MIRA INFORM REPORT
|
Report Date : |
28.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
FOOD-NET CO LTD |
|
|
|
|
Registered Office : |
Sanyu Bldg 4F, 1-2-6 Minamihoncho Minamiku
Saitama 336-0018 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Date of Incorporation : |
September 2009 |
|
|
|
|
Com. Reg. No.: |
0302-01-008552
(Saitama-Kawagoe) |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Manufacturer of confectionery; import of foodstuffs |
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 : |
Small Company |
|
|
|
|
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
FOOD-NET CO LTD
REGD NAME
Food Net KK
MAIN OFFICE
Sanyu Bldg 4F, 1-2-6
Minamihoncho Minamiku Saitama 336-0018 JAPAN
Tel: 048-799-2805 Fax: 048-799-2806
*.. Registered at: 672-1 Shibui Kawagoe Saitama-Pref
URL: http://www.foodnet-life.com
E-Mail address: (thru the URL)
ACTIVITIES
Mfg of
confectionery; import of foodstuffs
BRANCHES
Nil
FACTORIES
At the
caption address
OFFICERS
TADASHI
AMANO, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 80 M*
PAYMENTS REGULAR CAPITAL Yen 9 M
TREND UNDETD WORTH Yen
9 M
STARTED 2009 EMPLOYES 3
*..
Estimated only and not proven as resulted
COMMENT
MFR OF CONFECTIONERY.
FINANCIAL SITUATION UNDETERMINED
DUE TO THE RECENT INCEPTION AND WITHOUT PROVEN BUSINESS BUT SHOULD BE GOOD FOR
MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: UNABLE TO BE ASSESSED DUE TO THE LACK OF
ROVEN BUSINESS RECORDS. ANY CREDITS ON
NEW TRANSACTIONS ARE RECOMMENDED ON SECURED TERMS.
HIGHLIGHTS
The subject company was established by Tadashi Amano in
order to make most of his experience in the subject line of business. This business specializes in mfg
confectionery, and importing foodstuffs.
FINANCIAL INFORMATION
Financial are not disclosed.
The sales volume for Aug/2010 fiscal term (the initial accounting term
from the inception of the firm) is believed amounted to Yen 80 million, on a
break-even profit basis. These figures
are only estimated as the firm does not disclose any of its financials.
Both the financial situation and business trends are not determined due
to the recent inception and without proven business records but should be good
for MODERATE business engagements. Max
credit limit is unable to be assessed due to the same reason. Any credits on new transactions are
recommended on secured terms.
REGISTRATION
Date Registered: Sept 2009
Regd No.: 0302-01-008552 (Saitama-Kawagoe)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
2,000 shares
Issued: 196 shares
Sum: Yen 9.8 million
Major shareholders (%): Tadashi Amano (100)
Nothing
detrimental is known as to his commercial morality.
OPERATION
Activities: Manufactures confectionery;
imports and wholesales foodstuffs (--100%)
Clients: Makers,
wholesalers, consumers, other
No. of accounts:
Unavailable
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers: Mfrs,
wholesalers, other
Payment record: Regular
Location: Business area in
Saitama. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Local
Bank (Saitama)
Relations:
Satisfactory
FINANCES
(In Million Yen)
NOT MADE AVAILABLE
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.18 |
|
UK Pound |
1 |
Rs.76.65 |
|
Euro |
1 |
Rs.66.63 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.