MIRA INFORM REPORT

 

 

Report Date :

07.07.2007

 

IDENTIFICATION DETAILS

 

Name :

TRUST TRADE INC

 

 

Registered Office :

1-12-61 Daimyo Chuoku Osaka 810-0041

 

 

Country :

Japan

 

 

Date of Incorporation :

Jul 2004

 

 

Legal Form :

Private Limited Company (Yugen Gaisha)

 

 

Line of Business :

Import, wholesale of precision instruments, wrist watches

 

 

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

 

Status :

Moderate

 

 

Payment Behaviour :

Regular

 

 

Litigation :

--

 

 

name

 

TRUST TRADE INC

 

 

REGD NAME

 

YK Trust Trade

 

 

MAIN OFFICE

 

1-12-61 Daimyo Chuoku Osaka 810-0041 JAPAN

Tel        : Unavailable    

URL      : http://www.N/A

 

 

ACTIVITIES

 

Import, wholesale of precision instruments, wrist watches

 

 

BRANCHES

 

Nil

 

 

OFFICERS

 

KEIICHI IRUBE, PRES

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES        UNDETD                       A/SALES          Yen 50 M*

PAYMENTS      REGULAR                     CAPITAL           Yen 3 M

TREND             UNDETD                       WORTH            - - -

STARTED         2004                             EMPLOYES      2

                                                            *.. Estimated only.

 

 

COMMENT

 

IMPORTER OF WRIST WATCHE AND PRECISION INSTRUMENTS. FINANCIAL SITUATION UNDETERMINED DUE TO THE LACK OF FINANCIALS AND MANAGERIAL INFORMATION. 

 

 

MAX CREDIT LIMIT: UNABLE TO BE ASSESSED.  ALL CREDITS ARE RECOMMENDED ON FULLY GUARANTEED TERMS. 

 

 

HIGHLIGHTS

           

The subject company was established by Keiichi Irube in order to make most of his experience in the subject line of business.  This is a trading firm specializing in importing wrist watches and other precision instruments.  The firm does not disclose any information on financials and managerial matters.  No other information is available as contained in this report from other data bases or credit firm.

 

 

FINANCIAL INFORMATION

           

The financials are not disclosed.  Annual sales are believed to be around Yen 50 million, but this is not verified.  And no proven business results are available.

 

Financial situation and business trends are not determined due to the lack of financials and other details but should be good for MODERATE business engagements.  All credits are recommended on fully guaranteed terms on new transactions. 

 

 

REGISTRATION

 

Date Registered:            Jul 2004

Legal Status:                 Private Limited Company (Yugen Gaisha)

Regd Capital:                 Yen 3 million

Major shareholders (%): Keiichi Irube (100)

           

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

 

Activities: Imports and wholesales wrist watches, other precision instruments (100).

 

Clients: Specialty stores, chain stores, consumers, other 

 

No. of accounts: Unavailable

 

Domestic areas of activities: Centered in Fukuoka City

 

Suppliers: Mfrs, wholesalers, other

 

Payment record: Regular

 

Location: Business area in Fukuoka.  Office premises at the caption address are leased and maintained satisfactorily.

 

 

Bank References

 

Local Bank (Unavailable)

 

Relations: Money deposits and transfers 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