MIRA INFORM REPORT

 

 

Report Date :

26.09.2011

 

IDENTIFICATION DETAILS

 

Name :

ONTO SHIPPING INTERNATIONAL INC

 

 

Registered Office :

No.2 Yoshimoto Bldg 7-B, 2-8 Kaigandori Nakaku Yokohama 231-0002

 

 

Country :

Japan

 

 

Year of Establishment :

April  2001

 

 

Com. Reg. No.:

0200-01-038413 (Yokohama-Nakaku) (Closed on 26/01/2011)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Ship agency owned by Onto Shipping (China)

 

 

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 :

Liquidated

 

 

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 – 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 address

 

ONTO SHIPPING INTERNATIONAL INC

REGD NAME:    Antsu Kokusai KK

MAIN OFFICE:  No.2 Yoshimoto Bldg 7-B, 2-8 Kaigandori Nakaku Yokohama 231-0002JAPAN

                        Tel: 045-212-5708     Fax: 045-671-0038

 

URL:                 http:www.onto.cn

E-Mail address:  webmaster@onto.cn

 

 

ACTIVITIES

 

Ship agency owned by Onto Shipping (China)

 

BRANCHES   

 

Tokyo, Yokohama, Nagoya, Kobe, Osaka, Moji, Hakata (--Container Yards)

 

 

OFFICER(S)

 

BUNPO HARA, PRES

 

                       

FINDINGS

 

The firm liquidated and closed the office on 26/01/2011.  Mr. Akira Igarashi was appointed as liquidator.  Liabilities at the time of liquidation are not disclosed.  Liquidation procedure was completed on 21/04/2011 and registered as such.

 

 

REGISTRATION

 

Date Registered:   Apr 2001

Regd No.:          0200-01-038413 (Yokohama-Nakaku) (Closed on 26/01/2011)

Legal Status:       Limited Company (Kabushiki Kaisha)

Authorized:          200 shares

Issued:                 200 shares

Sum:                    Yen 10 million

Major shareholders (%): Onto Shipping, China (100)

 

Bank References:

Bank of Yokohama (Kannai)

                       


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.49.67

UK Pound

1

Rs.76.50

Euro

1

Rs.66.98

 

 

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.