MIRA
INFORM REPORT
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Report Date : |
08.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
CASA PINO JAPAN CORPORATION |
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Registered Office : |
89-2 Sanmaicho Kanagawaku Yokohama 221-0862 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2008 |
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Date of Incorporation : |
June 2006 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Wholesale of Wines, Fishes, Chicken, Fruits,
Coffee, Olive Oils, Other |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
YEN 0.5 Million |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
name & address
CASA PINO JAPAN
CORPORATION
REGD NAME: KK Casa Pino Japan
MAIN OFFICE: 89-2 Sanmaicho Kanagawaku Yokohama 221-0862
Tel:
045-309-6006 Fax: 045-309-6007
* Moved to the caption address in Jun/2008
from the former at: 2-17-1 Eda Minami Tsuzukiku Yokohama, as given
E-Mail address: info@casapino.net
ACTIVITIES
Import, wholesale of wines, fishes, chicken, fruits, coffee,
olive oils, other
BRANCHES
Nil
OFFICER(S)
IJIN KOH, PRES (Taiwanese resident)
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 20 M
PAYMENTS REGULAR CAPITAL Yen
20 M
TREND UNDETD WORTH Yen
22 M
STARTED 2006 EMPLOYES 25
COMMENT
COMMISSION MERCHANT SPECIALIZING IN WINES AND
FOODSTUFFS.
FINANCIAL SITUATION UNDETERMINED
DUE TO THE RECENT INCEPTION BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 0.5
MILLION, 30 DAYS, RECOMMENDING FULLY GUARANTEED TERMS FOR ANY CREDITS.
HIGHLIGHTS
The
subject company was established by Ijin Koh, a Taiwanese resident, in order to
make most of his experience in foreign trading. This is a sales commission merchant specializing in import and
wholesale of wines from Argentina, fishes, olive oils, meat, coffee, other. Goods are also sold online. Domestic clients include major chain stores,
wineries, other.
FINANCIAL INFORMATION
Financials
are only partially disclosed.
The
sales commission for Mar/2008 fiscal term amounted to Yen 20 million, a similar
amount in the previous term. The net
profit is believed posted at Yen 1 million.
This is the second accounting term from the inception.
For
the current term ending Mar 2009 the net profit is projected at Yen 1million,
on a 10% rise in turnover, to Yen 22 million.
Wine imports will grow, according to the firm.
Both
the financial situation and business trends are not determined due to the
recent inception but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 0.5
million, for 30 days, we recommending fully guaranteed terms for any payments.
REGISTRATION
Date Registered: Jun 2006
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 1,600 shares
Issued: 400 shares
Sum: Yen 20 million
Major shareholders (%
Ijin Koh (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: This is a commission merchant for
import and wholesale of wines from Argentina, liquor, fish (raw/frozen/filet),
chicken meat, fruits, coffee, olive oil, grape seed oil, aroma oils, herb teas,
other foodstuffs (--100%).
Clients
[Chain stores, liquor mfrs]
Kokubu Ltd, Ito-Yokado, Mans Wine, THC, Mitsui Foods, other.
No. of accounts: 300
Domestic areas of activities: Centered in greater-Tokyo
Suppliers
[Mfrs, wholesalers] Casa Pino Srl, Fecovita Coop, International
Express, Alex Co, other.
Payment
record: Regular
Location:
Business area in Yokohama. Office
premises at the caption address are leased and maintained satisfactorily.
Bank References
MUFG (Setagaya)
SMBC (Mizonokuchi)
Relations: Money deposits & transfers only
FINANCES: (In Million Yen)
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Terms Ending: |
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31/03/2009 |
31/03/2008 |
31/03/2007 |
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Annual
Sales |
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22 |
20 |
20 |
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Recur.
Profit |
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Net
Profit |
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1 |
1 |
1 |
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Total
Assets |
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N/A |
N/A |
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Net
Worth |
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22 |
21 |
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Capital,
Paid-Up |
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20 |
20 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
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S.Growth Rate |
10.00 |
0.00 |
- - - |
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Current Ratio |
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.. |
.. |
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N.Worth Ratio |
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.. |
.. |
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N.Profit/Sales |
4.55 |
5.00 |
5.00 |
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Notes:
Financials are only partially disclosed.
The 31/03/2007 is the initial accounting term from the inception.
Forecast (or estimated) figures for the 31/03/2009 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.48.74 |
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UK Pound |
1 |
Rs.85.19 |
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Euro |
1 |
Rs.66.12 |
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%)