MIRA
INFORM REPORT
|
Report Date : |
3rd
June 2006 |
IDENTIFICATION
DETAILS
|
Name : |
DCV JAPAN KK |
|
|
|
|
Registered Office : |
Hongo Segawa Bldg 1F, 2-35-10 Hongo Bunkyoku
Tokyo 113-0033 Japan |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31/12/2006
(Estimated) |
|
|
|
|
Date of Incorporation : |
Jul 2001 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Engaged in the business of wholesale,
retail of organically grown foods. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
YEN 1 MILLION |
|
|
|
|
Status : |
Moderate
|
|
|
|
|
Payment Behaviour : |
Regular
|
|
|
|
|
Litigation : |
Unknown
|
NAME
DCV
JAPAN KK
REGD NAME
DCV
Japan KK (not DVC)
MAIN OFFICE
Hongo
Segawa Bldg 1F, 2-35-10 Hongo Bunkyoku Tokyo 113-0033 JAPAN
Tel:
03-5842-0033
Fax:
03-5842-0033
E-Mail address: gurume@dcvj.co.jp
ACTIVITIES
Wholesale, retail of organically grown foods
BRANCHES
Nil
FACTORY(IES)
(subcontracted)
OFFICER(S)
TAKAMASA SAKUMA, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen
78 M
PAYMENTS REGULAR CAPITAL Yen
15 M
TREND UP WORTH Yen 25 M
STARTED 2001 EMPLOYES 5
COMMENT
WHOLESALER AND RETAILER SPECIALIZING IN ORGANICALLY GROWN
FOODSTUFFS. FINANCIAL SITUATION
CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 1 MILLION, NORMAL 30 DAYS TERMS.
HIGHLIGHTS
The subject company was established originally in1984 as Nihon
Dezurikku KK for wholesaling air-conditioners, their parts & components but
later in 2001 restructured and diversified into the wholesaling of foodstuffs,
renamed as captioned (Please note the correct name is DCV Japan KK, and not DVC
Japan). Specializes in wholesaling
organically grown foodstuffs direct from the farms (organic growers). Goods include fruits, processed foodstuffs
(made from soybeans), etc. Goods are
also sold online. Goods are also
imported from Korea, China, other.
Air-conditioning division is pushed to a sideline.
The sales volume for Dec/2005 fiscal term amounted to Yen 78 million,
an 11% up from Yen 70 million in the previous term. Organically grown foodstuffs are becoming very much in
demand. The net profit remained
unchanged at Yen 3 million.
For the current term ending Dec 2006 the net profit is projected
at Yen 3 million, on a 2.5% rise in turnover, to Yen 80 million.
The financial situation is considered RATHER WEAK but should be
good for MODERATE business engagements.
Max credit limit is estimated at Yen 1 million, on normal 30 days terms.
REGISTRATION
Date Registered: Jul
2001
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 1,200 shares
Issued: 300 shares
Sum: Yen 15 million
Major shareholders (%): Takamasa Sakuma (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: Imports, wholesales and retails (online) organically
grown foodstuffs (--100%): peaches, Japanese teas (leaves & powder), Miso
(fermented soybean paste), noodles, mutton, Natto (fermented soybeans),
vinegar, tomato ketchup, ice cream, other.
Foodstuffs are delivered directly from organic growers.
Clients: [Specialty stores, wholesalers, consumers] Maruboshi
Vinegar, Yuasa Corp, Nippon Kanzai Center, Kaneko Sangyo, Moriya Corp, other.
No. of accounts: 500
Domestic areas of activities: Centered in greater-Tokyo.
Suppliers: [Farms, wholesalers] Kuka, Play Control Japan, Nansei
Valve, other. Imports from Korea,
China, other.
Payment record: Regular
Location: Business area in Tokyo.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
Bank of Tokyo-Mitsubishi UFJ (Kasugacho)
Relations: Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
|
31/12/2006 |
31/12/2005 |
31/12/2004 |
|
|
Annual Sales |
|
80 |
78 |
70 |
|
|
Recur. Profit |
|
.. |
.. |
.. |
|
|
Net Profit |
|
3 |
3 |
3 |
|
|
Total Assets |
|
|
N/A |
N/A |
|
|
Net Worth |
|
|
25 |
22 |
|
|
Capital, Paid-Up |
|
|
15 |
15 |
|
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
|
|
<Analytical Data> |
(%) |
(%) |
(%) |
||
|
S.Growth Rate |
2.56 |
11.43 |
112.12 |
||
|
Current Ratio |
|
|
.. |
.. |
|
|
N.Worth Ratio |
|
.. |
.. |
||
|
N.Profit/Sales |
3.75 |
3.85 |
4.29 |
||
Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/12/2006 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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |