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Report Date : |
15.11.2013 |
IDENTIFICATION DETAILS
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Name : |
ENOTECA CO LTD |
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Registered Office : |
Akisugawa West 1F, 5-14-15 Minami-Azabu Minatoku Tokyo 106-0047 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
August 1988 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale, retail of wines. |
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No. of Employees : |
390 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limits : |
YEN 431.5 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
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
ENOTECA CO LTD
REGD NAME: Enoteca KK
MAIN OFFICE: Akisugawa West 1F, 5-14-15 Minami-Azabu Minatoku Tokyo 106-0047JAPAN
Tel: 03-3280-3624
URL: http//:www.enoteca.co.jp
E-mail: (thru the URL)
import, wholesale, retail wines;
50 wine shops nationwide
YASUHISA HIROSE, PRES antsy Hayashi, dir
Tatsuo Kawasaki, dir Junko Katagiri, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 14,400 M
PAYMENTS NO COMPLAINTS CAPITAL Yen 1,661 M
TREND UP WORTH Yen 5,897 M
STARTED 1988 EMPLOYES 390
IMPORTEER OF WINES
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX CREDIT LIMIT: YEN 431.5 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by Vacccus Ltd as its importing division, operating 50 wine shops nationwide. It operates wine restaurants, as well. Wines are also sold online. The firm was listed on the Tokyo E/S but delisted 2011 and financials are partially disclosed.
Financials are only partially disclosed.
The sales volume for Mar/2013 fiscal term amounted to Yen 14,400 million, a 10% up from Yen 13,118 million in the previous term. The net profit was posted at Yen 142 million, compare with Yen 769 million a year ago. .
For the current term ending Mar/2014 the net profit is projected at Yen 160 million, on a 4% rise in turnover, to Yen 14,800 million.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 431.5 million, on 30 days normal terms.
Date Registered: Aug 1988
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 54,000
Issued: 54,000 shares
Sum: Yen 1,661,666,000
Major shareholders (%): Vaccus Ltd (100)
Nothing detrimental is known as to the commercial morality of executives.
Activities: Imports, wholesales and retail wines, operating 50 wine shops nationwide (--100%).
Clients: [Mfrs, wholesalers] Consumers (60%), Takashimaya, Sogo Seibu, Kokubu Ltd, other
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Champagne Louis Roederer , Taillevent, Baron Philippe, other,
Payment record: No complaints
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References: Resona Bank (Azabu)
SMBC (Aoyama)
Relations: Satisfactory
(In Million Yen)
|
Terms
Ending: |
|
31/03/2014 |
31/03/2013 |
31/03/2012 |
31/03/2011 |
|
Annual
Sales |
|
14,800 |
14,400 |
13,118 |
11,914 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
160 |
142 |
769 |
284 |
|
Total
Assets |
|
|
N/A |
13,687 |
N/A |
|
Net
Worth |
|
|
5,897 |
5,752 |
4,983 |
|
Capital,
Paid-Up |
|
|
1,661 |
1,661 |
1,661 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical
Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.78 |
9.77 |
10.11 |
13.39 |
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Current Ratio |
.. |
.. |
.. |
||
|
N.Worth Ratio |
.. |
42.03 |
.. |
||
|
N.Profit/Sales |
1.08 |
0.99 |
5.86 |
2.38 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/03/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.06 |
|
|
1 |
Rs.101.15 |
|
Euro |
1 |
Rs.84.95 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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 |
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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 |
|
<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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.