MIRA INFORM REPORT

Report Date :

05.07.2012

IDENTIFICATION DETAILS

Name :	BUD CO LTD

Registered Office :	1-4-24 Natogaya Kashiwa Chiba-Pref 277-0032

Country :	Japan

Date of Incorporation :	October 2011

Legal Form :	Limited Company

Line of Business :	Import, wholesale of meat, meat products, foodstuff

No. of Employees :	03

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
----	NB	New Business	----

Status :	New Company
Payment Behaviour :	Unknown
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 – March 31^st, 2012

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Japan

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

Company name

BUD CO LTD

REGD NAME

KK B. U. D.

MAIN OFFICE

1-4-24 Natogaya Kashiwa Chiba-Pref 277-0032 JAPAN

Tel: 047-105-0223 Fax: 047-105-0223

URL: N/A

E-Mail address: butsato@hotmail.com

ACTIVITIES

Import, wholesale of meat, meat products, foodstuff

BRANCHES

Tokyo

OFFICERS

KAZUMI YAMAMOTO, PRES

Yen Amount: In million Yen, unless otherwise stated

SUMMARY

FINANCES UNDETD A/SALES Yen 4,500 M*

PAYMENTS Unknown CAPITAL Yen 2 M

TREND UNDETD WORTH Yen 2 M

STARTED 2011 EMPLOYES 3

*.. The first year target only

COMMENT

TRADING FIRM SPECIALIZING IN MEAT & PRODUCTS.

FINANCIAL SITUATION UNDETERMINED DUE TO THE RECENT INCEPTION AND WITHOUT PROVEN BUSINESS BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

HIGHLIGHTS

The subject company was established by T Sato originally in 1985 in Tokyo for importing meat and products from Canada. The firm had been suspended operations until 2011 when Kazumi Yamamoto reconstructed and resumed operations in Kashiwa, Chiba-Pref. This is a trading firm for import and wholesale of beef, other meat & products from Canada, other.

FINANCIAL INFORMATION

The sales for the initial one year term ending Sept 2012 are targeted at Yen 4,500 million, says the firm.

Both the financial situation and business trends are not determined due to the recent inception and without proven business records but should be good for MODERATE business engagements.

REGISTRATION

Date Registered: Oct 2011

Legal Status: Limited Company (Kabushiki Kaisha)

Authorized: 200 shares

Issued: 40 shares

Sum: Yen 2 million

Major shareholders (%): Kazumi Yamamoto (100)

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

OPERATION

Activities: Imports and wholesales meat, meat products, foodstuffs, others (--100%)

Clients: Meat markets, wholesalers, stores, other

No. of accounts: Unavailable

Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] Imports from Canada, other

Payment record: Unknown

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

Bank References:

SMBC (Nihombashi)

Relations: Satisfactory

FINANCES

(In Million Yen)

NOT YET MADE AVAILABLE.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.55
UK Pound	1	Rs.85.48
Euro	1	Rs.68.70

INFORMATION DETAILS

Report Prepared by :

MNL

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.