MIRA INFORM REPORT

 

 

Report Date :           

25.05.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

MJQ INC

 

 

Registered Office :

Nagoya Shoko Kaikan 2F, 4-3-6 Ginza Chuoku Tokyo 104-0061

 

 

Country :

Japan

 

 

Date of Incorporation :

October 2000

 

 

Com. Reg. No.:

0105-02-022657 (Tokyo-Taitoku)

0210-02-012666 (Yokohama-Chigasaki)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of men’s clothing & accessories

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Status :

New 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

 

 Bottom of Form

MJQ INC

 

 

REGD NAME

 

YK MJQ

 

 

MAIN OFFICE

 

Nagoya Shoko Kaikan 2F, 4-3-6 Ginza Chuoku Tokyo 104-0061

Tel: 03-3538-0393

 

*.. Registered at/ 1-3-1 Higashi-Asakusa Taitoku Tokyo

                                               

URL:                 N/A

 

 

ACTIVITIES  

 

Import, wholesale of men’s clothing & accessories

 

 

BRANCHES   

 

Nil

 

 

OFFICERS

 

HIROYUKI TAKAMATSU, PRES            

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    UNDETD                       A/SALES          Yen 100 M*

PAYMENTS                  Unknown                   CAPITAL           Yen 3 M

TREND             UNDETD                       WORTH            Yen 3 M**

STARTED                     2010                             EMPLOYES      3

                                    *.. Only estimated

                                    *.. Expressed by the paid in capital

 

 

COMMENT    

 

TRADING FIRM SPECIALIZING IN MEN’S CLOTHING AND ACCESSORIES.

 

FINANCIAL SITUATION UNDETERMINED DUE TO THE LACK OF PROVEN BUSINESS AND UNABLE TO ASSESS THE PROPOSED CREDIT ENGAGEMENTS.

                       

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

 

 

HIGHLIGHTS

           

The subject company was established originally in 2000 by Hiroyuki Takamatsu at Chigasaki Yokohama-Pref.  In Aug 2010, the firm moved the registered/head office to Tokyo and restarted anew the business.  The operation office is located in Ginza Tokyo, as captioned.  This is a trading firm specializing in import and wholesale (also online retails) of men’s clothing & accessories.  The firm declined to divulge any information including financials and the information herein is cited from the Registration Certificate specifically obtained (in two parts: one from Yokohama Registration Office and one from Tokyo Registration Office).

 

 

FINANCIAL INFORMATION

           

Financials are not disclosed.  It is only estimated as gathered from the peer traders that the annual turnover is around Yen 100 million, but this has not been verified.

           

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

 

 

REGISTRATION

 

Date Registered:  Oct 2000

Regd No.:         0105-02-022657 (Tokyo-Taitoku)

0210-02-012666 (Yokohama-Chigasaki)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         60 shares

Issued:                60 shares

Sum:                   Yen 3 million

Major shareholders (%): Hiroyuki Takamatsu (100)

 

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

 

 

OPERATION

           

Activities: Imports and wholesales (including online sales) men’s clothing & accessories (--100%)

 

Clients: Consumers, specialty stores, other

            No. of accounts: Unavailable

            Domestic areas of activities: Centered in greater-Tokyo

 

Suppliers: [Mfrs, wholesalers] Goods are imported.

 

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

 

Bank References:

Local Bank (Undisclosed)

Relations: Money deposits and transfers only

 

 

FINANCES

(In Million Yen)

 

NOT MADE AVAILABLE

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.25

UK Pound

1

Rs.72.82

Euro

1

Rs.63.58

 

 

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.