MIRA INFORM REPORT
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Report Date : |
28.04.2011 |
IDENTIFICATION DETAILS
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Name : |
NIPPON LIQUOR LTD |
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Registered Office : |
Mita Bldg 3F,
2-14-5 Mita Minatoku Tokyo 108-0073 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
November
1963 |
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Com. Reg. No.: |
(Tokyo-Minatoku)
023363 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import,
wholesale of wines |
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 42.7 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) |
|
Japan |
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 |
Company name
NIPPON LIQUOR LTD
REGD NAME
Nihon Liquor KK
MAIN OFFICE
Mita Bldg 3F,
2-14-5 Mita Minatoku Tokyo 108-0073 JAPAN
Tel:
03-3453-2201 Fax: 03-3453-2209
URL: www.niwine.com
E-mail: info@niwine.com
ACTIVITIES
Import,
wholesale of wines
BRANCHES
Osaka,
Nagoya, Fukuoka
OFFICER(S)
TAKAYOSHI
SHIMIZU, PRES
Atsushi
Yamaguchi, ch
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,651 M
PAYMENTS REGULAR CAPITAL Yen
325 M
TREND SLOW WORTH Yen
469 M
STARTED 1963 EMPLOYES 57
COMMENT
IMPORTER
OF WINES.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS BUT DOUBTFUL FOR CREDIT
ENGAGEMENTS: US$1,000,000.00
MAX
CREDIT LIMIT: YEN 42.7 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established jointly by Mercian Corp and
Kanematsu Corp as agent for importing wines.
This is a trading firm for importing and wholesaling wines. Goods are shipped to hotels, department
stores, chain stores, other.
FINANCIAL INFORMATION
The sales volume for Mar/2010 fiscal term amounted to Yen 2,651 million,
a 7% down from Yen 2,860 million in the previous term. High Yen hurt revenues in Yen terms. The net profit was posted at Yen 49 million,
similarly a year ago. .
For the term that ended Mar 2011 the net profit was projected at Yen 50
million, on a 6% rise in turnover, to Yen 2,800 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements. The proposed
amount, however, is considered TOO HIGH from the recent financial status. Max credit limit is estimated at Yen 42.7
million, on 30 days normal terms.
REGISTRATION
Date Registered: Nov 1963
Regd No.: (Tokyo-Minatoku) 023363
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 650,000
shares
Issued: 650,000
shares
Sum: Yen 325 million
Major shareholders (%):
Mercian Corp* (51), Kanematsu Corp (37.9)
No. of shareholders: 3
*.. Mercian Corp, alcoholic
beverage mfg, Tokyo, founded 1934, moved under Kirin Holdings Corp in Dec 2010, and delisted from
Tokyo & Osaka S/E’s, capital Yen 20,972 Million, sales Yen 80,506 million,
recurring loss Yen 1,259 million, net loss Yen 2,117 million, total assets Yen
64,040 million, net worth Yen 35,325 million, employees 1,215, pres Hiroshi
Ueki
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and
wholesales wines (100%)
Clients: [Hotels,
department stores, chain stores] Mitsukoshi, Takashimaya, Hankyu Hanshin
Department Stores, Sogo/Seibu Department Stores, Isetan, Daimaru Matsuzakaya
Department Store, Teikoku Hotel, Kinokuniya, other
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Mercian Corp, Kanematsu Corp, other
Payment record: Regular
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
Mizuho
Corporate Bank (Uchisaiwaicho)
SMBC
(Nihombashi)
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
31/03/2011 |
31/03/2010 |
31/03/2009 |
31/03/2008 |
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Annual
Sales |
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2,800 |
2,651 |
2,860 |
2,992 |
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Recur.
Profit |
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Net
Profit |
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50 |
49 |
49 |
72 |
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Total
Assets |
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1,792 |
1,850 |
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Current
Assets |
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1,741 |
1,795 |
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Current
Liabs |
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1,270 |
1,348 |
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Net
Worth |
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469 |
419 |
370 |
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Capital,
Paid-Up |
|
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325 |
325 |
325 |
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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 |
5.62 |
-7.31 |
-4.41 |
13.72 |
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Current Ratio |
|
.. |
137.09 |
133.16 |
.. |
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N.Worth Ratio |
.. |
26.17 |
22.65 |
.. |
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R.Profit/Sales |
|
.. |
.. |
.. |
.. |
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N.Profit/Sales |
1.79 |
1.85 |
1.71 |
2.41 |
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Return On Equity |
.. |
10.45 |
11.69 |
19.46 |
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Notes:
Forecast (or estimated) figures for the 31/03/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.40 |
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UK Pound |
1 |
Rs.73.26 |
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Euro |
1 |
Rs.65.17 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.