MIRA INFORM REPORT
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Report Date : |
20.04.2012 |
IDENTIFICATION DETAILS
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Name : |
FEDERAL MOGUL |
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Registered Office : |
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Country : |
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Date of Incorporation : |
July
1997 |
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Com. Reg. No.: |
0200-01-032695
(Yokohama-Kohokuku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale
of automotive-related components; coated electric wire |
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No. of Employees
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145 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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Japan |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
FEDERAL MOGUL JAPAN KK
Federal Mogul
Japan KK
New City Arena
Tower 15F, 3-1-9 Shin-Yokohama Kohokuku Yokohama 222-0033JAPAN
Tel:
045-479-0220 Fax: 045-478-0431
URL: http://www.federalmogul.com/
E-Mail address: (thru
the URL)
Import,
wholesale of automotive-related components; coated electric wire, other
Osaka
KOICHI
SATO, PRES
Osamu
Yamazaki, dir
Chitose
Tanioka, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES UNDETD A/SALES Yen
670 M*
PAYMENTS Unknown CAPITAL Yen 200
M
TREND UNDETD WORTH Yen
996 M**
STARTED 1997 EMPLOYES 145
*..
Figures for Dec/2007 fiscal term, otherwise not disclosed
**..
Figures for Dec/2007 fiscal term
TRADING FIRM SPECIALIZING IN AUTOMOTIVE PARTS, OWNED
BYFEDERAL MOGUL CORP, USA.
FINANCIAL SITUATION UNDETERMINED
DUE TO THE LACK OF PROVEN BUSINESS
MAX CREDIT LIMIT: UNABLE TO BE
ASSESSED DUE TO THE ABSENCE OF PROVEN BUSINESS RECORDS.
The subject company was established by Federal Mogul Corp, USA, as its marketing arm in Japan. This is a trading firm specializing in importing and wholesaling automotive parts & components: pistons, bearings, oil pumps, water pumps, other. Goods are supplied from the USA parent, Federal Mogul Corp, and its group firms. Clients include major automakers, electric goods mfrs, wholesalers, other, nationwide.
Financials are not disclosed. The firm declined to disclose them, saying that financials are consolidated by the US parent and not authorized to disclose.
The only figures disclosed are for Dec/2007 fiscal term, when the firm reported Yen 670 million in sales. Ever since, no financials are disclosed.
Both the financials situation and business trends are not determined due to the absence of proven business records. Max credit limit is unable to be assessed due to the same reason.
Date Registered: Jul
1997
Regd No.: 0200-01-032695 (Yokohama-Kohokuku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
4,000 shares
Issued:
4,000 shares
Sum: Yen 200 million
Major shareholders (%): Federal Mogul Corp (USA) (100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and wholesales automotive/vehicle-related components & parts (--100%).
(Handling items): pistons, piston rings, pins, power cylinder systems, valve seats, valve guides & turbocharger bushings, ignition, bearings, gaskets, thermal & acoustic heat shields, seals, water pumps, oil pumps, cylinder liners, other (cited from the firm’s website).
Clients: [Automakers, wholesalers] Yazaki Corp, Toyota Motor, Nissan Motor, Autobacs Seven, Fuji Heavy Ind, Hitachi Cable, Sumitomo Wiring Systems, Toyota Gosei, other
No. of accounts: 200
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Federal Mogul Corp (USA) and group firms, HKT, Sankei Ind, Unico Corp, Fuji Oozx Inc, other
Payment record:
Unknown
Location:
Business area in Yokohama.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References:
MUFG
(Yokohama-Ekimae)
Bank
of Yokohama (Machida)
Relations:
Satisfactory
(In Million Yen)
NOT MADE AVAILABLE.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.89 |
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UK Pound |
1 |
Rs.83.18 |
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Euro |
1 |
Rs.68.06 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.