MIRA INFORM REPORT

 

 

Report Date :           

24.10.2011

 

IDENTIFICATION DETAILS

 

Name :

CITTA D ITALIA JAPAN POTTERY

 

 

Registered Office :

39-18 Daikancho Higashiku Nagoya 461-0002

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2011

 

 

Year of Establishment :

January 1993

 

 

Com. Reg. No.:

(Gifu-Gifu) 001924

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Import, wholesale, retail of wines, pasta, cheese, ham

 

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 1.2 Million

Status :

Small Company  

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 and address

 

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 started by M Neat originally in Sept 1968 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

Regd No.:         (Gifu-Gifu) 001924

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.

 

Note:

 

This firm was incorporated in 1993 and was registered in May 2001. We have this confirmed with the Registration Office and Certificate.

 

 

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)

 

Terms Ending:

　

31/03/2012

31/03/2011

31/03/2010

31/03/2009

Annual Sales

　

70

70

70

70

Recur. Profit

　

　

　

　

　

Net Profit

　

3

3

3

3

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

40

37

34

Capital, Paid-Up

　

　

3

3

3

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

0.00

0.00

0.00

0.00

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

4.29

4.29

4.29

4.29

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/03/2012 fiscal term.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.06

UK Pound

1

Rs.79.15

Euro

1

Rs.69.03

 

 

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.