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Report Date : |
25.07.2012 |
IDENTIFICATION DETAILS
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Name : |
MEIRAKU CORPORATION CO LTD |
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Registered Office : |
310 Nakasunacho Tempakuku |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
June
1996 |
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Com. Reg. No.: |
Not Available |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesale, import of dairy products
materials & supplies |
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No. of Employees : |
35 |
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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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
MEIRAKU CORPORATION CO LTD
KK
Meiraku Corporation
310
Nakasunacho Tempakuku Nagoya 468-0065 JAPAN
Tel:
52-831-6688 Fax: 052-834-6714
*.. The
given address is its Tokyo Headquarters (Tokyo Meiraku Corp)
URL: http://www.sujahta.co.jp/
E-mail
address: info@sujahta.co.jp
Wholesale,
import of dairy products materials & supplies
Tokyo,
Osaka, Nagoya (3), Fukuoka
China
(3), Brazil
Tokyo, Osaka, Chiba, Nagoya (3), Fukuoka
TAKAYOSHI
HIBI, PRES Haruo Hibi, dir
Tokie
Omori, dir Toshiharu
Hibi, dir
Akio
Hibi, dir Haruo
Washimi, dir
Yen
Amount: In million Yen, otherwise
stated.
FINANCES FAIR A/SALES Yen
33,500 M
PAYAMENTS No
Complaints CAPITAL Yen
10 M
TREND STEADY WORTH Yen 1,648 M
STARTED
1996 EMPLOYS 35
WHOLESALER
SPECIALIZING IN DAIRY FOODS MATERIALS, AFFILIATED WITH NGOYA SEIRAKU KK.
FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
The
subject company was established as a purchasing division by Nagoya Seiraku KK,
mfr of dairy foods/retort-packed foods, etc, Nagoya. The subject specializes in joint purchasing
and wholesaling dairy products materials for supply to 11 group makers in the
line of mfg dairy products and other foodstuffs. Goods are imported mostly through general trading
houses, from China, Thailand, other.
Goods are wholly shipped to group companies.
Financials
are only partially disclosed.
The sales
volume for Mar/2012 fiscal term amounted to Yen 33,500 million, a 3% up from
Yen 32,500 million in the previous term, thanks to the steady growth of the
parent & group firms in each business line.
Added one firm in the group firms.
The net profit was posted at Yen 315 million, compared with Yen 310 million
a year ago.
For the
current term ending Mar 2013 the net profit is projected at Yen 320 million, on
a 4% fall in turnover, to Yen 35,000 million.
Business is steady and on the rising trend, while the rising overhead
costs will likely eat into profitability.
The
financial situation is considered FAIR and good for ORDINARY business
engagements.
Date Registered: Jun
1996
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued:
200 shares
Sum: Yen 10 million
Major shareholders (%): Nagoya Seiraku*(40), Haruo
Hibi (20), Shunji Hibi (20), Akio Hibi (10)
No. of shareholders: 7
*.. Mfr of
dairy foods & other foodstuffs, Nagoya, and core of Meiraku group firms;
capital Yen 100 million, sales turnover Yen 40,000 million, employees 1,150,
pres Haruo Hibi
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Purchases and supplies dairy foods
and other foodstuff materials to 11 group mfrs, headed by Nagoya Seiraku KK
(--100%).
(Handling items): Dairy products (soy milk, whipped
cream, corn potage, etc), fruit juices, other beverage, regular coffee, iced
coffee, retorted foods, other
Clients: [Mfrs] Nagoya Seiraku, Tokyo
Meiraku, Osaka Meiraku, Kyushu Meiraku, other
Goods are
also exported
No. of
account. 11
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, farm coops, wholesalers]
Hokuren Federation of Agricultural Coops, Zen-Noh, Gifu-Pref Federation of
Dairy Farming, Mitsubishi Corp, Calpis-Ajinomoto, Nagase Corp, other.
Imports
from China, Brazil, Thailand, other
Payment record: not
complaints
Location: Business area in Nagoya. Office premises at the caption address are
owned by the parent, Nagoya Seiraku KK, and maintained satisfactorily.
Bank Reference:
MUFG
(Nagoya)
Relations:
Satisfactory
(In Million Yen)
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31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
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Annual
Sales |
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35,000 |
33,500 |
32,500 |
31,700 |
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Recur.
Profit |
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Net
Profit |
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320 |
315 |
310 |
305 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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1,648 |
1,428 |
1,211 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.48 |
3.08 |
2.52 |
0.63 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
0.91 |
0.94 |
0.95 |
0.96 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for 31/03/2013 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.56.02 |
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UK Pound |
1 |
Rs.86.89 |
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Euro |
1 |
Rs.67.84 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
---- |
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.