MIRA INFORM REPORT
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Report Date : |
03.08.2011 |
IDENTIFICATION DETAILS
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Name : |
VINOS YAMAZAKI CO LTD |
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Registered Office : |
2-2-13 Tokiwacho Aoiku Shizuoka 420-0034 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
April 1988 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, Retail, Wholesale of wines, Japanese sake |
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 19.4 Million |
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Status : |
Small Company |
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Payment
Behaviour : |
Regular |
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Litigation : |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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
VINOS YAMAZAKI CO LTD
REGD NAME
KK Vinos Yamazaki
MAIN OFFICE
2-2-13 Tokiwacho Aoiku
Shizuoka 420-0034 JAPAN
Tel:
054-261-3607 Fax: 054-221-0288
URL: http://www.v-yamazaki.co.jp
E-Mail address: info@v-yamazaki.co.jp
ACTIVITIES
Import,
retail, wholesale of wines, Japanese sake
STORES
At the
caption address, Tokyo (6), Yokohama, Odawara, Numazu, Kyoto, Sapporo (Tot 11)
OFFICERS
HITOSHI
TANEMOTO, PRES
Yuko
Tanemoto, s/mgn dir
Atsuko
Kaimi, dir
Yen
Amount: In million Yen, unless otherwise
stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,095 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen 252 M
STARTED 1988 EMPLOYES 75
COMMENT
IMPORTER OF WINES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 19.4 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was founded originally in 1913 by Toyosaku Yamazaki,
a farmer’s son in Shizuoka, as a Japanese sake shop, on his account, and has
been succeeded by his descendants.
Hiroshi Animator is his grandson in law.
Incorporated in 1988, the firm launched importing wines from Italy &
France, initiated by Yuko Tanemoto, the founder’s daughter, now s/mgn dir, to
diversify its operations to wine imports.
This came at a time when sake sales were saturated amid fierce price
competition among the trade, with traders looking for alternative source of
operations. The sake sales are driven to
the sidelines. The firm now operates 11
stores: Tokyo (6), Yokohama, Odawara, Numazu, Kyoto and Sapporo. Wines are also sold to hotels, restaurants,
wine shops, other, nationwide.
FINANCIAL INFORMATION
The sales volume for Mar/2010 fiscal term amounted to Yen 2,095 million,
a 1% down from Yen 2,117 million in the previous term. Consumer spending was sluggish. The operations came back to profitability to
post Yen 7 million recurring profit and Yen 5 million net profits,
respectively, compared with Yen 14 million recurring loss and Yen 15 million
net losses, respectively, a year ago.
For the that ended Mar 2011 the recurring profit was projected at Yen 10
million and the net Yen 6 million, respectively, on a 3% rise in turnover, to
Yen 2,150 million. The final results are
yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 19.4 million, on 30 days normal terms.
REGISTRATION
Date Registered: Apr 1988
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
8,000 shares
Issued: 2,000 shares
Sum: Yen 10 million
Major shareholders (%): Hitoshi Tanemoto (35), Yuko
Tanemoto (32), other
No. of shareholders: 6
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, retails
and wholesales wines (--70%), Japanese sake, sake lees, sake lees-preserved
pickles, others (--30%).
Imports (50%), Retails (80%), wholesale (20%).
Clients: Consumers, hotels,
restaurants, wine shops, other
No. of accounts:
Unavailable
Domestic areas of
activities: Nationwide
Suppliers: [Wineries,
wholesalers] Imports from Chateau Reignac, Poupille, Domaine La Tour Boisee,
Puriure-Toch (France), other from, France, Italy, Germany, Spain, Chile, USA,
other.
Sake is supplied from domestic breweries: Isojiman Shuzo, Ishimoto
Shuzo, Hakkai Jozo, other.
Payment record: Regular
Location: Business area in
Shizuoka. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
Shizuoka
Bank (Gofukucho)
Sizushin
Shinkin Bank (H/O)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/03/2011 |
31/03/2010 |
31/03/2009 |
31/03/2008 |
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Annual
Sales |
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2,150 |
2,095 |
2,117 |
1,814 |
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Recur.
Profit |
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10 |
7 |
-14 |
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Net
Profit |
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6 |
5 |
-15 |
7 |
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Total
Assets |
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1,627 |
1,615 |
1,548 |
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Current
Assets |
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1,011 |
1,037 |
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Current
Liabs |
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680 |
790 |
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Net
Worth |
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252 |
247 |
262 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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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 |
2.63 |
-1.04 |
16.70 |
0.78 |
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Current Ratio |
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.. |
148.68 |
131.27 |
.. |
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N.Worth Ratio |
.. |
15.49 |
15.29 |
16.93 |
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R.Profit/Sales |
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0.47 |
0.33 |
-0.66 |
.. |
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N.Profit/Sales |
0.28 |
0.24 |
-0.71 |
0.39 |
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Return On Equity |
.. |
1.98 |
-6.07 |
2.67 |
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Notes:
Forecast (or estimated) figures for the 31/03/2011 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.44.23 |
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UK Pound |
1 |
Rs.72.09 |
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Euro |
1 |
Rs.62.99 |
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.