MIRA INFORM REPORT

 

Report Date :

23rd February, 2007

                                                         

IDENTIFICATION DETAILS

 

Name :

CAIMAN DENTAL CO LTD

 

 

Registered Office :

MY Bldg 2F, 8-15 Ichibancho Chiyodaku Tokyo 102-0082, Japan

 

 

Country :

Japan

 

 

Date of Incorporation :

June 2006

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Imports and wholesales dental equipment and supplies.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

New Company

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

Company name

 

CAIMAN DENTAL CO LTD

 

 

REGD NAME

 

KK Caiman Dental

 

 

MAIN OFFICE

 

MY Bldg 2F, 8-15 Ichibancho Chiyodaku Tokyo 102-0082 JAPAN

Tel        : 03-3238-7560    

Fax       : 03-3238-7561

URL      : Under construction

 

 

ACTIVITIES

 

Import, wholesale of dental supplies

 

 

BRANCHES

 

Nil

 

 

OFFICERS

 

TOMOFUMI NISHIMURA, PRES

 

 

Yen Amount

 

In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES        UNDETD                       A/SALES          Yen 100 M*

PAYMENTS      REGULAR                     CAPITAL           Yen 3 M

TREND             UNDETD                       WORTH            Yen 3 M**

STARTED         2006                             EMPLOYES      3

*.. Target only.  **.. Expressed by the paid-in capital.

 

 

COMMENT

 

IMPORTER OF DENTAL SUPPLIES. FINANCIAL SITUATION NOT DETERMINED DUE TO THE RECENT

INCEPTION BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

 

MAX CREDIT LIMIT: UNABLE TO ASSESS UNTIL PROVEN BUSINESS ARE MADE AVAILABLE.  .

 

 

HIGHLIGHTS

 

The subject company was established by Tomofumi Nishimura in order to make most of      his experience in the subject line of business.  This is a trading firm specializing in import and             wholesale of dental equipment and supplies, centering on implant materials. Due to the recent inception information is limited.  The firm is aggressively recruiting sales staff.

 

 

FINANCIAL INFORMATION

 

The sales are targeted at Yen 100 million for the initial term ending Jun/2007.  No interim results are made available.

 

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 records.  All credits are recommended to be on fully guaranteed terms.

 

 

REGISTRATION

 

Date Registered : Jun 2006

Legal Status                  : Limited Company (Kabushiki Kaisha)

Authorized                     : 60 shares

Issued                           : 60 shares

Sum                             : Yen 3 million

 

 

Major shareholders (%)

 

Tomofumi Nishimura (100)

 

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

 

Activities: Imports and wholesales dental equipment and supplies (--100%).

 

 

Location

 

Business area in Tokyo.  Office premises at the caption address are leased and maintained satisfactorily.

 

 

Bank References

 

MUFG (Tokyo)

Relations: Money deposits and transfers only.

 

 

FINANCES

 

(In Million Yen)

 

NOT MADE AVAILABLE YET.

 

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

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

 

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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions