MIRA INFORM REPORT

 

 

Report Date :

26.03.2012

 

IDENTIFICATION DETAILS

 

Name :

TOHO MARKETING SUPPORT CO LTD

 

 

Registered Office :

1-12-15 Nishi-Kujo Konohanaku Osaka 554-0012

 

 

Country :

Japan

 

 

Date of Incorporation :

February 2012

 

 

Com. Reg. No.:

1400-01-077702 (Kobe-Higashi-Nadaku)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of business-use foodstuffs, coffee

 

 

No. of Employees :

10

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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

 

TOHO MARKETING SUPPORT CO LTD

REGD NAME:    KK Toho Marketing Support

MAIN OFFICE:  1-12-15 Nishi-Kujo Konohanaku Osaka 554-0012 JAPAN

Tel: 06-4804-9336     

 

                        *.. Registered at 5-9 Koyocho-Nishi Higashi-Nadaku Kobe 658-0033

                                               

URL:                 http://www.to-ho.co.jp

E-Mail address: (thru the URL)

 

 

ACHTIVITIES

 

Import, wholesale of business-use foodstuffs, coffee

 

BRANCHES

 

Nil

 

FACTORIES  

 

(subcontracted)

 

 

OFFICERS

 

MIKIO YAMANAKA, PRES                                                        

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES        FAIR                             A/SALES                      Yen 1,500 M*

PAYMENTS                              NO COMPLAINTS          CAPITAL           Yen 100 M

TREND                                     UNDETD                       WORTH            Yen 100 M

STARTED         2004                             EMPLOYES      10

                        *.. Target figures for the initial one year term

 

COMMENT

 

TRADING FIRM SPECIALIZING IN FOODS, OWNED BY TOHO CO LTD.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: UNABLE TO BE ASSESSED DUE TO THE RECENT INCEPTION. 

MAX CREDIT LIMIT OF THE PARENT: YEN 3,649.7 MILLION, ON 30 DAYS NORMAL TERMS.

 

 

HIGHLIGHTS

           

            The subject company was established on the basis of a trading division separated from Toho Co Ltd (See REGISTRATION).   This is a trading firm for import and wholesale of food materials, foodstuffs, coffees, other, for business-use.  The food division of the parent accounts for 60% of total group sales.  Goods are wholly shipped to the parent for distribution to hotels, restaurants, chain stores, other, nationwide.

 

 

FINANCIAL INFORMATION

           

The sales are targeted at Yen 1,500 million for the initial one year term ending Dec/2012.

 

The financial situation is considered FAIR and good for ORDINARY business engagements, on the strength of the parent financial capacities.  Max credit limit is unable to be assessed due to the recent inception.  The max credit limit of the parent: Yen 3,649 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Feb 2012

Regd No.:         1400-01-077702 (Kobe-Higashi-Nadaku)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         8,000 shares

Issued:                2,000 shares

Sum:                   Yen 100 million

Major shareholders (%): Toho Co Ltd* (100)

 

*.. Largest business-use food mfr & wholesaler, Kobe, listed Tokyo, Osaka, Fukuoka S/E’s,

capital Yen 5,344 million, sales Yen 183,084 million, operating profit Yen 2,614 million, recurring profit Yen 2,981 million, net profit Yen 1,248 million, total assets Yen 73,562 million, net worth Yen 21,794 million, employees 1,938, pres Yuichi Ueno

Consolidated Financials are attached (See SUPPLEMENTS)

 

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

 

 

 

 

OPERATION

           

Activities: Imports and wholesales business use foods, food materials, coffee, other (--100%)

 

Clients: [Mfrs, wholesalers] Toho Food Service, Toho Store, Toho Business Service (--group firms), other

No. of accounts: 300

Domestic areas of activities: Nationwide

Suppliers: Mfrs, wholesalers, other (spot buying)

 

Payment record: No Complaints

 

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

 

Bank References:

                        SMBC (Kobe)

                        MUFG (Kobe)

                        Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

NOT AVAILABLE

 

 

SUPPLEMENTS

 

CONSOLIDATED FINANCIALS OF THE PARENT, TOHO CO LTD

FINANCES: (Consolidated in million yen)

 

　

　

Terms Ending:

31/01/2011

31/01/2010

INCOME STATEMENT

 

 

 

  Annual Sales

　

183,084

175,472

 

  Cost of Sales

147,827

141,046

 

      GROSS PROFIT

35,256

34,426

 

  Selling & Adm Costs

32,641

31,899

 

      OPERATING PROFIT

2,614

2,526

 

  Non-Operating P/L

317

332

 

      RECURRING PROFIT

2,931

2,858

　

      NET PROFIT

1,248

1,165

BALANCE SHEET

 

 

 

 

  Cash

　

4,565

4,185

 

  Receivables

 

12,422

13,384

 

  Inventory

 

8,393

7,811

 

  Securities, Marketable

558

515

 

  Other Current Assets

2,558

2,756

 

      TOTAL CURRENT ASSETS

28,496

28,651

 

  Property & Equipment

29,230

29,536

 

  Intangibles

 

1,656

1,662

 

  Investments, Other Fixed Assets

14,180

13,506

 

      TOTAL ASSETS

73,562

73,355

 

  Payables

 

20,182

19,770

 

  Short-Term Bank Loans

9,600

9,131

 

　

 

　

　

 

  Other Current Liabs

3,405

(5,904)

 

      TOTAL CURRENT LIABS

33,187

22,997

 

  Debentures

 

　

　

 

  Long-Term Bank Loans

16,792

18,067

 

  Reserve for Retirement Allw

259

171

 

  Other Debts

　

1,529

11,313

 

      TOTAL LIABILITIES

51,767

52,548

 

      MINORITY INTERESTS

 

 

 

Common stock

5,344

5,344

 

Additional paid-in capital

5,041

5,041

 

Retained earnings

11,499

10,776

 

Evaluation p/l on investments/securities

240

186

 

Others

 

33

13

 

Treasury stock, at cost

(363)

(554)

 

      TOTAL S/HOLDERS` EQUITY

21,794

20,806

　

      TOTAL EQUITIES

73,562

73,355

CONSOLIDATED CASH FLOWS

 

 

 

 

Terms ending:

31/01/2011

31/01/2010

 

Cash Flows from Operating Activities

　

3,281

2,887

 

Cash Flows from Investment Activities

-1,365

-511

 

Cash Flows from Financing Activities

-1,479

-865

　

Cash, Bank Deposits at the Term End

　

4,407

3,970

ANALYTICAL RATIOS            Terms ending:

31/01/2011

31/01/2010

 

 

Net Worth (S/Holders' Equity)

21,794

20,806

 

 

Current Ratio (%)

85.86

124.59

 

 

Net Worth Ratio (%)

29.63

28.36

 

 

Recurring Profit Ratio (%)

1.60

1.63

 

 

Net Profit Ratio (%)

0.68

0.66

 

 

Return On Equity (%)

5.73

5.60

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.90

UK Pound

1

Rs.80.77

Euro

1

Rs.67.40

 

 

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.