MIRA
INFORM REPORT
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Report Date : |
19.06.2007 |
IDENTIFICATION DETAILS
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Name : |
TOYOSHIMA ( |
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Registered Office : |
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Country : |
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Date of Incorporation : |
01/05/1990 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Commodities
contract dealer. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: TOYOSHIMA
(
Address:
City: CORDOVA
State/Province:
Zip Code: 38018
Country: UNITED
STATES
Telephone: 901
752-6640
Facsimile: 901
752-6645
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
25
Legal Form: Corporation
- Private
Website: toyoshimausainc.com
Business Activity: Commodities contract dealer.
NOTE TO CLIENT
Contact person was
Ms. Jamie Baker, Office Manager.
Ms Baker was unable
to provide financial information but agreed to forward our request for
financial information to the financial officer.
The Company is headquartered in
NOTE: REGARDING ORDERED ADDRESS;
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 01/05/1990
State/Province of
Incorporation: TN
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
Corporation TOYOSHIMA
(
Number: C1480969
Date Filed: 5/1/1990
Status: Active
Jurisdiction:
Address
Agent for Service of Process
THEODORE J ROPER
1800
LOS
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The Company is
qualified to conduct business in
Name I.D. Number
TOYOSHIMA (
Business Type*: CORPORATION
Profit/Nonprofit: FOR
PROFIT
Status*: ACTIVE
Date of
Formation/Qualification: 05/06/1996
Domestic/Foreign: FOREIGN
Place of
Incorporation/Organization: CA
Duration: PERPETUAL
FYC(Fiscal Year
Closing) Month: MARCH
Principal Office:
Address Line 1: 8001
CENTERVIEW PKWY
Address Line 2:
City: CORDOVA
State: TN
Zip: 380184228
Registered Agent:
Name: NATIONAL REGISTERED AGENTS, INC.
Address Line 1: 1900
CHURCH STREET
Address Line 2:
City:
State: TN
Zip: 37203
Managers/Key
Personnel
MR. XIAO FANG
XU President
MS.YONG G. YUE Secretary
AFFILIATED ENTITIES
Other affiliated
company, if any, could not be learned at this time.
Parent Companies
Parent Company: Toyoshima
BANKS
Bank of
Telephone:
212-782-4000
Facsimile:
212-782-6444
Account Number:
Account Manager:
Credit Department
The bank requires a signed
authorization which could not be obtained from management.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
07-03 00-00 0000000 3800
2700 100 0 0
0 0 CUST 25 YR
BUS SERVCS 07-05 00-00 NET 7 400
200 100 0 0
0 0
SAFTY PROD 07-05 00-00 NET 30 0
0 0
0 0 0
0 CUST 7 YR
WAREHOUSE
07-05 06-10 VARIED 100 0
0 0 0
0 0 CUST
3 YR
AIR TRANS
06-11 00-00 NET 30 0 0
0 0 0
0 0 CUST
3 YR
LEASING
07-04 00-00 CONTRCT 400
400 100 0 0 0 0
PRNTG& PUBL 06-06 05-01 NET 10 300
300 100 0 0
0 0
CURRENT QUARTER 4300 2900
100 0 0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
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--- --- --- -------- --- --- --- --- ---
20070500
0 5 0 2800 100 0
0 0 0
20070400
0 6 0 2800 100 0
0 0 0
20070300
0 5 0 2900 100 0
0 0 0
20070200
0 6 0 3100 100 0
0 0 0
20070100
0 19 0 2700 100 0
0 0 0
20061200
0 18 0 2500 100 0
0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
First
2007 0 2900 100 0
0 0 0
Fourth
2006 0 2300 100 0
0 0 0
Third
2006 3 2800 83
17 0 0 0
Second
2006 0 3400 99
0 1 0 0
First
2006 0 1700 100 0
0 0 0
FINANCIAL INFORMATION
Financial details
could not be obtained at this time either directly from management or from
outside sources. No information could be obtained on the parent company.
CURRENT OPERATIONS
NAICS Code: 52313
Commodity Contracts Dealing
SIC Code: 6221
Number of
Employees: 25
Business Activity:
Commodities contract
dealer.
Toyoshima (U.S.A.),Inc.
provides the contract documentation for the exporting and shipping of cotton
fibers. The Company is a merchant of the Western Cotton Shippers Association.
The above address is
the headquarters for the Company consisting of approximately 1200-1500 square
feet and is leased. There is a branch located in
PUBLIC RECORD
No Uniform Commercial
Codes, tax liens or bankruptcy petitions were traced to the Company.
GENERAL COMMENTS
Toyoshima (U.S.A.)
Inc. a well established Firm, engaged as a contract dealer for cotton.
Financial details could not be obtained from management or outside sources,
however working capital appears adequate to support the level of activity as
expressed in a limited, but satisfactory payment history and clear operating
history. Nothing of a negative nature was reported or noted during the
investigation.
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%)