954,      the firm has been succeeded by his descendants.  Shirou is the founder’s son and Issei his             grandson, who took the pres office in Mar 1992.  Specializes in import and wholesale of con-           fectionery in the main, dairy products (raw materials), prepared foods, other foodstuffs.  Goods         are imported widely from USA, Canada, UK, France, Italy, Spain, Germany, Switz, Netherlands,  Portugal, Rumania, other.  Clients are major foodstuff traders nationwide.

 

 

FINANCIAL INFORMATION

 

The sales volume for Mar/2012 fiscal term amounted to Yen 5,570 million, a 1% up from Yen 5,518 million in the previous term.  The recurring profit was posted at Yen 75 million and the net profit at Yen 33 million, respectively, compared with Yen 86 million recurring profit and Yen 26 million net profit, respectively, a year ago.

 

For the current term ending Mar 2013 the recurring profit is projected at Yen 80 million and the net profit at Yen 40 million, respectively, on a 4% rise in turnover, to Yen 5,800 million.

 

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

 

 

REGISTRATION

 

Date Registered:  Apr 1954

Regd No.:         (Tokyo-Shinjukuku) 010522

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         576,000 shares

Issued:                144,000 shares

Sum:                   Yen 72 million

Major shareholders (%): Koushi Suzuki (35), Issei Suzuki (30), Employees’ S/Holding Assn (8), Seishi Suzuki (7)

 

No. of shareholders: 21

 

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

 

 

OPERATION

 

Activities: A trading house for import, export, wholesale and warehousing of confection-ery & foodstuffs (--100%)

 

(Handling items): Bakery & snack foods, beverages & alcohols, canned/bottled pre-served foods, cereals, chocolates & confectioneries, cheese & dairy products (raw materials), frozen & fresh produces, prepared foods & specialties, processed meat products, cosmetics, others.

 

(Business Partners): Aarhus Karlshamn, Adolf Darbo AG, Agrcapers SA, Agros Nova Co Ltd, Bio Famlia AG, Biscuits Leclerc Ltd, Bomholms Konsevesfablik A/S, Bruce Foods Corp, Citadelle Mayple Syrup Producers cooperatives, Con Agra Foods Inc, Ermes Fontana spa, Fini, Gardener Resources Inc, General Mills Inc, Hero, HUG AG, Kraft Foods, Linesy Foods Ltd, Nestle Japan, P J Rhodes Corp, Progust SI, Quality Ceylon (Pvt) Ltd, Seeberger KG, Spa Egidio Galbanl, Tengu Co Inc, The Hershey Company, Tree Top Inc, The Maldon Crystal Salt Co Ltd, Tootsie Roll World Wide Ltd, Weetabix Ltd, other.

Clients: [Food processors, food dealers] Kokubu & Co, Nichirei Corp, Italian Foods, Sanyu Shokuhin, Being Co, Jokki Co, Imado Corp, Takanashi Milk Products, Muroi Trading, Meidi-Ya Trading, Wataru & Co, other.  

           

No. of accounts: 500

 

Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Imports from Citadell Maple Syrup, Royal Buisman, PJ Rhodes Corp, General Mills, Zingg & Co, Hero Switzerland, Ermes Fontana, Agros             Nova Co, Bio Famila AG, Bornholms Konsevesfabrik A/S, Joe Int’l, Tengu & Co, Bluebird            Confectionery, Fiorentini Alimentari Spa, General Mills, Con Agra Foods Inc, other.  Domestically, supplied from Hero Japan, Oritz Japan, other.

 

Payment record: No Complaints

 

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

 

Bank References:

Mizuho Bank (Yotsuya)

MUFG (Yotsuya)

Relations: Satisfactory.

FINANCES

 (In Million Yen)

 

       Terms Ending:

31/03/2013

31/03/2012

31/03/2011

31/03/2010

Annual Sales

　

5,800

5,570

5,518

5,655

Recur. Profit

　

80

75

86

384

Net Profit

　

40

33

26

72

Total Assets

　

　

5,676

5,980

5,731

Current Assets

　

　

3,465

3,664

3,460

Current Liabs

　

　

1,219

944

1,035

Net Worth

　

　

2,151

2,136

2,132

Capital, Paid-Up

　

　

72

72

72

Div.P.Share(¥)

　

　

150.00

150.00

150.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

4.13

0.94

-2.42

-12.56

    Current Ratio

 

..

284.25

388.14

334.30

    N.Worth Ratio

..

37.90

35.72

37.20

    R.Profit/Sales

 

1.38

1.35

1.56

6.79

    N.Profit/Sales

0.69

0.59

0.47

1.27

    Return On Equity

..

1.53

1.22

3.38

 

 Note: Forecast (or estimated) for the 31/03/2013 fiscal term.

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%)

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.