MIRA INFORM REPORT
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Report Date : |
03.05.2011 |
IDENTIFICATION DETAILS
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Name : |
JAPAN MYCELLA CO LTD |
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Registered Office : |
Nippon Mycella Bldg, 3-1-1 Nihombashi-Hamacho Chuoku Tokyo 103-0007 |
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Country : |
Japan |
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Financials (as on) : |
30.09.2010 |
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Date of Incorporation : |
September
1967 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale,
retail of cheese |
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 61.2 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
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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
JAPAN MYCELLA CO LTD
REGD NAME
Nippon Mycella KK
MAIN OFFICE
Nippon Mycella
Bldg, 3-1-1 Nihombashi-Hamacho Chuoku Tokyo 103-0007 JAPAN
Tel:
03-3661-9991 Fax: 03-3669-4998
URL: http://www.mycella.com
E-Mail address: contact@mycella.com
ACTIVITIES
Import,
wholesale, retail of cheese
BRANCHES
Tokyo,
Osaka, Nagoya, Hiroshima, Fukuoka, Sendai, Sapporo (--in-shops)
FACTORY
Kobe
(Processing yard)
OFFICERS
NOBUTERU
MAEDA, PRES Hideaki
Maeda, dir
Rika Mizumoto, dir Shigekazu
Yamanaka, dir
Nobuyuki Umehara, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 3,500 M
PAYMENTS REGULAR CAPITAL Yen 80 M
TREND SLOW WORTH Yen
327 M
STARTED 1967 EMPLOYES 90
COMMENT
IMPORTER, WHOLESALER & RETAILOR OF CHEESE.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 61.2 MILLION, 30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The subject company was established by Nobuteru Maeda in order to make
most of his
experience in foreign trading. This
is a trading firm specializing in import and wholesale of cheese. Goods are also retailed at in-shops in
department stores, and online, too. Shop
name is “Cheese Over the Table”. Goods
are imported from Europe centrally and shipped to department stores, hotels,
café, supermarkets, other, nationwide.
FINANCIAL INFORMATION
The firm does not disclose any of its financials. The following figures have been obtained from
outside sources.
The sales volume for Sept/2010 fiscal term amounted to Yen 3,500
million, a 3% down from Yen 3,600 million in the previous term, as affected by
the global economic downturn particularly in the first half of the term. Consumer spending was sluggish. The net profit was posted at Yen 18 million,
compared with Yen 20 million a year ago.
For the current term ending Sept 2011 the net profit is projected at Yen
17 million, on a similar turnover, at Yen 3,500 million. Consumer spending is sluggish. High Yen will erode earnings & profits in
Yen terms.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 61.2 million, on 30 days normal terms.
REGISTRATION
Date Registered: Sept1967
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized: 640,000 shares
Issued:
160,000 shares
Sum: Yen 80
million
Major shareholders (%):
Nobuteru Maeda (100)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, wholesales
and retails natural cheese (100%).
Clients: [Department
stores, wholesalers, hotels] Isetan, Matsuzakaya, Mitsukoshi, Hankyu Department
Stores, Daimaru, Takashimaya, Tenmaya, Matsuya, Ito-Yokado, Osaka Hilton Hotel,
Kinokuniya, Meidi-Ya, Hotel New Otani, Miyako Hotel, Washington Hotel, Nippon
Access, other.
No. of accounts: 3,000
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Imports from Bongrain, Laita, F X (--France), Grunland (Ger-many),
Castello, Aria, Urenholt (--Denmark), Swallow, Primo Foods (--Holland),
Fantacini, Naturale Italiano, Castelli, Santi (--Italy), Weerie (Austria), Von
Muhiene (Switz), Coombe Castle (UK),
Rocinante (Spain), Woerle (Austria), Kolios (Greece), other.
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Mizuho
Bank (Kabutocho)
SMBC
(Nihombashi-Higashi)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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30/09/2011 |
30/09/2010 |
30/09/2009 |
30/09/2008 |
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Annual
Sales |
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3,500 |
3,500 |
3,600 |
3,900 |
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Recur.
Profit |
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Net
Profit |
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17 |
18 |
20 |
23 |
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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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327 |
315 |
301 |
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Capital,
Paid-Up |
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80 |
80 |
80 |
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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 |
0.00 |
-2.78 |
-7.69 |
-2.50 |
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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 |
0.49 |
0.51 |
0.56 |
0.59 |
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Note: The firm does not disclose its financials and these
figures have been provided from outside souses.
Forecast
(or estimated) for the 30/09/2011 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.33 |
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UK Pound |
1 |
Rs.73.89 |
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Euro |
1 |
Rs.65.57 |
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.