MIRA INFORM REPORT
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Report Date : |
05.11.2011 |
IDENTIFICATION DETAILS
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Name : |
HAKUYO CO LTD |
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Registered Office : |
1-7-83 Nishihara Kashiwa Chiba-Pref 277-0885 |
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Country : |
Japan |
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Date of Incorporation : |
February 2010 |
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Com. Reg. No.: |
(Chiba-Kashiwa) 007817 |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesale, mfg of house shoes, hoof, hoof fitting
equipment |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Maximum Credit Limit : |
Yen 800,000.00 |
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Status : |
New Company |
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Payment
Behaviour : |
Unknown |
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Litigation : |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Japan |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name
HAKUYO CO LTD
REGD NAME
KK Hakuyo
MAIN OFFICE
1-7-83 Nishihara
Kashiwa Chiba-Pref 277-0885JAPAN
Tel: 047-157-3491 Fax: 047-157-3492
URL: N/A
ACTIVITIES
Wholesale,
mfg of house shoes, hoof, hoof fitting equipment
BRANCHES
Nil
FACTORIES
(subcontracted)
OFFICERS
EIJI KIUCHI, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 50 M*
PAYMENTS Unknown CAPITAL Yen
1 M
TREND UNDETD WORTH Yen 1 M
STARTED 2010 EMPLOYES 1
*..
Estimated only as financials undisclosed
COMMENT
TRADING
FIRM SPECIALIZING IN HORSE SHOES & HOOF.
FINANCIAL SITUATION UNDETERMINED DUE TO THE RECEPT INCEPTION
AND WITHOUT PROVEN BUSINESS BUT SHOULD BE GOOD FOR MODERATE BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 800,000.00, 30 DAYS, RECOMMENDING SECURED TERMS ON ANY & ALL CREDIT ENGAGEMENTS
HIGHLIGHTS
The subject company was established by Eiji Kiuchi in order to make most of his experience in the subject line of business. This is a trading firm, owned by E Kiuchi and operating from his home address, specializing in wholesaling horse shoes, hoofs, hoof fixing equipment and the related products. Mfg is consigned to domestic factories. The firm does not report full management & financial information and the contents of this report is mainly based on Registration Certificate.
FINANCIAL INFORMATION
Financial are not disclosed as is the case with family-based companies.
The sales volume for the initial accounting term ending Jan 2011 is estimated amounted to Yen 50 million, on a break-even profit basis. The figures, however, are only estimated and not verified with proven business records.
The financial situation is UNDETERMINED due to the recent inception and without proven business records but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 800,000.00 million, on 30 days, on basis of the estimated sales amount. We recommend secured terms on any and all credit engagements.
REGISTRATION
Date Registered: Feb 2010
Regd No.: (Chiba-Kashiwa) 007817
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
80 shares
Issued:
20 shares
Sum: Yen 1 million
Major shareholders (%): Eiji Kiuchi (100)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Wholesales and manufactures (outsourced) horse shoes, hoofs, hoof fixing equipment, other (--100%)
Clients: Horse owners, ranches, horse race association, other
No. of accounts: 100
Domestic areas of activities: Centered in greater-Tokyo
Location: Business area in Kashiwa City, Chiba-Pref. Office premises at the caption address are owned by E Kiuchi as his private residence and maintained satisfactorily.
Bank References:
Local Bank (Kashiwa)
Relations: Money deposits and transfers only
FINANCES
(In
Million Yen)
NOT MADE AVAILABLE.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.08 |
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UK Pound |
1 |
Rs.78.65 |
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Euro |
1 |
Rs.67.79 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.