MIRA
INFORM REPORT
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Report Date : |
28.01.2012 |
IDENTIFICATION DETAILS
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Name : |
TRUST TRADING CO
LTD |
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Registered Office : |
Wacore Kitamoto D-906, 2-238 Asahi Kitamoto Saitama-Pref 364-0011 |
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Country : |
Japan |
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Date of Incorporation : |
Jun 2004 |
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Com. Reg. No.: |
0300-01-062318 (Saitama-Kitamoto) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Trading firm specializing in import, export and wholesale
of plastic materials & products, manufactured at its Factory in China,
other |
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No. of Employees : |
3 |
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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Status : |
Moderate |
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Payment Behaviour : |
No complaints |
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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 – 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
TRUST TRADING CO LTD
REGD NAME: KK
Torei Boeki
MAIN OFFICE
Wacore Kitamoto
D-906, 2-238 Asahi Kitamoto Saitama-Pref 364-0011 JAPAN
Tel:
0485-93-7446 Fax: 0485-93-7447
URL: N/A
ACTIVITIES
Import,
export of plastic materials
BRANCHES
China
(2)
FACTORIES
China
(Plastic hardware factory)
OFFICERS
ZHOU
WEI XIONG, PRES
Toshihide
Samejima, dir
Rieko
Samejima, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 100-200 M*
PAYMENTS No complaints CAPITAL Yen
10 M
TREND UNDETD WORTH Yen
10 M**
STARTED 2004 EMPLOYES 3
*..
Estimated figures only as not disclosed
**..
Expressed by the paid-in capital
COMMENT
TRADING FIRM SPECIALIZING IN PLASTIC MATERIALS.
FINANCIAL SITUATION 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. ANY
CREDITS ON NEW TRANSACTIONS ARE RECOMMENDED WITH SECURED TERMS.
HIGHLIGHTS
The subject company was established by Zhou Wei Xiong, a
Chinese resident, as a marketing office in Japan. It operates a plastic hardware factory in
China. This is a trading firm
specializing in import, export and wholesale of plastic materials &
products. The firm does not disclose any
of its management and financial details and all the information herein are based
on the Registration Certificate. We
phone contacted but no further details are disclosed. No outside sources have any information
whatsoever at all.
FINANCIAL INFORMATION
Financial are not disclosed.
The annual sales amount is only estimated between Yen 100 million &
Yen 200 million, but these figures have not been verified at all.
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 2004
Regd No.: 0300-01-062318 (Saitama-Kitamoto)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%): Zhou Wei Xiong (100)
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Trading firm specializing in import,
export and wholesale of plastic materials & products, manufactured at its
Factory in China, other (--100%)
Clients: Mfrs, wholesalers, other.
No. of
accounts: Unavailable
Domestic
areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Imports from China
Payment record: No
complaints
Location: Business
area in Kitamoto, Saitama-Pref. Office
premises at the caption address are owned and maintained satisfactorily.
Bank References:
Local
Bank (Kitamoto)
Relations:
Money deposits & transfers only
FINANCES
(In Million Yen)
NOT DISCLOSED & UNAVAILABLE
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.64 |
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1 |
Rs.77.79 |
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Euro |
1 |
Rs.65.05 |
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.