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Report Date : |
10.05.2012 |
IDENTIFICATION DETAILS
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Name : |
SHOWA FOODS CO LTD |
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Registered Office : |
102-67 Kamioshimamachi Maebashi Gunma-Pref
379-2153 |
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Country : |
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Financials (as on) : |
29.02.2012 |
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Date of Incorporation : |
February 1972 |
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Com. Reg. No.: |
0700-01-001703
(Gunma-Maebashi) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale
of barbecued chicken, meatball, processed foods |
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No. of Employees : |
160 |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
SHOWA FOODS CO LTD
KK Showa Shokuhin
102-67
Kamioshimamachi Maebashi Gunma-Pref 379-2153
Tel:
027-261-0264 Fax: 027-261-0311
URL: http://www.yaki-tori.co.jp
E-mail: showa@yaki-tori.co.jp
Import,
wholesale of barbecued chicken, meatball, processed foods
Tokyo
Maebashi
(2), Gunma, Iwate (3)
Katsuyoshi
Akaishi, ch TAKAHITO
AKAISHI, PRES
Atsushi
Hagiwara, s/mgn dir Tomoyuki
Akaishi, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 11,098 M
PAYMENTS REGULAR CAPITAL Yen 80 M
TREND STEADY WORTH Yen
1,175 M
STARTED 1972 EMPLOYES 160
MFR
& PROCESSOR OF BARBECUED CHICKEN
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR CREDIT ENGAGEMENTS: CD$497,725.00
The subject company was established originally in 1967 by Katsuyoshi
Akaishi, on his account, for selling barbecued chicken (Yakitori in Japanese),
in Iwate-Pref. Incorporated in 1972 the
firm moved the Headquarters to the caption address. Takahito is his son, who assumed the pres
office in Mar 2009. This is processor of
barbecued chicken, chicken ball, cooked pork, sausages, other processed meat
products. Barbecued chicken is a
well-eaten food in Japan, particularly in pubs & snacks, eating in &
take-out. Operates 6 factories in
northern part of Japan. Clients include
major meat packers, wholesalers, other.
The sales volume for Feb 2011 fiscal term amounted to Yen 11,098
million, an almost similar amount in the previous term. Consumer spending was sluggish. Exports continued increasing. High Yen hurt sales earnings & profits in
Yen terms. The recurring profit was
posted at Yen 257 million and the net profit at Yen 146 million, respectively,
compared with Yen 205 million recurring profit and yen 103 million net profit,
respectively, a year ago.
For the term that ended Feb 2012 the recurring profit was projected at
Yen 260 million and the net profit at Yen 150 million, respectively, on a 4%
rise in turnover, to Yen 11,500 million.
Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Feb 1972
Regd No.: 0700-01-001703 (Gunma-Maebashi)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 640,000 shares
Issued: 160,000 shares
Sum: Yen 80
million
Major shareholders (%): Company’s Treasury Stock
(12.5), Shizuko Akaishi (12.2), Katsuyoshi Akaishi (12.1) Takahito Akaishi
(10.0), Tomoyuki Akashi (8.9)
No. of shareholders: 8
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures
& processes barbecued chicken, chicken ball, cooked pork, sausages, other
processed/cooked meat products (--100%).
Clients: [Meat packers,
wholesalers, restaurants] Itoham Foods Inc, Maruha Inc, Marudai Food Co,
Fooklink Corp, Marubeni Chikusan (Chikusan means meat products), Zen-Noh
Chicken Foods, Japan Food, Tochiku Ham, Takizawa Ham, other.
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Maruha Nichiro Meat & Products, Zen-Noh Chicken Foods,
Marubeni Chikusan, Itoham Foods Inc, Marudai Food, Fooklink Corp, Japan Food,
other
Payment record: Regular
Location:
Business area in Maebashi. Office
premises at the caption address are owned and maintained satisfactorily.
Bank References:
Ashikaga
Bank (Maebashi)
Resona
Bank (Maebashi)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
29/02/2012 |
28/02/2011 |
28/02/2010 |
28/02/2009 |
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Annual
Sales |
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11,500 |
11,098 |
11,008 |
13,719 |
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Recur.
Profit |
|
260 |
257 |
205 |
25 |
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Net
Profit |
|
150 |
146 |
103 |
6 |
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Total
Assets |
|
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3,477 |
3,272 |
3,312 |
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Current
Assets |
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2,558 |
2,369 |
2,407 |
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Current
Liabs |
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|
2,159 |
2,046 |
2,040 |
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Net
Worth |
|
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1,175 |
1,034 |
951 |
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Capital,
Paid-Up |
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|
80 |
80 |
80 |
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Div.P.Share(¥) |
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25.00 |
25.00 |
25.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.62 |
0.82 |
-19.76 |
7.46 |
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Current Ratio |
|
.. |
118.48 |
115.79 |
117.99 |
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N.Worth Ratio |
.. |
33.79 |
31.60 |
28.71 |
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R.Profit/Sales |
|
2.26 |
2.32 |
1.86 |
0.18 |
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N.Profit/Sales |
1.30 |
1.32 |
0.94 |
0.04 |
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Return On Equity |
.. |
12.43 |
9.96 |
0.63 |
|
Notes:
Forecast (or estimated) figures for the 28/02/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.46 |
|
UK Pound |
1 |
Rs.86.27 |
|
Euro |
1 |
Rs.69.40 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
---- |
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.