MIRA INFORM REPORT

 

 

Report Date :

25.04.2008

 

 

IDENTIFICATION DETAILS

 

Name :

AWA INC

 

 

Registered Office :

2-14 Takatsukacho Nishinomiya City Hyogo-Pref 662-0066

 

 

Country :

Japan

 

 

Financials (as on) :

31.12.2007

 

 

Date of Incorporation :

July 1994

 

 

Legal Form :

Private Limited Company (Yugen Gaisha)

 

 

Line of Business :

Importer, Wholesaler and Retailer of Wines from Austria

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

YEN 2.3 Million

 

 

Status :

Moderate

 

 

Payment Behaviour :

Regular

 

 

 

 

name & address

 

AWA INC (AUSTRIAN WORLD ASSOCIATION INC)

REGD NAME:   YK A. W. A.

MAIN OFFICE:  2-14 Takatsukacho Nishinomiya City Hyogo-Pref 662-0066 JAPAN

                        Tel: 0798-72-7022     Fax: 0798-72-5021

 

URL:                 http://www.awa-inc.com/

E-Mail address: awa@awa-inc.com

 

 

ACTIVITIES

 

Import, wholesale, retail of wines from Austria

 

 

BRANCHES   

 

Nil

 

 

OFFICERS

 

NORBERT TESCH, PRES (Austrian resident)

 

 

Yen Amount

 

In million Yen, unless otherwise stated

 

 

SUMMARY          

 

FINANCES        R/WEAK                       A/SALES          Yen 140 M

PAYMENTS      REGULAR                     CAPITAL           Yen 5 M

TREND             UP                                WORTH            Yen 30 M

STARTED         1994                             EMPLOYES      4

                       

                       

COMMENT

 

IMPORTER OF AUSTRIAN WINES. 

FINANCIAL SITUATION RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

           

 

           

MAX CREDIT LIMIT

 

YEN 2.3 MILLION, 30 DAYS NORMAL TERMS.

 

 

HIGHLIGHTS

 

The subject company was established originally in 1990 by Norbert Tesch, an Austrian businessman residing in Japan, for importing wines from Austria, as Tesch International, on his           account.  Born in Austria (Neckenmarkt, Burgenland), studied alcohol distillation machinery at Tech School, also of a grape farm family, he decided to import wines from Austria.  What motivated him to start import of Austrian wines was the fact that “Austrian wines tend to hide in       the shadow of French & Italian wines” in the Japanese market.  Incorporated in 1994, as AWA Inc (Austrian World Association Inc), the firm today imports more than 100 brands directly from          dozens of Austrian wineries. (See Supplier).  Wines are wholesaled and retailed including online sales.  Also handles “Eggenberg” beer and “Stroh” rum. 

 

 

FINANCIAL INFORMATION

           

Financials are only partially disclosed.

 

The sales volume for Dec/2005 fiscal term amounted to Yen 140 million, a similar amount in the previous term.  The net profit was posted at Yen 5 million, up from Yen 4 million a year ago.  Sales are seen expanding into hotels, restaurants, etc.

 

For the term that ended Dec 2007 the net profit was projected at Yen 5 million, on a 7% rise in turnover, to Yen 150 million.  Final results have not been made available.

 

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.  Max credit limit is estimated at Yen 2.3 million, on 30 days normal terms.

 

 

REGISTRATION

           

Date Registered:            Jul 1994

Legal Status:                 Private Limited Company (Yugen Gaisha)

Regd Capital:                 Yen 5 million    

Major shareholders (%): Norbert Tesch (100)

 

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

           

Activities: Imports, wholesales and retails Austrian wines, beer, rum, wine glasses, other                (--100%). 

 

Imports directly from Austrian wineries.

 

Wines are sold online, too.

 

           

 

Clients

 

 [Department stores, hotels, wine shops, chain stores, consumers] Hankyu Department Stores, Hotel New Otani, Royal Hotel, Hilton Hotel group, Tokyu

Department Stores, H2O Retailing, other.

 

 

No. of accounts

 

200

 

 

Domestic areas of activities

 

Nationwide

 

 

Suppliers

 

 [Wineries] Weingut Kracher, Ochs, Brundlmayer, Eggenberg, Jurtsclitoh   Sconhof, Arachon, Beisteiner, Weninger, Tement, F Pichler, Hirtzberger, Steininger, Prager,   Emmerich Knoll, Domane Muller, Stroh, Leithaberg, Krug, Bussek, Elfenhof, Mayer, Gobelsburg, other.

Also from Sojitz Machinery, Nichifutsu Shoji, Riedel Japan, and some other domestic suppliers.

 

 

Payment record

 

Regular

 

Location: Business area in Nishinomiya City, adjacent to Kobe City.  Office premises at the caption address are owned and maintained satisfactorily.

 

 

Bank References

 

SMBC (Nishinomiya)

MUFG (Osaka-Chuo)

Relations: Satisfactory

 

 

FINANCES: (In Million Yen)

 

Terms Ending:

　

31/12/2007

31/12/2006

31/12/2005

31/12/2004

Annual Sales

　

150

140

140

121

Recur. Profit

　

　

　

　

　

Net Profit

　

5

5

4

3

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

30

25

21

Capital, Paid-Up

　

　

5

5

5

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

       S.Growth Rate

7.14

0.00

15.70

0.83

     Current Ratio

 

 

..

..

..

       N.Worth Ratio

 

..

..

..

       N.Profit/Sales

3.33

3.57

2.86

2.48

 

Note: Financials are not disclosed only except the above partial figures.

Estimate figures for the 31/12/2007 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.

 

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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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