MIRA
INFORM REPORT
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Report Date : |
17th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
LAC CORPORATION |
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Registered Office : |
Inagaki Bldg 3F, 2-26-6 Taito Taitoku Tokyo
110-0016 Japan |
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Country : |
Japan |
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Date of Incorporation : |
Aug 2005 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of jewelry products |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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Status : |
New
Company |
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
name
LAC
CORPORATION
REGD NAME
KK Lac
Corporation
MAIN OFFICE
Inagaki
Bldg 3F, 2-26-6 Taito Taitoku Tokyo 110-0016 JAPAN
Tel:
03-5846-6234
Fax:
03-5846-6232
URL: Planning
ACTIVITIES
Import, wholesale of jewelry products
BRANCHES
Nil
FACTORY(IES)
(Subcontracted)
OFFICER(S)
RYOSUKE MUSHA, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 500 M*
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND UNDETD WORTH Yen 10 M
STARTED 2005 EMPLOYES 3-5
*.. Sales targets only
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN JEWELRY PRODUCTS. FINANCIAL SITUATION UNDETERMINED DUE TO THE
RECENT INCEPTION. ANY CREDITS ARE
RECOMMENDED UNDER FULLY GUARANTEED TERMS PENDING THE FIRST YEAR BUSINESS
RESULTS, CLOSING JUL/2006, MADE AVAILABLE.
MAX CREDIT LIMIT: UNABLE TO ASSESS DUE TO THE ABSENCE OF PROVEN
BUSINESS RESULTS.
HIGHLIGHTS
The subject company was established by Ryosuke Musha in order to
make most of his experience in the subject line of business. This is a trading house specializing in
import and wholesale of jewelry products.
Due to the recent inception, any information on management and operations
are limited. We have been contacting
the firm but at the moment no further information beyond the contents of this
report has been made available. We will
further follow up, including interview with the firm, and will elaborate the
reporting.
The sales volume for the initial fiscal term closing Jul/2006 is
targeted at Yen 500 million. The
figures have not been exactly confirmed by the firm, though it is assumed that
the amount near the level is targeted.
Both the financial situation and business trends are not
determined due to the recent inception but should be good for MODERATE business
engagements. Max credit limit is unable
to be assessed due to the absence of proven business results. ANY CREDITS are recommended under fully
guaranteed terms.
REGISTRATION
Date Registered: Aug
2005
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%): Ryosuke Musha (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: Imports and wholesales jewelry products (--100%).
Clients: Jewelry stores, jewelry processors, other
No. of accounts: Unavailable
Domestic areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Goods are imported. Import sources not exactly mentioned.
Payment record: Regular
Location: Business area in Tokyo.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
Local Bank (to be further confirmed)
Relations: Money deposits & transfer only
FINANCES
(In Million Yen)
The initial financials will be closed Jul/2006 fiscal term.
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |