MIRA INFORM REPORT

Report Date :

16.04.2012

IDENTIFICATION DETAILS

Name :	RAREALCOOL LLC

Registered Office :	1-57 Nishizakicho Chigusaku Nagoya 464-0825

Country :	Japan

Date of Incorporation :	November 2008

Com. Reg. No.:	1800-03-009629 (Nagoya-Chigusaku)

Legal Form :	Limited Liability Company

Line of Business :	Import, wholesale of artisan single malt

No. of Employees :	01

RATING & COMMENTS

MIRA’s Rating :

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 :	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 – March 31^st, 2012

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Japan

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

Company name

RAREALCOOL LLC

REGD NAME

Rare Cool GK

MAIN OFFICE

1-57 Nishizakicho Chigusaku Nagoya 464-0825 JAPAN

Tel: 052-734-6500 Fax: 052-734-6500

URL: http://www.glannarmor.com

E-Mail address: ito.rare@mild.ocn.ne.jp

ACTIVITIES

Import, wholesale of artisan single malt

BRANCHES

Nil

OFFICERS

MASAYUKI ITO, PRES

Yen Amount: In million Yen, unless otherwise stated

SUMMARY

FINANCES UNDETD A/SALES Yen 30 M*

PAYMENTS Unknown CAPITAL Yen 3 M

TREND UNDETD WORTH Yen 3 M**

STARTED 2008 EMPLOYES 1

*.. Estimated figures only; **.. Expressed by the pain-in capital

COMMENT

IMPORTER OF ARTISAN SINGLE MALT.

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

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

HIGHLIGHTS

The subject company was established by Masayuki Ito in order to make most of his experience in the subject line of business. This is a trading firm for importing artisan single malt from France. Brands are: Kornog and Glann ar Mor.

FINANCIAL INFORMATION

Financial are not disclosed. The firm declined to disclose them.

The annual sales volume is estimated at Yen 30 million, on a break-even profit basis.

No further information is available.

Both the financial situation and business trends are not determined due to the lack of proven business records, which the firm does not disclose. Max credit limit is unable to be assessed due to the same reason.

REGISTRATION

Date Registered: Nov 2008

Regd No.: 1800-03-009629 (Nagoya-Chigusaku)

Legal Status: Limited Liability Company (Godo Kaisha)

Regd Capital: Yen 3 million

Major shareholders (%): Masayuki Ito, other

No. of shareholders: 3

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

OPERATION

Activities: Imports, wholesales and retails artisan single malt: Kornog, Glann ar Mor, other (--100%)

Clients: Cain stores, hotels, restaurants, consumers, other

No. of accounts: Unavailable

Domestic areas of activities: Centered in the greater-Nagoya

Suppliers: [Distillers, wholesalers] Imports from France

Payment record: Unknown

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

Bank References:

Local Bank (Nagoya)

Relations: Money deposits and transfers only

FINANCES

(In Million Yen)

NOT DISCLOSED AND UNAVAILABLE

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.42
UK Pound	1	Rs.81.93
Euro	1	Rs.67.67

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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