MIRA
INFORM REPORT
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Report Date : |
12.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
HOUSEHOLD JAPAN CO LTD |
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Registered Office : |
7F1, 2-7-13 Minamisemba Chuoku Osaka 542-0081 |
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Country : |
Japan |
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Date of Incorporation : |
December 2007 |
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Com. Reg. No.: |
(Osaka) 1299-01-128329 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Wholesale of PE Film Bags |
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 : |
No Complaints |
name & address
HOUSEHOLD JAPAN CO LTD
REGD NAME: Household Japan KK
MAIN OFFICE: 7F1, 2-7-13
Minamisemba Chuoku Osaka 542-0081 JAPAN
Tel:
06-6271-2968 Fax: 06-6271-2969
URL: http://www.h2j.jp/ (Under
construction)
ACTIVITIES
Import, wholesale of PE film bags
BRANCHES
Nil
OFFICER(S)
HARUO NOZAKI, PRES
Shusaku Koyama, dir
Kayoko Tanaka, dir
Yen Amount
In million Yen,
unless otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 300 M*
PAYMENTS REGULAR CAPITAL Yen 6 M
TREND UNDETD WORTH Yen 6 M
STARTED 2007 EMPLOYES 3
*
Target figures for the initial year
COMMENT
IMPORTER AND WHOLESALER OF PE FILM
GARBAGE BAGS.
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 RECENT INCEPTION AND IN THE ABSENCE OF PROVEN BUSINESS. WE RECOMMEND ALL CREDITS TO BE ON FULLY GUARANTEED AND SECUREDTERMS.
HIGHLIGHTS
The subject company was established by Haruo Nozaki in order to make most of his experience in the subject line of business. This is a newly founded trading firm specializing in import and whole-sale of polyethylene film garbage bags. Goods are imported form China, and S/E Asian countries. Clients include supermarkets, specialty stores, other. Also local municipalities are one of the clients.
FINANCIAL INFORMATION
The sales volume for the initial one year ending Dec 2008 is targeted at Yen 300 million, according to H Nozaki.
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 is unable to be assessed due to the absence of proven business records. We recommend all credits to be on fully guaranteed & secured terms until the first year business records are made available. Hence the proposed amount is not feasible under the circumstances.
REGISTRATION
Date Registered: Dec 2007
Regd No.: (Osaka)
1299-01-128329
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 6,000
shares
Issued: 600
shares
Sum: Yen
6 million
Major shareholders (%)
Haruo Nozaki (100)
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Imports and wholesales (partially retails,
including online sales) polyethylene film bags
(100%).
Clients
Supermarkets, convenience
stores, specialty stores, local municipalities, other
No. of accounts
Unavailable
Domestic areas of activities
Centered in greater-Osaka
Suppliers
Mfrs, wholesalers] Imports from
China and S/E Asian countries.
Payment record
Regular
Location
Business
area in Osaka. Office premises at the
caption address are leased and maintained satisfactorily.
Bank References
SMBC (Semba)
Relations: Money deposits & transfers only
FINANCES: (In Million Yen)
NOT YET 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%)