MIRA INFORM REPORT

 

 

Report Date :

24.08.2012

 

IDENTIFICATION DETAILS

 

Name :

GENOS WINE MERCHANT KK

 

 

Registered Office :

1-9-3 Nakameguro Meguroku Tokyo 153-0061

 

 

Country :

Japan

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

October 2006

 

 

Com. Reg. No.:

0132-01-012722 (Tokyo-Meguroku)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import of wine, export of sake, liquor

 

 

No. of Employees :

04 employees

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company 

Payment Behaviour :

No Complaints

Litigation :

Clear

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)

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

 

GENOS WINE MERCHANT KK

 

 

REGD NAME

 

Genos Wine Merchant KK

 

 

MAIN OFFICE

 

1-9-3 Nakameguro Meguroku Tokyo 153-0061 JAPAN

Tel: 03-5773-4782      Fax: 03-3793-3175

 

URL:                 http://www.genos.co.jp

E-Mail address:            (thru the URL)

 

 

ACTIVITIES  

 

Import of wine, export of sake, liquor, other

 

 

BRANCHES

 

Nil

 

 

OFFICERS

 

TATSUO TANABE, PRES          Tetsuji Mitsuyoshi, dir

Akihiko Shimada, dir      Hideji Itoh, dir

           

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES        FAIR                             A/SALES          Yen 183 M

PAYMENTS No Complaints   CAPITAL           Yen 10 M

TREND SLOW                          WORTH            Yen 32 M

STARTED         2006                             EMPLOYES      4

 

COMMENT

 

IMPORTER OF WINE, EXPORTER OF SAKE.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS BUT DOUBTFUL FOR CREDIT ENGAGEMENTS: US$100,000.00.

                       

 

HIGHLIGHTS

 

The subject company was established on the basis of a trading division separated from Genos Group KK (See REGISTRATION).  This is a trading firm for import of wines and export of Japanese sake, other.  Wines are imported from France, Italy, Spain Chile, USA, other and shipped to major department stores nationwide.

 

 

FINANCIAL INFORMATION

           

The sales volume for Dec/2011 fiscal term amounted to Yen 183 million, a 10% down from Yen 234 million in the previous term.  Wine prices declined.  Export revenues were hurt by the high Yen, reducing largely in Yen terms.  The net profit was posted at Yen 10 million, compared with Yen 9 million a year ago.

 

For the current term ending Dec 2012 the net profit projected at Yen 12 million, respectively, on a 4% rise in turnover, to Yen 190 million.

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  The proposed amount is, however, considered TOO HIGH from the recent financial status. 

 

 

REGISTRATION

 

     Date Registered:  Oct 2006

Regd No.:         0132-01-012722 (Tokyo-Meguroku)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800 shares

Issued:                200 shares

Sum:                   Yen 10 million

     Major shareholders (%): Genos Group KK* (100)

 

*.. Holding company, at the caption address, founded 1984, capital Yen 100 million, Turnover Yen 11,788 million, employees 190, pres Tatsuo Tanabe, concurrently

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

           

Activities: Imports wines, liquor, whisky; exports Japanese sake, others (--100%)

 

Clients: [Department stores, wholesalers] Genos Group, Marui Co, Isetan Mitsukoshi, Daimaru Matsuzakaya, Hankyu Hanshin Department Store, other 

            No. of accounts: 300

            Domestic areas of activities: Nationwide

Suppliers: [Wineries, wholesalers] Imports from France, Italy, USA, Spain, Chile, other

 

Payment record: No Complaints

 

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

 

Bank References:

MUFG (Ekoda)

Resona Bank (Nihombashi)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

       Terms Ending:

31/12/2012

31/12/2011

31/12/2010

31/12/1009

Annual Sales

　

190

183

234

159

Recur. Profit

　

　

　

　

　

Net Profit

　

12

10

9

9

Total Assets

　

　

159

181

221

Current Assets

　

　

159

181

221

Current Liabs

　

　

126

159

209

Net Worth

　

　

32

22

12

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.83

-21.79

47.17

-7.02

    Current Ratio

 

..

126.19

113.84

105.74

    N.Worth Ratio

..

20.13

12.15

5.43

    R.Profit/Sales

 

..

..

..

..

    N.Profit/Sales

6.32

5.46

3.85

5.66

    Return On Equity

..

31.25

40.91

75.00

 

Notes: Forecast (or estimated) figures for the 31/12/2012 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.19

UK Pound

1

Rs.87.65

Euro

1

Rs.69.16

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.