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Report Date : |
29.06.2012 |
IDENTIFICATION DETAILS
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Name : |
FRONTIER FOODS CO LTD |
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Registered Office : |
1-52-1 Akabane Kitaku |
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Country : |
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Financials (as on) : |
31.10.2011 |
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Date of Incorporation : |
November
1997 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of raw materials for beverages &
foods |
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No. of Employees : |
02 |
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 : |
Slow |
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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
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
FRONTIER FOODS CO LTD
KK Frontier Foods
Matsushita Bldg
8F, 3-3-2 Kanda-Ogawamachi Chiyodaku
Tel:
03-6273-7592 Fax: 03-6841-5463
Registered at: 1-52-1 Akabane Kitaku
URL: http://www.frontierfoods.co.jp
E-Mail address: (thru the URL)
Import,
wholesale of raw materials for beverages & foods
Nil
SHUSAKU
HISAMOTO, PRES
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 300 M
PAYMENTS Slow
CAPITAL Yen 10 M
TREND SLOW WORTH Yen 39 M
STARTED 1997 EMPLOYES 2
TRADING FIRM SPECIALIZING IN RAW MATERIALS FOR FOOD.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by Shusaku Hisamoto in order to make most of his experience in the subject line of business. This is a family-based trading firm for import and wholesale of raw materials for food and beverages. Clients include food makers, wholesalers, other.
Financials are only partially disclosed.
The sales volume for Oct/2011 fiscal term amounted to Yen 300 million, a 6% down from Yen 320 million in the previous term. The net profit was posted at Yen 3 million, similarly in the previous term.
For the current term ending Oct 2012 the net profit is projected at Yen 3 million, on a 3% rise in turnover, to Yen 310 million.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements.
Date Registered: Nov 1997
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
800 shares
Issued:
200 shares
Sum: Yen 10 million
Major shareholders (%): Shusaku Hisamoto (100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and wholesales raw materials
for beverages & food (--100%)
Clients: [Mfrs, wholesalers] Tokyo Meiji Foods (30%), Ichirokudo Co, Hokuso Foods, other
No. of accounts: 100
Domestic areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Yokorei, Fukushoku, Trans Japan, other.
Payment record: Slow
Location:
Business area in
Bank References:
MUFG (Akabane-Ekimae)
Mizuho Bank (Akabane)
Relations:
Satisfactory
(In Million Yen)
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31/10/2012 |
31/10/2011 |
31/10/2010 |
31/10/2009 |
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Annual
Sales |
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310 |
300 |
320 |
380 |
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Recur.
Profit |
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Net
Profit |
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3 |
3 |
3 |
3 |
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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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39 |
36 |
33 |
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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 |
3.33 |
-6.25 |
-15.79 |
8.57 |
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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 |
0.97 |
1.00 |
0.94 |
0.79 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/10/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.56.92 |
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|
1 |
Rs.88.91 |
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Euro |
1 |
Rs.71.25 |
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.