MIRA
INFORM REPORT
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Report Date : |
06.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
SHIMADA REPRESENTATION JAPAN |
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Formerly Known As : |
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Registered Office : |
2-21-36 Takanawa Minatoku Tokyo 108-0074 |
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Country : |
Japan |
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Financials (as on) : |
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Date of Incorporation : |
Oct 2003 |
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Com. Reg. No.: |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Business Consultant |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
YEN 300,000.00 |
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Status : |
Small Concern |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Name
SHIMADA REPRESENTATION JAPAN
REGD NAME
YK Shimada Representation
MAIN OFFICE
2-21-36 Takanawa Minatoku Tokyo 108-0074 JAPAN
Tel: 03-5739-1715
Fax: 03-5739-1716
URL: http://www.shimadarepjapan.com
E-Mail address: shimadarepjapan@tree.odn.ne.jp
ACTIVITIES
Business consultant
BRANCHES
Nil
OFFICERS
KOICHI SHIMADA, PRES
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 23 M
PAYMENTS REGULAR CAPITAL Yen 3 M
TREND UP WORTH Yen 10 M
STARTED 2003 EMPLOYES 3
COMMENT
BUSINESS CONSULTANT. FINANCIAL SITUATION CONSIDERED RATHER WEAK
BUT SHOULD BE GOOD FOR PROPER BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 300,000.00,
RECOMMENDING SECURED TERMS ON NEW TRANSACTIONS.
HIGHLIGHTS
The
subject company was established by Koichi Shimada in order to make most of his
previous experience in the subject line of business. Shimada went to Germany at the age of 25 in order to develop
business there between Japan & Germany.
Developed businesses for Honda Motors, Yanase, Yamaha Motors, Kawasaki
Heavy Ind, Minolta, etc during the stay.
In Jun 2004, started Norte Japan for importing integrated kitchen
systems from Norte, Germany. In Feb
2006, founded separately Tit Gemeyer Japan, as agent for Tit Gemeyer GmbH,
Germany, for truck parts & components.
Intervenes business tie-ups with German companies for Japan.
FINANCIAL INFORMATION
The subject firm does not disclose
its financials and the following figures have been verbally obtained from the
treasurer.
The sales volume for Jun/2006
fiscal term amounted to Yen 23 million, a 15% up from Yen 20 million in the
previous term. Business is seen
expanding. The net profit remained similar at Yen 2 million.
For the current term ending Jun
2007 the net profit is projected at Yen 5 million, on a 30% rise in turnover,
to Yen 30 million. Newly established
Tit Gemeyer Japan will contribute.
The financial situation is
considered RATHER WEAK but should be good for MODERATE business
engagements. Max credit limit is
estimated at Yen 300,000.00, 30 days, we recommending fully secured terms on
new transactions. This is because the
financials are only professed by the treasurer and not verified by outside
sources.
REGISTRATION
Date Registered: Oct 2003
Legal Status: Private Limited Company (Yugen
Gaisha)
Regd Capital: Yen 3 million
Major shareholders (%): Koichi
Shimada (100)
Nothing detrimental is known as to
his commercial morality.
OPERATION
Activities: Business consultant
for businesses between Japan & Germany (--100%).
Separately owns and managed YK Tit
Gemeyer Japan, as agent for Tit Gemeyer GmbH (Germany) for importing truck
parts & components.
Clients: Car makers, car dealers,
other.
No. of accounts: Limited
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs, wholesalers]
Imports from Germany centrally.
Payment record
Regular
Location:
Business area in Tokyo. Office premises at the caption address are leased and
maintained satisfactorily.
Bank References:
Mizuho Bank (Nezu)
Relations: Money deposits and
transfers only.
FINANCES (In Million
Yen)
NOT MADE AVAILABLE.
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 |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)