MIRA INFORM REPORT

 

 

Report Date :

17.04.2012

 

IDENTIFICATION DETAILS

 

Name :

MIKASA SEERVICE CO LTD

 

 

Registered Office :

Ginza Showadori Bldg 6F, 8-14-14 Ginza Chuoku Tokyo 104-0061

 

 

Country :

Japan

 

 

Date of Incorporation :

March 2004

 

 

Com. Reg. No.:

0100-01-140569 (Tokyo-Chuoku)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale, retail of vegetable powder, dried vegetables

 

 

No. of Employees :

3

 

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 :

Moderate

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 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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 and address

 

MIKASA SEERVICE CO LTD

REGD NAME:    Mikasa Service KK

MAIN OFFICE:  Ginza Showadori Bldg 6F, 8-14-14 Ginza Chuoku Tokyo 104-0061 JAPAN

Tel: 03-3544-7731     

                                               

URL:                 http://www.soaks.jp

E-Mail address: shop@soaks.jp

 

 

ACTIVITIES

 

Import, wholesale, retail of vegetable powder, dried vegetables

 

BRANCHES   

 

Nil

 

 

OFFICERS

 

MAKOTO SAEKI, PRES

Fumio Yamane, dir

Tomomichi Onori, dir                                                     

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES        UNDETD           A/SALES          Yen 80 M*

PAYMENTS      UNKNOWN       CAPITAL           Yen 50 M

TREND UNDETD           WORTH            Yen 50 M**

STARTED         2004                 EMPLOYES      3

 

*.. Sales target for the initial one year term; **.. Expressed by the paid-in capital

 

 


COMMENT

 

TRADING FIRM SPECIALIZING IN DRIED VEGETABLES & POWDER.

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 REASON

 

 

HIGHLIGHTS

           

            The subject company was established originally in 2004 and was reorganized/reactivated  by Makoto Saeki in Apr/2011.  In Jun/2011 the firm moved its registered office address to the captioned from: 2806-1 Ogorishimogou Yamaguchi City Yamaguchi-Pref.  This is a trading firm for import, wholesale and retail of vegetable powder, dried vegetable, other.  Goods are sole online, too.

 

 

FINANCIAL INFORMATION

           

            Sales for the initial one year term ending Mar 2012 were targeted at Yen 80 million. 

 

            Both the financial situation and business trends are not determined due to the recent inception/reorganization but should be good for MODERATE business engagements.  Max credit limit is unable to be assessed due to the lack of proven business records.

 

 

REGISTRATION

 

Date Registered:           Mar 2004

Regd No.:         0100-01-140569 (Tokyo-Chuoku)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:                   1,600 shares

Issued:                1,000 shares

Sum:                   Yen 50 million

Major shareholders (%): Makoto Saeki (100)

 

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

 

 

OPERATION

           

Activities: Imports, wholesales and retails (online) vegetable powder, dried vegetables: carrot, corn, broccoli, pumpkin, spinach, lemon lotus root, other (--100%)

 

Clients: Consumers, wholesalers, other

No. of accounts: Unavailable

Domestic areas of activities: Centered in greater-Tokyo

Suppliers: Mfrs, wholesalers, other

 

Payment record: Unknown

 

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

 

Bank References:

Local Bank (Ginza)

Relations: Money deposits and transfers only

 

 

FINANCES

(In Million Yen)

 

NOT YET MADE AVAILABLE

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.51.66

UK Pound

1

Rs.81.79

Euro

1

Rs.67.18

 

 

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.