MIRA
INFORM REPORT
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Report Date : |
25.11.2008 |
IDENTIFICATION DETAILS
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Name : |
OXEA |
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Registered Office : |
NS Bldg 22F, 2-4-1 Nishishinjuku Shinjukuku |
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Country : |
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Date of Incorporation : |
February 2007 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Wholesale of Industrial Chemicals |
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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Maximum Credit Limit : |
YEN 17.5 Million |
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Status : |
New Company |
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Payment Behaviour : |
Regular |
name & address
OXEA
REGD NAME: Oxea
MAIN OFFICE: NS
Bldg 22F, 2-4-1 Nishishinjuku Shinjukuku
Tel: 03-5339-2201
Fax: 03-5339-2866
URL: http://www.oxea-chemicals.com/
E-Mail
address: (thru the URL)
ACTIVITIES
Import,
wholesale of industrial chemicals
BRANCHES
Nil
OFFICER(S)
MISAO
SAKURAI, REP DIR
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 1,000 M
PAYMENTS REGULAR CAPITAL Yen 84 M
TREND UNDETD WORTH Yen
184 M
STARTED 2007 EMPLOYES 3
COMMENT
TRADING FIRM SPECIALIZING IN INDUSTRIAL
CHEMICALS, WHOLLY OWNED BY OXEA GmbH (
FINANCIAL SITUATION UNDETERMINED
DUE TO THE RECENT INCEPTION BUT SHOULD BE GOOD FOR ORDINARY BUSINESS
ENGAGEMETNS.
MAX CREDIT LIMIT: YEN
17.5 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Oxea GmbH (
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Dec/2007 fiscal term for irregular 11
months from the inception is reported amounted to Yen 1,000 million, with net
profit reported at Yen 100 million..
For the current term ending Dec 2008 the net profit is
projected at Yen 110million, on a 10% rise in turnover, to Yen 1,200
million. Due to the rising prices of
industrial chemicals the sales will likely expand, the firm says.
Both the financials situation and business trends are not
determined due to the recent inception but should be good for ORDINARY business
engagements. Max credit limit is
estimated at Yen 17.5 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Feb 2007
Legal
Status: Limited
Company (Kabushiki Kaisha)
Authorized: 1,682
shares
Issued: 1,682
shares
Sum: Yen
84,077,000.00
Major shareholders (%): Exeo GmbH (
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales industrial
chemicals: alcohols, carboxylic acid, basis aldehides, higher aldehydes,
amines, ester, other (--100%).
Clients
Chemicals mfrs, synthetic resin
mfrs, paint & coating mfrs, other
No. of
accounts: 300
Domestic
areas of activities: Nationwide
Suppliers
[Mfrs, wholesalers] Supplied
wholly from Oxea
Payment record:
Regular
Location:
Business area in
Bank References
SMBC
(Akasaka)
Relations:
Satisfactory
FINANCES: (In Million Yen)
NOT
MADE AVAILABLE
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.97 |
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1 |
Rs.75.45 |
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Euro |
1 |
Rs.64.21 |
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%)