MIRA INFORM REPORT

 

 

Report Date :

25.11.2011

 

IDENTIFICATION DETAILS

 

Name :

ICHINOSE TRADING CO LTD

 

 

Registered Office :

1-38-10 Yayoicho Nakanoku Tokyo 164-0013

 

 

Country :

Japan

 

 

Financials (as on) :

31.05.2011

 

 

Date of Incorporation :

October 2000

 

 

Com. Reg. No.:

(Tokyo-Nakano) 006731

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Wholesale of wine/sake bottles, cork caps

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

Yen 15.0 Million

Status :

Moderate

Payment Behaviour :

Regular

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

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

 

ICHINOSE TRADING CO LTD

 

 

REGD NAME

 

Ichinose Trading KK

 

 

MAIN OFFICE

 

1-38-10 Yayoicho Nakanoku Tokyo 164-0013 JAPAN

Tel: 03-5304-4510      Fax: 03-5304-4511

                       

URL:                 N/A

 

 

ACTIVITIES

 

Wholesale of wine/sake bottles, cork caps

 

 

BRANCHES

 

Nil

 

 

OFFICERS

 

MASATAKA ICHINOSE, PRES              

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    FAIR                             A/SALES          Yen 800 M

PAYMENTS                  REGULAR                     CAPITAL           Yen 10 M

TREND             SLOW                          WORTH            Yen 165 M

STARTED                     2000                             EMPLOYES      3

 

COMMENT    

 

WHOLESALER OF WINE/SAKE BOTTLES.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 14.4 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Masatake Ichinose in order to make most of his experience in the subject line of business.  This is a wholesaler of wine/sake bottles, glass bottles, cork caps, other.  Clients include major wine, beer makers, nationwide.

 

 

FINANCIAL INFORMATION

           

Financial are only partially disclosed.

 

The sales volume for May/2011 fiscal term amounted to Yen 800 million, a similar amount in the previous term.  The firm initially projected sales to rise to Yen 850 million, but due to the North Japan Earthquake the factories were damaged and supply channel was disrupted.  There are many parts makers in the region.  Hence, the sales declined.  The net profit was posted at Yen 15 million, compared with Yen 20 million a year ago.

 

For the current term ending May 2012 the net profit is projected at Yen 15 million, on a 4% rise in turnover, to Yen 830 million.  Production has now been resumed to normal order. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 14.4 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Oct 2000

Regd No.:         (Tokyo-Nakano) 006731

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800 shares

Issued:                200 shares

Sum:                   Yen 10 million

Major shareholders (%): Masataka Ichinose (100)

 

Nothing detrimental is known as to his commercial morality.

 

OPERATION

           

Activities: Wholesales wine/sake bottles, cork stoppers, rubber caps, other (--100%)

 

Clients: [Mfrs, wholesalers] Kyowa Hakko Kirin Co, Asahi Breweries Ltd, Snow Brand Milk Products, Asahi Brewery, Hombo Shuzo Co, Monde Wine, other

            No. of accounts: 300

            Domestic areas of activities: Centered in greater-Tokyo

 

Suppliers: [Mfrs, wholesalers] Toyo Glass Co, Ishizuka Glass Co, Kamaya Kagaku Kogyo, other

 

Payment record: Regular

 

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

 

Bank References:

·         SMBC (Shinjuku)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/05/2012

31/05/2011

31/05/2010

31/05/2009

Annual Sales

　

830

800

800

900

Recur. Profit

　

　

　

　

　

Net Profit

　

15

15

20

25

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

165

150

130

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.75

0.00

-11.11

-10.00

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

1.81

1.88

2.50

2.78

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/05/2012 fiscal term.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.25

UK Pound

1

Rs.81.23

Euro

1

Rs.69.83

 

 

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.