MIRA INFORM REPORT

 

 

Report Date :           

03.02.2012

 

IDENTIFICATION DETAILS

 

Name :

DIVINO CORPORATION

 

 

Registered Office :

Maya Daini Bldg 3F, 1-2-5 Minamihonmachi Chuoku Osaka 541-0054

 

 

Country :

Japan

 

 

Financials (as on) :

31.07.2011

 

 

Date of Incorporation :

August 2009

 

 

Com. Reg. No.:

(Osaka-Chuoku) 139489

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of wines from Italy

 

 

No. of Employees :

08

 

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 3.2 Million

Status :

Small Company 

Payment Behaviour :

No Complaints

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

 

DIVINO CORPORATION

 

 

REGD NAME

 

Divino KK

 

 

MAIN OFFICE

 

Maya Daini Bldg 3F, 1-2-5 Minamihonmachi Chuoku Osaka 541-0054 JAPAN

Tel: 06-6121-6315      Fax: 06-6121-6316

                                               

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

E-Mail address:                        torre@divino.co.jp

 

 

ACTIVITIES  

 

Import, wholesale of wines from Italy

 

 

BRANCHES

 

Nil

 

 

OFFICERS

 

NORIYUKI NITTA, PRES                                                           

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    R/WEAK                       A/SALES          Yen 174 M

PAYMENTS                  No Complaints          CAPITAL           Yen 9 M

TREND             UP                                WORTH            Yen 18 M

STARTED                     2009                             EMPLOYES      8

 

COMMENT    

 

TRADING FIRM SPECIALIZING IN WINES.

 

FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 3.2 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Noriyuki Nitta in order to make most of his experience in the subject line of business.  This is a trading firm for import and wholesale of wines, Italian foodstuffs, other.  Goods are imported from Italy.  Clients include wine shops, supermarkets, other.

 

 

FINANCIAL INFORMATION

 

The sales volume for Jul/2011 fiscal term amounted to Yen 174 million, a 47% up from Yen 118 million in the previous term.  Client networks expanded in the second year term.  The recurring profit was posted at Yen 2 million and the net profit at Yen 2 million, respectively, compared with Yen 16 million recurring loss and Yen 16 million net losses, respectively, a year ago.

 

For the current term ending Jul 2012 the recurring profit is projected at Yen 3 million and the net profit at Yen 3 million, respectively, on a 3% rise in turnover, to Yen 180 million.  Business is seen expanding steadily. 

 

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.  Max credit limit is estimated at Yen 3.2 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Aug 2009

Regd No.:         (Osaka-Chuoku) 139489

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         700 shares

Issued:                198 shares

Sum:                   Yen 9.9 million

Major shareholders (%): Noriyuki Nitta (100)

No. of shareholders: ^

 

Nothing detrimental is known as to his commercial morality.

 

OPERATION

           

Activities: Imports and wholesales wines, foodstuffs, other, all from Italy (--100%)

 

Clients: [Wholesalers, restaurants] S-AAS Co, IKD, Matsuya Corp, other

            No. of accounts: 50

            Domestic areas of activities: Centered in greater-Osaka

 

Suppliers: [Wineries, wholesalers] Imports from Italy

 

Payment record: No Complaints

 

Location: Business area in Osaka.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

Kinki Osaka Bank (Semba)

MUFG (Semba)

Relations: Money deposits & transfers only

 

 

FINANCES

 

(In Million Yen)

       Terms Ending:

31/07/2012

31/07/2011

31/07/2010

Annual Sales

　

180

174

118

Recur. Profit

　

3

2

-16

Net Profit

　

3

2

-16

Total Assets

　

　

59

56

Current Assets

　

　

57

53

Current Liabs

　

　

21

28

Net Worth

　

　

18

-6

Capital, Paid-Up

　

　

9

9

Div.P.Share(¥)

　

　

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

    S.Growth Rate

3.45

47.46

- - -..

    Current Ratio

 

..

271.43

189.29

    N.Worth Ratio

..

30.51

-10.71

    R.Profit/Sales

 

1.67

1.15

-13.56

    N.Profit/Sales

1.67

1.15

-13.56

    Return On Equity

..

11.11

..

 

Notes: The 31/07/2010 Fiscal Term is the initial accounting term from the inception.

Forecast (or estimated) figures for the 31/07/2012 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.13

UK Pound

1

Rs.77.85

Euro

1

Rs.64.78

 

 

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.