MIRA INFORM REPORT

 

 

Report Date :

29.06.2012

 

IDENTIFICATION DETAILS

 

Name :

ROYAL GREENLAND JAPAN LTD

 

 

Registered Office :

Higashi-Kayabacho Yuraku Bldg 8F, 1-17-25Shinkawa Chuoku Tokyo 101-0033

 

 

Country :

Japan

 

 

Financials (as on) :

30.09.2011

 

 

Date of Incorporation :

April 1995

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of fish products, smoked salmon, halibut

 

 

No. of Employees :

15

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

Regular

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

 

ROYAL GREENLAND JAPAN LTD

 

 

REGD NAME

 

KK Royal Greenland Japan

 

 

MAIN OFFICE

 

Higashi-Kayabacho Yuraku Bldg 8F, 1-17-25Shinkawa Chuoku Tokyo 101-0033, JAPAN

Tel: 03-3551-1130      Fax: 03-3551-2351

 

URL:                 http://www.royalgreenlan.com

E-Mail address:            (thru the URL)

 

ACTIVITIES

 

Import, wholesale of fish products, smoked salmon, halibut, other

 

 

BRANCHES

 

Nil

 

 

OFFICERS

 

TAKAAKI SHIMODA, PRES

                       

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES        FAIR                 A/SALES          Yen 7,213 M

PAYMENTS      REGULAR         CAPITAL           Yen 10 M

TREND UP                    WORTH            Yen 1,358 M

STARTED         1995                 EMPLOYES      15

 

COMMENT    

 

TRADING FIRM SPECIALIZING FISH PRODUCTS.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

 

 

HIGHLIGHTS

           

The subject company was established by Royal Greenland Seafood A/S (Denmark) as its marketing arm in Japan.  Imports and wholesale marine products, prawns (raw, cooked, shell-on, peeled), halibut, smoked salmon, other.  Goods are shipped to fish market, restaurants, and other nationwide

 

 

FINANCIAL INFORMATION

 

The sales volume for Sept/2011 fiscal term amounted to Yen 7,213 million, a 6% up from Yen 6,792 million in the previous term.  The recurring profit was posted at Yen 298 million and the net profit at Yen 165 million, respectively, compared with Yen 92 million recurring profit and Yen 54 million net profit, respectively, a year ago.

 

For the current term ending Sept 2012 the recurring profit is projected at Yen 290 million and the net profit at Yen 170 million, respectively, on a 4% rise in turnover, to Yen 7,500 million.

 

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

 

 

REGISTRATION

 

Date Registered:  Apr 1995

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800 shares

Issued:    200 shares

Sum:                   Yen 10 million

Major shareholders (%): Royal Greenland Seafood /S (100)

 

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

 

 

OPERATION

           

Activities: Imports and wholesales marine products, prawn, shrimp, halibut, smoked salmon, other (--100%)

 

Clients: Fish Markets, hotels, restaurants, other 

            No. of accounts: 300

            Domestic areas of activities: Nationwide

 

Suppliers: [Growers, wholesalers] Royal Greenland A/S

 

Payment record: Regular

 

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

 

Bank References:

Mizuho Bank (Shinkawa)

SMBC (Tokyo-Chuo)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

       Terms Ending:

30/09/2012

30/09/2011

30/09/2010

30/09/2009

Annual Sales

　

7,500

7,213

6,792

7,750

Recur. Profit

　

290

289

92

　

Net Profit

　

170

165

54

6

Total Assets

　

　

4,436

3,544

3,621

Current Assets

　

　

4,378

3,490

　

Current Liabs

　

　

2,980

2,263

　

Net Worth

　

　

1,358

1,192

1,138

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

　

　

　

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.98

6.20

-12.36

-10.92

    Current Ratio

 

..

146.91

154.22

..

    N.Worth Ratio

..

30.61

33.63

31.43

    R.Profit/Sales

 

3.87

4.01

1.35

..

    N.Profit/Sales

2.27

2.29

0.80

0.08

    Return On Equity

..

12.15

4.53

0.53

 

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

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.92

UK Pound

1

Rs.88.91

Euro

1

Rs.71.25

 

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.