MIRA INFORM REPORT

Report Date :

02.06.2011

IDENTIFICATION DETAILS

Name :	AFC LIMITED

Registered Office :	8-19-12 Fukushima Fukushimaku Osaka 553-0003

Country :	Japan

Date of Incorporation :	January 2009

Com. Reg. No.:	(Osaka-Fukushimaku) 139312

Legal Form :	Limited Company

Line of Business :	Mfg of electronic equipment & parts

RATING & COMMENTS

MIRA’s Rating :

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 :	Moderate

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 31^st, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Japan

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company name

Bottom of Form

AFC LIMITED

REGD NAME

KK AFC

MAIN OFFICE

8-19-12 Fukushima Fukushimaku Osaka 553-0003

Tel: Unavailable

URL: N/A

ACTIVITIES

Mfg of electronic equipment & parts

BRANCHES

Nil

FACTORIES

(subcontracted)

OFFICERS

TADAICHIRO YAMADA, PRES

Yen Amount: In million Yen, unless otherwise stated

SUMMARY

FINANCES UNDETD A/SALES Yen 30 M*

PAYMENTS Unknown CAPITAL Yen 3 M

TREND UNDETD WORTH Yen 3 M

STARTED 2009 EMPLOYES 5

*.. Only estimated

COMMENT

MFR OF ELECTGRFIC EUIPMENT & PARTS.

FINANCIAL SITUATION UNDECIDED DUE TO THE LACK OF PROVEN BUISNES RECORDSBUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS

MAX CREDIT LIMIT: UNABLE TO BE ASSSSSED DUE TO THE PROVEN BUSSINESS

HIGHLIGHTS

The subject company was established by Tadaichiro Yamada in order to make most of his experience in the subject line of business. This is a trading firm, with mfg division, for import and export of electric equipment and parts. Information is limited and the contents of this report are basically cited from The Registration Certificate.

FINANCIAL INFORMATION

Financials are not disclosed

Both the financial situation and business trends are not determined due the recent inception and without proven business records. Max credit limit is unable to be assesses due the the same reason.

REGISTRATION

Date Registered: Jan 2009

Regd No.: (Osaka-Fukushimaku) 139312

Legal Status: Limited Company (Kabushiki Kaisha)

Authorized: 250 shares

Issued: 63 shares

Sum: Yen 3.15 million

Major shareholders (%): Tadaichiro Yamada (100)

Nothing detrimental is known as to his commercial morality.

OPERATION

Activities: Manufactures, imports and exports electric equipment & parts (--100%).

Clients: [Mfrs, wholesalers] Names not disclosed

No. of accounts: Unavailable

Domestic areas of activities: Centered in greater-Osaka

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

Bank References:

Local Bank (Osaka)

Relations: Money deposits & transfers only

FINANCES

(In Million Yen)

Not Made Available.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.89
UK Pound	1	Rs.73.85
Euro	1	Rs.64.76

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.