MIRA INFORM REPORT

 

 

Report Date :           

09.09.2011

 

IDENTIFICATION DETAILS

 

Name :

CATERPILLAR USED EQUIPMENT SERVICES INC

 

 

Registered Office :

4-10-1 Yoga Setagayaku Tokyo 158-0097

 

 

Country :

Japan

 

 

Date of Incorporation :

August 1995

 

 

Com. Reg. No.:

0109-03-000854

 

 

Legal Form :

Foreign Company

 

 

Line of Business :

Import, Export, Wholesale of used construction machinery

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Undetermined

 

 

Payment Behaviour :

Usually Correct 

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

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

 Bottom of Form

 

 

CATERPILLAR USED EQUIPMENT SERVICES INC

 

 

REGD NAME 

 

Caterpillar Used Equipment Services Inc (Japan Branch Office)

 

 

MAIN OFFICE

 

4-10-1 Yoga Setagayaku Tokyo 158-0097 JAPAN

Tel: 03-5797-4557      Fax: 03-5797-4555

 

URL:                 Nil

 

 

ACTIVITIES  

 

Import, export, wholesale of used construction machinery

 

 

BRANCHES   

 

Nil

 

 

OFFICERS

 

MASAHIDE FURUTA, REP DIR             

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES        UNDETD                       A/SALES          NOT DISCLOSED

PAYMENTS      REGULAR                     CAPITAL           US$1.00

TREND             UNDETD                       WORTH            UNAVAILABLE

STARTED         1995                             EMPLOYES      5

 

COMMENT    

 

TRADING FIRM SPECIALIZING IN USED CONSTRUCTION MACHINERY, JAPAN BRANCH OF CATERPILLAR USED EQUIPMENT SERVICES INC, USA.

 

FINANCIAL SITUATION UNDETERMINED DUE TO THE LACK OF PROVEN BUSINESS BUT SHOULD BE GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

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

 

 

HIGHLIGHTS

           

The subject company was established as a Japan Branch Office by Caterpillar Used Equipment Services Inc, USA.  This is a trading firm specializing in import, export and wholesale of used construction machinery: hydraulic excavators, power shovels, wheel loaders, bulldozers, dump trucks, other.  Goods are supplied from Caterpillar Japan KK, mfr of construction machinery at the caption address (See REGISTRATION).  Clients are Caterpillar group firms worldwide.

 

 

FINANCIAL INFORMATION

           

Financial are consolidated by the US parent and not disclosed.  We contacted the firm but declined to disclose financials.

 

Both the financial situation and business trends are not determined due to the lack of proven business records but should be good for ORDINARY business engagements.  Max credit limit is unable to be assessed due to the same reason.

 

 

REGISTRATION

 

Date Registered:  Aug 1995

Regd No.:           0109-03-000854 (Tokyo-Setagayaku)

Legal Status:      Foreign Company Branch Office

Authorized:         100 shares

Issued:              1 share

Sum:                   US$1.00

 

Major shareholders (%): Caterpillar Used Equipment Services Inc, USA (100)

 

*.. Caterpillar Japan KK, mfr of construction machinery/equipment at the caption address,

founded 1963, capital Yen 23,100 million, sales Yen 109,513 million, recurring loss Yen 32,544 million, net loss Yen 46,013 million, employees 2,692, pres Noriyuki Takeuchi

           

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

 

 

OPERATION

           

Activities: Imports, exports and wholesales used construction machinery & equipment: hydraulic excavators, power shovels, wheel loaders, bulldozers, dump trucks, tractor shovels, motor grader, asphalt finisher, landfill compactor, soil compactor, skidder, other (--100%)

 

Clients: [Mfrs, wholesalers] Caterpillar & group companies

            No. of accounts: Unavailable

            Domestic areas of activities: Nationwide

Suppliers: [Mfr] Supplied wholly from Caterpillar Japan KK.

 

Payment record: Regular

 

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

 

Bank References:

·         MUFG (H/O)

·         City Bank (H/O)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

NOT DISCLOSED

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.46.18

UK Pound

1

Rs.73.65

Euro

1

Rs.64.95

 

 

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.