MIRA
INFORM REPORT
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Report Date : |
28.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
SUNRISE GREEN LTD |
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Registered Office : |
2-37-1 Hottsucho-Yokote Hashima City Gifu-Pref 501-6331 |
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Country : |
Japan |
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Date of Incorporation : |
Dec 2002 |
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Legal Form : |
Private Limited Company (Yugen
Gaisha) |
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Line of Business : |
Import of peat moss from Canada |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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Maximum Credit Limit : |
Yen 500000 |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
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Litigation : |
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name
SUNRISE GREEN LTD
REGD NAME
YK Sunrise Green
MAIN OFFICE
2-37-1 Hottsucho-Yokote Hashima City Gifu-Pref 501-6331 JAPAN
Tel : 058-397-0265
Fax : 058-397-0263
URL : N/A
ACTIVITIES
Import of peat moss from Canada
BRANCHES
Nil
OFFICERS
SATOSHI KOHDA, PRES
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 50 M
PAYMENTS REGULAR CAPITAL Yen 3 M
TREND SLOW WORTH Yen 10 M
STARTED 1002 EMPLOYES 2
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN PEAT MOSS FROM CANADA.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 500,000, 30 DAYS TERMS, RECOMMENDING FIXED TERMS ON NEW TRANSACTIONS.
FINANCIALS ARE NOT DISCLOSED AND NO PROVEN BUSINESS MADE
AVAILABLE. .
HIGHLIGHTS
The subject company was established by Satoshi Kohda in order
to make most of his experience in the subject line of business. A one-man operated trader specializing in
importing and wholesaling molding and fertilizer for horticulture. Imports peat moss from Canada. Also, endeavoring to expand handling items.
The firm does not disclose detailed information on management
and financials and apart from the
registered items we have collected the information herein directly from the
pres, Satoshi Kohda himself.
The owner hesitated to disclose financials and only said
somewhere Yen 50 – 60 million for fiscal term closing Jun/2006. The figures are only professed from the pres
and not verified from outside or other
reliable sources.
The financial situation is considered RATHER WEAK but should be
good for MODERATE business engagements.
Max credit limit is estimated at Yen 500,000, on 30 days terms. So
long as the firm has been importing peat moss from Canada since the inception
of the firm, there should be not problem in transactions. However, in view of the absence of proven
business records we strongly recommend secured terms on new transactions.
REGISTRATION
Date Registered: Dec
2002
Legal Status: Private
Limited Company (Yugen Gaisha)
Regd Capital: Yen
3 million
Major shareholders (%): Satoshi Kohda (100)
Nothing detrimental is known as to his commercial morality
of executives.
OPERATION
Activities: Imports and wholesales peat moss from Canada
(100%).
Clients: Flower shops, chain stores, other
No. of accounts: Unavailable
Domestic areas of activities: Centered in Hashima City
(Gifu-Pref)
Suppliers: [Mfrs] Imports wholly from Canada
Payment record: Regular
Location: Business area in Hashima City, Gifu-Pref. Office premises at the caption address are
owned and maintained satisfactorily.
Bank References
Ogaki Shinkin Bank (Hashima)
Relations: Money deposits and transfers only.
FINANCES
(In Million Yen)
NOT 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%)