MIRA INFORM REPORT
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Report Date : |
07.03.2012 |
IDENTIFICATION DETAILS
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Name : |
NISSHOKU CO LTD |
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Registered Office : |
Nisshoku Bldg 4F, 9-10 Nozakicho Kitaku
Osaka 530-005 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
February 1955 |
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Com. Reg. No.: |
1206-01-068531 (Osaka-Kitaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, Export, Wholesale of foodstuffs, beer, wines,
whisky, other |
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No. of Employees
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213 |
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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Maximum Credit Limit : |
Yen 156.6 Million |
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Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
NISSHOKU CO LTD
KK Nisshoku
Nisshoku Bldg 4F,
9-10 Nozakicho Kitaku Osaka 530-005 JAPAN
Tel:
06-6313-1341 Fax: 06-6315-6503
URL: http://www.nisshoku-foods.co.jp
E-Mail address: marketing@nisshoku-foods.co.jp
Import,
export, wholesale of foodstuffs, beer, wines, whisky, other
Tokyo,
Sapporo, Hiroshima, Fukuoka, Sendai
MITSUTAKA
NAKAMURA, PRES
Kozo
Nakamura, v pres Tomohiro
Nakamura, s/mgn dir
Tetsuo
Akazawa, dir Fumio
Hosoi, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 8,506 M
PAYMENTS No Complaints CAPITAL Yen
200 M
TREND UP WORTH Yen 1,200 M
STARTED 1955 EMPLOYES 213
TRADING FIRM SPECIALIZING IN FOODSTUFFS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 156.6 MILLION, 30 DAYS NORMAL TERMS
This is a leading foodstuff wholesaler established by Kikuji Nakamura in
order to make most of his experience in the subject line of business. Present executives are his descendants. This is a trading firm specializing in
import, export and wholesale of foodstuffs: wines, beer, confectionary,
canned/bottled foods, jam, teas, coffees, other. Goods are imported mostly thru general
trading houses.
Financial are only partially disclosed as is the case with family-based
companies.
The sales volume for Jan/2011 fiscal term amounted to Yen 8,506 million,
a 4% up from Yen 8,212 million in the previous term. Wine imports increased. The net profit was posted at Yen 25 million,
compared with Yen 20 million a year ago.
For the term that ended Jan 2012 the net profit was projected at Yen 25
million, on a 5% rise in turnover, to Yen 8,950 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 156.6 million, on 30 days normal terms.
Date Registered: Feb 1955
Regd No.: 1206-01-068531 (Osaka-Kitaku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized:
1.6 million shares
Issued:
400,000 shares
Sum: Yen 200 million
Major shareholders (%): Mitsutaka Nakamura (Breakdown
unavailable)
No. of shareholders: 100
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports
and wholesales foodstuffs: confectionery, whiskies, beers, wines,
canned/bottled foods, jam, teas, coffees, other foodstuffs (--100%)
Clients: [Department stores,
chain stores, wholesalers] Mitsukoshi, Daimaru, Hanshin Department Store,
Takashimaya, Hankyu Department Store, Kinokuniya, Sony Plaza, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Itochu Shokuhin, Kokubu, Meidi-Ya, jardin Swire & Sons, Mitsui
& Co, other
Payment record: No
Complaints
Location:
Business area in Osaka. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References:
SMBC
(Dojima)
MUFG
(Umeda)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
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31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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8,950 |
8,506 |
8,212 |
8,495 |
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Recur.
Profit |
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Net
Profit |
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25 |
25 |
20 |
23 |
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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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1,200 |
1,185 |
1,155 |
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Capital,
Paid-Up |
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200 |
200 |
200 |
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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 |
5.22 |
3.58 |
-3.33 |
-0.06 |
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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 |
0.28 |
0.29 |
0.24 |
0.27 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/01/2012 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.50.03 |
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UK Pound |
1 |
Rs.79.32 |
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Euro |
1 |
Rs.66.02 |
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.