MIRA INFORM REPORT
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Report Date : |
25.05.2013 |
IDENTIFICATION DETAILS
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Name : |
LA LANGUEDOCIENNE KK |
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Registered Office : |
TME Bldg 3F, 1-9-10 Higashi-Nihombashi
Chuoku Tokyo 103-0004 |
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Country : |
Japan |
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Financials (as on) : |
30.09.2012 |
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Date of Incorporation : |
November 1992 |
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Com. Reg. No.: |
0100-01-086768 (Tokyo-Chuoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale, retail of
wines, mineral water |
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No. of Employees : |
09 |
RATING & COMMENTS
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MIRA’s 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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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but Correct |
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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 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 |
japan ECONOMIC OVERVIEW
In the years following
World War II, government-industry cooperation, a strong work ethic, mastery of
high technology, and a comparatively small defense allocation (1% of GDP)
helped Japan develop a technologically advanced economy. Two notable
characteristics of the post-war economy were the close interlocking structures
of manufacturers, suppliers, and distributors, known as keiretsu, and the
guarantee of lifetime employment for a substantial portion of the urban labor
force. Both features are now eroding under the dual pressures of global
competition and domestic demographic change. Japan's industrial sector is
heavily dependent on imported raw materials and fuels. A small agricultural
sector is highly subsidized and protected, with crop yields among the highest
in the world. While self-sufficient in rice production, Japan imports about 60%
of its food on a caloric basis. For three decades, overall real economic growth
had been spectacular - a 10% average in the 1960s, a 5% average in the 1970s,
and a 4% average in the 1980s. Growth slowed markedly in the 1990s, averaging
just 1.7%, largely because of the after effects of inefficient investment and
an asset price bubble in the late 1980s that required a protracted period of
time for firms to reduce excess debt, capital, and labor. Modest economic
growth continued after 2000, but the economy has fallen into recession three
times since 2008. A sharp downturn in business investment and global demand for
Japan's exports in late 2008 pushed Japan into recession. Government stimulus
spending helped the economy recover in late 2009 and 2010, but the economy
contracted again in 2011 as the massive 9.0 magnitude earthquake and the
ensuing tsunami in March disrupted manufacturing. The economy has largely
recovered in the two years since the disaster, but reconstruction in the Tohoku
region has been uneven. Newly-elected Prime Minister Shinzo ABE has declared
the economy his government's top priority; he has pledged to reconsider his
predecessor's plan to permanently close nuclear power plants and is pursuing an
economic revitalization agenda of fiscal stimulus and regulatory reform and has
said he will press the Bank of Japan to loosen monetary policy. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, Japan
in 2012 stood as the fourth-largest economy in the world after second-place
China, which surpassed Japan in 2001, and third-place India, which edged out
Japan in 2012. The new government will continue a longstanding debate on
restructuring the economy and reining in Japan's huge government debt, which
exceeds 200% of GDP. Persistent deflation, reliance on exports to drive growth,
and an aging and shrinking population are other major long-term challenges for
the economy.
|
Source : CIA |
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
PAYMENTSSlow but Correct CAPITAL Yen 83
M
TREND SLOW WORTH Yen 112 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/2012 fiscal term amounted to Yen 350 million,
a similar amount 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 2013 the net profit is projected to
mark time at Yen 2 million, on a 3% rise in turnover, to Yen 360 million. Weaker Yen may contribute to raise revenues
in Yen terms.
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 Hotels Japan,
Kakuyasu Store, Nihon Shurui Hambai 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: Slow but
Correct
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)
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Terms Ending: |
|
30/09/2013 |
30/09/2012 |
30/09/2011 |
30/09/2010 |
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Annual
Sales |
|
360 |
350 |
350 |
360 |
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Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
2 |
2 |
2 |
2 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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|
112 |
110 |
108 |
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Capital,
Paid-Up |
|
|
83 |
83 |
83 |
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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 |
2.86 |
0.00 |
-2.78 |
0.00 |
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Current Ratio |
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|
.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
.. |
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N.Profit/Sales |
0.56 |
0.57 |
0.57 |
0.56 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 30/09/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.61 |
|
UK Pound |
1 |
Rs.83.98 |
|
Euro |
1 |
Rs.71.94 |
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 |
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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
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.