MIRA
INFORM REPORT
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Report Date : |
07.07.2007 |
IDENTIFICATION DETAILS
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Name : |
PULSAR ENTERPRISES CO LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
Nov 2006 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Import, wholesale of jewelry |
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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Status : |
New Company |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
name
PULSAR ENTERPRISES CO LTD
REGD NAME
KK Pulsar
Enterprises
MAIN OFFICE
Tel : 06-6251-8880
Fax : 06-6251-8990
URL : N/A
ACTIVITIES
Import,
wholesale of jewelry
BRANCHES
Nil
FACTORY(IES)
(subcontracted)
OFFICERS
TATSUHIKO
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 300 M*
PAYMENTS REGULAR CAPITAL Yen 3 M
TREND UNDETD WORTH Yen
3 M
STARTED 2006 EMPLOYES 1
*..
Sales targets for the initial term.
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN JEWELRY. FINANCIAL SITUATION UNDETERMINED DUE TO THE RECENT INCEPTION BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGSGEMENTS.
MAX
CREDIT LIMIT: UNABLE TO BE ASSESSED DUE TO THE LACK OF PROVEN BUSINESS.
HIGHLIGHTS
The subject company was established by Tatsuhiko Kawasaki in
order to make most of his experience in the subject line of business. Specializes in import and wholesale of
jewelry. Goods are imported from
FINANCIAL INFORMATION
The sales volume for the initial accounting term ending Oct 2007 is targeted at Yen 300 million, according to T Kawasaki.
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 lack of proven business records.
REGISTRATION
Date
Registered: Nov 2006
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 100 shares
Issued: 60 shares
Sum: Yen 3 million
Major shareholders (%):
Tatsuhiko Kawasaki (100)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities:
Imports and wholesales jewelry (100%).
Goods
are imported from
Clients:
Jewelry stores, jewelry processors, chain stores, other
No. of
accounts: 50
Domestic
areas of activities: Centered in greater-Osaka
Suppliers:
[Mfrs, wholesalers] Imports from
Payment
record: Regular
Location: Business area in
Bank References
Local
Bank (Unavailable)
Relations:
Money deposits and transfers only.
FINANCES
(In
Million Yen)
NOT
YET 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%)