MIRA INFORM REPORT

Report Date :

17.01.2012

IDENTIFICATION DETAILS

Name :	MSC CO LTD

Registered Office :	2-650 Nonoshita Nagareyama Chiba-Pref

Country :	Japan

Date of Incorporation :	October 1984

Com. Reg. No.:	0400-02-089103 (Chiba-Kashiwa)

Legal Form :	Private Limited Company

Line of Business :	Import, export, wholesale of OA equipment

No. of Employees :	1

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 :	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 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

MSC CO LTD

REGD NAME: YK MSC

MAIN OFFICE: 2-650 Nonoshita Nagareyama Chiba-Pref JAPAN

Tel: 04-7143-9034

*.. Registered at: 148 Toyoshiki Kashiwa Chiba-Pref

URL: N/A

ACTIVITIES

Import, export, wholesale of OA equipment

BRANCHES

Nil

OFFICERS

TOSHIMASA NANAO, RPES

Yen Amount: In million Yen, unless otherwise stated

SUMMARY

FINANCES UNDETD A/SALES Yen 60 M*

PAYMENTS UNKNOWN CAPITAL Yen 3 M

TREND UNDETD WORTH Yen 3 M**

STARTED 1984 EMPLOYES 1

*.. Mar/2010 figures only: ** expressed by the paid-in capital

COMMENT

TRADING FIRM SPECIALIZING IN OA EUIPMEMT.

FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERTE BUSIENSS ENGAGEMENTS.

MAX CREDIT LIMIT: YEN 700,000.00, 30 DAYS NORMAL TERMS

HIGHLIGHTS

The subject company was established by Toshimasa Nanao in odder to make most of his experience in eh subject line of business. This is a one-man operated trading firm specializing in OA equipment: copiers, faxes, computers & peripherals. The firm does not disclose any of its management & financial details and the information herein is based on the Registration Certificate and limited information provide from outside sources

FINANCIAL INFORMATION

Financial are not disclosed at all.

The sales volume for Dec/2010 fiscal term amounted to Yen 60 million, a similar amount in previous term. This is the only figures reported.

Both the financial situation and business trends are not determine due to the lack of proven business but should be good for MOEERATE business engagements. Max credit limit is estimate at Yen 700,000.00 million, on 30 days normal terms.

REGISTRATION

Date Registered: Oct 1984

Regd No.: 0400-02-089103 (Chiba-Kashiwa)

Legal Status: Private Limited Company (Yugen Kaisha)

Authorized: 3,000 shares

Issued: 3,000 shares

Sum: Yen 3 million

Major shareholders (%): Toshimasa Nanao (100%)

Nothing detrimental is known as to his commercial morality of executives.

OPERATION

Activities: Imports, exports and wholesales of OA equipment: copiers, fax machines, computers & peripherals, other (--100%)

Clients: Business firms, other

No. of accounts: unavailable

Domestic areas of activities: Centered in Chiba-Pref

Payment record: Unknown

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

Bank References:

Local Bank (Chiba)

Relations: Money deposits & transfers only

FINANCES

(In Million Yen)

NOT DISLOSED

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.65
UK Pound	1	Rs.79.09
Euro	1	Rs.65.32

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.