MIRA
INFORM REPORT
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Report Date : |
11.08.2007 |
IDENTIFICATION DETAILS
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Name : |
NIHON MAGURO SHIGEN KENKYUSHO CO LTD |
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Registered Office : |
3-1-12 Minamimachi Kesennuma Miyagi-Pref 988-0017 |
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Country : |
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Date of Incorporation : |
Aug 2006 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Tuna trawling |
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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Status : |
New Company |
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Payment Behaviour : |
Reported to be regular |
name
NIHON MAGURO
SHIGEN KENKYUSHO CO LTD
REGD NAME
Nihon Maguro
Shigen Kenkyusho KK
MAIN OFFICE
3-1-12 Minamimachi
Kesennuma Miyagi-Pref 988-0017 JAPAN
Tel : 0226-22-5577
Fax : 022-22-7598
URL : Nil
*.. Tokyo Branch will
be changed to Head Office, now processing.
ACTIVITIES
Tuna
trawling (operating 5 trawlers)
BRANCHES
OFFICERS
KATSUAKI
NAMBA, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 500 M*
PAYMENTS REGULAR CAPITAL Yen 8 M
TREND UNDETD WORTH Yen
8 M
STARTED 2006 EMPLOYES 10**
*.. Sales target for the initial term ending Sept/2007.
**..
Office employees only, crew not included.
COMMENT
TUNA TRAWLING OPERATION. FINANCIAL SITUATION UNDETERMINED DUE TO THE RECENT INCEPTION BUT SHOULD BE GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: UNABLE TO BE ASSESSED DUE TO THE LACK OF PROVEN BUSINESS. .
HIGHLIGHTS
The subject company was established by Mitsuhiro Iiyama in
order to make most of his experience in the subject line of business. Incorporated in Aug 2006, Katsuaki Namba was
appointed as pres. The firm is now in
process of upgrading Tokyo Office to the Official Head Office. Specializes in tune trawling operations,
owning 5 tune trawlers, operating in the Indian Ocean,
FINANCIAL INFORMATION
The sales volume for the initial term ending Sept/2007 is targeted at Yen 500 million, according to the treasurer. He says the figures will expand twofold from the next term onwards.
Both the financial situation and business trends are not determined due to the recent inception but should be good for ORDINARY business engagements. Max credit limit cannot be assessed due to the absence of proven business records. All credits are recommended under guarantee.
REGISTRATION
Date
Registered: Aug 2006
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 640 shares
Issued: 160 shares
Sum: Yen 8 million
Major shareholders (%):
Mitsuhiro Iiyama, other
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Tune fish trawling, operating 5 trawlers in the
Indian, Pacific Oceans, other (--100%)
Clients:
[Fish markets] Fish markets in Miyagi-Pref,
No. of
accounts: Unavailable
Domestic
areas of activities: Nationwide
Suppliers:
Shipyards, oil suppliers, ship equipment suppliers, other
Payment
record: Regular
Location: Business area in
Bank References
77
Bank (Kesennuma)
Relations:
Satisfactory
FINANCES
(In
Million Yen)
Not
available until after July/2007.
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. |
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%)