MIRA INFORM REPORT

 

 

Report Date :

02.01.2014

 

IDENTIFICATION DETAILS

 

Name :

KK SKM JAPAN

 

 

Registered Office :

YS Daini 5F, 2-47-7 Matsubara Setagsyaku Tokyo 156-0043

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

March 2006

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Imports and wholesales egg powder, egg products

 

 

No. of Employees :

08

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 


COMPANY NAME AND ADDRESS

 

KK SKM JAPAN

 

 

REGD NAME    

 

KK SKM Japan

 

 

MAIN OFFICE  

 

YS Daini 5F, 2-47-7 Matsubara Setagsyaku Tokyo 156-0043

Tel: 03-6304-73313     Fax: 03-5301-3888

 

URL:                 http:/www.skm.japan.jp

E-Mail address: (thru the URL)

 

 

 

ACTIVITIES     

 

Import, export, wholesale of egg powder, egg products

 

 

BRANCHES     

 

India

 

 

FACTORIES     

 

(mfr’d in India-SKM (India)

 

 

OFFICERS       

 

MASAMI OOI, PRES

Minami Ooi, dir

 

In million Yen, unless otherwise stated

 

 

SUMMARY       

 

FINANCES        FAIR                             SALES        Yen 1,176 M

PAYMENTS      SLOW BUT CORRECT   CAPITAL           Yen 10

TREND UP                                NET WORTH     Yen 44 m

STARTED         2006                             EMPLOYS      8

 

COMMENT      

 

TRADING FRIM SPECIALIZING IN EGG PRODUCTS.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

 

HIGHLIGHTS

           

The subject company was established by Masami Ooi in order to make most of his experience in the subject line of business.  This is a trading firm for importing and wholesaling egg power, egg products, other from SKM India (the largest egg producer in India).Clients include bakeries, confectioner makers, other

 

 

FINANCIAL INFORMATION

           

Financials are only partially disclosed.

 

The sales volume for Mar/2013 fiscal term amounted to Yen 1,176 million, a 30% up from Yen 907 million in the previous term.  Demand rose from confectionery and bakery makers.  The net profit was posted at Yen 7 million, compared with Yen 6 million a year ago.

 

For the current term ending Mar 2014 the net profit is projected at Yen 10 million, on a 5% rise in turnover, to Yen 1,230 million.  Business is seen expanding steadily

 

The financial situation is considered FAIR and good for ORDINARY business engagements. 

 

 

REGISTRATION

 

Date Registered:  Mar 2006

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800 shares

Issued:                200 shares

Sum:                   Yen 10 million

      Major shareholders (%): Masami Ooi (100))^

 

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

 

 

OPERATION

           

Activities: Imports and wholesales egg powder, egg products, other (--100%)^

 

Clients: [Mfrs, wholesalers] Orgsno Inc, Maruzen, Cupie Tamago (tamago is egg), Ajinomoto Inc, Oriental, other 

No. of accounts: 300

Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Imports from SKM (India)

 

Payment record: Slow but correct

 

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

 

Bank References:        MUFG (Sasazuka)

                                    SMBC (Hatagaya)

                                    Relations: Satisfactory

 

 

FINANCES

 

 (In Million Yen)

Terms Ending:

 

31/03/2014

31/03/2013

31/03/2012

31/03/2011

Annual Sales

 

1,230

1,176

907

912

Recur. Profit

 

..

..

..

..

Net Profit

 

10

7

6

7

Total Assets

 

 

N/A

N/A

N/A

Net Worth

 

 

44

37

31

Capital, Paid-Up

 

 

10

10

10

Div.P.Share(¥)

 

 

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

       S.Growth Rate

4.59

29.66

-0.55

-0.87

       Current Ratio

 

 

..

..

..

       N.Worth Ratio

 

..

..

..

       N.Profit/Sales

0.81

0.60

0.66

0.77

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/03/2014 fiscal term.

 


 

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.