MIRA INFORM REPORT

 

 

Report Date :

20.03.2012

 

IDENTIFICATION DETAILS

 

Name :

PILLBOX JAPAN INC

 

 

Registered Office :

Forum Bldg 5F, 2-24-11 Minami-Aoyama Minatoku Tokyo 107-0062

 

 

Country :

Japan

 

 

Financials (as on) :

30.06.2010

 

 

Date of Incorporation :

July 2002

 

 

Com. Reg. No.:

0104-01-095232 (Tokyo-Minatoku)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale, retail of food supplements, health foods

 

 

No. of Employees :

5

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

Yen 9.0 Million

Status :

Small Company

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 30, 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 and address

 

PILLBOX JAPAN INC

REGD NAME:    Pillbox Japan KK

MAIN OFFICE:  Forum Bldg 5F, 2-24-11 Minami-Aoyama Minatoku Tokyo 107-0062 JAPAN

Tel: 03-6804-2002     

                                               

URL:                 http://www.pillboxjapan.com

E-Mail address: ec-info@pillboxjapan.com

 

 

ACTIVITIES

 

Import, wholesale, retail of food supplements, health foods

 

BRANCHES

 

Nil

 

OVERSEAS

 

USA (Parent company)

 

 

OFFICERS

 

TORU SUHARA, PRES

Sachiyo Kawamura, dir

Masamichi Hiramatsu, dir                                                          

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    FAIR                             A/SALES          Yen 490 M

PAYMENTS      NO COMPLAINTS          CAPITAL           Yen 100 M

TREND             SLOW                          WORTH            Yen 122 M

STARTED                     2002                             EMPLOYES      5

 

COMMENT

 

IMPORTER OF HEALTH FOODS, FOOD SUPPLEMENTS, OWNED BY

PILLBOX INC USA.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 9.0 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

            The subject company was established by Pillbox Inc, USA, as its marketing office in Japan.  This is a trading firm for import, wholesale and retail (online) of food supplements, health foods, beverages, other.  Goods are imported from USA parent and its group firms.  Goods are retailed online.  Clients include food supplement & health food wholesalers, other.

 

FINANCIAL INFORMATION

           

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

 

The sales volume for Jun/2010/2011 fiscal term amounted to Yen 490 million, a 6% up from Yen 464 million in the previous term.  The net profit was posted at Yen 6 million, compared with Yen 1 million a year ago.

 

            For the term that ended Jun 2011 the net profit is believed posted at Yen 6 million, on a 5% rise in turnover, to Yen 515 million.  Final results are not yet released. 

 

The financial situation is considered maintained FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 9.0 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Jul 2002

Regd No.:         0104-01-095232 (Tokyo-Minatoku)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         2,000 shares

Issued:                2,000 shares

Sum:                   Yen 100 million

Major shareholders (%): Toru Suhara (40), Orix Investment Capital 9 (20), Mizuho Capital (10)

No. of shareholders: 15

 

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

 

 

 

 

OPERATION

           

Activities: Imports, wholesales and retails (online) food supplements, health foods, beverages, others (--100%)

 

Clients: [Mfrs, wholesalers, consumers] PIP Co, PIP Fujimoto Co, Costco Wholesale Japan, Ryoshoku Ltd, Nippon Access Inc, other 

No. of accounts: 300

Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] Sankyo Co, Japan Jffy Foods Inc, Blistex Co, other

 

Payment record: No Complaints

 

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

 

Bank References:

Tokyo Tomin Bank (Shibuya)

SMBC (Shibuya-Ekimae)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

30/06/2011

30/06/2010

30/06/2009

30/06/2008

Annual Sales

　

515

490

464

485

Recur. Profit

　

　

　

　

　

Net Profit

　

6

6

1

4

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

122

116

115

Capital, Paid-Up

　

　

100

100

100

Div.P.Share(₯)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

5.10

5.60

-4.33

1.04

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

1.17

1.22

0.22

0.82

 

Notes: Financials are only partially disclosed.

Estimated figures for the 30/06/2011 fiscal term.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.12

UK Pound

1

Rs.79.37

Euro

1

Rs.66.00

 

 

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.