MIRA INFORM REPORT
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Report Date : |
16.03.2012 |
IDENTIFICATION DETAILS
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Name : |
TOP TRADING CO (FAR EAST) LTD |
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Registered Office : |
Seiko Bldg, 2-20-2 Saiwaicho Naniwaku
Osaka 556-0021 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
June 1970 |
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Com. Reg. No.: |
1200-01-039137
(Osaka-Naniwaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale
of meat, ham, sausages, vegetables, pies, dough |
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No. of Employees
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46 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 143.4 Million |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – 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 |
TOP TRADING CO (FAR EAST) LTD
Top Trading KK
Seiko Bldg, 2-20-2
Saiwaicho Naniwaku Osaka 556-0021 JAPAN
Tel:
06-6567-6616 Fax: 06-6567-6615
URL: http://www.toptrading.co.jp/
E-Mail address: info@toptrading.co.jp
Import,
wholesale of meat, ham, sausages, vegetables, pies, dough
Tokyo
Sapporo
Invercargill
(New Zealand), Lyon (France)
(subcontracted
to subsidiaries) (food processing)
TADASHI
NAKAZAWA, PRES Toshiro
Nakazawa, v pres
Nobuhide
Kohtake, mgn dir Shigeyuki
Shindo, dir
Kihachi
Umebayashi, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 7,873 M
PAYMENTS No Complaints CAPITAL Yen
52 M
TREND STEADY WORTH Yen
737 M
STARTED 1970 EMPLOYES 46
IMPORTER
& WHOLESALER SPECIALIZING IN MEAT & MEAT PRODUCTS, OTHER
FOODSTUFFS.
FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 143.4
MILLION, 30 DAYS NORMAL TERMS
The subject company was established by Tadashi Nakazawa with two
partners for importing lamb meat from New Zealand. In 1973, started importing jam &
solid-packed apple from New Zealand for restaurant use. This is a trading company for import and
wholesale of meats, meat products, vegetables, processed foods, confectionery
materials, other foodstuffs. Goods are
imported from Europe as main, other from Australia, New Zealand, USA, other. In 1990, started importing from Germany ham,
sausages, raw ham, other, followed by veal from USA & Australia. In 1995, started imports of veal from Europe. In 2001 opened Lyon Office in France. Regularly organizes gourmet trip to Europe,
Australia, New Zealand, USA, etc.
Clients include major meat packers, restaurants, other.
Financials are only partially disclosed.
The sales volume for Mar/2011 fiscal term amounted to Yen 7,873 million,
a 10% up from Yen 7,137 million in the previous term. Imports increased. Consumer spending came back to normal, as
compared with sluggish spending in the last term. The net profit was posted at Yen 80 million,
compared with Yen 65 million a year ago.
For the current term ending Mar 2012 the net profit is projected at Yen
85 million, on a 4% rise in turnover, to Yen 8,200 million. Imports of meat products continue
rising. Business is seen steadily
expanding.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit is estimated at Yen
143.4 million, on 30 days normal terms.
Date Registered: Jun 1970
Regd No.: 1200-01-039137 (Osaka-Naniwaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized: 160,000
shares
Issued: 105,000
shares
Sum: Yen 52.5
million
Major shareholders (%): Tadashi Nakazawa (62), Toshiro
Nakazawa (3), Shigeyuki Shindo (3), Noriyuki Shinagawa (2)
No. of shareholders: 50
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and wholesales meat, meat products, frozen
vegetables, confectionery mfg materials, chilled bread & cakes, other
foodstuffs (--100%).
(Handling Items):
Meat &
Products: Lamb, beef, veal, venison, poultries, ham, sausages, other;
Frozen Vegetables: cabbages,
artichoke, mushrooms, other from Bretagne (France);
Confectionery Mfg
Materials: pie/bread dough, fruits fillings, maroons, other;
Chilled Foods: chilled bread,
chilled pies, chilled cakes, cookies, other;
Chilled Processed
Foods: pizza, pasta, while sauces, other, chiefly from Italy.
Clients: [Meat packers,
restaurants, wholesalers, chain stores] Itoham Foods, Nippon Meat Packers, Iwase Esta Corp,
Nippon Access Inc, Uno Trading, Yoshida Sangyo, KK Gyucho, Amai Meat Co, Ikeden Corp,
other.
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Imports from Quality Foods, Tachiara Meat Co, Lamzy, Panavi, Jamco,
other from France, Italy, Germany, Hungary, Spain, New Zealand, Australia, USA,
other.
Domestically supplied from: Kanematsu Corp, Yuasa Trading Co, other.
Payment record: No Complaints
Location: Business area in
Osaka. Office premises at the caption
address are leased and maintained satisfactorily.
Bank
References:
Settsu Suite Shinkin Bank (Umeda)
Mizuho Bank (Namba)
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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8,200 |
7,873 |
7,137 |
7,770 |
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Recur.
Profit |
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Net
Profit |
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85 |
80 |
65 |
80 |
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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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737 |
681 |
635 |
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Capital,
Paid-Up |
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52 |
52 |
52 |
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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 |
4.15 |
10.31 |
-8.15 |
1.08 |
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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 |
1.04 |
1.02 |
0.91 |
1.03 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/03/2012 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.50.22 |
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UK Pound |
1 |
Rs.78.64 |
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Euro |
1 |
Rs.65.54 |
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.