MIRA INFORM REPORT

Report Date :

24.10.2011

IDENTIFICATION DETAILS

Name :	WINE ORIENTED CO LTD

Registered Office :	1-3-7 Bell Kanen, 702 Azabujuban Minatoku Tokyo

Country :	Japan

Year of Establishment:	July 2008

Legal Form :	Limited Company

Line of Business :	Import, wholesale, retail of wines from France & Italy

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	Yen 3.5 Million

Status :	Moderate

Payment Behaviour :	Regular

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

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company name and address

WINE ORIENTED CO LTD

REGD NAME: KK Wine Oriented

MAIN OFFICE: 1-3-7 Bell Kanen, 702 Azabujuban Minatoku Tokyo JAPAN

Tel: 03-6277-8862 Fax: 03-3224-0586

URL: http://www.wine-oriented.jp

E-Mail address: info@wine-oriented.jp

ACTIVITIES

Import, wholesale, retail of wines from France & Italy

BRANCHES

Nil

OFFICERS

Yoshimitsu Eguchi, ch YUJI Koyama, pres

Tatsuya Igaki, dir Kunihiko Nomura, dir

Yen Amount: In million Yen, unless otherwise stated

SUMMARY

FINANCES FAIR A/SALES Yen 200 M*

PAYMENTS REGULAR CAPITAL Yen 23 M

TREND SLOW WORTH Yen 50 M*

STARTED 2000 EMPLOYES 5

*.. Only estimated as the firm does not disclose full financials

COMMENT

WINE IMPORTER.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

MAX CREDIT LIMIT: YEN 3.5 MILLION, 30 DAYS NORMAL TERMS

HIGHLIGHTS

The subject company was established by Yuji Koyama in order to make most of his experience in the subject line of business. Yoshimitsu was elected as ch at the August board meeting. This is a trading specializing in import and wholesale of wines.

FINANCIAL INFORMATION

Financial are not disclosed.

The sales volume for Jul/2011 fiscal term is estimated amounted to Yen 200 million, a similar amount in the previous term. The net profit was posted at Yen 10 million, similarly in the previous term.

The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 3.5 million, based on the estimated amount, on 30 days normal terms.

REGISTRATION

Date Registered: Jul 2008

Legal Status: Limited Company (Kabushiki Kaisha)

Authorized: 1,120 shares

Issued: 460 shares

Sum: Yen 23 million

Major shareholders (%): Yuji Koyama, other

No. of shareholders: 5

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

OPERATION

Activities: Imports wholesales and retails wines from Italy, France (--100%).

Clients: Consumers, wine shop, other

No. of accounts: Unavailable

Domestic areas of activities: Centered in greater-Tokyo

Suppliers: [Wineries] Imports from France and Italy

Payment record: Regular

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

Bank References:

SMBC (Kawasaki)

Relations: Satisfactory

FINANCES

(In Million Yen)

Financials are not disclosed

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.50.06
UK Pound	1	Rs.79.15
Euro	1	Rs.69.03

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.