MIRA INFORM REPORT

Report Date :

18.01.2011

IDENTIFICATION DETAILS

Name :	belle fille co ltd

Registered Office :	3784-13-812 Matsugaoka-Kitamachi Akashi Hyogo-Pref 673-0861

Country :	Japan

Date of Incorporation :	February 1991

Com. Reg. No.:	1403-01-005245 (Hyogo-Akashi)

Legal Form :	Limited Company

Line of Business :	Import, export, wholesale of garment

RATING & COMMENTS

MIRA’s Rating :

RATING

STATUS

PROPOSED CREDIT LINE

New Business

Status :	New Company

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

Name and address

BELLE FILLE CO LTD

REGD NAME: KK Belle Fille

MAIN OFFICE: 3784-13-812 Matsugaoka-Kitamachi Akashi Hyogo-Pref 673-0861 JAPAN

Tel: 078-912-9116 Fax: 078-912-9116

URL: N/A

ACTIVITIES

Import, export, wholesale of garment

BRANCHES

Nil

OFFICER(S)

KOICHIRO ASARI, PRES

Yen Amount: In million Yen, unless otherwise stated

SUMMARY

FINANCES UNDETD A/SALES Yen 50 M*

PAYMENTS UNKNOWN CAPITAL Yen 10 M

TREND UNDETD WORTH Yen 10 M

STARTED 2010 EMPLOYES 2

*.. Sales target only for the first year

COMMENT

TRADING FIRM SPECIALIZING IN GARMENTS.

FINANCIAL SITUATION UNDETERMIEND 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 WITHOUT PROVEN BUSINESS.

HIGHLIGHTS

The subject company was reactivated by Koichiro Asari in Sept 2010 a sleeping company established in 1992. This is a trading firm specializing in import, export and wholesale of men’s & women’s clothing and clothing accessories. The firm is owned and operated by the Asahi Family. Information is limited and the contents of this report are based on telephone conversation and the Registration Certificate.

FINANCIAL INFORMATION:

The sales for one year ending Aug 2011 is targeted at Yen 50 million, says Koichiro Asari.

The financial situation is undetermined 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.

REGISTRATION

Date Registered: Feb 1991

Regd No.: 1403-01-005245 (Hyogo-Akashi)

Legal Status: 　Limited Company (Kabushiki Kaisha)

Authorized: 　800 shares

Issued: 　200 shares

Sum: 　Yen 10 million

Major shareholders (%): Koichiro Akashi (100)

Nothing detrimental is known as to his commercial morality.

OPERATION

Activities: Imports, exports and wholesales men’s & women’s clothing and clothing accessories, foodstuffs, other (--100%).

Clients: Mfrs, wholesalers, other

No. of accounts: Unavailable

Domestic areas of activities: Centered in greater-Osaka

Suppliers: [Mfrs, wholesalers] Goods are imported

Payment record: Regular

Location: Business area in Akashi City, Hyogo-Pref. Office premises at the caption address are owned by K Asari as his private home residence and maintained satisfactorily.

Bank References:

Local Bank (Akashi)

Relations: Money deposits & transfers only

FINANCES

(In Million Yen)

NOT YET MADE AVAILABLE

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.59
UK Pound	1	Rs.72.31
Euro	1	Rs.60.73

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.