|
Report Date : |
23.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
INTER FRESH CO LTD |
|
|
|
|
Registered Office : |
3-3
Higashishinmachi Ikoma |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.09.2011 |
|
|
|
|
Date of Incorporation : |
May
1997 |
|
|
|
|
Com. Reg. No.: |
1500-01-005312
(Nara-Ikoma) |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Import,
wholesale of foodstuffs, confectionery |
|
|
|
|
No. of Employees : |
16 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INTER FRESH CO LTD
KK Inter Fresh
3-3
Higashishinmachi Ikoma Nara-Pref 630-0258 JAPAN
Tel:
0743-71-8811 Fax: 0743-71-8820
URL: http://www.interfresh.co.jp/
E-Mail address: k-inter@interfresh.co.jp
Import,
wholesale of foodstuffs, confectionery
Tokyo
Bangkok
(Thailand)
Yokohama,
Osaka
TOSHIYUKI
HIGASHIBATA, PRES
Yusuke
Higashibata, dir
Takeshi
Ogata, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 1,503 M
PAYMENTS No
Complaints CAPITAL Yen 10 M
TREND UP WORTH Yen 154 M
STARTED 1997 EMPLOYES 16
IMPORTER
AND WHOLESALER SPECIALIZING IN FOODSTUFFS & CONFECTIONERY.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by Toshiyuki Higashibata in order to make most of his experience in the subject line of business. This is a trading firm, owned and operated by the Higashibata family, specializing in import and wholesale of foodstuffs & confectionery from 17 countries world over. Imports from: Denmark, Italy, Tunisia, Turkey, Thailand, Sri Lanka, Indonesia, Argentine, USA, etc. (See OPERATION). Goods are branded “INTEREY” and shipped to confectionery mfrs, food processors, chain stores, specialized dealers, 100 Yen shops, etc nationwide. Legalized food indication under Japan Food Hygiene Association, Japanese Agricultural Standards Association, Weight & Measure, other. Also exports Japanese foods to overseas, mainly to S/E Asian countries.
Financials are only partially disclosed as from the Sept/2009 fiscal term.
The sales volume for Sept/2011 fiscal term amounted to Yen 1,503 million, a 5% up from Yen 1,435 million in the previous term. Exports of Japanese foods increased. Imports of confectionery materials also increased. The net profit was posted at Yen 17 million, compared with Yen 18 million net losses a year ago.
For the current term ending Sept 2012 the net profit is projected at Yen 20 million, on a 3% rise in turnover, to Yen 1,550 million.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: May 1997
Regd No.: 1500-01-005312 (Nara-Ikoma)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
800 shares
Issued:
200 shares
Sum: Yen 10 million
Major shareholders (%): Toshiyuki Higashibata (70),
Kazuko Higashibata (10), Yusuke Higashibata (10), Tsuguo Higashibata (10)
No. of shareholders: 4
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and wholesales confectionery & foodstuffs from: Denmark (cookies, chocolates, oats & chocolate chips); Italy (spaghetti, pasta, olive pomace oil, virgin oil, canned whole & chopped tomatoes); Turkey (tomato ketchup); Tunisia (olive oil, canned sardine in olive & vegetable oils); Egypt (corn flakes, sugar cane); Argentine (sunflower oil); Sri Lanka (Ceylon teas & other teas in teabags & tins); Thailand (chili sauce, oyster sauce, Tom Yum sauce, canned cream corn, coconut milk, tropical fruit cocktail); Vietnam (rice paper); Indonesia (canned crabmeat); Australia (low-alcohol beer); USA (instant mashed potato), other (--100%).
Exports Japanese seaweeds, food supplement, dietary foods, and other foodstuffs, too. (Import 80%, export 20% -- all about).
Clients: [Food processors, chain stores, 100 Yen shops] Kobe Bussan (40%), Seri Co, Tokyu Hands, Watts Co, Can Do Co, Don Quijote Co, Daikokuten Bussan Co, other.
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Imports from Denmark, Italy, Tunisia, Turkey, Egypt, Thailand, Indonesia, Sri Lanka, New Zealand, Argentine, USA, etc.
For exports, supplied from Kanetomi Trading, Meidi-Ya, Makoto Shokai, Hachi Foods, other.
Payment record: No Complaints
Location: Business area in Ikoma City, Nara-Pref. Office premises at the caption address are owned and maintained satisfactorily.
Bank References:
Resona Bank (Namba)
Mizuho Bank (Ikoma)
Relations:
Satisfactory
(In Million Yen)
|
|
|
30/09/2012 |
30/09/2011 |
30/09/2010 |
30/09/2009 |
|
Annual
Sales |
|
1,550 |
1,503 |
1,435 |
1,459 |
|
Recur.
Profit |
|
|
|
|
|
|
Net
Profit |
|
20 |
17 |
-18 |
48 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
154 |
137 |
155 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.13 |
4.74 |
-1.64 |
5.19 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
1.29 |
1.13 |
-1.25 |
3.29 |
|
Notes:
Financials are only partially disclosed as from the 30/09/2009 fiscal term.
Forecast
(or estimated) figures for the 30/09/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.88 |
|
UK Pound |
1 |
Rs.86.84 |
|
Euro |
1 |
Rs.70.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.