MIRA INFORM REPORT

 

 

Report Date :

18.10.2007

 

IDENTIFICATION DETAILS

 

Name :

TFP JAPAN CO LTD

 

 

Registered Office :

9-8-10 Kitami Setagayaku Tokyo 157-0067

 

 

Country :

Japan

 

 

Date of Incorporation :

Apr 2003

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Import, export of automobile parts & accessories

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NR

 

RATING

STATUS

PROPOSED CREDIT LINE

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

Status :

Undetermined

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 


name

 

TFP JAPAN CO LTD

 

 

REGD NAME

 

KK TFP Japan

 

 

MAIN OFFICE

 

9-8-10 Kitami Setagayaku Tokyo 157-0067 JAPAN

Tel        : Not disclosed

Fax       : Not disclosed

URL      : N/A

 

 

ACTIVITIES

 

Import, export of automobile parts & accessories

 

 

BRANCHES

 

Nil

 

 

OFFICERS

 

KAZUYOSHI YOSHIMURA, PRES

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES        UNDET5D                     A/SALES          Yen 100 M*

PAYMENTS      REGULAR                     CAPITAL           Yen 10 M

TREND             UNDETD                       WORTH            Yen 10 M

STARTED         2003                             EMPLOYES      1

                                                            *.. Estimated only

 

 

COMMENT

 

TRADER SPECIALIZING IN AUTO PARTS & ACCESSORIES. FINANCIAL SITUATION NOT DETERMINED DUE TO THE LACK OF FINANCIALS BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: UNABLE TO BE ASSESSED DUE TO THE LACK OF PROVEN BUSINESS.  WE RECOMMEND THAT ALL CREDITS TO BE ON FULLY SECURED TERMS. 

 

 

HIGHLIGHTS

           

The subject company was established by Kazuyoshi Yoshimura in order to make most of his experience in the subject line of business.  This is a one-man operated trader specializing in import and export of automobile parts and accessories (of rubber-based products).  The firm does not disclose any of its management and/or financials.  No other databases have any information at all.

 

 

FINANCIAL INFORMATION

           

Financials are not disclosed and all the figures are only estimated based on the estimates by fellow traders in the similar line of business.

 

The sales volume for Mar/2007 fiscal term is estimated amounted to Yen 100 million, a similar amount in the previous term, on a breakeven profit basis. 

 

Both the financial situation and business trends are not determined due to the lack of proven business records, but should be good for MODERATE business engagements.  The proposed amount is unable to be assessed due to the same reason.  We recommend all & any credits to be on fully secured terms. 

 

 

REGISTRATION

 

Date Registered:            Apr 2003

Legal Status:                 Limited Company (Kabushiki Kaisha)

Authorized:                    800 shares

Issued:                          200 shares

Sum:                           Yen 10 million

Major shareholders (%): Kazuyoshi Yoshimura (100)

           

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

 

Activities: Imports, exports and wholesales rubber-based auto parts & accessories (--100%).

 

Clients: Not disclosed 

 

No. of accounts: Limited

 

Domestic areas of activities: Centered in greater-Tokyo

 

Suppliers: Not disclosed

 

Payment record: Regular

 

Location: Business area in Tokyo.  Office premises at the caption address are owned by K Yoshimura as his private residence and maintained satisfactorily.

 

 

Bank References

 

Local Bank (Not disclosed)

 

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.

 

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