MIRA INFORM REPORT

 

 

Report Date :

15.06.2012

 

IDENTIFICATION DETAILS

 

Name :

N P & COMPANY INC

 

 

Registered Office :

Uno Bldg 3F, 2-4-14 Tokuicho Chuoku Osaka 540-0025

 

 

Country :

Japan

 

 

Financials (as on) :

30.09.2011

 

 

Date of Incorporation :

January 1977

 

 

Com. Reg. No.:

1200-01-022513 (Osaka-Chuoku)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Export of snack processing machinery, food packaging machinery; import, wholesale of food raw materials, seasoning

 

 

No. of Employees :

25

 

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 :

Moderate

Payment Behaviour :

Slow

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

 

N P & COMPANY INC

 

 

REGD NAME

 

N. P. Shokuhin KK

 

 

MAIN OFFICE

 

Uno Bldg 3F, 2-4-14 Tokuicho Chuoku Osaka 540-0025 JAPAN

Tel: 06-6941-8837      Fax: 06-6941-8867

 

URL:                 http://www.cc.rim.or.jp

E-Mail address:            nposk@cc.rim.or.jp

 

 

ACTIVITIES

 

Export of snack processing machinery, food packaging machinery; import, wholesale of food raw materials, seasoning, other

 

 

BRANCHES   

 

Tokyo

 

 

OVERSEAS

 

Singapore, Manila, Bangkok, Jakarta (--sales agents)

 

 

OFFICERS

 

SATOSHI SHIBAMURA, PRES

Osamu Nagai, dir

Atsushi Shibamura, dir

                       

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY    

 

FINANCES        FAIR                 A/SALES          Yen 500 M

PAYMENTS Slow                  CAPITAL           Yen 10 M

TREND SLOW              WORTH            Yen 47 M

STARTED         1977                 EMPLOYES      25

 

 

COMMENT    

 

EXPORTER OF SNACK PROCESSING MACHINERY, PACKING MACHINES.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

 

 

HIGHLIGHTS

           

The subject company was established originally in 1975 by Satoshi Shibamura for exporting food processing machines, on his account, and was incorporated in 1977.  This is a trading firm specializing in exporting snack processing machinery, food packaging machinery, other.  Also imports and wholesales food raw materials, food additives, seasoning, other.  Exports to Singapore, Philippines, Thailand, Indonesia, Sweden, other.

 

 

FINANCIAL INFORMATION

 

Financial are only partially disclosed as is the case with family-based companies.

 

The sales volume for Sept/2011 fiscal term amounted to Yen 500 million, a 9% down from Yen 550 million in the previous term.  Export revenues & profits were hurt by the high Yen, reducing revenues in Yen terms.  The net profit was posted at Yen 1 million, similarly in the previous term.

 

For the current term ending Sept 2012 the net profit is projected at Yen 1 million, on a 2% rise in turnover, to Yen 510 million.

 

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

 

 

REGISTRATION

 

Date Registered:            Jan 1977

Regd No.:          1200-01-022513 (Osaka-Chuoku)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         80,000 shares

Issued:                20,000 shares

Sum:                   Yen 10 million

 

Major shareholders (%): Satoshi Shibamura (100)

 

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

 

 

OPERATION

           

Activities: Exports snack processing machinery, packaging machinery, their attachments & parts; imports and wholesales food raw materials, seasoning, food additives, other (--100%)

 

Clients: [Mfrs, wholesalers] Exports to Singapore, Philippines, Thailand, Indonesia, Sweden, other. 

            No. of accounts: Unavailable

            Domestic areas of activities: Centered in greater-Osaka

 

Suppliers: [Mfrs, wholesales] Osaka Seiki Kosaku Co, Kawashima-Pack Co, Yamato Scale Co, Osa Machinery Co, other

 

Payment record: slow

 

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

 

Bank References:

MUFG (Ueroku)

SMBC (Umeda)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

　

　

30/09/2012

30/09/2011

30/09/2010

30/09/2009

Annual Sales

　

510

500

550

610

Recur. Profit

　

　

　

　

　

Net Profit

　

1

1

1

1

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

47

46

45

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.00

-9.09

-9.84

-7.99

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

0.20

0.20

0.18

0.16

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 30/09/2012 fiscal term.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.79

UK Pound

1

Rs.86.37

Euro

1

Rs.70.07

 

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.