MIRA INFORM REPORT

Report Date :

24.08.2012

IDENTIFICATION DETAILS

Name :	MARVEL CO LTD

Registered Office :	Central Bldg 4F, 2-15-8 Mizue Edogawaku Tokyo 132-0011

Country :	Japan

Date of Incorporation :	January 2007

Legal Form :	Limited Company

Line of Business :	Import, export, wholesale of steel products aluminum products

No. of Employees :	03 employees

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 :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear

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

MARVEL CO LTD

REGD NAME

KK Marvel

MAIN OFFICE

Central Bldg 4F, 2-15-8 Mizue Edogawaku Tokyo 132-0011 JAPAN

Tel: 03-5664-0320 Fax: 03-5664-0340

URL: N/A

ACTIVITIES

Import, export, wholesale of steel products aluminum products, other

BRANCHES

Nil

OFFICERS

TAKAKO TAKEDA, PRES

Yen Amount: In million Yen, unless otherwise stated

SUMMARY

FINANCES UNDETD A/SALES Yen 50 M*

PAYMENTS Unknown CAPITAL Yen 15 M

TREND UNDETD WORTH Yen 15 M**

STARTED 2007 EMPLOYES 3

*.. Only estimated; **.. Expressed by the paid-in capital

COMMENT

TRADING FIRM SPECIALIZING IN STEEL & ALUMINUM PRODUCTS.

FINANCIAL SITUATION UNDETERMINED DUE TO THE LACK OF PROVEN BUSINESS.

HIGHLIGHTS

The subject company was established by Takako Takeda in order to make most of her experience in the subject line of business. This is a trading firm for import, export and wholesale of steel & aluminum products. The firm does not disclose its management information and financials and the information contained herein is mostly derived from the Registration Certificate.

FINANCIAL INFORMATION

Financials are not disclosed. The annual turnover is estimated at Yen 50 million, but not verified by business records.

Both the financial situation and business records are not determined due to the lack of proven business records, which the firm does not disclose.

REGISTRATION

Date Registered: Jan 2007

Legal Status: Limited Company (Kabushiki Kaisha)

Authorized: 800 shares

Issued: 250 shares

Sum: Yen 15 million

Major shareholders (%): Takako Takeda (100)

Nothing detrimental is known as to her commercial morality.

OPERATION

Activities: Imports, exports and wholesales steel & aluminum products (--100%)

Clients: Mfrs, 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 (Tokyo)

Relations: Money deposits & transfers only

FINANCES

(In Million Yen)

NOT DISCLOSED AND UNAVAILABLE.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.19
UK Pound	1	Rs.87.65
Euro	1	Rs.69.16

INFORMATION DETAILS

Report Prepared by :

MNL

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.