MIRA
INFORM REPORT
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Report Date : |
25.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
MAERSK LOGISTICS JAPAN KK |
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Registered Office : |
Hanzomon First Bldg 3F, 1-4 Kojimachi Chiyodaku Tokyo 102-0083 |
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Country : |
Japan |
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Date of Incorporation : |
December 1987 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Ocean/Air Freight Forwarder, Warehousing, Distribution |
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 : |
Moderate |
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Payment Behaviour : |
Regular |
name & address
MAERSK LOGISTICS JAPAN KK
REGD NAME: Maersk Logistics Japan
KK
MAIN OFFICE: Hanzomon First Bldg
3F, 1-4 Kojimachi Chiyodaku Tokyo 102-0083 JAPAN
Tel:
03-5213-2111 Fax: 03-5213-2131
URL: http://www.maersk-logistics.com/japan/
E-Mail address: logistics@maersk.co.jp
ACTIVITIES
Ocean/air freight forwarder, warehousing, distribution
BRANCHES
Nagoya, Osaka, Kobe, other
OFFICER(S)
HOWARD RAM, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Not disclosed
PAYMENTS REGULAR CAPITAL Yen 435 M
TREND UNDETD WORTH Yen 435 M*
STARTED 1987 EMPLOYES 50
*
Expressed by the paid-in capital
COMMENT
FREIGHT FORWARDER, WHOLLY OWNED BY AP MOLLER, DENMARK.
FINANCIAL SITUATION UNDETERMINED DUE TO THE LACK OF
FINANCIALS.
MAX CREDIT LIMIT
UNABLE TO ASSESS AS FINANCIALS ARE NOT DISCLOSED AS THEY SAY THEY ARE CONTROLLED BY THE DANISH HEADQUARTERS AND NOT FREELY RELEASED.
HIGHLIGHTS
The subject company was established by AP Moller, Denmark, as its marketing office in Japan. This is a freight forwarder for sea/land/air transport. Also offers warehousing, cargo distribution, etc. The information is limited. Financials are not disclosed as they are controlled by the Danish Head- quarters. No outside sources have any financial information, either.
FINANCIAL INFORMATION
Financials are strictly not disclosed.
Both the financial situation and business trends are not determined due to the lack of financials and relative information, but because of the financial strength of the Danish Headquarters we consider the firm is responsible for ORDINARY business engagements. Max credit limit is unable to be esti- mated due to the lack of proven financials.
REGISTRATION
Date Registered: Dec 1987
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 8,700 shares
Issued: 8,700 shares
Sum: Yen 435 million
Major shareholders (%)
AP Moller, Denmark 100)
* AP Moller operates a shipping Line, Maersk Japan KK, at the caption address, founded 1981capital Yen 1,000 million, revenues reported last was for Feb/2001 at Yen 40,000, and ever since have stopped releasing financials, owns container terminals in Yokohama & Kobe, employees 445, pres Michel Deleuran.
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Freight forwarder for sea/land/air, warehousing, cargo distribution (--100%)
Clients
[Cargo owners] Sony, IBM Japan, FDL, other.
No. of accounts
Unavailable
Domestic areas of activities
Nationwide
Suppliers
[Ship lines, warehousing] Maersk KK, Mitsubishi Warehouse, other.
Payment record
Regular
Location
Business
area in Tokyo. Office premises at the
caption address are leased and maintained satisfactorily.
Bank References
MUFG (Shin-Marunouchi)
SMBC (Rokko)
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%)