MIRA
INFORM REPORT
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Report Date : |
5th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
SUN OCEAN CORPORATION |
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Registered Office : |
Ichibancho MS Bldg 5F, 17-6 Ichibancho Chiyodaku Tokyo 102-0082, Japan |
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Country : |
Japan |
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Date of Incorporation : |
August 2006 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Imports and wholesales health foods, supplementary foods,
water purifiers, other. |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Company Name
SUN OCEAN CORPORATION
REGD NAME
KK Sun Ocean
MAIN OFFICE
Ichibancho MS Bldg 5F, 17-6 Ichibancho Chiyodaku Tokyo 102-0082 JAPAN
Tel : 03-3595-0234
Fax : 03-3595-0235
URL :
(Under planning)
ACTIVITIES
Import, wholesale of health foods, water purifier
BRANCHES
Nil
FACTORY(IES)
(subcontracted)
OFFICERS
IKUTOSHI TSUBOI, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 100 M*
PAYMENTS REGULAR CAPITAL Yen 4 M
TREND UNDETD WORTH Yen 4 M
STARTED 2006 EMPLOYES 5
*.. Sales target only
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN HEALTH FOODS.
FINANCIAL SITUATION UNDETERMINED DUE TO THE RECENT INCEPTION
BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: UNABLE TO BE ASSESSED WITHOUT PROVEN BUSINESS RESULTS DUE TO THE RECENT
INCEPTION.
HIGHLIGHTS
The subject company is a brand new firm established in Aug 2006
by Ikutoshi Tsuboi in order to make most of his experience in the subject line
of business. Specializes in import and
wholesale of health foods, supplementary foods, water purifiers, other. Aims to handle cosmetics, too. Goods are also retailed.
FINANCIAL INFORMATION
The sales for the initial Jul/2007 fiscal term is targeted
at Yen 100 million, according to the treasurer.
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 in the absence of proven business results due to the recent
inception. All credits are recommended
on fully guaranteed terms.
REGISTRATION
Date Registered : Aug
2006
Legal Status :
Limited Company (Kabushiki Kaisha)
Authorized :
320 shares
Issued :
80 shares
Sum :
Yen 4 million
Major shareholders (%)
Ikutoshi Tsuboi (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: Imports and wholesales health foods,
supplementary foods, water purifiers, other (--100%). Goods are also retailed.
Clients
Chain stores, specialty stores, consumers
No. of accounts
Unavailable
Domestic areas of activities
Centered in greater-Tokyo
Suppliers
[Mfrs, wholesalers] Goods are imported.
Payment record
Regular
Location
Business area in Tokyo.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
Local Bank (Tokyo)
Relations: Money deposits and transfers only.
FINANCES
(In Million Yen)
NOT AVAILBALE AS YET.
(CLOSING Jul/2007)
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%)