MIRA INFORM REPORT

Report No. :	341455
Report Date :	19.09.2015

IDENTIFICATION DETAILS

Name :	TOKAI DENPUN CO LTD
Registered Office :	24-15 Temma-cho, Shizouka-shi, Shizuoka 4200858
Country :	Japan
Financials (as on) :	June 2014
Date of Incorporation :	11.08.1947
Legal Form :	Company Limited
Line of Business :	Trader of Food Products.
No. of Employee :	620

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 :	Good
Payment Behaviour :	Regular
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 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
Japan	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

JAPAN ECONOMIC OVERVIEW

In the years following World War II, government-industry cooperation, a strong work ethic, mastery of high technology, and a comparatively small defense allocation (1% of GDP) helped Japan develop an advanced economy. Two notable characteristics of the post-war economy were the close interlocking structures of manufacturers, suppliers, and distributors, known as keiretsu, and the guarantee of lifetime employment for a substantial portion of the urban labor force. Both features are now eroding under the dual pressures of global competition and domestic demographic change. Scarce in many natural resources, Japan has long been dependent on imported raw materials. Since the complete shutdown of Japan’s nuclear reactors after the earthquake and tsunami disaster in 2011, Japan's industrial sector has become even more dependent than it was previously on imported fossil fuels. A small agricultural sector is highly subsidized and protected, with crop yields among the highest in the world. While self-sufficient in rice production, Japan imports about 60% of its food on a caloric basis. For three decades, overall real economic growth had been impressive - a 10% average in the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth slowed markedly in the 1990s, averaging just 1.7%, largely because of the aftereffects of inefficient INVESTMENT and an asset price bubble in the late 1980s that required a protracted period of time for firms to reduce excess debt, capital, and labor. Modest economic growth continued after 2000, but the economy has fallen into recession four times since 2008. Government stimulus spending helped the economy recover in late 2009 and 2010, but the economy contracted again in 2011 as the massive 9.0 magnitude earthquake and the ensuing tsunami in March of that year disrupted manufacturing. The economy has largely recovered in the four years since the disaster, although reconstruction in the affected Tohoku region has lagged, in part due to a shortage of labor in the construction sector. Japan enjoyed a sharp uptick in growth in 2013 on the basis of Prime Minister Shinzo Abe’s “Three Arrows” economic revitalization agenda - dubbed “Abenomics” - of monetary easing, “flexible” fiscal policy, and structural reform. Abe’s government has replaced the preceding administration’s plan to phase out nuclear power with a new policy of seeking to restart nuclear power plants that meet strict new safety standards, and emphasizing nuclear energy’s importance as a base-load electricity source. Japan joined the Trans-Pacific Partnership (TPP) negotiations in 2013, a pact that would open Japan's economy to increased foreign competition and create new export opportunities for Japanese businesses. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2014 stood as the fourth-largest economy in the world after first-place China, which surpassed Japan in 2001, and third-place India, which edged out Japan in 2012. While seeking to stimulate and reform the economy, the government must also devise a strategy for reining in Japan's huge government debt, which amounts to more than 230% of GDP. To help raise government revenue, Japan adopted legislation in 2012 to gradually raise the consumption tax rate to 10% by 2015, beginning with a hike from 5% to 8% implemented in April 2014. That increase had a contractionary effect on GDP, however, so PM Abe in late 2014 decided to postpone the final phase of the increase until April 2017 to give the economy more time to recover. Led by the Bank of Japan’s aggressive monetary easing, Japan is making progress in ending deflation, but demographics - low birthrate and an aging, shrinking population - pose major long-term challenges for the economy.

Source : CIA

Company Details

Country	:	Japan
Business Entity Name	:	TOKAI DENPUN CO LTD ^(1)
Operating Address	:	24-15 Temma-cho, Shizouka-shi, Shizuoka 4200858
Tel	:	[+81] 54-2530934
	:	[+81] 54-2531181
Fax	:	[+81] 54-2538053
	:	[+81] 54-2050186
Email	:	info@tdc-net.co.jp
Website	:	http://www.tdc-net.co.jp
Primary Business Activity	:	Trader
Primary Industry	:	Food Products

Key Facts

Registered Legal Address

:

24-15 Temma-cho, Shizouka-shi, Shizuoka 4200858

Name History

:

Business Entity Name	Effective Date
TOKAI DENPUN INDUSTRY CO LTD	n/a
TOKAI CHEMICAL INDUSTRY	11 Aug, 1947
TOKAI DENPUN CO LTD	Jun, 1950

License Number

:

0800-01-003502

Date of Registration

:

11 Aug, 1947

Issuing Authority

:

Legal Affairs Bureau, Ministry of Justice - National

Legal Form - Category

:

Private Company with Limited Liability

Legal Form

:

Company Limited

Legal Form - Abbreviation

:

CO LTD

License Status

:

License exists - Normal.

Operational Status of Business

:

Normal

Employees

:

620

Capital

:

n/a ⁽²⁾

Note:

⁽¹⁾ Legal status of the English corporate name
The English name of the Subject Business Entity (SBE) is a randomly selected translation / transliteration made by the owners of the SBE. It is not a registered English corporate name, but simply a translation / transliteration of the local language name.

⁽²⁾ Not applicable.

Based on the current corporate laws of Japan there is no longer a requirement for Authorized Capital.

Adverse Data

Results

:

Total of  0  record found.

Financials - Summary 

(Currency: USD - US Dollar)

Year	Turnover	Assets	Net Income
2012 Annual	1,438,764,016	515,305,277	17,299,299
2013 Annual	1,185,772,536	429,273,546	11,175,123
2014 Annual	1,106,624,985	370,485,289	12,584,159

Sales Trend – Analysis

2005	2006	2007	2008	2009	2010	2011	2012	2013	2014
-	-	-	-	-	-	-	-

Key Person

Legal Title	:	Chairman
Name	:	Mr. Kenji Jinno
Local Name	:	神野建二
Registered Address	:	1-20-30 Ando Aoi-ku, Shizouka-shi, Shizuoka 4200882
Nationality	:	Japanese

Primary Products

Products / Materials / Services Description	Activity
Agricultural products	Trading
Bamboo	Trading
Bamboo shoots	Trading
Beef	Trading
Bonito	Trading

Commercial Credit Inquiries

Date of Inquiry	Industry in which Inquirer Operates	Credit Type (* / **)	Credit Amount	Period
18 Sep, 2015	Professional Services	MRC	USD 20,000,000	90 days
27 Sep, 2005	Computer & Information Products	ISC	USD 4,000,000	90 days
10 Nov, 2004	Computer & Information Products	ISC	USD 4,000,000	90 days
16 Oct, 2002	Professional Services	ISC	USD 4,000,000	90 days

Note:
MRC	:	Max. Recommended Credit amount
ISC	:	Inquirer Specified Credit amount

Fullcheck Report Details

Country	:	Japan
Business Entity Name	:	TOKAI DENPUN CO LTD
Primary Business Activity	:	Trader
Primary Industry	:	Food Products
Office Contact Details
Operating Address	:	24-15 Temma-cho, Shizouka-shi, Shizuoka 4200858
Tel	:	[+81] 54-2530934
	:	[+81] 54-2531181
Fax	:	[+81] 54-2538053
	:	[+81] 54-2050186
Email	:	info@tdc-net.co.jp
Website Details
Website	:	http://www.tdc-net.co.jp/
Status	:	Normal - operational
Country of Registration	:	Japan
Ownership Type	:	Registered ownership by Subject Business Entity

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Agricultural Production-Crops	0100	Trading
Animal and marine fats and oils	2077	Trading
Beet and cane sugar, molasses, and byproducts	2062	Trading
Canned and cured fish and seafoods	2091	Trading
Canned fruits, vegetables, preserves, jams, and jellies	2033	Trading
Cereal breakfast foods	2043	Trading
Chicken Eggs	0252	Trading
Coat/Laminate Paper Packaging	2671	Trading
Corn	0115	Trading
Dairy Products	5143	Trading

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Animal or vegetable fats, oils & waxes	1500	Trading
Articles for the conveyance or packing of goods,etc,of plastic,nesoi	3923900000	Trading
Articles of milk and cream (sugar confectionery)	1704904090	Trading
Bamboo shoots, prepared or preserved otherwise than by vinegar or acetic acid, in airtight containers, not frozen	2005906000	Trading
Beans (vigna spp., phaseolus spp.), fresh or chilled	0708209000	Trading
Beef cuts, high-quality, with bone in, processed, fresh or chilled	0201202000	Trading
Beef sausages and similar products, food preparations based on these products, in airtight containers nesoi	1601004090	Trading
Beef sausages and similar products, food preparations based on these products, in airtight containers, canned	1601004010	Trading
Beverages, spirits & vinegar	2200	Trading
Cane or beet sugar & chem pure sucrose, solid form	1701	Trading

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

Products / Materials / Services Description	Ranking	Activity
Broad beans	Primary	Trading
Canned foods	Primary	Trading
Canned sardines	Primary	Trading
Cereals	Primary	Trading
Chicken	Primary	Trading
Corn products	Primary	Trading
Corn salad oils	Primary	Trading
Corns	Primary	Trading
Crabs	Primary	Trading
Cuttlefish	Primary	Trading

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of TOKAI DENPUN CO LTD is Trading - General products.

Key products include :

· Mushrooms

· Octopus

· Oil

· Oil & fats

· Packing materials

· Peas

· Pork

· Pork products

· Rice

· Rice products

· Roasted eel

· Salad oil

· Sardines

· Seasonings

· Seaweeds

· Shellfish

· Shellfish products

· Shrimps

· Soybeans

· Starch products

· Starches

· Stock farm products

· Stock firm products

· Sugar

· Tuna

· Tuna bonito

· Agricultural products

· Bamboo

· Bamboo shoots

· Beef

· Bonito

· Broad beans

· Canned foods

· Canned sardines

· Cereals

· Chicken

· Corn products

· Corn salad oils

· Corns

· Crabs

· Cuttlefish

· Dairy products

· Dried fruits

· Dried marine products

· Dried vegetables

· Edible fats

· Edible fats & oils

· Edible mushrooms

· Edible seaweeds

· Eels

· Eggs

· Fats

· Feedstuff

· Fertilizers

· Flour

· Flour products

· Food additives

· Food products

· Food starches

· Foodstuffs

· Fresh fish

· Fresh marine products

· Fresh shellfishes

· Fresh vegetables

· Frozen fish

· Frozen marine products

· Frozen seafoods, atka mackarel

· Frozen shellfish

· Frozen vegetables

· Green peas

· Green tea

· Kidney beans

· Liquors

· Live eels

· Lobsters

· Mackarel

· Marine products

· Mashed fishes

Supplementary Business

In addition to the core business, TOKAI DENPUN CO LTD also is engaged in the following areas of business:

1. Exporting

· Exporting - Finished products

2. Importing

· Importing - Finished products

DOMESTIC SALES & PURCHASES

Annual Sales Analysis	Percentage
Domestic Sales	60%
International Sales (Export)	40%

Annual Purchases Analysis	Percentage
Local Purchases	70%
Imports	30%

COMPANY MANAGEMENT

Management Listings

	Name	Nationality	Job Description	Dept. / Division
1	Mr. Ichiro Arakawa	Japanese	Auditor	-
2	Mr. Hiroyuki Furuchi	Japanese	Auditor	-
3	Mr. Atsushi Hasegawa	Japanese	Auditor	-
4	Mr. Kenji Jinno	Japanese	Chairman	-
5	Mr. Ikuo Minami	Japanese	Managing Director	-
6	Mr. Kenji Mori	Japanese	President	-
7	Mr. Kaoru Oba	Japanese	Managing Director	-

Management Details - 1

Personal Unique Identifier	:	MI03903814
Name	:	Mr. Ichiro Arakawa
Name in local language	:	荒川一郎

Management Details - 2

Personal Unique Identifier	:	MI03903815
Name	:	Mr. Hiroyuki Furuchi
Name in local language	:	古知弘行

Management Details - 3

Personal Unique Identifier	:	MI03903816
Name	:	Mr. Atsushi Hasegawa
Name in local language	:	長谷川厚

Management Details - 4

Personal Unique Identifier	:	MI00930853
Name	:	Mr. Kenji Jinno
Name in local language	:	神野建二
Registered address	:	1-20-30 Ando Aoi-ku Shizouka-shi Shizuoka 4200882
Country of Residence	:	Japan

Management Details - 5

Personal Unique Identifier	:	MI03903801
Name	:	Mr. Ikuo Minami
Name in local language	:	南幾雄

Management Details - 6

Personal Unique Identifier	:	MI03903805
Name	:	Mr. Kenji Mori
Name in local language	:	森憲二
Date of Birth	:	2 Nov, 1959
Registered address	:	3-4-8-6 Kasuga Aoi-ku Shizouka-shi Shizuoka 4200823
Country of Residence	:	Japan

Management Details - 7

Personal Unique Identifier	:	MI03903806
Name	:	Mr. Kaoru Oba
Name in local language	:	大場薫

FINANCIALS - SUMMARY 

(Currency: USD - US Dollar)

Year	Turnover	Assets	Net Income
1998 Annual	1,300,573,016	n/a	9,628,130
1999 Annual	1,484,566,389	n/a	12,737,913
2000 Annual	1,328,227,000	319,340,238	12,692,567
2001 Annual	1,145,577,152	321,610,472	3,835,327
2002 Annual	1,167,479,675	n/a	10,085,602
2003 Annual	1,183,809,034	347,441,502	7,679,781
2004 Annual	1,115,403,670	375,678,899	20,366,972

CAPITAL 

(Currency: JPY - Japanese Yen)

No. of Authorized Shares	:	40,000,000
Paid-up Capital	:	¥ 781,819,998

Date	Paid-up Capital - History
11 Aug, 1947	198,000
Aug, 1997	781,819,998

FINANCIAL STATEMENT – DETAILED

BALANCE SHEET

Currency	:	JPY
Denomination	:	1
Financial Year Ending	:	June

Financial Highlights	2012 Annual	2013 Annual	2014 Annual
Total Liabilities(*)	14,767,283,000	14,322,986,000	12,633,777,000
Assets
Current Assets(*)	39,328,829,000	39,924,647,000	38,212,690,000
Total Assets(*)	44,135,897,000	44,640,156,000	43,921,031,000
Non Current Assets(*)	4,807,068,000	4,715,509,000	5,708,341,000
Liabilities
Non Current Liabilities(*)	1,164,725,000	942,838,000	696,244,000
Current Liabilities(*)	13,602,558,000	13,380,148,000	11,937,533,000
Shareholders Funds(*)	29,368,614,000	30,317,170,000	31,287,254,000
Current assets	39,328,829,000	39,924,647,000	38,212,690,000
Cash & Equivalents	4,235,197,000	7,105,259,000	4,989,860,000
Accounts Receivable	20,887,055,000	20,437,591,000	19,783,670,000
Inventories	12,859,485,000	10,941,555,000	12,621,886,000
Deferred Tax Assets	-	-	251,726,000
Advance payments-trade	1,006,245,000	1,100,296,000	474,295,000
Other Assets	29,188,000	84,591,000	107,792,000
Non Current Assets	4,807,068,000	4,715,509,000	5,708,341,000
Tangible Fixed Assets	2,144,285,000	2,152,080,000	2,036,110,000
Intangible Fixed Assets	75,792,000	76,559,000	66,183,000
Investments & Other Assets	2,586,991,000	2,486,870,000	3,606,048,000
Total assets	44,135,897,000	44,640,156,000	43,921,031,000
Current liabilities	13,602,558,000	13,380,148,000	11,937,533,000
Accounts Payable	11,037,409,000	10,934,204,000	10,048,730,000
Outstanding Accounts	847,095,000	804,859,000	696,884,000
Outstanding Taxes	798,586,000	656,846,000	316,463,000
Other Current Liabilities	919,468,000	984,239,000	875,456,000
Non Current Liability	1,164,725,000	942,838,000	696,244,000
Bonds	51,362,000	53,502,000	54,655,000
Retirement Benefits	1,067,371,000	864,693,000	368,970,000
Other Fixed Liabilities	45,992,000	24,643,000	20,893,000
Shareholders' equity	29,368,614,000	30,317,170,000	31,287,254,000
Paid in Capital	781,819,000	781,819,000	781,819,000
Capital Reserves	512,456,000	512,727,000	512,727,000
Retained Earnings(Loss)	28,392,794,000	29,191,181,000	30,392,097,000
Valuation & Adjustment	16,842,000	169,809,000	127,005,000
Treasury Stock	(335,297,000)	(338,366,000)	(526,394,000)

Note: (*)

Financial Highlights

INCOME STATEMENT

Currency	:	JPY
Denomination	:	1
Financial Year Ending	:	June

Financial Highlights	2012 Annual	2013 Annual	2014 Annual
Turnover(*)	123,230,138,000	123,308,486,000	131,190,392,000
Profit (Loss) Before Tax(*)	2,625,006,000	2,015,093,000	2,530,418,000
Profit After Tax attributable to Shareholders(*)	1,481,685,000	1,162,101,000	1,491,852,000
Turnover	123,230,138,000	123,308,486,000	131,190,392,000
Profit (Loss) Before Tax	2,625,006,000	2,015,093,000	2,530,418,000
Profit After Tax attributable to Shareholders	1,481,685,000	1,162,101,000	1,491,852,000
Cost of Goods Sold	111,246,383,000	111,935,143,000	120,115,799,000
Gross Profit	11,983,755,000	11,373,343,000	11,074,593,000
Selling, General & Administrative Expenses	9,869,103,000	10,057,153,000	8,919,999,000
Operating Profit(Loss)	2,114,652,000	1,316,190,000	2,154,594,000
Non Operating Income	619,674,000	638,043,000	577,649,000
Non Operating Expenses	131,132,000	146,556,000	131,332,000
Ordinary Profit(Loss)	2,603,194,000	1,807,677,000	2,600,911,000
Special Profit	289,799,000	220,010,000	-
Special Loss	267,987,000	12,594,000	70,493,000
Provisions for Taxes	715,799,000	763,715,000	578,176,000
Income taxes-deferred	427,522,000	89,277,000	460,390,000

Note: (*)

Financial Highlights

FINANCIAL RATIOS

Financial Highlights	2012 Annual	2013 Annual	2014 Annual
Growth %
Year-on-Year Growth	-	0.06	6.39
Profitability
Profit Margin (%)	1.20	0.94	1.14
Return on Equity (%)	5.05	3.83	4.77
Return on Assets (%)	3.36	2.60	3.40
Leverage
Total Debt Equity (Times)	0.50	0.47	0.40
Current Debt Equity (Times)	0.46	0.44	0.38
Long Term Debt to Equity	0.04	0.03	0.02
Total Asset To Total Equity	1.50	1.47	1.40
Asset Management
Total Assets Turnover (Times)	2.79	2.76	2.99
Fixed Assets Turnover (Times)	25.64	26.15	22.98
Liquidity
Current Ratio	2.89	2.98	3.20

REPUTATION

Reference checking for the purpose of establishing TOKAI DENPUN CO LTD's reputation within the respective industry failed to reveal any adverse information.

NEGA-SCAN - ADVERSE DATA MONITORING

DISHONORED CHECKS

No Record Found

DEBT	No Record Found

CIVIL LITIGATION

No Record Found

PERFORMANCE DEFAULTS

No Record Found

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

No Record Found

PAYMENT TERMS

Selling

Type	Terms
Local	Cash on delivery (COD) Credit - Unsecured 30~60 days
Export	Letter of Credit (At-sight) Telegraphic Transfer (T/T) - Received at time of transaction

Purchasing

Type	Terms
Local	Cash on delivery (COD) Credit - Unsecured 30~60 days
Import	Letter of Credit (At-sight) Telegraphic Transfer (T/T) - Executed at time of transaction

BANK DETAILS

Bank Name	:	BANK OF TOKYO-MITSUBISHI UFJ LTD, THE
Global Identifier	:	P0006866
Branch	:	Chiyoda-ku,Tokyo
Branch Address	:	Chiyoda-kuTokyo
SWIFT Code	:	BOTKJPJT
Bank Name	:	MIZUHO BANK LTD
Global Identifier	:	P0217434
Branch	:	Chiyoda-ku,Tokyo
Branch Address	:	MIZUHO BANK LTD, SHIZUOKA
SWIFT Code	:	MHCBJPJT
Bank Name	:	SHIZUOKA BANK LTD, THE
Global Identifier	:	P0188836
Branch	:	Shimizu-shi
Branch Address	:	Shimizu-shi
SWIFT Code	:	SHIZJPJT
Bank Name	:	UFJ BANK LTD
Global Identifier	:	P0309216
Branch	:	Chuo-ku,Osaka-shi
Branch Address	:	SHIZUOKA
SWIFT Code	:	SANWJPJT

LOCAL BRANCHES & MANAGEMENT

Branch	:	TOKAI DENPUN CO LTD - NISHI-KU, HIROSHIMA-SHI
Branch Address	:	1-5-33 Shoko-center, Nishi-ku, Hiroshima-shi, Hiroshima 7330833
Branch	:	TOKAI DENPUN CO LTD - TOKUSHIMA-SHI, TOKUSHIMA
Branch Address	:	1Fl, 2-2 Okihama-higashi, Tokushima-shi, Tokushima 7708053
Branch	:	TOKAI DENPUN CO LTD - HIGASHI-KU, FUKUOKA-SHI
Branch Address	:	6-9-5 Hakozaki-futo, Higashi-ku, Fukuoka-shi, Fukuoka 8120051
Branch	:	TOKAI DENPUN CO LTD - NISHI-KU, SAPPORO-SHI
Branch Address	:	3Fl, 3-2-36 Nijuyonken-2jo, Nishi-ku, Sapporo-shi, Hokkaido 0630802
Branch	:	TOKAI DENPUN CO LTD - MIYAGINO-KU, SENDAI-SHI
Branch Address	:	2-10-41 Miyagino, Miyagino-ku, Sendai-shi, Miyagi 9830045
Branch	:	TOKAI DENPUN CO LTD - CHUO-KU, TOKYO
Branch Address	:	9Fl, 6-1 Nihonbashi-koamicho, Chuo-ku, Tokyo 1030016
Branch	:	TOKAI DENPUN CO LTD - CHUO-KU, CHIBA-SHI
Branch Address	:	5Fl, 10-15 Shinden-cho, Chuo-ku, Chiba-shi, Chiba 2600027
Branch	:	TOKAI DENPUN CO LTD - NAKAMURA-KU, NAGOYA-SHI
Branch Address	:	3Fl, 5-21-8 Meieki, Nakamura-ku, Nagoya-shi, Aichi 4500002
Branch	:	TOKAI DENPUN CO LTD - CHUO-KU, OSAKA-SHI
Branch Address	:	19Fl, 1-3-8 Tokiwa-machi, Chuo-ku, Osaka-shi, Osaka 5400028

RELATED PARTIES

(Subsidiaries , Joint-ventures & Affiliates)

The following provides a summary of the number of businesses that are related to TOKAI DENPUN CO LTD:

TYPE	DOMESTIC	INTERNATIONAL
	TOTAL	Africa	Asia / Pacific	Europe	Middle-East	North America	South America	TOTAL
Subsidiaries	-	-	1	-	-	1	-	2
Joint-Ventures	-	-	-	-	-	-	-	-
Minority shareholdings	-	-	-	-	-	-	-	-
Affiliates	10	-	2	-	-	-	-	2
Liaison / Representative Offices	-	-	-	-	-	-	-	-

MAPPING OF RELATED PARTIES

Domestic

Business Entity Name	:	KUSHIMOTO KATADA FOODS CO LTD
Global Identifier	:	P0249050
Country	:	Japan
Relationship	:	Affiliate
Primary Business Activity	:	Trader
Industry	:	Food Products

Business Entity Name	:	KUWAMURA SANKO CO LTD
Global Identifier	:	P0249053
Country	:	Japan
Relationship	:	Affiliate
Primary Business Activity	:	Trader
Industry	:	Food Products

Business Entity Name	:	MARUTO SUISAN CO LTD
Global Identifier	:	P0249060
Country	:	Japan
Relationship	:	Affiliate
Primary Business Activity	:	Trader
Industry	:	Food Products

Business Entity Name	:	NANKI KUSHIMOTO SUISAN CO LTD
Global Identifier	:	P0249049
Country	:	Japan
Relationship	:	Affiliate
Primary Business Activity	:	Trader
Industry	:	Food Products

Business Entity Name	:	OHITA PREFECTURE KAMAE SUISAN CO LTD
Global Identifier	:	P0249052
Country	:	Japan
Relationship	:	Affiliate
Primary Business Activity	:	Trader
Industry	:	Food Products

Business Entity Name	:	SEIWA CO LTD - COMPUTER
Global Identifier	:	P0174662
Country	:	Japan
Relationship	:	Affiliate
Operational Address	:	Kyoei Bldg 1-6-1 Hacchobori, Chuo-ku, Tokyo 1040032
Primary Business Activity	:	Manufacturer
Industry	:	Computer & Information Products

Business Entity Name	:	SIAM TOKAI CO LTD
Global Identifier	:	P0249066
Country	:	Japan
Relationship	:	Affiliate
Primary Business Activity	:	Trader
Industry	:	Food Products

Business Entity Name	:	STAR AGRI CO LTD
Global Identifier	:	P0249054
Country	:	Japan
Relationship	:	Affiliate
Primary Business Activity	:	Trader
Industry	:	Food Products

Business Entity Name	:	SUNNY FOODS CO LTD
Global Identifier	:	P0249058
Country	:	Japan
Relationship	:	Affiliate
Primary Business Activity	:	Trader
Industry	:	Food Products

Business Entity Name	:	TDC SERVICE CO LTD
Global Identifier	:	P3303186
Country	:	Japan
Relationship	:	Affiliate
Relationship Details	:	Strategic alliance

International

Business Entity Name	:	GLOBAL FOODS TRADING CO LTD
Global Identifier	:	P0346661
Country	:	Korea, South (Republic of Korea)
Relationship	:	Subsidiary
Operational Address	:	Rm 701 Dong A Jeil Bldg Chungang-dong 4-ga, Chung-gu, Pusan 600014
Primary Business Activity	:	Trader
Industry	:	Food Products

Business Entity Name	:	SIAM HARVEST CO LTD
Global Identifier	:	P0249065
Country	:	Thailand
Relationship	:	Affiliate
Operational Address	:	8Fl Sri Ayutthaya Bldg 487/1 Si Ayutthaya Rd, Rajathevee, Bangkok 10400
Primary Business Activity	:	Manufacturer
Industry	:	Agricultural Products

Business Entity Name	:	SIAM TOKAI CO LTD
Global Identifier	:	31623140
Country	:	Thailand
Relationship	:	Affiliate
Operational Address	:	8Fl Sri Ayutthaya Bldg 487/1 Si Ayutthaya Rd, Ratchatewi, Bangkok 10400
Primary Business Activity	:	Importer
Industry	:	Agricultural Products

Business Entity Name	:	TOKAI DENPUN USA INC
Global Identifier	:	P0249062
Country	:	USA
Relationship	:	Subsidiary
Primary Business Activity	:	Trader
Industry	:	Food Products

SHAREHOLDERS

Total number of shareholders	:	564
Total number of shares	:	18,499,335

Currency

:

JPY - Japanese Yen

No.	Shareholders	Country	Shares
			Number	Amount (JPY)	%
1	Undisclosed Shareholders  (Number: 556 shareholders)	n/a	8,920,472	376,993,603	48.22
2	TOKAI DENPUN CO LTD - EMPLOYEES SHAREHOLDERS FUND	Japan	2,364,000	99,916,596	12.78
3	DENPUN FUDOSAN CO LTD	Japan	2,330,000	98,509,320	12.60
4	DENPUN SHOJI CO LTD	Japan	1,254,000	53,007,396	6.78
5	AJINOMOTO CO INC	Japan	1,087,863	45,971,016	5.88
6	Mr. Kenji Jinno	Japan	743,000	31,429,164	4.02
7	Mr. Kenji Mori	Japan	700,000	29,552,796	3.78
8	Mr. Toshiaki Masuda	Japan	600,000	25,330,968	3.24
9	Mr. Ikuo Minami	Japan	500,000	21,109,140	2.70
Total			18,499,335	781,819,998	100.00

Today's Exchange rate

:

1.00 JPY Japanese Yen

=

0.008312 USD United States Dollars

Based on corporate statutory laws / regulations in Japan, there is no requirement for public disclosure of Shareholders. In this case, the Shareholders information was supplied by the Subject Business Entity.
However in the absence of data normally obtained from local Statutory Authorities, it is not possible to verify the accuracy of data supplied and hence is provided as reference ONLY.

COMPANY DIRECTORS

1
Personal Unique Identifier	:	MI03903809
Name	:	Mr. Hideaki Shinada
Name in local language	:	品田英明
2
Personal Unique Identifier	:	MI03903801
Name	:	Mr. Ikuo Minami
Name in local language	:	南幾雄
3
Personal Unique Identifier	:	MI03903806
Name	:	Mr. Kaoru Oba
Name in local language	:	大場薫
4
Personal Unique Identifier	:	MI00930853
Name	:	Mr. Kenji Jinno
Name in local language	:	神野建二
Registered Address	:	1-20-30 Ando Aoi-ku ,Shizouka-shi ,Shizuoka 4200882
Country of Residence	:	Japan
5
Personal Unique Identifier	:	MI03903805
Name	:	Mr. Kenji Mori
Name in local language	:	森憲二
Date of Birth	:	2 Nov, 1959
Registered Address	:	3-4-8-6 Kasuga Aoi-ku ,Shizouka-shi ,Shizuoka 4200823
Country of Residence	:	Japan
6
Personal Unique Identifier	:	MI00930856
Name	:	Mr. Toshiaki Masuda
Name in local language	:	増田敏明
7
Personal Unique Identifier	:	MI03903803
Name	:	Mr. Yoshihiro Mochizuki
Name in local language	:	望月美宏
8
Personal Unique Identifier	:	MI03903808
Name	:	Mr. Yoshio Okura
Name in local language	:	大蔵芳夫

INTERNATIONAL TRADE - Activity & Markets

Country / Region	Estimated level of importance	Trading Activity
Asia / Pacific	Medium	Importing, Exporting
North America	Medium	Importing, Exporting
Korea, South (Republic of Korea)	Medium	Importing, Exporting
Taiwan	Medium	Exporting
USA	Medium	Importing, Exporting

DOMESTIC SUPPLIERS

Business Entity Name	Global Identifier
AJINOMOTO CO INC	P0007395
FUJI CORP	P0983954
FUJI CORP - SEAFOOD	P0582643
HOKUREN FEDERATION OF AGRICULTURAL COOPERATIVES	P1972774
IGARASHI REIZO CO LTD	P0401921
KIBUN TRADING INC	P0409171
KYOKUYO CO LTD	P0069391
MARUHA NICHIRO CORP	P1859225
MARUKI CO LTD	P2590744
MARUYOSHI SHOTEN CO LTD	P0448398
MATSUURA-SUISAN CO	P0349770
MERCIAN CORP	P0101665
MITSUBISHI CORP	T0001950
NATIONAL FEDERATION OF AGRICULTURAL COOPERATIVE ASSOCIATIONS	P0112213
NITTO FUJI FLOUR MILLING CO LTD	P0399391

DOMESTIC CUSTOMERS

Business Entity Name	Global Identifier
AJINOMOTO CO INC	P0007395
DAIEI INC , THE	P0068783
DELMAR CO LTD	P0350268
ICHIMASA KAMABOKO CO LTD	P0352988
KIBUN FOODS INC	P0108255
KNORR FOODS CO LTD	P0199681
MATSUURA-SUISAN CO	P0349770
MERCIAN CORP	P0101665
NH FOODS LTD	P0069988
NH FOODS LTD	P0069988
NICHIREI CORP	P0069820
NIPPON SUISAN KAISHA LTD	P0022474
TAKEMARU SHIBUYA SUISAN CO LTD	P0650783
TAKESHOKU CO LTD	P0359484
TOYO SUISAN KAISHA LTD	P0041890
YAMASA KAMABOKO CO LTD	P0443013

AUDITORS

Auditor Name

DELOITTE TOUCHE TOHMATSU LLC

OFFICE & FACILITIES

The following information relates to the Business Entity's office as listed above:

Name	:	TOKAI DENPUN CO LTD - SHIZOUKA-SHI, SHIZUOKA
Primary Use	:	Office & Administration facilities
Address	:	24-15 Temma-cho, Shizouka-shi, Shizuoka 4200858
Country	:	Japan
Status	:	Operational

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.65.92
UK Pound	1	Rs.102.75
Euro	1	Rs.75.13

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	ANK

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.