MIRA INFORM REPORT

 

 

Report Date :

15.01.2008

 

IDENTIFICATION DETAILS

 

Name :

PLAYER INC

 

 

Registered Office :

C/o P & VAC Corp, Dai Hyaku Seimei Bldg 5F, 2-1-9 Shinjuku Shinjukuku Tokyo 160-0022

 

 

Country :

Japan

 

 

Date of Incorporation :

Jul 1998                       

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Equity Investment Advisor

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Regular


 

name

 

PLAYER INC

 

 

REGD NAME

 

YK Player

 

 

MAIN OFFICE

 

c/o P & VAC Corp, Dai Hyaku Seimei Bldg 5F, 2-1-9 Shinjuku Shinjukuku Tokyo 160-0022 JAPAN

Tel: 03-5368-2251   

Fax: 03-5368-2252

 

 

Registered at

 

 5-17-3 Higashi-Gotanda Shinagawaku Tokyo 141-0022: registered office address only and no office space

URL:                 N/A

 

 

ACTIVITIES

 

Equity investment advisor

 

 

BRANCHES

 

Nil

 

 

OFFICER(S)

 

MICHIKO TAKEDA, PRES

Yoshinori Oowa, CFO (concurrently pres of P & VAC Corp)  (See HIGHLIGHTS)

 

 

Yen Amount    

 

In million Yen, unless otherwise stated

 

 

 

SUMMARY

 

FINANCES        UNDETD                       A/SALES          Yen 100 M*

 

PAYMENTS      REGULAR                     CAPITAL           Yen 5 M

 

TREND             UNDETD                       WORTH            Yen 5 M

STARTED         1999                             EMPLOYES      1

                                                            * Estimated only

 

 

COMMENT

 

EQUITY INVESTMENT ADVISOR & CONSULTANT.  FINANCIAL SITUATION UNDETERMINED DUE TO THE LACK OF FINANCIALS AND RELATIVE INFORMATION BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

 

 

MAX CREDIT LIMIT

 

UNABLE TO BE ASSESSED DUE TO THE ABSENCE (REFUSED) OF FINANCIALS.  ANY CREDITS ARE RECOMMENDED ON FULLY GUARANTEED TERMS.

 

 

HIGHLIGHTS

           

The subject company was established by Michiko Takeda in order to make most of her experience in the subject line of business.  This is an equity investment advisor & consultant, real estate transactions, etc.  Not licensed from Tokyo FSA for investment advisory business.  The firm declined to disclose any of its management and financials except outlined herein.  We have obtained the Registration Certificate and most of the information is cited from the Certificate.  No other database has any further information, either.  The given address is where P & VAC Corp, a business consultant,  (See REGISTRATION) is located and all business operations are carried out by Yoshinori Oowa, CFO of the subject firm and the only employee.  All correspondence matters and business operations are handled by the firm.  Y Oowa is concurrently pres of the P & VAC Corp.  No capital tie-ups between the two firms.

           

 

FINANCIAL INFORMATION:

 

The firm declined to disclose any of its financials.  They are not disclosed to third parties, except main banks, according to Y Oowa.  We estimate annual sales at around Yen 100 million or over, as gathered from conversation with him.  But this is only guess and not verified by outside sources.

           

Both the financial situation and business trends are not determined due to the lack of financials but should be good for MODERATE business engagements, as judged from the existence of the firm for nearly 10 years.. Max credit limit is unable to be assessed due to the lack of financials.  All & any credits on new transactions are recommended on fully guaranteed terms.

 

 

REGISTRATION

 

Date Registered:            Jul 1998

Legal Status:                 Private Limited Company (Yugen Gaisha)

Regd No:                       (Tokyo) 0107-02-009971

Regd Capital:                 Yen 5 million

Major shareholders (%): Michiko Takeda (breakdown not available)

No. of shareholders:       3

           

P & VAC Corp, business consultant, at the caption address, founded Aug 2000, capital Yen 30 million, employees 30, pres Yoshinori Oowa, who acts is CFO of the subject firm.

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

 

Activities: Equity investment advisor & consultant (100%).

 

           

Clients

 

Business firms, mfrs, other

 

No. of accounts: Unavailable

 

Domestic areas of activities: Centered in greater-Tokyo

 

           

Suppliers

 

Business firms, banking institutions, government, other

 

Payment record: Regular

 

 

Location

 

Business area in Tokyo.  Office premises at the caption address are leased and maintained satisfactorily.

 

 

Bank References

 

SMBC, MUFG, Mitsui Trust Bank (H/O)

 

Relations: Money deposits & transfers only

 

 

FINANCES: (In Million Yen)

 

NOT MADE AVAILABLE (THE FIRM REFUSED TO DISCLOSE FINANCIALS)

 

 


 

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