MIRA INFORM REPORT

 

 

 

Report Date :           

12.07.2011

 

 

IDENTIFICATION DETAILS

 

Name :

OLD FLORENCE JAPAN CO LTD.

 

 

Registered Office :

4-2-1 Minamiaoyama Minatoku Tokyo 107-0062

 

 

Country :

Japan

 

 

Date of Incorporation :

September  2002

 

 

Com. Reg. No.:

4100-01-002836 (Tokyo-Minatoku)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Imports and wholesales jewelry, precious metals, watches, antiques

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Closed Down

 

 

Payment Behaviour :

----

 

 

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

 

Company name

 

OLD FLORENCE JAPAN CO LTD

 

 

REGD NAME 

 

Old Florence Japan KK

 

 

MAIN OFFICE

 

4-2-1 Minamiaoyama Minatoku Tokyo 107-0062 JAPAN

Tel: Unavailable     Fax: Unavailable

 

                                               

FINDINGS

 

The firm was established in Sept 2002 by Kazuhisa Ono in Akita City as a Japan branch office of Old Florence s.r.l, Italy for importing jewelry, watches, other accessories.  In Oct 2006, moved the registered/headquarters to the captioned.  And in Nov 2006, closed the company.  This information is based on the Registration Certificate.  Financials are not disclosed.  Representative executives at the time of the closure were: Kazuhisa Ono and Masahiro Satoh, jointly represented.  The reasons of the closure are not clarified.  No other information is available from any of the date bases of credit firms.

 

 

REGISTRATION

 

Date Registered:  Sept 2002

Regd No.:           4100-01-002836 (Tokyo-Minatoku)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800 shares

Issued:                200 shares

Sum:                   Yen 10 million

 

Major shareholders (%): Kazuhisa Ono, Masahiro Satoh (--100)

 

No. of shareholders: 2

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

           

Activities: Imports and wholesales jewelry, precious metals, watches, antiques, other (--100%)

 

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

 

 

FINANCES

(In Million Yen)

 

UNAVAILABLE

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.37

UK Pound

1

Rs.70.84

Euro

1

Rs.62.96

 

 

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.