MIRA INFORM REPORT

 

 

Report Date :

23.07.2011

 

IDENTIFICATION DETAILS

 

Name :

SHOWA TRADING COMPANY

 

 

Registered Office :

3-28-4 Fuseyacho Izumi City Osaka-Pref 594-0031

 

 

Country :

Japan

 

 

Year of Establishment :

2009

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Export of non-ferrous metal products

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Small 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 – 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 & Address

 

SHOWA TRADING COMPANY

REGD NAME:    Showa Shokai (Sole proprietor & not registered)

MAIN OFFICE:  3-28-4 Fuseyacho Izumi City Osaka-Pref 594-0031 JAPAN

                        Tel: 0725-56-6205     Fax: 0725-56-6205

                                               

URL:                 N/A

 

 

ACTIVITIES  

 

Export of non-ferrous metal products

 

BRANCHES   

 

Nil

 

 

OFFICERS

 

AKIO TAKAKURA, PROPRIETOR                      

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    UNDETD                       A/SALES          Yen 30 M*

PAYMENTS      REGULAR                     CAPITAL           - - -

TREND             UNDETD                       WORTH            Yen 5 M

STARTED                     2009                             EMPLOYES      1

                                                            *.. Estimated figures only

 

 

COMMENT

 

SOLE PROPRIETORSHIP SPECIALIZING IN EXPORTING NONFERROUS

METAL PRODUCTS .

FINANCIAL SITUATION UNDETERMINED DUE TO THE LACK OF PROVEN

BUSINESS BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.                 

MAX CREDIT LIMIT: UNABLE TO BE ASSESSED DUE TO THE SAME REASON.

 

 

HIGHLIGHTS

           

            This is a sole proprietorship started & operated by Akio Takakura.  This is a trading firm, owned and operated by A Takakura, operating from his home address, specializing in exporting nonferrous metal products, other.  Goods are exported mainly to China and other S/E Asian countries.  The firm does not disclose detailed information on management and financials, except as outlined in this report.

 

 

FINANCIAL INFORMATION

           

            Financials are not disclosed.  No outside sources have any information on the financials.

 

The annual turnover is estimated at around Yen 30 million, as gathered from contact with the owner.  He says annual revenues are somewhere between Yen 50 million and Yen 30 million, depending on seasonal fluctuations.  The figures have, however, not been verified & not proven by the third parties.

 

Both the financials situation and business trends are not determined due to the lack of proven business records but should good for MODERATE business engagements.  Max credit limit is unable to be assessed due to the same reason.

 

 

REGISTRATION

 

Date Registered:  Not Registered

                          (Founded 2009)

Legal Status:      Sole Proprietorship

Net Worth:          Yen 5 million

 

The firm owned and operated by Akio Takakura, on his account.  The net worth is estimated at Yen 5 million, as derived from his past savings.

          

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

           

Activities: Exports nonferrous metal products (100%)

 

Clients: [Mfrs, wholesalers] Exports to China, other S/E Asian countries

No. of accounts: Unavailable

Domestic areas of activities: Centered in greater-Osaka

Suppliers: [Mfrs, wholesalers] Supplied from domestic nonferrous metal producers

 

Payment record: Regular

 

Location: Business area in Izumi City, Osaka-Pref.  Office premises at the caption address are owned by A Takakura as his private home residence and maintained satisfactorily.

 

Bank References:

Local Bank (Izumi)

Relations: Money deposits & transfers only

 

 

FINANCES

 

(In Million Yen)

 

NOT DISCLOSED AND UNAVAILABLE

 

           

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.37

UK Pound

1

Rs.72.34

Euro

1

Rs.63.87

 

 

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.