MIRA INFORM REPORT

Report Date :

25.07.2012

IDENTIFICATION DETAILS

Name :	NITTO TRADING CO LTD

Registered Office :	SR Homes 901, 3-13-18 Takamatsucho Tachikawa City Tokyo-Metrop 190-0011

Country :	Japan

Date of Incorporation :	August 1997

Legal Form :	Limited Company

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

No. of Employees :	15

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
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

NITTO TRADING CO LTD

REGD NAME

KK Nitto Trading

MAIN OFFICE

SR Homes 901, 3-13-18 Takamatsucho Tachikawa City Tokyo-Metrop 190-0011 JAPAN

Tel: 03-529-2714

URL: N/A

ACTIVITIES

Import, wholesale of meat, meat products

BRANCHES

Nil

OFFICERS

TSUGUKAZU YANO, PRES

Shingo Suzuka, dir

Yuko Kudo, dir

Yen Amount: In million Yen, unless otherwise stated

SUMMARY

FINANCES FAIR A/SALES Yen 300 M*

PAYMENTS REGULAR CAPITAL Yen 10 M

TREND UP WORTH Yen 100 M**

STARTED 1997 EMPLOYES 15

*& **.. Estimated figures only as financials are not disclosed

COMMENT

TRADING FIRM SPECIALIZING IN MEAT AND MEAT PRODUCTS

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

HIGHLIGHTS

The subject company was established on the basis of a trading division separated from Nitto Co Ltd, Tachikawa City, processor of meat & meat products, owned and managed by Tsugukazu Yano, concurrently. This is a trading firm for import and wholesale of meat & meat products. Goods are imported from China, Thailand, New Zealand, Australia, other. Goods are wholly shipped to the parent, Nitto Co Ltd.

FINANCIAL INFORMATION

Financials are not disclosed. It is only estimated that the annual turnover is around Yen 300 million, but the figures have not been verified.

The financial situation is considered FAIR and good for ORDINARY business engagements.

REGISTRATION

Date Registered: Aug 1997

Legal Status: Limited Company (Kabushiki Kaisha)

Authorized: 800 shares

Issued: 200 shares

Sum: Yen 10 million

Major shareholders (%): Tsugukazu Yano (100)

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

OPERATION

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

Clients: [Mfr] Wholly shipped to Nitto Co Ltd

No. of accounts: 1

Domestic areas of activities: Centered in greater-Tokyo

Suppliers: [Mfrs, wholesalers] Imports from China, Thailand, New Zealand, Australia, etc

Payment record: Unknown

Location: Business area in Tachikawa City, Tokyo-Metrop. Office premises at the caption address are leased and maintained satisfactorily.

Bank References:

Mizuho Bank (Hamadayama)

Relations: Satisfactory

FINANCES

(In Million Yen)

NOT DISCLOSED AND UNAVAILABLE.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.56.02
UK Pound	1	Rs.86.89
Euro	1	Rs.67.84

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.