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Report Date : |
29.05.2014 |
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) : |
30.09.2013 |
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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 : |
Importer, wholesaler
and retailer of wines, mineral water
(VOSS still water, VOSS still water, VOSS sparkling water) |
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No of Employees : |
09 |
RATING & COMMENTS
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MIRA’s 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 : |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
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. 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 |
LA LANGUEDOCIENNE KK
LA Languedocienne
KK
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
Import,
wholesale, retail of wines, mineral water
Nil
RONALD
BROWN, REP DIR
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 350 M
PAYMENTSSlow But Correct CAPITAL Yen 83 M
TREND SLOW WORTH Yen 114 M
STARTED 1992 EMPLOYES 9
IMPORTER OF WINES, MINERAL WATER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
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 are only partially disclosed.
The sales volume for Sept/2013 fiscal term amounted to Yen 350 million, a similar amount in the previous term. The net profit was posted at Yen 2 million, similarly in the previous term.
For the current term ending Sept 2014 the net profit is projected at Yen 5 million, on a 4% rise in turnover, to Yen 365 million.
The financial situation is considered FAIR and good for ORDINARY business engagements.
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.
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, Kakuyasu 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
(In Million Yen)
|
Terms Ending: |
|
30/09/2014 |
30/09/2013 |
30/09/2012 |
30/09/2011 |
|
Annual
Sales |
|
365 |
350 |
350 |
350 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
5 |
2 |
2 |
3 |
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Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
114 |
112 |
110 |
|
Capital,
Paid-Up |
|
|
38 |
38 |
38 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.29 |
0.00 |
0.00 |
-2.78 |
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|
Current Ratio |
|
|
.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
.. |
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N.Profit/Sales |
1.37 |
0.57 |
0.57 |
0.86 |
|
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 30/09/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.08 |
|
UK Pound |
1 |
Rs.99.20 |
|
Euro |
1 |
Rs.80.53 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.