MIRA INFORM REPORT

 

 

Report Date :           

15.10.2011

 

IDENTIFICATION DETAILS

 

Name :

AVICO INC

 

 

Registered Office :

Ryoko Akasaka Mansion 204, 8-13-23 Akasaka Minatoku Tokyo 107-0052

 

 

Country :

Japan

 

 

Financials (as on) :

30.06.2011

 

 

Date of Incorporation :

December 2000

 

 

Com. Reg. No.:

(Tokyo-Minatoku) 020687

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Import, wholesale of Italian wines, foodstuffs       

 

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 3.3 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 30th, 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

 

AVICO INC

 

 

REGD NAME 

 

YK Avico

 

 

MAIN OFFICE

 

Ryoko Akasaka Mansion 204, 8-13-23 Akasaka Minatoku Tokyo 107-0052, JAPAN

Tel: 03-5771-7223      Fax: 03-5771-7138

                                               

URL:                             http://www.avico.jp

E-Mail address:                        support@avico.jp

 

 

ACTIVITIES  

 

Import, wholesale of Italian wines, foodstuffs

 

 

BRANCHES   

 

Nil

 

 

OFFICERS

 

TOSHIHIKO AKAGE, PRES                  

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    R/WEAK                       A/SALES          Yen 186 M

PAYMENTS                  REGULAR                     CAPITAL           Yen 5 M

TREND             SLOW                          WORTH            Yen 61 M

STARTED                     2000                             EMPLOYES      3

 

COMMENT    

 

ITALIAN WINE IMPORTER.

 

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

                       

MAX CREDIT LIMIT: YEN 3.3 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

 

The subject company was established by Toshihiko Agake in order to make most of his experience in the subject line of business.  This is a trading firm for import and wholesale of Italian wines centrally, Italian foods, other.  Goods are partially retailed online.  Clients include department stores, wine shops, other, nationwide.

 

 

FINANCIAL INFORMATION

           

Financial are only partially disclosed.

 

The sales volume for Jun/2010 fiscal term amounted to Yen 186 million, a 6% down from Yen 197 million in the previous term.  Wine prices declined in Japanese Yen as affected by the high Yen.  The net profit was posted at Yen 7 million, compared with Yen 6 million a year ago.

 

For the term that ended Jun 2011 the net profit was projected at Yen 7 million, on a 2% rise in turnover, to Yen 190 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 3.3 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Dec 2000

Regd No.:         (Tokyo-Minatoku) 020687

Legal Status:      Private Limited Company (Yugen Kaisha)

Regd Capital:      Yen 5 million

Major shareholders (%): Toshihiko Agake (100)

 

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

           

Activities: Imports, wholesales and retails (online) Italian wines, Italian foods, others (--100%)

 

Clients: [Department stores, wholesalers, wine shops, consumers] Tatsumi Foods, Toa Shoji Co, other

            No. of accounts: 300

            Domestic areas of activities: Nationwide

 

Suppliers: [Wineries, wholesalers] Imports from Italy

 

Payment record: Regular

 

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

 

Bank References:

·         SMBC (Azabu)

·         Yachiyo Bank (Aoyamadori)

Relations: Money deposits and transfers only

 

FINANCES

(In Million Yen)

Terms Ending:

　

30/06/2011

30/06/2010

30/06/2009

30/06/2008

Annual Sales

　

190

186

197

193

Recur. Profit

　

　

　

　

　

Net Profit

　

7

7

6

5

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

61

54

48

Capital, Paid-Up

　

　

5

5

5

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.15

-5.58

2.07

-6.31

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

3.68

3.76

3.05

2.59

 

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.49.07

UK Pound

1

Rs.77.42

Euro

1

Rs.67.72

 

 

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.