MIRA
INFORM REPORT
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Report Date : |
08.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
GLOBAL CO LTD |
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Registered Office : |
Fuso Bldg 2F, 5-3-1 Nishihonmachi Nishiku Osaka 550-0005 |
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Country : |
Japan |
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Financials (as on) : |
31.05.2007 |
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Date of Incorporation : |
September 1988 |
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Legal Form : |
Limited
Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Wholesale of Wines, Wine
Glasses, Cabinets, Other Accessories |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
YEN 34.1 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name & address
GLOBAL CO LTD
REGD NAME: KK Global
MAIN OFFICE: Fuso Bldg 2F, 5-3-1 Nishihonmachi Nishiku Osaka 550-0005 JAPAN
Tel:
06-6543-9686 Fax: 06-6543-7888
URL: http://www.globalwine.co.jp/
E-Mail address: global@globalwine.co.jp
ACTIVITIES
Import, wholesale of wines, wine
glasses, cabinets, other accessories
BRANCHES
Tokyo, Yokohama, Nagoya, Sapporo,
Fukuoka (--showrooms)
OFFICER(S)
KIYOTADA MIURA, PRES
Akira Okamura, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,271 M
PAYMENTS REGULAR CAPITAL Yen 20 M
TREND STEADY WORTH Yen 235 M
STARTED 1988 EMPLOYES 34
COMMENT
IMPORTER SPECIALIZING IN WINES
& WINE ACCESSORIES.
FINANCIAL SITUATION CONSIDERED FAIR
AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN
34.1 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was
established by Kiyotada Miura in order to make most of his experience in the
subject line of business. This is a
trading firm for importing and wholesaling wines, wine cellars, wine racks,
wine glasses and other wine-related accessories. Goods are imported from France centrally, Italy, Spain, UK,
Austria and recently from China.
Clients are major liquor mfrs, hotels, restaurants, wine shops, other,
nationwide. Goods are also sold online.
FINANCIAL INFORMATION
The sales volume for May/2007
fiscal term amounted to Yen 1,291 million, a 14% hike from Yen 1,111 million in
the previous term. Demand for red wines
rose for healthy reasons & imports increased. The recurring profit was posted at Yen 56 million and the net
profit at Yen 34 million, respectively, compared with Yen 51 million recurring
profit and Yen 24 million net profit, respectively, a year ago..
For the term that ended May 2008
the recurring profit was projected and believed posted at Yen 60 million and
the net profit at Yen 35 million, respectively, on a 6% rise in turnover, to
Yen 1,350 million. Official financials
have not been made available.
The financial situation is
considered FAIR and good for ORDINARY business engagements. Max
credit limit is estimated at Yen 34.1 million, on 30 days normal terms.
REGISTRATION
Date Registered: Sept 1988
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued: 400 shares
Sum: Yen
20 million
Major shareholders (%)
Kiyotada Miura (69), Employees’
S/Holding Assn (21), Yasuko Miura (10)
No. of shareholders:
13
Nothing detrimental is known as to
the commercial morality of executives.
OPERATION
Activities: Imports and wholesales
wines (50%), wine glassware, wine racks, wine cabinets, other wine accessories,
kitchen & tableware, cheese, pasta machines, cutleries, chef’s knives, bar
items, shop displays, gift & wrapping items, other (--50%) (Breakdown is all about)
Client
[Breweries, hotels, restaurants, liquor shops] Mercian Corp,
Suntory, Kirin Brewery, Sapporo Beer, Asahi Breweries, other.
No. of accounts: 1,000
Domestic areas of activities: Nationwide
Suppliers
[Negociants, wholesalers] Imports
from Chambrair, Birambeau, Peugeout L’Esprit, Ghidini, Staub, Peugeot Pepper
& Salt Mills, other.
Payment record: Regular
Location: Business
area in Osaka. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References
Mizuho Bank (Yotsubashi)
Resona Bank (Midosuji)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
31/05/2008 |
31/05/2007 |
31/05/2006 |
31/05/2005 |
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Annual Sales |
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1,350 |
1,271 |
1,111 |
972 |
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Recur. Profit |
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60 |
56 |
51 |
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Net Profit |
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35 |
34 |
24 |
16 |
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Total Assets |
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542 |
548 |
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Current Assets |
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432 |
457 |
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Current Liabs |
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290 |
318 |
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Net Worth |
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235 |
193 |
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Capital, Paid-Up |
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20 |
20 |
20 |
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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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S.Growth Rate |
6.22 |
14.40 |
14.30 |
9.21 |
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Current Ratio |
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.. |
148.97 |
143.71 |
.. |
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N.Worth Ratio |
.. |
43.36 |
35.22 |
.. |
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R.Profit/Sales |
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4.44 |
4.41 |
4.59 |
.. |
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N.Profit/Sales |
2.59 |
2.68 |
2.16 |
1.65 |
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Return On Equity |
.. |
14.47 |
12.44 |
.. |
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Notes: Forecast (or estimated)
figures for the 31/05/2008 fiscal term.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.01 |
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UK Pound |
1 |
Rs.84.16 |
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Euro |
1 |
Rs.65.20 |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)