MIRA INFORM
REPORT
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Report Date : |
28.07.2011 |
IDENTIFICATION DETAILS
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Name : |
LEAD-OFF JAPAN CO LTD |
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Registered Office : |
Column Minami-Aoyama 2F, 7-1-5
Minami-Aoyama Minatoku Tokyo 107-0062 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
August 1985 |
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Com. Reg. No.: |
(Tokyo-Minatoku) 031338 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of food, liquor, beverages;
operate of restaurants |
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 90.5 Million |
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Status : |
Small Company |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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
LEAD-OFF JAPAN CO LTD
REGD NAME
Lead Off Japan KK
MAIN OFFICE
Column
Minami-Aoyama 2F, 7-1-5 Minami-Aoyama Minatoku Tokyo 107-0062 JAPAN
Tel:
03-5464-8170 Fax: 03-5464-8184
URL: http://www.lead-off-japan.co.jp
E-Mail address: (thru the URL)
ACTIVITIES
Import,
wholesale of food, liquor, beverages; operate of restaurants
BRANCHES
Osaka,
Nagoya, Sapporo, Fukuoka
RESTAURANTS
Tokyo (2)
FACTORIES
(subcontracted)
OFFICERS
HIROYUKI
WATANABE, PRES Noboru Nagao,
mgn dir
Atsuo
Fukushima, dir Masayuki
Nogami, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 5,247 M
PAYMENTS REGULAR CAPITAL Yen 160 M
TREND SLOW WORTH Yen
1,034 M
STARTED 1985 EMPLOYES 85
COMMENT
TRADING FIRM SPECIALIZING IN FOODS & LIQUORS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 90.5 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Hiroyuki Watanabe for importing Latin wines. This is a trading firm specializing in importing and wholesaling Asian foodstuff, wines, beers, juice, other. Goods are sold online, too. Also operates two restaurants in Tokyo (See OPERATION). Goods are imported from Europe, Latin America, Asian countries, other. Clients include food processors, food wholesalers, other, nationwide.
FINANCIAL INFORMATION
The sales volume for Mar/2011 fiscal term amounted to Yen 5,247 million,
a 12% down from Yen 5,940 million in the previous term. Consumer spending was sluggish. Eating-out visitors declined. High Yen hurt import revenues in Yen
terms. The recurring profit was posted
at Yen 32 million and the net profit at Yen 6 million, compared with Yen 205
million recurring profit and Yen 112 million net profit, respectively, a year
ago.
For the current term ending Mar 2012 the recurring profit is projected
at Yen 35 million and the net profit at Yen 10 million, respectively, on a 5%
rise in turnover, to Yen 5,500 million.
Consumer spending recovered. Wine
drinks are popular. Multi-national food
bars will fare well.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 90.5 million, on 30 days normal terms.
REGISTRATION
Date Registered: Aug 1985
Regd No.: (Tokyo-Minatoku) 031338
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
8,000 shares
Issued: 3,200 shares
Sum: Yen 165 million
Major shareholders (%): Hiroyuki Watanabe (35),
Mitsubishi Corp (15), Junko Watanabe (5), Sanko Telecom (3), Toyota Tsusho Corp
(3)
No. of shareholders: 30
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, wholesales and retails (online shop) foods, liquors, other (80%); operates restaurants (20%). (Breakdowns are all about)
(Handling Items):
Food Division: curries, soup, cooked rice, confectionery, other;
Non-Alcoholic Drinks Division: Hawaiian Sun, pineapple juice, tropical ice tea, nectar, appetizer, Inca Kola, coconuts juice;
Alcoholic Drinks Division: wine, beer, vodka, whisky, margarita, other;
Restaurants Division: operates two restaurants: BRASSRIE VA-TOUT (North French food & wine restaurant), AGAVE (tequila bar), both in Roppongi, Tokyo
Clients: [Mfrs, wholesalers] Mitsubishi Corp, JC Comsa Corp, Pampas, Kyoritsu Food Co Inc, Nippon Access Inc, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Mitsubishi Corp, Nestle Japan, Toyota Tsusho Corp, Hershey International, AGNEST 1824 Spa, other
Imports from Latin America, Europe, Asia, other
Payment record: Regular
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
Resona
Bank (Akasaka)
MUFG
(Toranomon-Chuo)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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5,500 |
5,247 |
5,940 |
7,129 |
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Recur.
Profit |
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35 |
32 |
205 |
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Net
Profit |
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10 |
6 |
112 |
136 |
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Total
Assets |
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3,667 |
4,317 |
4,172 |
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Current
Assets |
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3,244 |
3,933 |
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Current
Liabs |
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1,057 |
1,735 |
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Net
Worth |
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1,034 |
1,043 |
946 |
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Capital,
Paid-Up |
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160 |
160 |
160 |
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Div.P.Share(¥) |
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150.00 |
150.00 |
150.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.82 |
-11.67 |
-16.68 |
18.78 |
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Current Ratio |
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.. |
306.91 |
226.69 |
.. |
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N.Worth Ratio |
.. |
28.20 |
24.16 |
22.67 |
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R.Profit/Sales |
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0.64 |
0.61 |
3.45 |
.. |
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N.Profit/Sales |
0.18 |
0.11 |
1.89 |
1.91 |
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Return On Equity |
.. |
0.58 |
10.74 |
14.38 |
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Notes:
Forecast (or estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.43.95 |
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UK Pound |
1 |
Rs.72.12 |
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Euro |
1 |
Rs.63.67 |
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.