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Report Date : |
25.02.2012 |
IDENTIFICATION DETAILS
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Name : |
LIQUOR MOUNTAIN CO LTD |
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Registered Office : |
Kyoto Kowa Bldg 4F, 82 Tachiurinishi-Machi Takakura-Nishi-iru Shijodori Shimogyoku Kyoto 600-8007 |
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Country : |
Japan |
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Financials (as on) : |
31.01.2011 |
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Date of Incorporation : |
February 1990 |
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Com. Reg. No.: |
1600-01-007171 (Gifu-Nagahama) |
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Legal Form : |
Limited Company |
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Line of Business : |
Liquor shop operator |
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No. of Employees : |
408 |
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 801.6 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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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 September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 |
LIQUOR MOUNTAIN CO LTD
REGD NAME: KK
Liquor Mountain
MAIN OFFICE: Kyoto
Kowa Bldg 4F, 82 Tachiurinishi-Machi Takakura-Nishi-iru Shijodori
Shimogyoku Kyoto
600-8007 JAPAN
Tel: 075-213-8200 Fax: 075-213-8250
*.. Registered at: 193
Nagahama Gifu-Pref
URL: http//:www.likaman.co.jp
E-mail: (thru the URL)
Liquor shop
operator
105 stores: Kyoto
(33), Shiga (23), Gifu (12), Osaka (4), Aichi (23), Mie (8),
Shizuoka (2)
NOBUO YAMANE, PRES Shoichi Tsuchimoto, v pres
Yoshihiro Honda,
mgn dir Satoru
Iwashima, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 36,684 M
PAYMENTS REGULAR CAPITAL Yen
200 M
TREND STEADY WORTH Yen
2,051 M
STARTED 1990 EMPLOYES 408
LIQUOR SHOP
OPERATOR
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS
MAX CREDIT LIMIT:
YEN 801.6 MILLION, 30 DAYS NORMAL TERMS
The subject company was established
by Taishiro Yamane originally in 1897 for selling liquor, on his account. Incorporated in 1990, the firm was succeeded
by his descendants. This is a liquor
shop operator, operating 105 stores centrally in Kyoto and vicinity
prefectures. Handles wine, whisky,
brandy, beer and food products. Opened
web shop in Mar 2000. Goods are also
sold on membership system, the members of which surpassed 970,000 in Jun
2009. Started to import beer from Tibet
in Jun/2011.
The sales volume for Jan/2011 fiscal
term amounted to Yen 36,684 million, a 6% up from Yen 34,448 million in the
previous term. 5 new stores opened
during the term. The recurring profit
was posted at Yen 894 million and the net profit at Yen 474 million,
respectively, compared with Yen 786 million recurring profit and Yen 401
million net profit, respectively, a year ago.
For the term just ended Jan 2012 the
recurring profit was projected at Yen 900 million and the net profit at Yen 490
million, respectively, on a 5% rise in turnover, to Yen 38,500 million. 3 new stores opened. Newly imported beer from Tibet may have
contributed to the sales growth. Final
results are yet to be released.
The financial situation is
considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 801.6
million, on 30 days normal terms.
Date Registered: Feb
1990
Regd No.:
1600-01-007171 (Gifu-Nagahama)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 16,000 shares
Issued: 4,000 shares
Sum: Yen 200 million
Major
shareholders (%): Nobuo Yamane (50.3), Ibukiyama* (21.1), Taishi Yamane (10.1),
Employees S/Holding Assn (6.6). *
Holding company owned by the Yamane family.
No. of shareholders: 12
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Liquor shop
operator, including online shops, handling wine, whisky, brandy, beer &
food products (--100%)
Goods are imported from USA, Canada, Chile, Australia,
New Zealand, UK, France, Italy, Spain, Belgium, Austria, Czech Republic,
Thailand, South Africa, Tibet, other.
(Stores): 105 stores: Kyoto 33, Shiga 23, Gifu 12,
Osaka 4, Aichi 23, Mie 8, Shizuoka 2
Clients: Consumers
No. of accounts:
Unavailable
Domestic areas of
activities: Centered in Kyoto and vicinities
Suppliers: [Mfrs,
wholesalers] Imports from USA, Canada, Chile, Australia, New Zealand, UK,
France, Germany, Italy, Spain, Belgium, Austria, Czech Republic, Thailand,
South Africa, Tibet, other.
Domestically from: Yatani Liquor, S Surf Co,
Kato Sangyo Co, JT, Mitsubishi Shokuhin Co, Kokubu & Co, Iida & Co,
other
Payment record: Regular
Location: Business area in
Kyoto. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Shiga Bank (Kyoto)
MUFG (Kyoto)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/01/2012 |
31/01/2011 |
31/01/2010 |
31/01/2009 |
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Annual
Sales |
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38,500 |
36,684 |
34,448 |
32,046 |
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Recur.
Profit |
|
900 |
894 |
786 |
540 |
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Net
Profit |
|
490 |
474 |
401 |
246 |
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Total
Assets |
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6,835 |
6,884 |
6,352 |
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Current
Assets |
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4,240 |
4,262 |
3,672 |
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Current
Liabs |
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|
3,422 |
3,591 |
3,158 |
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Net
Worth |
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|
2,051 |
1,607 |
1,228 |
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Capital,
Paid-Up |
|
|
200 |
200 |
200 |
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Div.P.Share(₯) |
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|
35.00 |
35.00 |
35.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.95 |
6.49 |
7.50 |
10.33 |
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Current Ratio |
|
.. |
123.90 |
118.69 |
116.28 |
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N.Worth Ratio |
.. |
30.01 |
23.34 |
19.33 |
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R.Profit/Sales |
|
2.34 |
2.44 |
2.28 |
1.69 |
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N.Profit/Sales |
1.27 |
1.29 |
1.16 |
0.77 |
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Return On Equity |
.. |
23.11 |
24.95 |
20.03 |
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Notes: Forecast
(or estimated) figures for the 31/01/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.06 |
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|
1 |
Rs.77.19 |
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Euro |
1 |
Rs.65.57 |
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 |
-- |
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.