MIRA INFORM REPORT
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Report Date : |
17.03.2012 |
IDENTIFICATION DETAILS
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Name : |
COFCO JAPAN CO LTD |
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Registered Office : |
Seika Bldg 8F, 2-7-6 Nihombashi-Kayabacho
Chuoku Tokyo 103-0025 |
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Country : |
Japan |
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Financials (as on) : |
30.09.2011 |
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Date of Incorporation : |
March 1987 |
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Com. Reg. No.: |
0100-01-052135 (Tokyo-Chuoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale oils & fats, packed/canned, foods,
marine products, from China |
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No. of Employees
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10 |
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 38.4 Million |
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Status : |
Moderate |
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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
|
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 |
COFCO Japan Co Ltd
COFCO Japan KK
Seika Bldg 8F,
2-7-6 Nihombashi-Kayabacho Chuoku Tokyo 103-0025 JAPAN
Tel:
03-3668-7741 Fax: 03-3668-7745
URL: http://www.cofco.jp
E-Mail address: mailto.info@cofco.jp
Import,
wholesale oils & fats, packed/canned, foods, marine products, from China
Nil
Manila
(China)
TEKICHU
SHIN, PRES (Japanese pronunciation)
C Kan,
dir
R Gun,
ch
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 2,171 M
PAYMENTS No Complaints CAPITAL Yen
100 M
TREND SLOW WORTH Yen
273 M
STARTED 1987 EMPLOYES 10
IMPORTER OF CHINESE FOODS & VEGETABLES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 38.4 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by the investment of Churyou Group
Limited, the state-run food products enterprises, for the purpose of importing
Chinese products, as an overseas-affiliated company of Houchu Trading Co
Ltd. Renamed in 2004 as captioned. This is a trading firm specializing in import
and wholesale of: oils & fats, vegetable oils, packed/canned foods, stock
farm products, marine products, other.
Goods are imported from China (30%), Philippines, Brazil, other. Clients include chain stores, meat packers,
food chains, other.
Financial are consolidated by Churyou Group Limited, China, and only
partially disclosed.
The sales volume for Sept/2011 fiscal term amounted to Yen 2,171
million, a 5% down from Yen 2,293 million in the previous term. The firm terminated the import of soybean
oils and rapeseed oils, resulting in decreases sales volume. The operations continued in the red to
register Yen 36 million net losses for the term, compared with Yen 83 million a
year ago.
For the current term ending Sept 2012 the operations are projected to
come back to profitability but still limited to a minimum amount post-taxes, on
a 1% rise in turnover, to Yen 2,100 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 38.4 million, on 30 days normal terms.
Date Registered: Mar 1987
Regd No.: 0100-01-052135 (Tokyo-Chuoku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
8,000 shares
Issued: 2,000 shares
Sum: Yen 100 million
Major shareholders (%): Churyou Group Limited (China)
(100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and
wholesales foods: grain food, oils & fats, packed/canned foods, stock farm
products, marine products, other (--100%)
Clients: [Mfrs, wholesalers]
Itoham Foods Inc, Tokai Denpun Co, SSK Sales Co, Tanio Food Inc, Ryuho Co,
Marubeni Chikusan, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Churyou Group Ltd (30%), other.
Imports from China, Philippines, Brazil, other
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
SMBC
(Nihombashi-Higashi)
MUFG
(Toranomon)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
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30/09/2012 |
30/09/2011 |
30/09/2010 |
30/09/2009 |
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Annual
Sales |
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2,200 |
2,171 |
2,293 |
3,290 |
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Recur.
Profit |
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Net
Profit |
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0 |
-36 |
-83 |
-44 |
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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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273 |
309 |
392 |
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Capital,
Paid-Up |
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100 |
100 |
100 |
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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 |
1.34 |
-5.32 |
-30.30 |
-9.04 |
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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 |
0.00 |
-1.66 |
-3.62 |
-1.34 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 30/09/2012 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.50.31 |
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UK Pound |
1 |
Rs.79.04 |
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Euro |
1 |
Rs.65.82 |
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.