MIRA INFORM REPORT
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Report Date : |
17.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
TERESHIA LTD |
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Registered Office : |
Yofukukaikan 5F, 12 Ichigaya-Hachimancho
Shinjukuku Tokyo 162-0844 |
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Country : |
Japan |
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Date of Incorporation : |
September, 1990 |
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Legal Form : |
Limited Company |
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Line of Business : |
International Freight Forwarder |
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. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
Name
TERESHIA LTD
REGD NAME
KK Tereshia
MAIN OFFICE
Yofukukaikan 5F, 12 Ichigaya-Hachimancho Shinjukuku Tokyo 162-0844 JAPAN
Tel: 03-6303-5530 Fax:
03-6303-3377
E-Mail address: (thru
the URL)
ACTIVITIES
International freight forwarder
BRANCHES
Osaka
OFFICER(S)
WASABURO NISHI, PRES
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,000 M*
PAYMENTS REGULAR CAPITAL Yen
10 M
TREND STEADY WORTH Yen
10 M**
STARTED 1990 EMPLOYES 28
* Gathered from the treasurer only verbally & not
verified.
** Expressed by the paid-in
capital as financials are not disclosed
COMMENT
INTERNATIONAL FREIGHT FORWARDER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: UNABLE TO BE
ASSESSED IN THE ABSENCE OF FINANCIALS.
REVENUES ARE ONLY VERBALLY PROFESSED AND NOT VERIFIED BY THIRD
PARTIES. PAYMENTS ARE COVERED BY BILLS
OF LADING.
HIGHLIGHTS
The subject company was
established originally in 1971 as forwarding agent in Japan by Meadows (UK) to
engage in international freight forwarding business on UK/Japan route. Incorporated in 1990 as Tereshia Japan Inc,
and has expanded regular forwarding services (sea/land/air services) from over
20 countries worldwide. Service routes
are now: Europe, USA, Latin America, Australia, China, India, other. In 2005, started import & export
businesses including import/export agency.
Offers warehousing services in Japan at sites of leading automotive
parts mfrs in the world. Also handles
projects cargoes, trade fair show cargoes, sports events, etc.
FINANCIAL INFORMATION
The firm does not disclose financials
as they are controlled by the UK parent, Meadows & group firms, the firm
says. We have managed revenues for
Dec/2007 fiscal term as Yen 2,000 million from a treasurer, but they are not
verified by outside sources. No other
data base can provide financials including detailed management details.
The financial situation is considered FAIR and good for
ORDINARY business engagements on the back of financial strength of UK
parent. Max credit limit is unable to
be assessed as financials are not disclosed.
All payments/credits are covered by Bills of Lading.
REGISTRATION
Date
Registered: Sept 1990
Legal
Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200
shares
Sum: Yen 10 million
Major shareholders (%): Meadows (UK) & group firms
(100)
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: International freight forwarder
offering sea/air/land transportation services, including warehousing, customs clearance,
and related services (--100%).
Regular Worldwide services from: Europe
including UK, Italy, France, Spain, Portugal, Germany, Belgium and Netherlands;
Asia including Hong Kong, Mainland China, Taiwan, Korea, Singapore & other
Asian countries; North & South Americas including USA, Canada & Brazil.
(Services provided are):
International Freight Division: cargo booking & pick up,
cargo trucking & tracing, documentation preparation, destination customs
clearances, shipment alert & confirmation, shipment pre-planning, other;
Logistics Division: logistic services in Japan for
world leading automotive parts mfrs;
Customs Clearance Division: (Import Customs Clearance)
simplified procedures, full declaration & reporting to appropriate
government authorities, door-to-door delivery services, post declaration
monitoring & reporting, landed cost calculations;
(Export Customs Clearance) full declaration & reporting
to appropriate government authorities, other related services.
(Logistic services results for various events in last five years):
David Copperfield Fantasy
Illusion (Magic Show); Load of Dance (Musical show); River dance (Musical
show); Macao Porsche Race; Formula Nippon Racing “TEAM MOHN”.
Clients
Automakers, mfrs, wholesalers,
other
No. of
accounts: 1,000
Domestic
areas of activities: Nationwide
Suppliers
Ship operators, freight
forwarders, airlines, truckers, other
Payment
record: Regular
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References
SMBC (Kojimachi)
Mizuho Bank (Ginzadori)
Relations: Satisfactory
FINANCES: (In Million Yen)
FINANCIALS ARE NOT DISCLOSED AS CONSOLIDATED BY UK PARENT,
MEADOWS & GROUP FIRMS
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.33 |
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UK Pound |
1 |
Rs.73.92 |
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Euro |
1 |
Rs.66.69 |
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%)