MIRA INFORM REPORT

 

 

Report Date :           

08.07.2011

 

IDENTIFICATION DETAILS

 

Name :

A WAYS INC

 

 

Registered Office :

General Bldg Ebisu East 3F, 1-6-3 Ebisu Shibuyaku Tokyo 150-0013

 

 

Country :

Japan

 

 

Financials (as on) :

31.08.2010

 

 

Date of Incorporation :

September  2005

 

 

Com. Reg. No.:

(Tokyo-Shibuya) 053907

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of health foods, beauty-care equipment, goods

 

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 11.8 Million

 

 

Status :

Moderate

 

 

Payment Behaviour :

Usually Correct

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Japan

a1

a1–

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

Company name

 

A WAYS INC

 

 

REGD NAMe 

 

A Ways KK

 

 

MAIN OFFICE

 

General Bldg Ebisu East 3F, 1-6-3 Ebisu Shibuyaku Tokyo 150-0013 JAPAN

Tel: 03-5423-7520     Fax: 03-5423-2861

                                               

URL:                             http://www.a-ways.jp

E-Mail address:                        info@a-ways.jp

 

 

ACTIVITIES  

 

Import, wholesale of health foods, beauty-care equipment, goods

 

 

BRANCHES   

 

Nil

 

 

OFFICERS

 

RIE NAKAZAWA, PRES                       

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    R/WEAK                       A/SALES          Yen 800 M

PAYMENTS                  REGULAR                     CAPITAL           Yen 10 M

TREND             SLOW                          WORTH            Yen 45 M

STARTED                     2005                             EMPLOYES      5

COMMENT    

 

TRADING FIRM SPECIALIZING IN HEALTH FOODS & BEAUTY-CARE GOODS & EQUIPMENT.

 

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

                       

MAX CREDIT LIMIT: YEN 11.8 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Rie Nakazawa in order to make most of her experience in the subject line of business.  This is a trading firm specializing in import and wholesale of health foods, beauty-care equipment & goods, other.  Clients include pharmaceutical makers, beauty-care clinics, other.

 

 

FINANCIAL INFORMATION

           

Financials are only partially disclosed and in rounded-off numbers.

 

The sales volume for Aug/2010 fiscal term amounted to Yen 800 million, a similar amount in the previous term.  The net profit is not disclosed and we estimated at Yen 10 million net profit, a similar amount in the last term.  The firm declined to give detailed financials, saying this is a family-based company and not publicly traded.

 

For the current term ending Aug 2011 the net profit is projected at Yen 10 million, on a similar turnover, at Yen 800 million.  Health foods are on the rise, says the firm. 

 

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.  Max credit limit is estimated at Yen 11.8 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Sept 2005

Regd No.:         (Tokyo-Shibuya) 053907

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800 shares

Issued:                200 shares

Sum:                   Yen 10 million

Major shareholders (%): Rie Nakazawa (100)

 

Nothing detrimental is known as to her commercial morality.

 

 

OPERATION

           

Activities: Imports and wholesales health foods, pharmaceutical intermediates, beauty-care equipment & goods, other (--100%)

 

Clients: Beauty care parlors, pharmaceutical makers, food processors, hospitals, other

            No. of accounts: 100

            Domestic areas of activities: Centered in greater-Tokyo

 

Suppliers: [Mfrs, wholesalers] Goods are imported

 

Payment record: Regular

 

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

 

Bank References:

Mizuho Bank (Toranomon)

Relations: Satisfactory

 

 

FINANCES

 (In Million Yen)

 

Terms Ending:

　

31/08/2011

31/08/2010

31/08/2009

31/08/2008

Annual Sales

　

800

800

800

800

Recur. Profit

　

　

　

　

　

Net Profit

　

10

10

10

10

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

45

35

25

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

0.00

0.00

0.00

14.29

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

1.25

1.25

1.25

1.25

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/08/2011 fiscal term.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.42

UK Pound

1

Rs.70.95

Euro

1

Rs.63.63

 

 

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.