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Report Date : |
28.07.2012 |
IDENTIFICATION DETAILS
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Name : |
COSCO JAPAN CO LTD |
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Registered Office : |
Kasumigaseki Common Gate West Annex 33F, 3-2-1 Kasumigaseki
Chiyodaku |
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Country : |
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Date of Incorporation : |
June 1999 |
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Com. Reg. No.: |
(Tokyo)
0104-01-071443 |
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Legal Form : |
Limited Company |
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Line of Business : |
Holding
company of 4 group firms |
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No. of Employees : |
05 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
COSCO JAPAN CO LTD
Cosco Japan KK
Kasumigaseki Common Gate West Annex 33F, 3-2-1 Kasumigaseki Chiyodaku Tokyo 100-0013 JAPAN
Tel: 03-0328-2010 Fax: 03-5405-3801
* Moved to the caption address from the former, as given.
E-Mail address: cosjp@cosco.co.jp
Holding co of 4
group firms
Osaka, Nagoya,
Fukuoka, Yokohama
BUNKIN SHO,
PRES (only phonetically spelled)
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen (Not disclosed)
PAYMENTS Unknown CAPITAL Yen
40 M
TREND UNDETD WORTH Yen
(Not disclosed)
STARTED 1994 EMPLOYES 5
HOLDING COMPANY OF 4 COSCO GROUP FIRMS, WHOLLY OWNED BY COSCO,
CHINA
.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established as a ship agency by COSCO (China) to engage in container cargo booking, scheduling, port arrangement, others related to the vessels’ calling at Japanese ports. Also conducts stevedoring & warehousing arrangement on consignment to local firms. In Dec 2004, established Cosco Container Lines Japan Co Ltd and transferred container cargo business to this firm, and the subject has reduced operations to ship husbanding agency. The new firm started operations as from Jan 2005. All management and operations of the subject, including staff members, are integrated with Cosco Container Lines Japan. And the subject firm became a holding company of 4 Cosco group firms: Cosco Container Lines Japan Inc. Cosco Toho Shipping Inc, Cosco Logistics Japan Inc, and North Star Shipbuilding Ltd SA. The subject now supplies fuels, gasoline, other to group firms, too. Bunkin Sho managed all the group 4 firms.
Financials are consolidated by Cosco China and not independently disclosed. No figures have been made available.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements.
Date
Registered: Jun 1999
Regd No: (Tokyo) 0104-01-071443
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 3,200 shares
Issued: 800 shares
Sum: Yen 40 million
Major
shareholders (%): COSCO (China) (100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: A holding company of 4 Cosco group firms: Cosco Containers Japan Inc, Cosco n Toho Shipping Inc, Cosco Logistics Japan Inc and North Star Shipbuilding Ltd SA (--100%)% by
Clients: 4 Cosco group firms
No. of accounts: 5
Domestic areas of activities: Nationwide
Payment record: Unknown
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
SMBC
(Marunouchi)
MUFG
(Toranomon)
Relations:
Satisfactory
NOT DISCLOSED AND UNAVAILABLE
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.41 |
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UK Pound |
1 |
Rs.86.93 |
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Euro |
1 |
Rs.68.10 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
---- |
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.