MIRA INFORM REPORT

Report Date :

31.01.2011

IDENTIFICATION DETAILS

Name :	VISIONIZE CORPORATION

Registered Office :	Quest Court Harajuku 310 Sendagaya Shibuyaku Tokyo 151-0051

Country :	Japan

Date of Incorporation :	January 2011

Legal Form :	Limited Company

Line of Business :	Import, Wholesale, Retail of eyeglasses, sun glasses

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
----	NB	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

Company name

VISIONIZE CORPORATION

REGD NAME

KK Visionize

MAIN OFFICE

Quest Court Harajuku 310 Sendagaya Shibuyaku Tokyo 151-0051 JAPAN

Tel: 03-5772-7362 Fax: 03-5772-3653

URL: www.visionize.co.jp (Under construction)

E-mail: s.meiros@visionize.co.jp

ACTIVITIES

Import, wholesale, retail of eyeglasses, sun glasses

BRANCHES

Nil

OFFICER(S)

S MEIROS, 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 2011 EMPLOYES 5

*.. First year target only

COMMENT

TRADING FIRM SPECIALIZING IN EYEGLASSES.

FINANCIAL SITUATION UNDETERMINED 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 established by S Meiros in order to make most of his experience in the subject line of business. This is a brand new company just established in Jan 2011 as a trading firm specializing in import and wholesale of eyeglasses. Goods are imported from Italy centrally. Registration is not completed as it takes two to three years after application. Information is very limited.

FINANCIAL INFORMATION

The sales volume for the initial fiscal term ending Dec/2011 fiscal term is targeted at Yen 50 million, says the firm.

The financial situation and business trends are 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 recent inception and without proven business records.

REGISTRATION

Date Registered: Jan 2011

Legal Status: 　Limited Company (Kabushiki Kaisha)

Authorized: 　800 shares

Issued: 　200 shares

Sum: 　Yen 10 million

Major shareholders (%): S Meiros (100)

Nothing detrimental is known as to his commercial morality.

OPERATION

Activities: Imports and wholesales (partially retails) eyeglasses, sun glasses, other (--100%)

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

Bank References:

Local Bank

Relations: Money deposits & transfers only

FINANCES

(In Million Yen)

NOT MADE AVAILABLE AS YET

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.74
UK Pound	1	Rs.72.73
Euro	1	Rs.62.73

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

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.