MIRA INFORM REPORT

Report Date :

07.02.2012

IDENTIFICATION DETAILS

Name :	MORERIDE CO LTD

Registered Office :	Morikyo Bldg 6F, 1-2-9 Yoyogi Shibuyaku Tokyo 1510053

Country :	Japan

Date of Incorporation :	June 2002

Com. Reg. No.:	(Tokyo-Shibuyaku) 033557

Legal Form :	Private Limited Company

Line of Business :	Import, wholesale of men’s clothing & clothing accessories

No. of Employees :	3

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 :	--

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 – September 30, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Japan

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

Company name and address

MORERIDE CO LTD

REGD NAME: YK Moreride

MAIN OFFICE: Morikyo Bldg 6F, 1-2-9 Yoyogi Shibuyaku Tokyo 1510053 JAPAN

Tel: 03-5351-6277 Fax: 03-5351-6266

URL: http//:www.morride.com

E-Mail address: (thru the URL)

ACTIVITIES

Import, wholesale of men’s clothing & clothing accessories

BRANCHES

Nil

OFFICERS

TAKUYA FUJINO, PRES

Yen Amount: In million Yen, unless otherwise stated

SUMMARY

FINANCES UNDETD A/SALES Yen 50 M*

PAYMENTS UNKNOWN CAPITAL Yen 3 M

TREND UNDETD WORTH Yen 3 M**

STARTED 2002 EMPLOYES 3

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

COMMENT

TRADDING FIRM FOR IMPORT & WHOLESALE OF MEN’S CLOTHING .

FINANCIAL SITUATION IS 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 by Takuya Fujino in order to make most of his experience in the subject line of business. This is a small-sized trading firm for import and wholesale of men’s clothing and clothing accessories. The firm does not disclose its management and financials details and the contents of this information are derived from the Registration Certificate.

FINANCIAL INFORMATION

Financial are not disclosed. It is assumed that the annual turnover is Yen 50 million, but they are not verified by proven business records. No outside sources report the figures.

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

REGISTRATION

Date Registered: Jun 2002

Regd No.: (Tokyo-Shibuyaku) 033557

Legal Status: Private Limited Company (Yugen Kaisha)

Regd Capital: Yen 3 million

Major shareholders (%): Takuya Fujino (100)

Nothing detrimental is known as to his commercial morality.

OPERATION

Activities: Imports and wholesales men’s clothing and clothing accessories (--100%)

Clients: Garment stores, chain stores, other

No. of accounts: Unavailable

Domestic areas of activities: Centered in greater-Tokyo

Suppliers: [Mfrs, wholesalers] Goods are imported

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.48.68
UK Pound	1	Rs.76.75
Euro	1	Rs.63.57

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.