MIRA INFORM REPORT

 

 

Report Date :

12.08.2011

 

IDENTIFICATION DETAILS

 

Name :

ORCA INTERNATIONAL CO LTD

 

 

Registered Office :

Daini Nishinippori Bldg 9F, 5-2-19 Nishi-Nippori Arakawaku Tokyo 116-0013

 

 

Country :

Japan

 

 

Financials (as on) :

30.06.2011

 

 

Date of Incorporation :

July, 1999

 

 

Com. Reg. No.:

(Tokyo-Arakawaku) 005906

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of wines

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

Yen 5.4 Million

Status :

Satisfactory

Payment Behaviour :

Usually Correct

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 – March 31st, 2011

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Japan

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

ORCA INTERNATIONAL CO LTD

 

 

REGD NAME 

 

Orca International KK

 

 

MAIN OFFICE

 

Daini Nishinippori Bldg 9F, 5-2-19 Nishi-Nippori Arakawaku Tokyo 116-0013, JAPAN

Tel: 03-3803-1635    

Fax: 03-3803-1637

URL:                 http://www.orca-international.com

E-Mail address: order@orca-international.com

 

 

ACTIVITIES  

 

Import, wholesale of wines

 

 

BRANCHES   

 

Nil

 

 

OFFICERS

 

RENSHAW J BRUCE, PRES

Eizo Imakawa, dir                     

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

           

FINANCES        R/WEAK                       A/SALES          Yen 300 M

PAYMENTS      REGULAR                     CAPITAL           Yen 10 M

TREND             SLOW                          WORTH            Yen 87 M

STARTED         1999                             EMPLOYES      10

 

COMMENT    

 

IMPORTER AND WHOLESALER SPECIALIZING IN WINES.

FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 5.4 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Renshaw J Bruce, an American resident, in order to market wines from America.  His family operates winery in Washington State.  This is a trading firm specializing in importing and wholesaling wines.  Wines are imported from the states of Washington & Oregon on the America’s West Coast.  Also imports them from France.  Clients include hotels, restaurants, other, nationwide.

 

 

FINANCIAL INFORMATION

           

Financial are only partially disclosed.

 

The sales volume for Jun/2010 fiscal term amounted to Yen 300 million, a 7% up from Yen 280 million in the previous term.  Demand for wines increased.  The net profit was posted at Yen 10 million, similarly in the preceding term.

 

For the term that ended Jun 2011 the net profit was projected at Yen 10 million, on a 3% rise in turnover, to Yen 310 million.  Final results are yet to be released. 

 

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.  Max credit limit is estimated at Yen 5.4 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:            Jul 1999

Regd No.:                      (Tokyo-Arakawaku) 005906

Legal Status:                 Limited Company (Kabushiki Kaisha)

Authorized:                    800 shares

Issued:                          200 shares

Sum:                            Yen 10 million

Major shareholders (%): Renshaw J Bruce (90), Kinuko Tanaka (10)

No. of shareholders:       2

           

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

           

Activities:                      Imports and wholesales wines (100%)

 

Clients:                         [Hotels, restaurants, chain stores, wholesalers] Hotel Okura, Park Hyatt Tokyo, American Club, Kakuyasu Co, Art et Vin, other

No. of accounts:            300

Domestic areas of activities: Nationwide

Suppliers:                      [Wineries, wholesalers] Chris Upchurch, De Little Cellars, Ken Wright Cellars, Andrew Will Winery, Chateau Langoa & Leoville Barton, other.

 

Payment record:            Regular

 

Location:                       Business area in Tokyo.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:          SMBC (Ueno)

                                    Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

30/06/2011

30/06/2010

30/06/2009

30/06/2008

Annual Sales

　

310

300

280

170

Recur. Profit

　

　

　

　

　

Net Profit

　

10

10

10

10

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

87

77

67

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.33

7.14

64.71

21.43

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

3.23

3.33

3.57

5.88

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 30/06/2011 fiscal term.

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.27

UK Pound

1

Rs.73.34

Euro

1

Rs.64.58

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

----

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.