MIRA INFORM REPORT
|
Report Date : |
29.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
DAITO TRADE CORPORATION |
|
|
|
|
Registered Office : |
Daito Bldg 3F, 2-3-14 Saiwaicho Naniwaku
Osaka 556-0021 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Date of Incorporation : |
December 1978 |
|
|
|
|
Com. Reg. No.: |
1200-01-038753
(Osaka-Naniwaku) |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Exporter of working tools,
machine tools |
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 : |
Undetermined |
|
|
|
|
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
DAITO TRADE CORPORATION
REGD NAME
Daito Bussan KK
MAIN OFFICE
Daito Bldg 3F, 2-3-14
Saiwaicho Naniwaku Osaka 556-0021 JAPAN
Tel:
06-6568-6855 Fax: 06-6568-6855
URL: N/A
ACTIVITIES
Export
of working tools, machine tools
BRANCHES
Nil
OFFICERS
SHIGEHIRO
KISHIMOTO, PRES
Yen
Amount: In million Yen, unless otherwise
stated
SUMMARY
FINANCES UNDETD A/SALES Yen 500 M*
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND UNDETD WORTH Yen
- - - M
STARTED 1978 EMPLOYES 5
*..
Estimated figures only & not verified
COMMENT
TRADING FIRM FOR EXPORT OF WORKING TOOLS.
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 LACK OF
PROVEN BUSINESS RECORDS. ANY CREDITS ON
NEW TRANSACTIONS ARE RECOMMENDED WITH SECURED TERMS.
HIGHLIGHTS
The subject company was established by Shigehiro Kishimoto in order to
make most of his experience in the subject line of business. This is a trading firm specializing in
exporting working tools, machine tools, other
Goods are exported to China, S/E Asia, Mid/Near East, Taiwan, Hong Kong,
India, Malaysia, Pakistan, other. The
firm does not disclose any of its financials and managerial information and the
contents of this report are primarily based on the Registration Certificate.
FINANCIAL INFORMATION
Financials are not disclosed. The
only figures obtained are for Dec/2004 term when the firm reported sales at Yen
930 million. Even since, the firm
declined to give any financial figures. The
most probable figures for Dec/2010 term are around Yen 500 million, which third
parties agree, but they are not verified by any proven business records.
Both the financial situation and business records are not determined due
to the lack of proven business records but should be good for MODERATE business
engagements. Max credit limit is unable
to be assessed due to the same reason.
Any credits on new transactions are recommended with secured terms.
REGISTRATION
Date Registered: Dec 1978
Regd No.: 1200-01-038753 (Osaka-Naniwaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
24,000 shares
Issued: 20,000 shares
Sum: Yen 10 million
Major shareholders (%): Shigehiro Kishimoto (100)
Nothing
detrimental is known as to his commercial morality.
OPERATION
Activities: Exports working tools, machine tools, others (--100%).
Clients: [Mfrs,
wholesalers] Exports to: S/E Asia, Mid/Near East, China, Taiwan, Hong Kong,
Indi, Malaysia, Pakistan, other
No. of accounts:
Unavailable
Domestic areas of
activities: Centered in greater-Osaka
Suppliers: [Mfrs,
wholesalers] Fuji Electric Co, Okaya & Co, Hoei Kinzoku Kogyo, Hakuyo
Sangyo Co, Kusano Co, other
Payment record: Regular
Location: Business area in
Osaka. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
MUFG
(Namba)
Saikyo
Bank (Uebu-1chome)
Relations:
Money deposits & transfers only
FINANCES
(In Million Yen)
NOT DISCLOSED & UNAVAILABLE
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.13 |
|
UK Pound |
1 |
Rs.72.05 |
|
Euro |
1 |
Rs.63.33 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.