MIRA
INFORM REPORT
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Report Date : |
29.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
BRIDGE LEANING LTD |
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Registered Office : |
417 Ichikannoncho Kamigyoku Kyoto 602-8335 |
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Country : |
Japan |
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Date of Incorporation : |
April 2007 |
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Legal Form : |
Private Limited Company (Yugen Gaisha) |
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Line of Business : |
Import of Houghton Muffin and other school materials |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Regular |
name & address
BRIDGE LEANING LTD
REGD NAME: Bridge Learning YK
MAIN OFFICE: 417 Ichikannoncho
Kamigyoku Kyoto 602-8335 JAPAN
Tel:
075-465-5058 Fax: 075-606-8926
URL: http://www.bridgelearning.org/
E-Mail address: info@bridgelearning.org
ACTIVITIES
Import of Houghton Muffin and other school materials
BRANCHES
Nil
OFFICER(S)
CCARTER KELTNER, REP DIR
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 100 M*
PAYMENTS REGULAR CAPITAL Yen 3 M
TREND UNDETD WORTH Yen 3 M
STARTED 2007 EMPLOYES 3
*
Estimated figures only as financials not disclosed
COMMENT
IMPORTER OF HOUGHTON MUFFIN TEXT BOOKS.
FINANCIAL SITUATION UNDETERMINED DUE TO THE RECENT INCEPTION
BUT SHOULD
BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT
UNABLE TO BE ASSESSED DUE TO THE LACK OF FINANCIALS.
HIGHLIGHTS
The subject company was established by Bridge Leaning Ltd, Hong Kong, as its branch office in Japan. The firm imports Houghton Muffin and other school text books & materials. Dealing is with its Hong Kong office only. Clients are international schools & private bilingual schools. The firm declined to divulge any further information saying that their business is only with Hong Kong Headquarters and financials are handled by them.
FINANCIAL INFORMATION
The sales volume for Dec/2007 fiscal term is believed posted at Yen 100 million, but this is only estimated and verified by outside sources.
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 cannot be assessed due to the lack of financials and other relative information, which the firm refused to disclose.
REGISTRATION
Date Registered: Apr 2007
Legal Status: Private Limited Company (Yugen Gaisha)
Regd Capital: Yen 3 million
Major shareholders (%)
Bridge Leaning Ltd, Hong Kong (100)
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales (including retailing) Houghton Muffin textbooks and other school materials (--100%).
Clients
International schools, private bilingual schools, other
No. of accounts
Unavailable
Domestic areas of activities
Nationwide
Suppliers
[Mfrs] Supplied wholly from Bridge Leaning Ltd, Hong Kong and group firms.
Payment record
Regular
Location
Business area in Kyoto. Office premises at the caption address are leased and maintained satisfactorily.
Bank References
Local Bank (Not disclosed)
Relations: Money deposits & transfers only
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%)