MIRA INFORM REPORT

Report Date :

06.01.2011

IDENTIFICATION DETAILS

Name :	S & S JAPAN CORP

Registered Office :	4-47-17 Izumi Suginamiku Tokyo 168-0063

Country :	Japan

Date of Incorporation :	April 1990

Com. Reg. No.:	0113-01-001044 (Tokyo-Suginamiku)

Legal Form :	Limited Company

Line of Business :	Import, wholesale of metal processing equipment

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate

Payment Behaviour :	Unknown

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 – June 30, 2010

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

Japan

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company name

S & S JAPAN CORP

REGD NAME

S & S Japan KK

MAIN OFFICE

4-47-17 Izumi Suginamiku Tokyo 168-0063 JAPAN

Tel: 03-5930-0600 Fax: 03-5930-0700

URL: N/A

ACTIVITIES

Import, wholesale of metal processing equipment

BRANCHES

Nil

OFFICER(S)

TADASHI ISHIHARA, PRES

Yen Amount: In million Yen, unless otherwise stated

SUMMARY

FINANCES UNDETD A/SALES Yen 100 M*

PAYMENTS Unknown CAPITAL Yen 10 M

TREND UNDETD WORTH Yen 10 M

STARTED 1990 EMPLOYES 2

*.. Estimated figures only, and not verified.

COMMENT

TRADING FIRM SPECIALIZING IN METAL PROCESSING EQUIPMENT.

FINANCIAL SITUATION UNDETERMINED DUE TO THE LACK OF FINANCIALS DETAILS WHICH THE FIRM DECLINED TO DISCLOSE.

MAX CREDIT LIMIT: UNABLE TO BE DETERMINED DUE TO THE LACK OF FINANCIAL DETAILS, WHICH THE FIRM DECLINED TO DISCLOSE.

HIGHLIGHTS

The subject company was established by Tadashi Ishihara in order to make most of his experience in the subject line of business. This is a family-based trading firm specializing in import and wholesale of metal processing equipment as a mainline. The firm declined to disclose any of its management & financial details, saying that the firm has been dealing with about 10-12 European makers for about 20 years and have had no problems whatsoever, and adds why are we to be investigated at this stage. No outside sources have any information more than is outlined in the Registration Certificate.

FINANCIAL INFORMATION

Financials are only partially disclosed. The firm declined to disclose them.

The financial situation is UNDETERMINED due to the lack of management and financial details any more than it stipulated in the Registration Certificate. Max credit limit is unable to be assessed due to the same reason.

REGISTRATION

Date Registered: Apr 1990

Regd No.: 0113-01-001044 (Tokyo-Suginamiku)

Legal Status: 　 Limited Company (Kabushiki Kaisha)

Authorized: 　 320 shares

Issued: 200 shares

Sum: 　 Yen 10 million

Major shareholders (%): Tadashi Ishihara (100)

Nothing detrimental is known as to his commercial morality.

OPERATION

Activities: Imports and wholesales metal processing equipment, marine products, other (--100%)

Clients: (Not disclosed)

No. of accounts: Unavailable

Domestic areas of activities: Centered in greater-Tokyo

Suppliers: [Mfrs, wholesalers] Imports from Europe, other.

Payment record: Unknown

Location: Business area in Tokyo. Office premises at the caption address are owned by Tadashi Ishihara as his private residence and maintained satisfactorily.

Bank References:

Local Bank (Unavailable)

Relations: Money deposits & transfers only

FINANCES

(In Million Yen)

Not disclosed. The owner declined to disclose them.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.20
UK Pound	1	Rs.70.27
Euro	1	Rs.59.99

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%)

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