MIRA INFORM REPORT
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Report Date : |
21.10.2011 |
IDENTIFICATION DETAILS
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Name : |
CITTA D ITALIA JAPAN POTTERY |
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Registered Office : |
39-18 Daikancho Higashiku Nagoya 461-0002 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
January 1993 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import, Wholesale, Retail of
wines, pasta, cheese, ham |
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 1.2 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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
CITTA D ITALIA JAPAN POTTERY
REGD NAME
YK Citta D Italia
MAIN OFFICE
39-18 Daikancho
Higashiku Nagoya 461-0002 JAPAN
Tel:
052-930-2774 Fax: 052-930-2771
URL: http://www.cittaitalia.com
E-Mail address: info@cittaitalia.com
ACTIVITIES
Import,
wholesale, retail of wines, pasta, cheese, ham
BRANCHES
Gifu (shop)
OFFICERS
M
NEAT, PRES (only phonetically spelled)
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 70 M
PAYMENTS REGULAR CAPITAL Yen 3 M
TREND SLOW WORTH Yen
40 M
STARTED 1993 EMPLOYES 2
COMMENT
TRADING FIRM SPECIALIZING IN IMPORT OF WINES FROM ITALY.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 1.2 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by M Neat originally in 1993 in order to make most of his experience in the subject line of business, and was incorporated in 1993. This is a trading firm specializing in import, wholesale and retails wines, cheese, pasta, other Italian foods.
FINANCIAL INFORMATION
Financial are only partially disclosed.
The sales volume for Mar/2011 fiscal term amounted to Yen 70 million, a similar amount in the previous term. The net profit was posted at Yen 3 million, similarly in the previous term.
For the current term ending Mar 2012 2011 the net profit is projected at Yen 3 million, on a similar turnover, at Yen 70 million.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 1.2 million, on 30 days normal terms.
REGISTRATION
Date Registered: Jan 1993
Legal Status:
Private Limited Company (Yugen Kaisha)
Regd capital: Yen
3 million
Major shareholders (%): M Neat (100)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, wholesales and retails wines, cheese pasta, ham, other (--100%)
Clients: Consumers, wine shops, restaurants, other
No. of accounts: Unavailable
Domestic areas of activities: Centered in Aichi-Pref
Suppliers: [Wineries, wholesalers] Citta D Italia, other
Payment record: Regular
Location: Business area in Nagoya. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
· Gifu Shinkin Bank (Akabe)
· Juroku Bank (Ichihashi)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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70 |
70 |
70 |
70 |
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Recur.
Profit |
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Net
Profit |
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3 |
3 |
3 |
3 |
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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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40 |
37 |
34 |
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Capital,
Paid-Up |
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3 |
3 |
3 |
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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 |
0.00 |
0.00 |
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 |
4.29 |
4.29 |
4.29 |
4.29 |
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Notes:
Financials are only partially disclosed.
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 |
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US Dollar |
1 |
Rs.49.71 |
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UK Pound |
1 |
Rs.78.09 |
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Euro |
1 |
Rs.68.05 |
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.