MIRA INFORM REPORT

 

 

Report Date :

04.06.2012

 

IDENTIFICATION DETAILS

 

Name :

LA LANGUEDOCIENNE KK

 

 

Registered Office :

TME Bldg 3F, 1-9-10 Higashi-Nihombashi Chuoku Tokyo 103-0004

 

 

Country :

Japan

 

 

Financials (as on) :

30.09.2011

 

 

Date of Incorporation :

November 1992

 

 

Com. Reg. No.:

0100-01-086768 (Tokyo-Chuoku)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale, retail of wines, mineral water

 

 

No. of Employees :

09

 

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 :

Moderate

 

 

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

 

LA LANGUEDOCIENNE KK

 

 

REGD NAMe

 

LA Languedocienne KK

 

 

MAIN OFFICE

 

TME Bldg 3F, 1-9-10 Higashi-Nihombashi Chuoku Tokyo 103-0004 JAPAN

Tel: 03-5825-1829      Fax: 03-5825-2775

                                               

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

E-Mail address:            info@lovewine.co.jp

 

 

ACTIVITIES

 

Import, wholesale, retail of wines, mineral water

 

 

BRANCHES

 

Nil

 

 

OFFICERS

 

RONALD BROWN, REP DIR                                                     

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES        FAIR                             A/SALES          Yen 350 M

PAYMENTS      No Complaints          CAPITAL           Yen 83 M

TREND SLOW                          WORTH            Yen 110 M

STARTED         1992                             EMPLOYES      9

 

COMMENT    

 

IMPORTER OF WINES, MINERAL WATER.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

 

 

HIGHLIGHTS

           

The subject company was established as a marketing office in Japan.  This is a trading firm for import, wholesale and retail of wines, mineral water, other.  Wines are imported widely from: France, Italy, Switz, South Africa, USA, Chile, New Zealand, Australia, other.  Clients include hotels, chain stores, other.

 

 

FINANCIAL INFORMATION

           

Financial are only partially disclosed.

 

The sales volume for Sept/2011 fiscal term amounted to Yen 350 million, a 3% down from Yen 360 million in the previous term.  High Yen reduced revenues in Yen terms.  The net profit was posted at Yen 2 million, similarly in the previous term.

 

For the current term ending Sept 2012 the net profit is projected at Yen 2 million, on a 3% rise in turnover, to Yen 360 million. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements. 

 

 

REGISTRATION

 

Date Registered:            Nov 1992

Regd No.:           0100-01-086768 (Tokyo-Chuoku)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         1,665 shares

Issued:              1,665 shares

Sum:                   Yen 83.24 million

Major shareholders (%): Ronald Brown (100)

 

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

           

Activities: Imports, wholesales and retails wines, mineral water (VOSS still water, VOSS still water, VOSS sparkling water), other (--100%)

 

Clients: [Hotels, chain stores, food wholesalers] Hilton Japan (Tokyo), Shangri-La Hotel, Kakuyasu Store, Nihon Shurui Hanbai Co, Miyako Boeki Co, other

            No. of accounts: 300

            Domestic areas of activities: Nationwide

Suppliers: [Wineries, wholesalers] Laroche, Billecart-Salmo, Voss, other.

Imports from: France, Italy, Switz, South Africa, USA, Chile, New Zealand, Australia, other

 

Payment record: No Complaints

 

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

 

Bank References:

MUFG (Horidome)

Mizuho Bank (Asakusabashi)

Relations: Satisfactory

 

 

FINANCES

 (In Million Yen)

 

 

 

30/09/2012

30/09/2011

30/09/2010

30/09/2009

Annual Sales

 

360

350

360

360

Recur. Profit

 

 

 

 

 

Net Profit

 

2

2

2

2

Total Assets

 

 

N/A

N/A

N/A

Net Worth

 

 

110

108

106

Capital, Paid-Up

 

 

83

83

83

Div.P.Share(¥)

 

 

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.86

-2.78

0.00

2.86

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

0.56

0.57

0.56

0.56

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 30/09/2012 fiscal term.

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.92

UK Pound

1

Rs.86.03

Euro

1

Rs.69.13

 

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.