MIRA
INFORM REPORT
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Report Date : |
21.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
PGE RESEARCH CORPORATION |
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Registered Office : |
G Point Bldg 4F, 1-6-11 Kojimachi Chiyodaku Tokyo 102-0083 |
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Country : |
Japan |
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Date of Incorporation : |
Apr 1987 |
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Com. Reg. No.: |
0110-01-038185 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Business consultant; financial planning business |
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 : |
No Complaints |
name
PGE RESEARCH CORPORATION
REGD NAME
PGE Research KK
MAIN OFFICE
G Point Bldg 4F, 1-6-11 Kojimachi Chiyodaku Tokyo 102-0083 JAPAN
Tel : 03-3222-6131
Fax : 03-3222-6333
URL :
N/A :
*.. Registered at: 1-19-18 Shibuya Shibuyaku Tokyo (This is the
home address of
Eric Clauson, the president.
ACTIVITIES
Business consultant; financial planning business
BRANCHES
Nil
OFFICERS
ERIC CLAUSON, PRES (US resident)
Margaret Bradley, dir*
Vincent Chun, dir*
*.. Not permanent
Yen Amount: In million Yen,
unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,000 M*
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen 100 M*
STARTED 1987 EMPLOYES 3
*.. Estimated only, as the firm does not disclose details.
COMMENT
BUSINESS CONSULTANT; FINANCIAL PLANNING BUSINESS. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: UNABLE TO BE ASSESSED DUE TO THE PROVEN
BUSINESS.
HIGHLIGHTS
The subject company was established by Eric Clauson in order to
make most of his experience in the subject line of business. The firm is business consultant, as
registered in the Registration Certificate, and the actual business
transactions are the management of properties in USA. The business includes financing programming, etc. The firm is in process of opening account
with Wells Fargo in USA, according
to the treasurer. The firm does not
disclose any of its financials other than outlined
in this report. We have therefore
obtained the Registration Certificate and checked the details with the firm
over the phone.
FINANCIAL INFORMATION
The revenues for
Jul/2007 fiscal term is estimated amounted to Yen 1,000 million, although the
figures have not been confirmed by the firm, who says the firm does not
disclose financials other than to the banks and direct clients/recipients.
The financial situation is considered maintained FAIR and good
for ORDINARY business engagements. Max
credit limit is unable to be assessed due to the absence of proven business
records.
REGISTRATION
Date Registered: Apr
1987
Regd No: 0110-01-038185
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800
shares
Issued: 200
shares
Sum: Yen 10 million
Major shareholders (%): Eric Clauson (100)
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Business consultant, financing programming:
management of properties in USA (--100%).
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
MUFG (Kojimachi)
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. |
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%)