MIRA INFORM REPORT

 

 

Report Date :           

17.03.2012

 

IDENTIFICATION DETAILS

 

Name :

WILBUR-ELLIS CO (JAPAN) LTD

 

 

Registered Office :

Fukoku Seimei Bldg 22F, 2-2-2 Uchisaiwaicho Chiyodaku Tokyo 100-0011

 

 

Country :

Japan 

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

September 1950

 

 

Com. Reg. No.:

0100-01-011422 (Tokyo-Chiyodaku)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of chemicals, feeds, grains

 

 

No. of Employees :

48

 

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

 

Maximum Credit Limit :

Yen 166.2 Million

Status :

Satisfactory

Payment Behaviour :

No Complaints

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)

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

 

WILBUR-ELLIS CO (JAPAN) LTD

 

 

REGD NAME

 

Wilbur-Ellis KK

 

 

MAIN OFFICE

 

Fukoku Seimei Bldg 22F, 2-2-2 Uchisaiwaicho Chiyodaku Tokyo 100-0011 JAPAN

Tel: 03-5532-3131      Fax: 03-5532-3170

                                               

URL:                             http://www.weco.co.jp

E-Mail address:            (thru the URL)

 

 

ACTIVITIES  

 

Import, wholesale of chemicals, feeds, grains

 

 

BRANCHES

           

Osaka

 

 

OFFICERS

 

KIMIKATSU KANAI, PRES         Theodore L Eliot 3rd, rep dir       

Mitsuru Sueyoshi, dir                 Kazuhiko Katagiri, dir

                       

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    FAIR                             A/SALES          Yen 8,600 M

PAYMENTS                  No Complaints          CAPITAL           Yen 100 M

TREND             UP                                WORTH            Yen 2,100 M

STARTED                     1950                             EMPLOYES      48

 

 

COMMENT    

 

TRADING FIRM, OWNED BY WILBUR-ELLIS COMPANY (USA).

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 166.2 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Wilbur-Ellis Company, USA, as its marketing base in Japan.  This is a trading firm specializing in import and wholesale of chemicals, grains, feeds, other.  Goods are supplied from the USA parent and its group firms.  Clients include major paint makers, ink makers, Zen-Noh, other, nationwide.

 

 

FINANCIAL INFORMATION

 

Financial are consolidated by the USA parent and only partially disclosed.

 

The sales volume for Dec/2010 fiscal term amounted to Yen 8,600 million, a 23% up from Yen 7,000 million in the previous term.  Soybean price hike contributed.  The net profit was posted at Yen 260 million, compared with Yen 220 million a year ago.

 

For the term that ended Dec 2011 the net profit was projected at Yen 280 million, on a 10% rise in turnover, to Yen 9,500 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 166.2 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Sept 1950

Regd No.:         0100-01-011422 (Tokyo-Chiyodaku)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800,000 shares

Issued:             800,000 shares

Sum:                   Yen 100 million

Major shareholders (%): Wilbur-Ellis Company (USA) (100)

 

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

 

 

OPERATION

           

Activities: Imports and wholesales chemicals, feeds, grains, other (--100%)

 

(Handling Items):

 

Chemical Div: paints, coatings, pigment, inks, plastics, adhesives, sealant, cosmetics, metal processing oil, electronic materials;

 

Feedstuffs Div: animal feeds, fertilizers, feed additives, other;

 

Grain Div: soybean, soy grits, soy powder, defatted soy flour, white soy flake, soy protein isolates, other

 

Clients: [Mfrs, wholesalers] DIC Corp, Kansai Paint, Nippon Paint, Chugoku Marine Paints Dai Nippon Toryo, Toyo Ink Mfg, Zenrakuren, other

            No. of accounts: 500

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Wilbur-Ellis (15%), Continental Brothers (20%), Dow Chemical, BASF, AAFI, American Chemet Corp, other

 

Payment record: No Complaints

 

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

 

Bank References:

Mizuho Bank (Ginza)

MUFG (Kyobashi)

Relations: Satisfactory

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/12/2011

31/12/2010

31/12/2009

31/12/2008

Annual Sales

　

9,500

8,600

7,000

8,500

Recur. Profit

　

　

　

　

　

Net Profit

　

280

260

220

180

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

2,100

1,840

1,620

Capital, Paid-Up

　

　

100

100

100

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

10.47

22.86

-17.65

6.25

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

2.95

3.02

3.14

2.12

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/12/2011 fiscal term.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.31

UK Pound

1

Rs.79.04

Euro

1

Rs.65.82

 

 

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.