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Report Date : |
23.05.2012 |
IDENTIFICATION DETAILS
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Name : |
VINOS YAMAZAKI CO LTD |
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Registered Office : |
2-2-13 Tokiwacho Aoiku |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
April 1988 |
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Com. Reg. No.: |
0800-01-005399 (Shizuoka-Aoiku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, retail, wholesale of wines, Japanese sake |
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No. of Employees : |
60 |
RATING & COMMENTS
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MIRAs 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 : |
Slow but Correct |
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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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
VINOS YAMAZAKI CO LTD
REGD NAME: KK
Vinos Yamazaki
MAIN OFFICE: 2-2-13
Tokiwacho Aoiku
Tel:
054-261-3607 Fax: 054-221-0288
*.. The given address is
its Tokyo Branch Office
URL: http://www.v-yamazaki.co.jp
E-Mail address: info@v-yamazaki.co.jp
Import, retail,
wholesale of wines, Japanese sake
At the caption
address, Tokyo (6), Yokohama, Odawara, Numazu, Kyoto,
Sapporo (Tot 11)
HITOSHI TANEMOTO,
PRES
Yuko Tanemoto,
s/mgn dir
Atsuko Kaimi, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 2,329 M
PAYMENTS SLOW BUT
CORRECT CAPITAL Yen 10 M
TREND UP WORTH Yen 133 M
STARTED 1988 EMPLOYES 60
IMPORTER OF WINES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
The subject company was founded
originally in 1913 by Toyosaku Yamazaki, a farmers son in Shizuoka, as a
Japanese sake shop, on his account, and has been succeeded by his
descendants. Hiroshi Animator is his
grandson in law. Incorporated in 1988,
the firm launched importing wines from Italy & France, initiated by Yuko
Tanemoto, the founders daughter, now s/mgn dir, to diversify its operations to
wine imports. This came at a time when
sake sales were saturated amid fierce price competition among the trade, with
traders looking for alternative source of operations. The sake sales are driven to the
sidelines. The firm now operates 11
stores: Tokyo (6), Yokohama, Odawara, Numazu, Kyoto and Sapporo. Wines are also sold to hotels, restaurants,
wine shops, other, nationwide.
The sales volume for Mar/2011 fiscal
term amounted to Yen 2,329 million, an 11% up from Yen 2,095 million in the
previous term. This is attributed to the
acquisition of new clients of large-lot buyers during the term. While due to the foreign currency
fluctuations the firm incurred currency exchange losses and revaluation loss of
wines already stocked. The operations
plunged into the red to register Yen 119 million recurring loss and Yen 119
million net losses, respectively, compared with Yen 5 million recurring profit
and yen 5 million net profit, respectively a year ago.
For the term that ended Mar 2012 the
operations were projected to come back to profitability to post Yen 10 million
recurring profit and Yen 10 million net profit, respectively, on a 3% rise in
turnover, to Yen 2,400 million. Final
results are yet to be released.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Date Registered: Apr
1988
Regd No.: 0800-01-005399 (Shizuoka-Aoiku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 8,000 shares
Issued: 2,000 shares
Sum: Yen 10 million
Major
shareholders (%): Hitoshi Tanemoto (35), Yuko Tanemoto (32), other
No. of shareholders: 6
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, retails
and wholesales wines (--70%), Japanese sake, sake lees, sake lees-preserved
pickles, others (--30%).
Imports (50%), Retails (80%), wholesale
(20%).
Clients: Consumers,
hotels, restaurants, wine shops, other
No. of accounts:
Unavailable
Domestic areas of
activities: Nationwide
Suppliers: [Wineries,
wholesalers] Imports from Chateau Reignac, Poupille, Domaine La Tour Boisee,
Puriure-Toch (France), other from, France, Italy, Germany, Spain, Chile, USA,
other.
Sake is supplied from domestic breweries:
Isojiman Shuzo, Ishimoto Shuzo, Hakkai Jozo, other.
Payment record: Slow but Correct
Location: Business area in
Shizuoka. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
Shizuoka Bank
(Gofukucho)
Sizushin Shinkin
Bank (H/O)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
|
2,400 |
2,329 |
2,095 |
2,117 |
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Recur.
Profit |
|
10 |
-119 |
5 |
-14 |
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Net
Profit |
|
10 |
-119 |
5 |
-15 |
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Total
Assets |
|
|
1,609 |
1,627 |
1,615 |
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Current
Assets |
|
|
918 |
1,011 |
1,037 |
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Current
Liabs |
|
|
703 |
680 |
790 |
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Net
Worth |
|
|
133 |
252 |
247 |
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Capital,
Paid-Up |
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|
10 |
10 |
10 |
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Div.P.Share(₯) |
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|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.05 |
11.17 |
-1.04 |
16.70 |
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Current Ratio |
|
.. |
130.58 |
148.68 |
131.27 |
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N.Worth Ratio |
.. |
8.27 |
15.49 |
15.29 |
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R.Profit/Sales |
|
0.42 |
-5.11 |
0.24 |
-0.66 |
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N.Profit/Sales |
0.42 |
-5.11 |
0.24 |
-0.71 |
|
|
Return On Equity |
.. |
-89.47 |
1.98 |
-6.07 |
|
Notes: Forecast
(or estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.88 |
|
|
1 |
Rs.86.84 |
|
Euro |
1 |
Rs.70.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
RATING EXPLANATIONS
|
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.