MIRA INFORM REPORT
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Report Date : |
09.04.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
OVERSEAS VINARTE CO LTD |
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Registered Office : |
5-11-10 Daita
Setagayaku |
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Country : |
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Financials (as on) : |
31.05.2011 |
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Date of Incorporation : |
November
1996 |
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Com. Reg. No.: |
0109-01-002294
(Tokyo-Setagayaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale
of wines, foodstuffs |
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No. of Employees
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40 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 192.6 Million |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
OVERSEAS VINARTE CO LTD
KK Overseas
5-11-10 Daita
Setagayaku
Tel:
03-5779-7545 Fax: 03-5779-7590
URL: http://www.overseasvinarte.co.jp
(under construction)
E-Mail address: overseas@topaz.ocn.ne.jp
Import,
wholesale of wines, foodstuffs
Nil
NOBUO
ODA, PRES
Setsuko
Oda, dir
Masami
Hamaoka, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen
10,461 M
PAYMENTS No Complaints CAPITAL Yen
10 M
TREND STEADY WORTH Yen 850 M
STARTED 1996 EMPLOYES 40
IMPORTER
AND WHOLESALER SPECIALIZING IN WINES & FOODS, OWNED BY CAMEL COFFEE CO
LTD.
FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT ENGAGEMENTS: US$100,000.00.
MAX
CREDIT LIMIT: YEN 192.6 MILLION, 30 DAYS NORMAL TERMS.
The subject company was established on the basis of a trading division separated from Camel Coffee Co Ltd, retailer of imported foodstuffs, Tokyo (see REGISTRATION), in order to focus on wine imports. Nobuo Oda is concurrently pres at the parent, and Setsuko Oda is executive director. The subject is virtually the import division of the parent, though separately & independently organized, for import of wines and other foodstuffs from Italy, France, Germany, UK, Netherlands, other. Major portion of the imports are shipped to the parent, but sales networks expanded into hotel chains, department stores, food stores, wine shops, etc, nationwide. Now operates 236 “Kaldi Coffee Shops” nationwide, plus 5 each café/restaurants domestically and overseas.
Financials are only partially disclosed.
The sales volume for May/2011 fiscal term amounted to Yen 10,461 million, a 40% up from Yen 7,500 million in the previous term. This is attributed to the increased number of new store openings by the parent, creating robust demand for imported wines & foodstuffs, also the expansion of client networks into department store chains. The net profit was posted at Yen 398 million, compared with Yen 95 million the previous term. The net profits may include some extraordinary profits but details have not been clarified.
For the current term ending May 2012 the net profit is projected at Yen 150 million, on a 5% rise in turnover, to Yen11,000 million. New store openings by the parent will continue.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 192.6 million, on 30 days normal terms.
Date Registered: Nov 1996
Regd No.: 0109-01-002294 (Tokyo-Setagayaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
800 shares
Issued:
200 shares
Sum: Yen 10
million
Major shareholders (%):
Camel Coffee Co Ltd*(40), Nobuo Oda (30), Setsuko Oda (30)
No. of
shareholders: 3
*.. Imported foods store chain operator of 236 stores (Kaldi Coffee Farm) nationwide, including one in Thailand, based in Tokyo, owned by Nobuo Oda and families, founded 1977, capital Yen 50 million, turnover Yen 41,300 million, net profit Yen 400 million, employees 730, pres Nobuo Oda concurrently.
Nothing detrimental is known as to the commercial morality of executives.
Activities: Imports and wholesales wines & foodstuffs (100%).
(Foodstuffs include): bottled/canned foods, olive oils, sauces, jam, spaghetti, pasta, pasta sauces, olives, tomatoes, cookies, other.
Imports from:
Clients: [Food dealers, hotels, department stores] Camel Coffee Co, Kokubu Ltd, Tokyu Hands, Au Printemps Ginza, Mitsukoshi Isetan, Wataru & Co, Hotel New Otani, Daimaru Peacock, Tokyu Hands, Sanyodo, Mitsubishi Foods, KNT Co, Senshukai, other.
No. of accounts: 300-500
Domestic areas of activities: Nationwide
Suppliers: [Negociants, food dealers] Imports from L’epicurian, Seitenbacher, Inko Foods, Mezzetta, Weiss, Clearly’s, other Italy, France, Germany, UK, Netherlands, Belgium, Canada, USA, Indonesia, Thailand, Australia, Philippines, other.
Payment record: No Complaints
Location:
Business area in
Bank References:
Mizuho
Bank (Aoyama)
Bank
of
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
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31/05/2012 |
31/05/2011 |
31/05/2010 |
31/05/2009 |
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Annual
Sales |
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11,000 |
10,461 |
7,500 |
6,000 |
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Recur.
Profit |
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Net
Profit |
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150 |
398 |
95 |
75 |
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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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850 |
452 |
357 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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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 |
5.15 |
39.48 |
25.00 |
36.67 |
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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 |
1.36 |
3.80 |
1.27 |
1.25 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/05/2012 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.51.05 |
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1 |
Rs.81.09 |
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Euro |
1 |
Rs.67.39 |
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.