MIRA INFORM REPORT

 

 

Report Date :

20.06.2012

 

IDENTIFICATION DETAILS

 

Name :

SAN EI GEN FFI INC

 

 

Registered Office :

1-1-11 Sanwamachi Chuoku Osaka 541-0046

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

September  1938

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Manufacturer of food, food materials, food ingredients, etc

 

 

No. of Employees :

560

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Good

Payment Behaviour :

Regular

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)

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 and address

 

SAN EI GEN FFI INC

REGD NAME:    San Ei Gen F. F. I. KK

MAIN OFFICE:  1-1-11 Sanwamachi Chuoku Osaka 541-0046 JAPAN

Tel: 06-6202-3751      Fax: 06-6202-3770

 

                        *.. The given address is its Osaka Factory

 

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

E-Mail address: (thru the URL)

 

 

ACTIVITIES

 

Mfg of food, food materials, food ingredients, other

 

BRANCHES

 

Tokyo, Nagoya, Sendai, Hiroshima, Fukuoka

 

OVERSEAS

 

USA, France, Hong Kong, UK, Peru, Brazil, China (--subsidiaries)

 

FACTORIES

 

Osaka, Shiga, Okayama; China (3)

 

 

OFFICERS

 

TAKASHIGE SHIMIZU, PRES     Yasuhiro Shimizu, rep dir

Yoshisuke Higashino, s/mgn dir  Yoshio Okano, mgn dir

Daisuke Takagi, mgn dir             Toshiharu Nakashima, mgn dir

                       

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY

 

FINANCES        FAIR                 A/SALES          Yen 72,925 M

PAYMENTS      REGULAR         CAPITAL           Yen 1,800 M

TREND UP                    WORTH            Yen 89,400 M

STARTED         1938                 EMPLOYES      560

 

 

COMMENT

 

MFR OF FOODS, FOOD INGREDIENTS, OTHER.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

                       

HIGHLIGHTS

           

            The subject company was established originally in 1911 by a certain Shimizu, on his account.  Incorporated in 1938 the firm has been succeeded by his descendants.  This is a specialized mfr of food, food ingredients, food materials, quasi-drugs, industrial chemicals, other.  Has 3 factories in China.  Goods are supplied to major food makers, confectionery makers, drug stores, other, nationwide.

 

 

FINANCIAL INFORMATION

           

            Financials are only partially disclosed.

 

The sales volume for Mar/2011 fiscal term amounted to Yen 72,925 million, a 12% up from Yen 65,217 million in the previous term.  Quasi-drugs were much in demand.  The net profit was posted at Yen 6,106 million, compared with Yen 5,187 million a year ago.

 

            For the term that ended Mar 2012 the net profit was projected at Yen 6,200 million, on a 3% rise in turnover, to Yen 75,000 million.  Final results are yet to be released. 

 

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

 

 

REGISTRATION

 

Date Registered:  Sept 1938

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         14 million shares

Issued:                3.6 shares

Sum:                   Yen 1,800 million

Major shareholders (%): Sansui KK, Takashige Shimizu, other (Breakdown unavailable)

No. of shareholders: 30

 

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

 

 

OPERATION

           

Activities:  Manufactures foods, food materials, food ingredients, confectionery materials, quasi-drugs, industrial chemicals, other (--100%)

 

Clients: Food makers, confectionery makers, chain stores, breweries, pharmaceutical makers, other 

No. of accounts: 500

Domestic areas of activities: Nationwide

Suppliers: Makers, wholesalers, other

 

Payment record: Regular

 

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

 

Bank References:

SMBC (Bingomachi)

MUFG (Osaka-Chuo)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

　

　

31/03/2012

31/03/2011

31/03/2010

31/03/2009

Annual Sales

　

75,000

72,925

65,217

68,225

Recur. Profit

　

　

　

　

　

Net Profit

　

6,200

6,106

5,187

814

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

89,400

83,294

78,107

Capital, Paid-Up

　

　

1,800

1,800

1,800

Div.P.Share(¥)

　

　

　

　

　

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.85

11.82

-4.41

-3.29

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

8.27

8.37

7.95

1.19

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/03/2012 fiscal term.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.01

UK Pound

1

Rs.87.85

Euro

1

Rs.70.54

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.