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Report No. : |
344715 |
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Report Date : |
10.10.2015 |
IDENTIFICATION DETAILS
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Name : |
SEIYU PROCUREMENT LTD |
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Registered Office : |
Seiyu Akabane Honkan 5F, 2-1-1 Akabane Kitaku Tokyo 115-0045 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
November 2005 |
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Com. Reg. No.: |
(Tokyo-Kitaku) 011430 |
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Legal Form : |
Liability Limited Company (Godo Kaisha) |
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Line of Business : |
Subject is engaged in Import and wholesale of foodstuffs,
apparel & accessories, household utensils, living fashion, garments,
daily necessities, general merchandise |
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No. of Employee : |
5 |
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 |
COMPANY NAME
SEIYU PROCUREMENT LTD
REGD NAME: KK
Seiyu Procurement
ADDRESS
Seiyu Akabane Honkan
5F, 2-1-1 Akabane Kitaku Tokyo 115-0045 JAPAN
Tel:
03-3598-2119 Fax: 03-3598-2126
URL: http://www.seiyu.co.jp (of the
parent, Seiyu GK)
E-Mail
address: (thru the URL)
ACTIVITIES
Import,
wholesale of supermarket commodities
BRANCHES
Nil
OFFICERS
GEOFF
SEASE, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 29,500 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 400 M
TREND UP WORTH Yen 2,336 M
STARTED 2005 EMPLOYES 5
COMMENT
TRADING
FIRM SPECIALIZING IN SUPERMARKETS COMMODITIES, OWNED BY SEIYU GK.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 473.0
MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The
subject company was established on the basis of procurement division separated
from Seiyu GK, supermarket chain operator, at the caption address. This is a trading firm, procurement division
of Seiyu GK, for importing and wholesaling foodstuffs, clothing, household
utensils, and general merchandise, others for exclusive supply to the
parent.
FINANCIAL INFORMATION
The
firm does not disclose sales figures except all other items in financial
statements, and the following figures have been estimated by outside sources.
The
sales volume for Dec/2014 fiscal term is estimated amounted to Yen 29,500
million, a 13% up from Yen 26,000 million in the previous term. The net profit was posted at Yen 148 million,
compared with Yen 124 million a year ago.
Net profits are disclosed.
For
the current term ending Dec 2015 the net profit is projected at Yen 155
million, on a 5% rise in turnover, to Yen 31,000 million.
The
financial situation is considered FAIR and good for ORDINARY business
engagements. Max credit limit is
estimated at Yen 473.0 million, on 30 days normal terms.
REGISTRATION
Date Registered: Nov 2005
Regd No.: (Tokyo-Kitaku)
011430
Legal Status: Liability Limited Company (Godo Kaisha)
Authorized: 32,000 shares
Issued:
8,000 shares
Sum: Yen
400 million
Major shareholders (%): Seiyu GK* (100)
*.. Supermarket
chain operator, at the caption address, owned by Wal-Mart Japan Holdings,
operating 346 chain stores nationwide, founded Apr 1963, capital Yen 100 million,
employees 17,249, pres Takeshi Kamigouchi
Nothing detrimental is known as
to the commercial morality of executives.
OPERATION
Activities:
Imports and wholesales foodstuffs, apparel & accessories, household
utensils, living fashion, garments, daily necessities, general merchandise,
others (--100%).
Goods are wholly supplied to the parent, Seiyu GK.
Clients: [Supermarket] Seiyu GK (100%)
No. of
accounts: 1 (346 chain stores)
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Suntory Foods,
Nichirei Foods, Nippon Milk Community, Asahi Shokuhin Kogyo, Yonekyu Co, Ito En
Ltd, Toho Lamac Co, Wahei Sangyo, Roy-Ne Co, Itochu Corp, other
Payment record: No
Complaints
Location:
Business area in Tokyo. Office premises at
the caption address are owned by the parent, Seiyu GK, and maintained
satisfactorily.
Bank References:
Mizuho
Bank (Ikebukuro)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/12/2015 |
31/12/2014 |
31/12/2013 |
31/12/2012 |
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Annual
Sales |
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31,000 |
29,500 |
26,000 |
27,000 |
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Recur.
Profit |
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Net
Profit |
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155 |
148 |
124 |
126 |
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Total
Assets |
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8,931 |
8,038 |
7,483 |
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Current
Assets |
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8,024 |
7,952 |
7,394 |
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Current
Liabs |
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6,585 |
5,841 |
5,419 |
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Net
Worth |
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2,336 |
2,188 |
2,063 |
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Capital,
Paid-Up |
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400 |
400 |
400 |
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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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(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
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5.08 |
13.46 |
-3.70 |
-18.18 |
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Current Ratio |
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.. |
121.85 |
136.14 |
136.45 |
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N.Worth Ratio |
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.. |
26.16 |
27.22 |
27.57 |
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R.Profit/Sales |
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.. |
.. |
.. |
.. |
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N.Profit/Sales |
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0.50 |
0.50 |
0.48 |
0.47 |
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Return On Equity |
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.. |
6.34 |
5.67 |
6.11 |
Notes:
The sales figures are estimated only as not disclosed. Profits are disclosed
Forecast
(or estimated) figures for the 31/12/2015 fiscal term.
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.