MIRA INFORM REPORT
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Report Date : |
14.01.2012 |
IDENTIFICATION DETAILS
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Name : |
JAPAN HUAQING TRADE CO LTD |
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Registered Office : |
Sanno Urban Life 516, 2-1-8 Sanno Ohtaku Tokyo 143-0023 |
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Country : |
Japan |
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Date of Incorporation : |
September 2000 |
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Com. Reg. No.: |
(Tokyo-Ohtaku) 015359 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Recycling of industrial wastes, mfg of ceramic products, import/export of used cars. |
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No. of Employees : |
5 |
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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Maximum Credit Limit : |
YEN 11.3 MILLION |
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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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
COMPANY NAME AND ADDRESS
JAPAN HUAQING TRADE CO LTD
REGD NAME: Nihon
Kakei Shoji KK
MAIN OFFICE: Sanno
Urban Life 516, 2-1-8 Sanno Ohtaku Tokyo 143-0023 JAPAN
Tel:
03-5718-2371 Fax: 03-5718-2372
E-Mail
address: info@huaqing.co.jp
ACTIVITIES
Recycling
of industrial wastes, mfg of ceramic products, import/export of used Cars
BRANCHES
Nil
OVERSEAS
Shanghai
(Mfg & recycling works)
OFFICERS
G
CHIN, PRES (Chinese resident)
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 650 M*
PAYMENTS UNKNOWN CAPITAL Yen 50 M
TREND UNDETD WORTH Yen
100 M**
STARTED 2000 EMPLOYES 5
*.. Declared
by the firm; **.. Only estimated
COMMENT
RECYCLING OF INDUSTRIAL WASTES.
FINANCIAL SITUATION NOT
DETERMINED DUE TO THE LACK OF PROVEN BUSINESS BUT SHOULD BE GOOD FOR MODERATE
BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 11.3 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by G Chin, Chinese
resident, in order to make most of his experience in the subject line of
business. This is a specialized mfr of
ceramic products, and recycling of industrial wastes: steel, nonferrous steel,
waste pinball machines, other. For the
past 10 years the firm recycled 3.2 million units of waste pinball machines in
4,735 forty-footer containers, the firm says.
Wastes are shipped to its owned Factory in Shanghai, other to Taiwan,
Vietnam, other. It also imports and
exports used automobiles.
FINANCIAL INFORMATION
Financial are not disclosed except that annual turnover is
Yen 650 million. No further details are
disclosed..
Both the financial situation and business trends are not
determined due to the lack of proven business records. The firm does not disclose any of its
financials. Max credit limit, as based
on the firm’s professed turnover, is estimated at Yen 11.3 million, on 30 days
normal terms.
REGISTRATION
Date Registered :
Sept 2000
Regd No. : (Tokyo-Ohtaku) 015359
Legal Status : Limited Company (Kabushiki Kaisha)
Authorized :
4,000 shares
Issued : 1,000 shares
Sum : Yen 50 million
Major shareholders (%): G Chin (100)
Nothing detrimental is known as
to his commercial morality.
OPERATION
Activities: Recycling of industrial wastes:
steel, nonferrous steel, auto tires, rubber, waste pinball machines, other;
also imports and exports used automobiles, manufactures ceramic products (--100%)
Clients: [Mfrs, wholesalers] JAA, Sun Trading,
CE-Rise Co, Yugi System Co, CF Export, Maruto Tsusho Co, other
No. of
accounts: 100
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:
SMBC
(Omori)
Resona
Bank (Omori)
Relations:
Satisfactory
FINANCES
(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.51.43 |
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UK Pound |
1 |
Rs.79.10 |
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Euro |
1 |
Rs.66.17 |
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.