MIRA INFORM REPORT
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Report Date : |
18.04.2011 |
IDENTIFICATION DETAILS
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Name : |
ANGEL HEART CO LTD |
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Registered Office : |
Ginza 1-Chome
Bldg 4F, 1-15-4 |
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Country : |
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Financials (as on) : |
30.09.2010 |
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Date of Incorporation : |
December 2001 |
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Com. Reg. No.: |
(Tokyo-Chuoku)
097753 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale
of cosmetics |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Yen 41.0 Million |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Name
and address
ANGEL HEART CO LTD
REGD NAME: KK
Angel Heart
MAIN OFFICE: Ginza
1-Chome Bldg 4F, 1-15-4 Ginza Chuoku
Tel: 03-5250-7231 Fax: 03-5250-2131
URL: N/A
ACTIVITIES
Import, export,
wholesale of cosmetics
BRANCHES
Nil
OFFICER(S)
YOSHINORI AMANO,
PRES
Shinobu Amano, mgn
dir
Yoshikazu Kimura,
dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 950 M
PAYMENTS REGULAR CAPITAL Yen 71 M
TREND SLOW WORTH Yen
71 M
STARTED 2001 EMPLOYES 20
COMMENT
TRADING FIRM
SPECIALIZING IN COSMETICS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS
MAX CREDIT LIMIT:
YEN 41.0 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject
company was established by Yoshinori Amano in order to make most of his
experience in the subject line of business.
This is a trading firm specializing in import, export and wholesale of
cosmetics: lotion, fragrance, other.
Originally branded “Angel Heart” fragrance is the major commodity. Goods are partially retailed.
FINANCIAL
INFORMATION
The sales volume for
Sept/2010 fiscal term amounted to Yen 950 million, a similar amount in the
previous term. The net profit was posted
at Yen 18 million, compared with Yen 17 million a year ago. .
For the current
term ending Sept 2011 the net profit is projected at Yen 20 million, on a 5%
rise in turnover, to Yen 1,000 million.
The financial
situation is considered maintained FAIR and good for ORDINARY business
engagements. Max credit limit is
estimated at Yen 41.0 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Dec 2001
Regd No.:
(Tokyo-Chuoku) 097753
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 5,680 shares
Issued: 1,422 shares
Sum: Yen 71.125 million
Major shareholders (%): Yoshinori Amano
and families (--100)
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, exports
and wholesales (partially retails) cosmetics: lotion, fragrance (branded as
“Angel Heart”), other (--100%)
Clients: Cosmetics
wholesalers, retail shops, other
No. of accounts:
300
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers: [Mfrs,
wholesalers] Parure Co, Elise Cosmetics, Sanyo Co, other
Payment record: Regular
Location: Business area in
Bank References:
MUFG
(Asakusabashi)
Mizuho Bank
(Ginza-Chuo)
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
30/09/2011 |
30/09/2010 |
30/09/2009 |
30/09/2008 |
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Annual
Sales |
|
1,000 |
950 |
950 |
1,000 |
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Recur.
Profit |
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Net
Profit |
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20 |
18 |
17 |
-47 |
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Total
Assets |
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|
902 |
667 |
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Current
Assets |
|
|
487 |
361 |
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Current
Liabs |
|
|
167 |
51 |
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Net
Worth |
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|
634 |
616 |
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Capital,
Paid-Up |
|
|
71 |
71 |
71 |
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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 |
5.26 |
0.00 |
-5.00 |
-4.76 |
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Current Ratio |
|
.. |
291.62 |
707.84 |
.. |
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N.Worth Ratio |
.. |
70.29 |
92.35 |
.. |
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R.Profit/Sales |
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.. |
.. |
.. |
.. |
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N.Profit/Sales |
2.00 |
1.89 |
1.79 |
-4.70 |
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Return On Equity |
.. |
2.84 |
2.76 |
.. |
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Notes: Forecast
(or estimated) figures for the 30/09/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.52 |
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|
1 |
Rs.72.72 |
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Euro |
1 |
Rs.64.41 |
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.