MIRA INFORM REPORT

 

 

Report Date :           

27.01.2012

 

IDENTIFICATION DETAILS

 

Name :

N I CORPORATION

 

 

Registered Office :

Yamada Bldg 3F, 5-69 Ohtacho Nakaku Yokohama 231-0001

 

 

Country :

Japan

 

 

Financials (as on) :

30.11.2011

 

 

Date of Incorporation :

December 1994

 

 

Com. Reg. No.:

(Yokohama-Nakaku) 034841

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of wines, wine materials

 

 

No. of Employees :

02

 

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 3.9 Million

 

 

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 – 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

 

N I CORPORATION

 

 

REGD NAME

 

KK N. I. Corporation

 

 

MAIN OFFICE

 

Yamada Bldg 3F, 5-69 Ohtacho Nakaku Yokohama 231-0001 JAPAN

Tel: 045-663-1025      Fax: 045-663-1026

                                               

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

E-Mail address:            (thru the URL)

 

 

ACTIVITIES

 

Import, wholesale of wines, wine materials

 

 

BRANCHES

 

Nil

 

 

OFFICERS

 

EIICHIRO NAKAJO, PRES                    

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES                    R/WEAK                       A/SALES          Yen 218 M

PAYMENTS      No Complaints          CAPITAL           Yen 20 M

TREND             SLOW                          WORTH            Yen 20 M

STARTED                     1994                             EMPLOYES      2

 

COMMENT    

 

IMPORTER OF WINES.

 

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

                       

MAX CREDIT LIMIT: YEN 3.9 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Eiichiro Nakajo in order to make most of his experience in the subject line of business.  Originally established as Private Limited Company (Yugen Kaisha) and in 1999 upgraded to Limited Company (Kabushiki Kaisha), and increased the capital to Yen 20 million.  This is a family-based trading firm for import and wholesale of wines and wine materials, such as grape juice, etc.  Wines are imported both in bottles and bulk.  Imports from Australia, Chile, France, USA, Spain, other.  Clients include wine makers, soft drink makers, supermarkets, wine shops, other.

 

 

FINANCIAL INFORMATION

 

Financial are only partially disclosed as is the case with family-based companies.

 

The sales volume for Nov/2010 fiscal term amounted to Yen 218 million, a similar amount in the previous term.  The net profit was posted at Yen 14 million, compared with Yen 15 million a year ago.

 

For the term that ended Nov 2011 the net profit was projected at Yen 15 million, on an almost similar turnover, at Yen 220 million.  Final results are yet to be released.

 

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.  Max credit limit is estimated at Yen 3.9 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Dec 1994

Regd No.:         (Yokohama-Nakaku) 034841

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         1,600 shares

Issued:                400 shares

Sum:                   Yen 20 million

 

Major shareholders (%): Eiichiro Nakajo (100)

 

Nothing detrimental is known as to his commercial morality.

 

OPERATION

           

Activities: Imports and wholesales wines (bottled & bulk), grape juice, other wine materials (--100%)

 

Clients: Wine makers, soft drink makers, supermarkets, other

            No. of accounts: 100

            Domestic areas of activities: Centered in greater-Tokyo

 

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

Also supplied from domestic wine makers.

 

Payment record: No Complaints

 

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

 

Bank References:

·         SMBC (Yokohama)

·         Bank of Yokohama (H/O)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

30/11/2011

30/11/2010

30/11/2009

30/11/2008

Annual Sales

　

220

218

218

249

Recur. Profit

　

　

　

15

　

Net Profit

　

15

14

15

1

Total Assets

　

　

N/A

129

N/A

Net Worth

　

　

20

6

-9

Capital, Paid-Up

　

　

20

20

20

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

0.92

0.00

-12.45

-4.23

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

4.65

..

    N.Profit/Sales

6.82

6.42

6.88

0.40

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 30/11/2011 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.97

UK Pound

1

Rs.77.74

Euro

1

Rs.65.09

 

 

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.