MIRA INFORM REPORT

 

 

Report Date :

14.10.2011

 

IDENTIFICATION DETAILS

 

Name :

ASAHI AIR CONDITIONER (SOLR PROPRIETORSHIP)

 

 

Registered Office :

1-8-8 Sakaecho Fuchu Tokyo-Metrop 183-0051

 

 

Country :

Japan

 

 

Year of Establishment :

1972

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Engineering works of air conditioners, gas heaters, floor heating facilities

 

 

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 – September 30, 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 and address

 

ASAHI AIR CONDITIONER (SOLR PROPRIETORSHIP)

REGD NAME:    Asahi Kuutyou (Sole proprietorship and not registered)

MAIN OFFICE:  1-8-8 Sakaecho Fuchu Tokyo-Metrop 183-0051 JAPAN

                        Tel: 042-365-6686      Fax: 042-365-6688

                                               

URL:                 http://www.members.jcom.home.ne.jp/asahikuutyou

E-Mail address: qquk4up99@siren.ocn.ne.jp

 

 

ACTIVITIES

 

Engineering works of air conditioners, gas heaters, floor heating facilities

 

BRANCHES   

 

Nil

 

 

OFFICERS

 

SHUUICHI YOSHINO, PROPRIETOR                 

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES        UNDETD                       A/SALES          Yen 200 M*

PAYMENTS      UNKNOWN                   CAPITAL           - - -

TREND             UNDETD                       WORTH            Yen 10 M

STARTED         1972                             EMPLOYES      1

                        *.. Estimated figures only

 

 

COMMENT    

 

ENGINEERING WORKS OF AIR CONDITIONERS, GAS HEATERS, OTHER.

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.  RECOMMEND SECURED TERMS ON NEW CREDITS AND TRANSACTIONS

 

 

HIGHLIGHTS

           

            This is a sole proprietorship started by Shuuichi Yoshino, specializing in engineering works for air conditioners, gas heaters, floor heating, others, acting as appointed dealership from Toshiba Corp, Noritz Corp and Rinnai Corp (See REGISTRATION). 

 

 

FINANCIAL INFORMATION

           

            Financial are not disclosed.  Owner declined to divulge any such information.

 

The sales volume for Dec/2010 fiscal term is estimated amounted to Yen 200 million, a 10% down from the previous term.  The figure is only estimated and not verified or proven from the third parties.  Owner is adamant not to disclose any of them. 

 

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 is unable to be assessed due to the lack of proven business records.  We recommend secured terms on new credits and/or transactions.

 

 

REGISTRATION

 

Date Registered:  Not registered

(Founded 1972)

Legal Status:      Sole Proprietorship

 

This is a sole proprietorship owned and operated by Shuuichi Yoshino.  The net worth is estimated at Yen 10 million, which derived from his past savings.

 

Nothing detrimental is known as to his commercial morality.

 

*.. Toshiba Corp, one of largest comprehensive electrical machinery Mfr, Tokyo;

Noritz Corp, leading specialized mfr of gas bath heaters & water heaters, Kobe:

Rinnai Corp, largest mfr of gas appliances, Nagoya

 

 

OPERATION

           

Activities: Engineering works of air conditioners, gas water heaters, floor heating systems, offering such services as set-up (piping works), maintenance, repairing, other, as appointed agent dealer from Toshiba Corp, Noritz Corp and Rinnai Corp (--100%)

 

Clients: Consumers, business firms, factories, other.

No. of accounts: Unavailable

Domestic areas of activities: Centered in greater-Tokyo

Suppliers: [Mfrs] Toshiba Corp, Rinnai Corp and Noritz Corp.

 

Location: Business area in Fuchu City, Tokyo-Metrop.  Office premises at the caption address are owned privately by S Yoshino as his home residence and maintained satisfactorily.

 

Bank References:

Dai-Tokyo Shinkin Bank (Fuchu)

Resona Bank (Fuchu)

Relations: Money deposits and transfers only

 

 

FINANCES

(In Million Yen)

 

NOT MADE AVAILABLE

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.02

UK Pound

1

Rs.77.13

Euro

1

Rs.67.55

 

 

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.