MIRA
INFORM REPORT
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Report Date : |
11.05.2007 |
IDENTIFICATION DETAILS
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Name : |
TIP |
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Registered Office : |
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Country : |
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Date of Incorporation : |
Nov.
2001 |
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Legal Form : |
Sole
Proprietorship |
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Line of Business : |
Non-life
insurance agent |
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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Maximum Credit Limit : |
Yen 3.5 millions |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
name
TIP
REGD NAME
Tip
MAIN OFFICE
Tel: 03-3212-4891
Fax: 03-3215-2768
URL: http://www.tip-japan.com
E-Mail
address: info@tip-japan.com
ACTIVITIES
Non-life
insurance agent
BRANCHES
Nil
OFFICERS
YOSHINORI
KONDO, PRES
Yen
Amount: In million Yen, unless otherwise
stated
SUMMARY
FINANCES FAIR A/SALES Yen 200 M*
PAYMENTS REGULAR CAPITAL - - -
TREND STEADY WORTH Yen
50 M
STARTED 2001 EMPLOYES 3
*..
Only estimated as financials are not disclosed.
COMMENT
NON-LIFE INSURANCE AGENT FOR AIU FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR PROPER BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 3.5 MILLION, 30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The subject firm was established by Yoshinori Kondo in order to make most of his experience in the subject line of business. This is a non-life insurance agent appointed by AIU. Handles insurances for overseas travelers, overseas study students, other.
FINANCIAL INFORMATION
The firm does not disclose financials and the following figures are estimated by us based on telephone conversation with the firm’s treasurer. No outside data to verify the figures, though.
The sales volume for Dec/2006 fiscal term is estimated amounted to Yen 200 million, a similar amount in the previous term. The net profit is estimated posted at Yen 2 million.
For the current term ending Dec 2007 the net profit is projected at Yen 2 million, on a similar turnover, at Yen 200 million.
The financial situation is considered maintained FAIR and good for PROPER business engagements. Max credit limit is estimated at Yen 3.5 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Not registered
(Founded
Nov/2001)
Legal
Status: Sole
Proprietorship
Net
Worth: Yen 50 million
(estimated)
This firm is wholly owned and operated by Yoshinori Kondo. The net worth is estimated at Yen 50 million, which derived from his past savings.
Nothing
detrimental is known as to his commercial morality.
OPERATION
Activities: Non-life insurance agent appointed by AIU Japan,
offering services to overseas travelers, visitors, students studying overseas,
others (--100%).
Services
are offered online, too.
Clients:
Overseas travelers, visitors, students, other
No. of
accounts: Unavailable
Domestic
areas of activities: Centered in greater-Tokyo
Suppliers:
[Insurance firm] Supplied exclusively from AIU Japan.
Payment
record: Regular
Location: Business area in
Bank References
Local
Bank (Not available)
Relations:
Satisfactory
FINANCES
(In
Million Yen)
NOT
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%)