MIRA INFORM REPORT

 

 

Report Date :           

19.12.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

TMG INTERNATIONAL, YK 

 

 

Registered Office :

4-1-1 Hamadacho Minamiku Nagoya 457-0822

 

 

Country :

Japan

 

 

Financials (as on) :

30.04.2011

 

 

Date of Incorporation :

November 2005

 

 

Com. Reg. No.:

(Nagoya-Minamiku) 059683

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Online shop operator, retailing meat, meat products, cooked foods

 

 

No. of Employees :

10 persons

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

Yen 3.3 Million

 

 

Status :

Moderate

 

 

Payment Behaviour :

Slow

 

 

Litigation :

---

 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Japan

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

TMG INTERNATIONAL, YK

(The Meat Guy Internal is online shop operated)

 

 

REGD NAME

 

TMG International YK

 

 

MAIN OFFICE

 

4-1-1 Hamadacho Minamiku Nagoya 457-0822 JAPAN

Tel: 052-618-3705      Fax: 052-618-3706

                                               

URL:                             http://www.themeatguy.jp

E-Mail address:                        saori@themeatguy.jp

 

 

ACTIVITIES  

 

Online shop operator, retailing meat, meat products, cooked foods

 

 

BRANCHES   

 

Nil

 

 

OFFICERS

 

MORGAN JASON PATRICK, PRES                   

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    R/WEAK                       A/SALES          Yen 180 M

PAYMENTS      Slow                          CAPITAL           Yen 3 M

TREND             SLOW                          WORTH            Yen 24 M

STARTED                     2005                             EMPLOYES      10

 

COMMENT    

 

ONLINE SHOP OPERATOR, SPECIALIZING IN MEAT & PRODUCTS.

 

FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 3.3 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Morgan J Patrick in order to make most of his experience in the subject line of business.  This is an online shop operator, operating by name of The Meat Guy International, for retailing meat, meat products, processed foods, other.  Goods are imported.  Also supplies the goods to hotels, restaurants, resorts, other.

 

 

FINANCIAL INFORMATION

           

Financial are only partially disclosed.

 

The sales volume for Apr/2011 fiscal term amounted to Yen 180 million, a similar amount in the previous term.  The net profit was posted at Yen 5 million, similarly in the previous term.

 

For the current term ending Apr 2012 the net profit is projected at Yen 6 million, on a 6% rise in turnover, to Yen 190 million.

 

The financial situation is considered RTHER WEK but should be good for MODERATE business engagements.  Max credit limit is estimated at Yen 3.3 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Nov 2005

Regd No.:         (Nagoya-Minamiku) 059683

Legal Status:      Private Limited Company (Yugen Kaisha)

Regd Capital:      Yen 3 million

 

Major shareholders (%): Morgan J Patrick (100)

 

Nothing detrimental is known as to his commercial morality.

 

 

 

OPERATION

           

Activities: Online shop operator for retailing meat & meat products: beef, lamb, pork, veal, chicken, turkey, duckling, ham, bacon, sausage, cheese, fruits, processed foods, other (--100%).

 

Clients: Hotels, restaurants, resorts, consumers, other

            No. of accounts: Unavailable

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Goods are imported

 

Payment record: Slow

 

Location: Business area in Nagoya.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

MUFG (Ogashirabashi)

Relations: Money deposits & transfers only

 

 

FINANCES

 (In Million Yen)

 

Terms Ending:

　

30/04/2012

30/04/2011

30/04/2010

30/04/2009

Annual Sales

　

190

180

180

120

Recur. Profit

　

　

　

　

　

Net Profit

　

6

5

5

2

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

24

19

14

Capital, Paid-Up

　

　

3

3

3

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

5.56

0.00

50.00

50.00

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

3.16

2.78

2.78

1.67

 Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 30/04/2012 fiscal term.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.81

UK Pound

1

Rs.82.00

Euro

1

Rs.68.81

 

 

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

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

----

NB

New Business

----

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.