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Report Date : |
12.06.2012 |
IDENTIFICATION DETAILS
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Name : |
KIBUN TRADING INC |
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Registered Office : |
Sumitomo Fudosan
Takeshiba Bldg 3F, 2-1-7 Kaigan Minatoku |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
March
1985 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import,
export, wholesale of fish, fish products, farm products, meats |
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No. of Employees : |
44 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
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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) |
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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 |
KIBUN TRADING INC
KK Kibun Sangyo
Sumitomo Fudosan
Takeshiba Bldg 3F, 2-1-7 Kaigan Minatoku Tokyo, 105-0023 JAPAN
Tel: 03-6891-5171 Fax:
03-6891-3498
URL: www.kibun.co.jp
E-mail: (thru the URL)
Import,
export, wholesale of fish, fish products, farm products, meats, other
Chiba,
Koganei
Singapore,
USA, Hong Kong, Taiwan (--subsidiaries)
(subcontracted)
YASUHIDE
DOI, PRES Hideki Enokita, dir
Yukio
Kurihara, dir Teiji
Taniguchi, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 12,393 M
PAYMENTS
REGULAR CAPITAL Yen 100 M
TREND SLOW WORTH Yen199 M
STARTED 1985 EMPLOYES 44
TRADING HOUSE SPECIALIZING IN PROCESSED FOODS, WHOLLY OWNED.BY KIBUN FOOD INC
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
This is a trading firm owned by Kibun Food Inc (See REGISTRATION) specializing in import and wholesale of processed
foods for the whole Kibun group firms, a general foodstuff dealing group. Goods are imported widely from the group
subsidiaries and branch offices worldwide.
Clients are centrally Kibun group firms and related.
The sales volume for Mar/2011 fiscal term amounted to Yen 12,393 million,
a 7% up from Yen 11,565 million in the previous term. The operations continued in the red to
register Yen 36 million recurring loss and Yen 17 million net losses,
respectively, compared with Yen 43 million recurring loss and Yen 28 million
net losses, respectively, a year ago.
For the term that ended Mar 2012 the operations were projected to come
back to profitability to post Yen 30 million recurring profit and Yen 30
million net profit, respectively, on a 3% rise in turnover, to Yen 12,800 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Mar 1985
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 8,000
shares
Issued: 2,000 shares
Sum: Yen
100 million
Major shareholders (%):
Kibun Food Inc* (100)
*..Mfr of processed fish products, meat products, farm products at the
caption address, capital Yen 4,425 million, turnover Yen 67,927 million, net profit
Yen 157 million, employees 1,478, pres Masahito Hoashi
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Imports, exports
and wholesales: marine products (Surimi, fillet products, frozen fish), prepared
seafoods (salmon, cod, eel, crab, other), foodstuffs (grain, flour, seasoning
additives, dairy products), agricultural & livestock products (egg,
vegetables, edible oils, meat & poultry), packaging materials, other
(--100%)
Clients: [Mfrs, wholesalers]
Kibun Food, Kibun Chemifa, Tokai Denpun, other
No. of accounts: 1,000
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Kibun Foods USA, Hosho Holland, Kofco International, Pacific
Marine Products, Kibun Thailand, Olam International, Maviga Europe, Pacific
Fish Processing, Nissho Iwai Pulp & Paper, other.
Payment record:
Regular
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank
References:
Mizuho Bank (Tsukiji)
Mizuho Trust Bank (H/O)
Relations: Satisfactory
(In Million Yen)
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Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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12,800 |
12,393 |
11,565 |
13,601 |
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Recur.
Profit |
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30 |
-36 |
-43 |
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Net
Profit |
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30 |
-17 |
-28 |
98 |
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Total
Assets |
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3,336 |
3,156 |
3,290 |
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Current
Assets |
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3,298 |
3,126 |
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Current
Liabs |
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2,837 |
2,517 |
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Net
Worth |
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199 |
246 |
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Capital,
Paid-Up |
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100 |
100 |
100 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.28 |
7.16 |
-14.97 |
0.75 |
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Current Ratio |
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.. |
116.25 |
124.20 |
.. |
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N.Worth Ratio |
.. |
5.97 |
7.79 |
0.00 |
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R.Profit/Sales |
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0.23 |
-0.29 |
-0.37 |
.. |
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N.Profit/Sales |
0.23 |
-0.14 |
-0.24 |
0.72 |
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Return On Equity |
.. |
-8.54 |
-11.38 |
.. |
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Notes:
Forecast (or estimated) figures for the 31/03/2012 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.55.24 |
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UK Pound |
1 |
Rs.85.93 |
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Euro |
1 |
Rs.69.82 |
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 |
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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.