MIRA INFORM REPORT
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Report Date : |
28.07.2011 |
IDENTIFICATION DETAILS
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Name : |
VIENT LTD
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Registered Office : |
No.1 SS Bldg 1F, 4-12-20 Hatchobori Chuoku
Tokyo 104-0032 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
February 2003 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import, wholesale
of fruits, honey, foods |
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 5.1 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 – 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
VIENT LTD
REGD NAME
YK Vient
MAIN OFFICE
No.1 SS Bldg 1F, 4-12-20
Hatchobori Chuoku Tokyo 104-0032 JAPAN
Tel:
03-5542-3795 Fax: 03-5542-3796
URL: www.vient.co.jp/
E-mail: info@vient.co.jp
ACTIVITIES
Import,
wholesale of fruits, honey, foods
BRANCHES
Nil
OFFICER(S)
HIDEKATSU
ISHIKAWA, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 280 M
PAYMENTS REGULAR CAPITAL Yen 20 M
TREND STEADY WORTH Yen
42 M
STARTED 2003 EMPLOYES 2
COMMENT
TRADING
FIRM FOR IMPORTING FRUITS & FOODS
FINANCIAL SITUATION CONSIDERED RATHER WEAK AND DOUBTFUL FOR CREDIT ENGAGEMENTS: CD$200,000.00.
MAX
CREDIT LIMIT: YEN 5.1 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Hidekatsu Ishikawa in order to
make most of his experience in the subject line of business. This is a family-based trading firm for
importing and wholesaling fruits, fruit juices, honey, and other foods. Goods are imported from Brazil, Panama,
other. Domestic clients include major
chain store operators, food specialized wholesalers, other, nationwide.
FINANCIAL INFORMATION
Financials are only partially disclosed as is the case with family-based
companies.
The sales volume for Mar/2010 fiscal term amounted to Yen 280 million, a
16% up from Yen 240 million in the previous term. This newly imported mangrove honey sold
well. Chain store sales rose. The operations came back profitability to
post Yen 24 million net profit, compared with Yen 2 million net losses a year
ago. The profits included some
extraordinary profits, details of which not disclosed.
For the term that ended Mar 2010 the net profit was projected at Yen 5
million, on a 5% rise in turnover, to Yen 295 million. Final results are yet to be released.
The financial situation is considered RATHER WEAK but should be good for
MODERATE business engagements. The
proposed amount, however, is considered TOO HIGH from the recent financial
status. Max credit limit is estimated at
Yen 5.1 million, on 30 days normal terms.
REGISTRATION
Date Registered: Feb
2003
Legal Status: Private Limited Company (Yugen Kaisha)
Regd Capital: Yen
20 million
Major shareholders (%):
Hidekatsu Ishikawa (100)
Nothing
detrimental is known as to his commercial morality.
OPERATION
Activities: Imports and
wholesales honey, mango juice, organic sugar, mango (Brazil), mineral water,
other foods (--100%).
Clients: [Chain stores,
food wholesalers] Aeon Co, CGC Japan, Ryoshoku, Mitsui Foods, Kanesue Shoji,
Tsuruya Corp, Subway Japan, Mammy Mart, other
No. of accounts: 300
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers [Mfrs,
wholesalers] Nova Frontera, C&P Agricols S, Panama SA, Merysol SA, South
Alder Far East, other,
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Tokyo
Tomin Bank (Kayabacho)
MUFG
(Urayasu)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/03/2011 |
31/03/2010 |
31/03/2009 |
31/03/2008 |
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Annual
Sales |
|
295 |
280 |
240 |
190 |
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Recur.
Profit |
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Net
Profit |
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5 |
24 |
-2 |
1 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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42 |
24 |
26 |
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Capital,
Paid-Up |
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|
20 |
20 |
20 |
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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 |
5.36 |
16.67 |
26.32 |
0.00 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
1.69 |
8.57 |
-0.83 |
0.53 |
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Notes:
Financials are only partially disclosed.
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.43.95 |
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UK Pound |
1 |
Rs.72.12 |
|
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.