MIRA INFORM REPORT
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Report Date : |
30.03.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
SAMIOH FOODS CO LTD |
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Registered Office : |
Kokuryu Shibakoen Bldg 6F, 2-6-15 Shibakoen Minatoku |
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Country : |
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Financials (as on) : |
30.09.2011 |
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Date of Incorporation : |
February
1983 |
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Com. Reg. No.: |
0104-01-011230 (Tokyo-Minatoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale
of broiler, pork |
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No. of Employees
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53 |
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 484.6 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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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 |
SAMIOH FOODS CO LTD
Samioh Shokuhin KK
Kokuryu Shibakoen
Bldg 6F, 2-6-15 Shibakoen Minatoku
Tel:
03-3432-3301 Fax: 03-3432-3321
E-Mail address: info@samioh.co.jp
Import,
wholesale of broiler, pork
ISAO
MINAMI, PRES Mataji
Ohashi, adv
Norio Saitoh, dir Tetsuya Ueda, dir
Koji Nishizawa, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 28313 M
PAYMENTS No
Complaints CAPITAL Yen 96 M
TREND UP WORTH Yen 3,296 M
STARTED 1983 EMPLOYES 53
TRADING FIRM SPECIALIZING IN BROILER & PORK.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 484.6 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by Mataji Ohashi in order to make
most of his experience in the subject line of business. This is a trading firm specializing in import
and wholesale of broiler, pork, processed foods, other. Imports from meat packers in
The sales volume for Sept/2011 fiscal term amounted to Yen 28,313
million, a 2% up from Yen 27,683 million in the previous term. The recurring profit was posted at Yen 170
million and the net profit at Yen 105 million, compared with Yen 268 million
recurring profit and Yen 157 million net profit, respectively, a year ago.
For the current term ending Sept 2012 the recurring profit is projected
at Yen 175 million and the net profit at Yen 110 million, respectively, on a 1%
rise in turnover, to Yen 28,600 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 484.6 million, on 30 days normal terms.
Date Registered: Feb 1983
Regd No.: 0104-01-011230 (Tokyo-Minatoku) M
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
7,680 shares
Issued: 1,920 shares
Sum: Yen 96 million
Major shareholders (%): Mataji Ohashi (23.9), Isao Minami (12.3), Hirohisa Shirai (1), Yutaka Akiyoshi (1), Sumikin Bussan (1)
No. of shareholders: 22
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and wholesales broiler (90%),
pork, processed foods (--10%).
Clients: [Restaurants,
food processors] Skylark Restaurant, Joyfull Co, Ryoshoku Ltd, Hannan Corp,
Mitsubishi Shokuhin Co, other
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Meat packers,
wholesalers] Brasil Foods SA, Marfrig SA, Diplomata SA, Sumikin Bussan, other.
Imports from
Payment record: No Complaints
Location: Business area in
Bank
References:
Mizuho Bank (Shinagawa)
MUFG (Azabu)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
30/09/2012 |
30/09/2011 |
30/09/2010 |
30/09/2009 |
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Annual
Sales |
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28,600 |
28,313 |
27,683 |
32,943 |
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Recur.
Profit |
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175 |
170 |
268 |
39 |
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Net
Profit |
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110 |
105 |
157 |
50 |
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Total
Assets |
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14,922 |
15,202 |
15,041 |
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Current
Assets |
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13,671 |
13,944 |
1,748 |
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Current
Liabs |
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11,181 |
11,757 |
11,670 |
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Net
Worth |
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3,296 |
3,190 |
3,033 |
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Capital,
Paid-Up |
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96 |
96 |
96 |
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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 |
1.01 |
2.28 |
-15.97 |
-10.67 |
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Current Ratio |
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.. |
122.27 |
118.60 |
14.98 |
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N.Worth Ratio |
.. |
22.09 |
20.98 |
20.16 |
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R.Profit/Sales |
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0.61 |
0.60 |
0.97 |
0.12 |
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N.Profit/Sales |
0.38 |
0.37 |
0.57 |
0.15 |
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Return On Equity |
.. |
3.19 |
4.92 |
1.65 |
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Notes:
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.51.15 |
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UK Pound |
1 |
Rs.81.41 |
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Euro |
1 |
Rs.68.22 |
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.