MIRA INFORM REPORT

 

 

Report Date :           

16.11.2011

 

IDENTIFICATION DETAILS

 

Name :

MASS GROUP CO LTD

 

 

Registered Office :

3-207, 5-3 Hagiyamacho Higashimurayama Tokyo-Pref 189-0012

 

 

Country :

Japan

 

 

Date of Incorporation :

August 2011

 

 

Com. Reg. No.:

0127-01-011150 (Tokyo-Higashimurayama)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of fish, fishery products, cut flowers

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

New Business

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

MASS GROUP CO LTD

 

 

REGD NAME 

 

Mass Group KK

 

 

MAIN OFFICE

 

3-207, 5-3 Hagiyamacho Higashimurayama Tokyo-Pref 189-0012 JAPAN

Tel: 042-308-0309      Fax: 042-308-0309

                                               

URL:                             http://www.mass-group.co.jp (under construction)

E-Mail address:            Mahesh@mass-group.co.jp

 

 

ACTIVITIES  

 

Import, wholesale of fish, fishery products, cut flowers, other

 

 

BRANCHES

 

Shinjuku (Tokyo)

 

 

OFFICERS

 

MAHESH DASSANAYAKE, PRES (Sri Lankan resident)             

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES                    UNDETD                       A/SALES          Yen 100 M*

PAYMENTS                  Unknown                   CAPITAL           Yen 2 M

TREND             UNDETD                       WORTH            Yen 2 M

STARTED                     2011                             EMPLOYES      5

                                                                        *.. Target figures for the initial one year

COMMENT    

 

IMPORTER OF FISH, CUT FLOWERS, OTHER.

 

FINANCIAL SITUATION UNDETERMINED DUE TO THE RECENT INCEPTION AND WITHOUT PROVEN BUSINESS BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS..

                       

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

 

 

HIGHLIGHTS

 

The subject company was established by Mahesh Dassanayake, a Sri Lankan resident, in order to make most of his experience in the subject line of business.  This is a trading firm for import and wholesale of fish, fishery products, cut flowers, apparel, other.  Being a newly established company, information is limited and we have talked to the president and obtained information contained herein.  No information is available from outside sources.

 

 

FINANCIAL INFORMATION

 

The sales volume for one year is targeted at Yen 100 million, according to M Dassanayake.

 

Both the financial situation and business trends are not determined due to the recent inception and without proven business records but should be good for MODERATE business engagements.  Max credit limit is unable to be assessed due to the same reason.

 

 

REGISTRATION

 

Date Registered:  Aug 2011

Regd No.:         0127-01-011150 (Tokyo-Higashimurayama)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         400 shares

Issued:                40 shares

Sum:                   Yen 2 million

Major shareholders (%): Mahesh Dassanayake (100)

 

Nothing detrimental is known as to his commercial morality.

 

 

 

 

 

 

 

 

OPERATION

           

Activities: Imports and wholesales fish, fishery products, cut flowers, apparel, other (--100%)

 

Clients: Fish markets, fish shops, other

            No. of accounts: Unavailable

            Domestic areas of activities: Centered in greater-Tokyo

 

Suppliers: [Mfrs, wholesalers] Goods are imported

 

Location: Business area in Higashimurayama, Tokyo-Metrop.  Office premises at the caption address are owned by R Dassanayake as his private residence and maintained satisfactorily.

 

Bank References:

Local Bank (Tokyo)

Relations: Money deposits & transfers only

 

 

FINANCES

(In Million Yen)

 

NOT YET MADE AVAILABLE

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.56

UK Pound

1

Rs.80.30

Euro

1

Rs.68.79

 

 

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.