MIRA INFORM REPORT

 

 

Report Date :           

13.01.2012

 

IDENTIFICATION DETAILS

 

Name :

AYASE CORPORATION CO LTD

 

 

Registered Office :

Kasahara Place B, 1193-1 Nirazukacho Isezaki Gunma-Pref 372-0813

 

 

Country :

Japan

 

 

Financials (as on) :

30.11.2011

 

 

Date of Incorporation :

 April 2007

 

 

Com. Reg. No.:

(Gunma-Isezaki) 014994

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Recycling of waste steel, nonferrous steel, plastics, rubbers

 

 

No. of Employees :

3

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

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

 

Maximum Credit Limit :

Yen 13.5 Million

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

AYASE CORPORATION CO LTD

 

 

REGD NAME

 

KK Ayase Corporation

 

 

MAIN OFFICE

 

Kasahara Place B, 1193-1 Nirazukacho Isezaki Gunma-Pref 372-0813 JAPAN

Tel: 0270-22-1617      Fax: 0270-22-1633

                                               

URL:                             http://www.12plala.or.jp/ayasecorporation

E-Mail address:                        ayase-corp@hotmail.co.jp

 

 

ACTIVITIES

 

Recycling of waste steel, nonferrous steel, plastics, rubbers, other

 

 

BRANCHES

 

Nil

 

 

OVERSEAS

 

Hong Kong

 

 

FACTORIES

 

Hong Kong

 

 

OFFICERS

 

MASAHARU SHIMIZU, PRES                

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    R/WEAK                       A/SALES          Yen 750 M

PAYMENTS      Unknown                   CAPITAL           Yen 10 M

TREND             SLOW                          WORTH            Yen 28 M

STARTED                     2007                             EMPLOYES      3

 

 

COMMENT    

 

RECYCLING OF WASTE STEEL, NONFERROUS STEEL, RUBBER, ETC.

 

FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 13.5 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Masaharu Shimizu in order to make most of his experience in the subject line of business.  This company specializes in recycling of waste steel, nonferrous steel, plastics, waste pinball machines, other.  Goods are exported to its subsidiary Factory in Hong Kong for recycling.

 

 

FINANCIAL INFORMATION

 

Financial are only partially disclosed.

 

The sales volume for Nov/2010 fiscal term amounted to Yen 750 million, a similar amount in the previous term.  The net profit was posted at Yen 10 million, similarly in the previous year.

 

For the term that ended Nov 2011 the net profit was projected at Yen 10 million, on a 3% rise in turnover, to Yen 770 million.  Final results are yet to be released.

 

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.  Max credit limit is estimated at Yen 13.5 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Apr 2007

Regd No.:         (Gunma-Isezaki) 014994

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800 shares

Issued:   200 shares

Sum:                   Yen 10 million

 

Major shareholders (%): Masaharu Shimizu (100)

 

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

           

Activities: Recycling business of: waste steel, nonferrous steel, plastics, tires, rubber products, waste pin-ball machines, other (--100%).

 

Industrial wastes are shipped to its Factory in Hong Kong for recycling.

 

Clients: [Mfrs, wholesalers] Shipped to Hong Kong & Taiwan.

            No. of accounts: Unavailable

            Domestic areas of activities: Centered in Gunma-Pref

Suppliers: [Mfrs, wholesalers] FE Metal, other

 

Payment record: Unknown 

 

Location: Business area in Isezaki City, Gunma-Pref.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

·         Towa Bank (Isezaki-Nishi)

       Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

30/11/2011

30/11/2010

30/11/2009

30/11/2008

Annual Sales

　

770

750

750

600

Recur. Profit

　

　

　

　

　

Net Profit

　

10

10

10

5

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

28

21

14

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.67

0.00

25.00

200.00

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

1.30

1.33

1.33

0.83

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 30/11/2011 fiscal term.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.83

UK Pound

1

Rs.79.42

Euro

1

Rs.65.90

 

 

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.