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Report Date : |
19.05.2012 |
IDENTIFICATION DETAILS
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Name : |
ASAMIYA CO LTD |
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Registered Office : |
3-19-71 |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
March 1972 |
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Com. Reg. No.: |
(Osaka-Settsu) 008940 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacture of canned teas, canned coffee, mineral water, chocolate,
soy sauce |
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No. of Employees : |
2 |
RATING & COMMENTS
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MIRAs 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 : |
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 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 |
ASAMIYA CO LTD
REGD NAME: KK
Asamiya
MAIN OFFICE: 3-19-71
Torigai-Kami Settsu City Osaka-Pref 566-0062 JAPAN
Tel: 072-663-1126 Fax: 072-654-9051
URL: http//:www.asamiya.co.jp
E-mail: asamiya@asamiya.co.jp
Mfg of canned
teas, canned coffee, mineral water, chocolate, soy sauce
Tokyo (2), Okayama
(subsidiary: Asamiya Marketing Co Ltd)
(subsidiaries)
SOJI TANAKA, PRES
Hatsuko Kozuma,
dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 4,550 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
10 M
TREND SLOW WORTH Yen 1,070 M
STARTED 1972 EMPLOYES 2
MFR OF CANNED TEA,
COFFEE, MINERAL WATER, CONFECTIONERY
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR CREDIT ENGAGEMENTS: US$750,000 / O/A 90 DAYS
The subject company was established
by Soji Tanaka in order to make most of his experience in the subject line of
business. This is a specialized mfr of
mineral water, canned teas, canned coffee, health foods, other. Mfg is subcontracted to subsidiaries. Operates Asamiya Marketing Co Ltd to do
marketing & distribution. Clients
are specialty stores, wholesalers, other.
The sales volume for Mar/2011 fiscal
term amounted to Yen 4,550 million, a 2% down from Yen 4,642 million in the
previous term. This is referred to the
high Yen that hurt sales and profits in Yen terms. The recurring profit was posted at Yen 26
million and the net profit at Yen 14 million, respectively, compared with Yen
126 million recurring profit and Yen 69 million net profit, respectively, a
year ago. .
For the term that ended Mar 2012 the
recurring profit was projected at Yen 30 million and the net profit at Yen 15
million, respectively, on a 3% rise in turnover, to Yen 4,700 million. Final results are yet to be released.
The financial situation is
considered FAIR and good for ORDINARY business engagements.
Date Registered:
Mar 1972
Regd No.:
(Osaka-Settsu) 008940
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 80,000 shares
Issued: 20,000 shares
Sum: Yen 10 million
Major shareholders (%): Soji Tanaka
(95), Toshiko Tanaka (2.5), Hatsuko Kozuma (2.5)
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures
canned/bottled teas, canned coffee, mineral water, oolong teas, health foods,
confectionery, instant noodle, soy sauce, other (--100%)
Clients: [Specialty
stores, wholesalers] Asamiya Chiran Factory, Aomine Beverages, Fresh Oosumi
Kagoshima, Iwate Soy Sauce, Daikokuya, Azuma Chocolates, Miyama Meisui, Asamiya
Chiran Factory, Owase Meisui, Yuasa Meisui, other
No. of accounts:
300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesalers,
farmers] Daiichi Kinzoku Kogyo, Mie-Pref Federation of Economics, JA Chirancho,
Morinaga Milk Ind, Itochu Corp, Iwatani Corp, Dai-Ichi Metal Ind, Kyushu Daio
Paper Package, Oomi Daio Paper Package, other
Payment record: No Complaints
Location: Business area in
Settsu City, Osaka-Pref. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References:
MUFG (Ibaraki)
SMBC (Ibaraki)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
|
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Annual
Sales |
|
4,700 |
4,550 |
4,642 |
3,966 |
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Recur.
Profit |
|
30 |
26 |
126 |
147 |
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Net
Profit |
|
15 |
14 |
69 |
86 |
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Total
Assets |
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8,061 |
6,966 |
6,039 |
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Current
Assets |
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4,829 |
4,282 |
3,330 |
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Current
Liabs |
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2,158 |
2,342 |
2,308 |
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Net
Worth |
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1,070 |
1,055 |
986 |
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Capital,
Paid-Up |
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|
10 |
10 |
10 |
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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 |
3.30 |
-1.98 |
17.04 |
17.51 |
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Current Ratio |
|
.. |
223.77 |
182.84 |
144.28 |
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N.Worth Ratio |
.. |
13.27 |
15.14 |
16.33 |
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R.Profit/Sales |
|
0.64 |
0.57 |
2.71 |
3.71 |
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N.Profit/Sales |
0.32 |
0.31 |
1.49 |
2.17 |
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Return On Equity |
.. |
1.31 |
6.54 |
8.72 |
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Notes: Forecast
(or estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.87 |
|
|
1 |
Rs.86.46 |
|
Euro |
1 |
Rs.69.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 |
-- |
This score serves as a reference to assess SCs 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.