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Report Date : |
24.12.2014 |
IDENTIFICATION DETAILS
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Name : |
CORDON VERT CO., LTD. |
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Registered Office : |
Sonpo Japan Sendai Bldg. 10F, 3-7-35, Tsutsujigaoka, Miyagino-ku, Sendai-City, Miyagi Pref. 983-0852 |
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Country : |
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Date of Incorporation : |
14.07.2006 |
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Com. Reg. No.: |
0100-01-101442 |
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Legal Form : |
Private Company |
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Line of Business : |
Trader of Beverages and food products |
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No. of Employees : |
20 |
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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Maximum Credit Limits : |
US$ 3 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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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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 |
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. Prime Minister Shinzo ABE has declared the economy his
government's top priority; he has overturned his predecessor's plan to
permanently close nuclear power plants and is pursuing an economic revitalization
agenda of fiscal stimulus, monetary easing, and structural reform. Japan joined
the Trans Pacific Partnership negotiations in 2013, a pact that would open
Japan's economy to increased foreign competition and create new export
opportunities for Japanese businesses. Measured on a purchasing power parity
(PPP) basis that adjusts for price differences, Japan in 2013 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 is exceeding 230% of GDP. To
help raise government revenue and reduce public debt, Japan decided in 2013 to
gradually increase the consumption tax to a total of 10% by the year 2015.
Japan is making progress on ending deflation due to a weaker yen and higher
energy costs, but reliance on exports to drive growth and an aging, shrinking
population pose other major long-term challenges for the economy
|
Source
: CIA |
CORDON VERT CO., LTD.
Country: Japan
Company name: CORDON VERT CO., LTD.
Name in local language: CORDON VERT K.K. (コルドンヴェール株式会社)
Office address: Sonpo Japan Sendai Bldg. 10F, 3-7-35,
Tsutsujigaoka, Miyagino-ku, Sendai-City, Miyagi Pref. 983-0852
Office tel: 022-742-3120
Office fax: 022-742-3100
Website: www.cordonvert.jp
Business type: Trader
Industry: Beverages and food products
Established: July 14, 2006
Capital: Jp. 490,000,000 yen
Employees: 20
Corporate formation: Private
Corporation No.: 0100-01-101442 (Tokyo Legal Affairs Bureau)
Paid in capital : 490,000,000 Jp. yen
Number of authorized shares : 39,000 shares
Shares issued : 9,800 shares
Number of shareholder : 2
Name of
shareholders Number of shares (%)
--------------------------------------------------------------------------------------------
Aeon Co.,Ltd. 4,998 shares (51.0)
Yamaya Co.,Ltd. 4,802 shares (49.0)
---------------------------------------------------------------------------------------------
Total 9,800 shares (100)
Activity Product/Service Description
-------------------------------------------------------------------------------
Trading Beer
Trading Wine
Trading Liquors
Trading Foods
Trading Beverages
President Mr. Hiroaki Yamauchi
Nationality: Japan
Chairman Mr. Chozo Nakaya
Nationality: Japan
Senior Managing Director Mr. Takashi Fukui
Nationality: Japan
Director Mr. Hidefusa Yamauchi
Nationality: Japan
Director Mr. Hiroaki Sato
Nationality: Japan
Nationality: Japan
Director Ms. Mitsuko Tsuchiya
Nationality: Japan
Auditor Mr. Hideyasu Yamauchi
Nationality: Japan
Auditor Mr. Shoji Iwasaki
Nationality: Japan
Note: The names of director(s) and auditor(s) are phonetically spelt.
*Key Personnel*
============
Mr. Hiroaki Yamauchi
President and representative director
Home address:4-5-6,Sugaya-Dai,Rifu-cho,Miyagi-gun,Miyagi Pref. 981-0135
Currency: (local currency - Jp. yen)
-------------------------------------------------------------------------------------
Year | Sales | Net Income
-------------------------------------------------------------------------------------
|
2009 |
8,250,000,000 |
29,000,000 |
|
2010 |
10,304,000,000 |
34,400,000 |
|
2011 |
9,432,000,000 |
45,156,000 |
|
2012 |
10,573,000,000 |
40,050,000 |
|
2013 |
13,929,000,000 |
21,067,000 |
|
2014 |
15,342,000,000 |
41,896,000 |
*Book Closing*
============
February
*Financials*
==========
As a private limited company, no official financial statement is required to be disclosed publicly.
*Bank Details*
============
Bank Name : Sumitomo-Mitsui Banking Corp.
Branch : Sendai
Bank Name : 77 Bank Ltd.
Branch : Head Office
Bank Name : Aomori Bank Ltd.
Branch : Sendai
Bank Name : Bank Of Tokyo-Mitsubishi UFJ Ltd.
Branch : Senda
*Credit Opinion*
=============
The subject is a joint venture founded between Aeon Co., Ltd. and Yamaya Corporation, both of which are public listed corporations on the TSE.
Aeon Co., Ltd. holds 19.1% of the issued shares of Yamaya corporation, and Aeon is the pure holding company, which holds a total of 260 group companies.
While Yamaya carries JPY 13,069 million of retained earnings as of September 30, 2014, Aeon holds JPY 580,948 million of retained earnings as of August 31, 2014.
Negative factors are not observed financially in particular at present.
Our standard suggestion would be up to US$ 3 million on terms of 90 days.
Branch name: Tokyo Head Office
Branch address: 1-1,Kanda-Nishikicho,Chiyoda-ku,Tokyo
Branch tel: 03-3292-3851
*Main Products & Services*
======================
Import and wholesale of the following products:
Wines
Beers
Liquors
Other non-alcoholic beverages
Food products
*Address*
========
Registered address 1-1,Kanda-Nishikicho,Chiyoda-ku,Tokyo.
Operational head office: Sonpo Japan Sendai Bldg. 10F., 3-7-35, Tsutsujigaoka, Miyagino-ku, Sendai-shi, Miyagi pref. 983-0852
*Company History*
================
Date Development
-----------------------------------------------------------------------------------------------
14 July,2006 Incorporated.
*Suppliers*
=========
V arious suppliers around the world such as:
J.Garcia SA
CASTEL SA
Freixenet SA
VINA San Pedro SA
Accolade Wine Inc.
Aresti s.p.a.
GINESTET SA
BAARSMA SA
HERMAN B.V.
Sartori s.p.a.
*Customers*
==========
Yamaya Shoryu Co., Ltd.
Aeon Liquor Co., Ltd.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.45 |
|
|
1 |
Rs.98.88 |
|
Euro |
1 |
Rs.77.62 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
Report Prepared
by : |
NIS |
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
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.