MIRA INFORM REPORT

 

Report Date :

23rd February, 2007

                                                         

IDENTIFICATION DETAILS

 

Name :

GRIMM TRADING LTD

 

 

Registered Office :

2-6-7 Kirishimadai Nishitsukujigaoka Kameoka City Kyoto-Pref 621-0844, Japan

 

 

Country :

Japan

 

 

Date of Incorporation :

October 1999

 

 

Com. Reg. No.:

000549

 

 

Legal Form :

Private Limited Company (Yugen Gaisha)

 

 

Line of Business :

Imports and wholesales gem stones, jewelry products.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

Yen 1.2 Million

 

 

Status :

Moderate

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

 

Company Name

 

GRIMM TRADING LTD

 

 

REGD NAME

 

YK Grimm Trading

 

 

MAIN OFFICE

 

2-6-7 Kirishimadai Nishitsukujigaoka Kameoka City Kyoto-Pref 621-0844 JAPAN

Tel        : 0771-23-1709* (Mobile Phone: 090-1580-1954)

 

*.. Listed with the local telephone office by Yasuaki Tani’s personal name only

URL      : N/A

 

 

ACTIVITIES

 

Import, wholesale of jewelry

 

 

BRANCHES

 

Nil

 

 

OFFICER(S

 

YASUAKI TANI, PRES

Chiharu Tani, dir

 

 

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 10 M

STARTED         1999                             EMPLOYES      2

 

 

COMMENT

 

IMPORTER AND WHOLESALER SPECIALIZING IN JEWELRY.  FINANCIAL SITUATION CONSIDERED UNDETERMINED DUE TO THE LACK OF MANEGERIAL INFORMATION BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

 

MAX CREDIT LIMIT: YEN 1.2 MILLION, FULLY SECURED TERMS RECOMMENDED.

 

 

HIGHLIGHTS

 

The subject company was established by Yasuaki Tani in order to make most of his experience in the subject lien of business.  This is a family-based company, managed and operated by Yasuaki Tani and his wife Chiharu, for importing and wholesaling gem stones and jewelry products.  The firm declined to disclose details of its managerial and operational information and all the information contained here is based on the Registration Certificate we have specially obtained.  The objectives of the firm as registered are: Import, wholesale of gem stones, jewelry products, and related products; clothing & clothing accessories, household items and the related.  The firm is understood to be focusing on gem stones & jewelry products.  No other data are available anywhere in the databases or on the market.  The following figures are all estimated by us as gathered from brief conversation with the owner.

 

 

FINANCIAL INFORMATION

 

The sales volume for Dec/2005 fiscal term amounted to Yen 100 million, a similar amount in the previous term.  The net profit is estimated posted at Yen 1 million, again unchanged from the year earlier.

 

For the term ended Dec 2006 the net profit is believed posted at Yen 1 million, on a 10% rise in turnover, to Yen 110 million.   Final results are yet to be produced.

 

The financial situation is undetermined due to the lack of material information and proven business but should be good for MODERATE business engagements.  Max credit limit is estimated at Yen 1.2 million, recommending on fully guaranteed terms.

 

 

REGISTRATION

 

Date Registered : Oct 1999 (Reg No 000549)

Legal Status                  : Private Limited Company (Yugen Gaisha)

Regd Capital                  : Yen 3 million

 

 

Major shareholders (%)   

 

Yasuaki Tani (100)

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

 

Activities: Imports and wholesales gem stones, jewelry products (--100%)

 

 

Clients

 

Jewelry stores, jewelry processors, other

 

 

No. of accounts

 

Unavailable

 

 

Domestic areas of activities

 

Limited in Kameoka City, Kyoto-Pref

 

 

Suppliers

 

[Mfrs, wholesalers] Imports from overseas (No countries are disclosed)

 

 

Payment record

 

Regular

 

 

Location

 

Business area in Kameoka City, adjacent to Kyoto City.  Office premises at the caption address are owned by Y Tani as his private residence and maintained satisfactorily.

 

 

Bank References

 

Local Bank (Not disclosed)

Relations: Money deposits & transfer only

 

 

FINANCES

 

(In Million Yen)

Not made available

 

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