MIRA INFORM REPORT

 

 

Report Date :           

14.10.2011

 

IDENTIFICATION DETAILS

 

Name :

J-ONE INC

 

 

Registered Office :

2-18-12 Aioi Kofu 400-0858

 

 

Country :

Japan

 

 

Date of Incorporation :

September 2010

 

 

Com. Reg. No.:

0900-01-007448 (Yamanashi-Kofu)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, Export, Wholesale of jewelry, 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 – 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

 

J-ONE INC

 

 

REGD NAME

 

J-One Kanko KK

 

 

MAIN OFFICE

 

2-18-12 Aioi Kofu 400-0858 JAPAN

Tel: 055-233-0131      Fax: 055-237-4539

                       

URL:                 N/A

 

 

ACTIVITIES  

 

Import, export, wholesale of jewelry, accessories

 

 

BRANCHES   

 

Nil

 

 

OFFICERS

 

TATSUMI SHIMADA, PRES                   

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    UNDETD                       A/SALES          Yen 100 M*

PAYMENTS                  Unknown                   CAPITAL           Yen 1 M

TREND             UNDETD                       WORTH            Yen 1 M

STARTED                     2010                             EMPLOYES      3

                                                            *.. Target figures for the initial one year term

 

COMMENT    

 

TRADING FIRM SPECIALIZING IN JEWELRY & ACCESSORIES.

 

FINANCIAL SITUATION UNDETERMINED DUE TO THE RECET INCEPTION BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN UNABLE TO BE ASSESSED DUE TO THE RECENT INCEPTION AND WITHOUT PROVEN BUSINESS AS YET

 

 

HIGHLIGHTS

           

The subject company was established by Shimada Jewelry Inc, at the caption address (See REGISTRATION).as a trading division for import, export and wholesale of jewelry and accessories.  Tatsumi Shimada is concurrently mgn dir at the parent.  Imported goods are wholly supplied to the parent.

 

 

FINANCIAL INFORMATION

           

The sales volume for the initial one year term is targeted at Yen 100 million.

 

Both the financial situation and business trends are not determined due to the inception but should be good for MODERATE business engagements.  Max credit limit is unable to be assessed due to the same reason.

 

 

REGISTRATION

 

Date Registered:  Sept 2010

Regd No.:                     0900-01-007448 (Yamanashi-Kofu)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         1,000 shares

Issued:             100 shares

Sum:                   Yen 1 million

 

Major shareholders (%): Shimada Jewelry Inc* (100)

 

*.. Wholesaler of jewelry, at the caption address, founded 1953, sales Yen 550 million, employees 20, pres Masakazu Shimada

           

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

 

OPERATION

           

Activities: Imports, exports and wholesales jewelry, accessories, others (--100%)

 

Clients: [Wholesaler] Shimada Jewelry Inc

            No. of accounts: 1

            Domestic areas of activities: Centered in Kofu, Yamanashi-Pref

 

Suppliers: [Mfrs, wholesalers] Goods are imported

 

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

 

Bank References:

·         Yamanashi Chuo Bank (H/O)

·         Mizuho Bank (Kofu)

      Relations: Money deposits and transfers only

           

 

FINANCES

(In Million Yen)

 

Not Made Available As Yet

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.02

UK Pound

1

Rs.77.13

Euro

1

Rs.67.56

 

 

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.