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Report Date : |
19.04.2012 |
IDENTIFICATION DETAILS
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Name : |
GREENWINGS |
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Registered Office : |
Ena-Azabudai Bldg 3F, 1-9-19 Azabudai Minatoku |
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Country : |
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Financials (as on) : |
30.06.2011 |
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Date of Incorporation : |
May 1997 |
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Com. Reg. No.: |
0104-01-032653 (Tokyo-Minatoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of cut flowers |
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No. of Employees : |
14 |
RATING & COMMENTS
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MIRAs 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 34.2 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
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
GREENWINGS JAPAN KK
REGD NAME: KK
Greenwings
MAIN OFFICE: Ena-Azabudai
Bldg 3F, 1-9-19 Azabudai Minatoku
Tel:
03-4550-1587 Fax: 03-4550-1588
E-Mail address: (thru the URL)
Import, wholesale
of cut flowers
Narita, Osaka
JEAN-PHILLIPE
OULEVEY, PRES
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen
1,890 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
10 M
TREND SLOW WORTH Yen
392 M
STARTED 1997 EMPLOYES 14
IMPORTER OF CUT FLOWERS, OWNED BY GREENWINGS HOLDINGS BV
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
YEN 34.2 MILLION, 30 DAYS NORMAL TERMS
The subject company was established
by Greenwings Holdings BV (Netherlands), as its marketing arm in Japan. This is a trading firm for importing and
wholesaling cut flowers. Cut flowers are
imported widely from: China, Taiwan, Holland, Kenya, Vietnam, Columbia,
Ecuador, Chile, New Zealand, other.
Financial are only partially
disclosed.
The sales volume for Jun/2011 fiscal term amounted to Yen 1,890 million,
a similar amount in the previous term.
The net profit was posted at Yen 40 million, similarly in the previous
year.
For the current term ending Jun 2012
the net profit is projected at Yen 40 million, on a 3% rise in turnover, to Yen
1,950 million.
The financial situation is considered
maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 34.2
million, on 30 days normal terms.
Date Registered: May
1997
Regd No.:
0104-01-032653 (Tokyo-Minatoku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 200 shares
Issued: 200 shares
Sum: Yen 10 million
Major
shareholders (%): Greenwings Holdings BV (Holland) (100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and
wholesales cut flowers (100%)
Clients: Flower shops,
chain stores, other
No. of accounts:
100
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers]
Imports from China, Taiwan, Holland, Kenya, Vietnam, Columbia, Chile, New
Zealand, Ecuador, other
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Mizuho Bank
(Kamiyacho)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
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30/06/2012 |
30/06/2011 |
30/06/2010 |
30/06/2009 |
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Annual
Sales |
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1,950 |
1,890 |
1,900 |
1,900 |
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Recur.
Profit |
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Net
Profit |
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40 |
40 |
40 |
40 |
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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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392 |
352 |
312 |
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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 |
3.17 |
-0.53 |
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 |
2.05 |
2.12 |
2.11 |
2.11 |
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Notes: Financials
are only partially disclosed.
Forecast (or
estimated) figures for the 30/06/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.89 |
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|
1 |
Rs.83.18 |
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Euro |
1 |
Rs.68.06 |
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 SCs 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.