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Report Date : |
25.07.2012 |
IDENTIFICATION DETAILS
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Name : |
MILLESIMES INC |
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Registered Office : |
Kanda 4th
Amerex Bldg, 2-13 Kanda-Tsukasacho Chiyodaku |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
July 1997 |
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Legal Form : |
Limited Company |
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Line of Business : |
Travel agency;
import, wholesale of wines, cigars |
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No. of Employees : |
60 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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) |
|
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 |
MILLESIMES INC
REGD NAME: KK Millesimes
MAIN OFFICE: Kanda
4th Amerex Bldg, 2-13 Kanda-Tsukasacho Chiyodaku Tokyo 101-0048
Tel:
03-3233-3801 Fax: 03-3295-5619
URL: www.millesimes.co.jp
E-Mail address: info@millesimes.co.jp ; esiinger@millesimes.co.jp
Travel agency;
import, wholesale of wines, cigars
(Travel agency)
Ministry of LIT No. 1503
Nil
Tokyo (Warehouse)
ERNEST SINGER,
PRES
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 1,900 M
PAYMENTS NO
COMPLAINTS CAPITAL Yen 220 M
TREND SLOW WORTH Yen 314 M
STARTED 1997 EMPLOYES 60
TRAVEL AGENCY; IMPORTER OF WINES & CIGARS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
The subject company was established by Ernest Singer, US resident, in
order to make most of his experience in the subject line of business. Started as travel agency and gradually
expanded business operations to import and wholesale of wines &
cigars. Travel agency business is
extended to US military forces, having a branch in one of the US military
bases. Wines are imported from wine
brewing countries world over, while cigars are mostly from Spain. Clients
include major department stores, hotels, restaurants, wine dealers, other,
nationwide.
Financials are only partially disclosed as from Mar/2009 fiscal term
The sales volume for Mar/2011 fiscal term amounted to Yen 1,900 million, a 10% down from Yen 2,100 million in the previous term. Consumer spending was sluggish. High Yen ate into earnings & profits in Yen terms. The net profit was posted at Yen 1 million, similarly in the previous period.
For the current term ending Mar 2012 the net profit is projected at Yen 2 million, on a 3% rise in turnover, to Yen 1,950.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements.
Date Registered:
Jul 1997
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 4,400 shares
Issued:
4,400 shares
Sum: Yen 220 million
Major
shareholders (%): Ernest Singer (100)
Nothing
detrimental is known as to his commercial morality.
Activities: Travel agency (50%); imports and wholesales
wines (45%), cigars (5%).
Travel business is
offered to US military forces in Japan.
Wines are imported
from France, Italy, Spain, Australia, other.
Cigars are
imported mainly from Spain.
Clients: [Department stores, hotels, restaurants]
Tokyu Department Stores, Daimaru Matsuzakaya,
Mitsukoshi Isetan, Seibu Department Store, Hanshin Department Store,
Imperial Hotel, Keio Department Store, Hotel
Okura, Chinzan-So, Four Seasons Hotel, Palace Hotel, Blue Note Japan, Queen
Alice, The Georgian Club, Tsubaki Dew Drop Inn, other.
For travel agency,
clients include US military forces Japan.
No. of accounts:
500
Domestic areas of activities: Nationwide
Suppliers: [Wineries, negociants, wholesalers] Wines
are Imported from France, Italy, Australia, New Zealand, Argentina, South
Africa, Spain, USA, Israel, Portugal, etc.
Cigars are mainly from Spain.
Payment record: No
Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
SMBC (Kanda)
MUFG (Kanda)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
|
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
|
1,950 |
1,900 |
2,100 |
2,460 |
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Recur.
Profit |
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Net
Profit |
|
2 |
1 |
1 |
-42 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
|
|
314 |
313 |
312 |
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Capital,
Paid-Up |
|
|
220 |
220 |
220 |
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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 |
2.63 |
-9.52 |
-14.63 |
31.62 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
.. |
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N.Profit/Sales |
0.10 |
0.05 |
0.05 |
-1.71 |
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Note: Financials
are only partially disclosed as from the 31/03/2009 fiscal term.
Forecast (or
estimated) for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.02 |
|
UK Pound |
1 |
Rs.86.89 |
|
Euro |
1 |
Rs.67.84 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
|
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 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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.