MIRA INFORM REPORT

Report Date :

04.06.2012

IDENTIFICATION DETAILS

Correct Name :	BL & C, KK

Registered Office :	Excel Heim Ebisu Bldg 6F, 3-24-14 Higashi-Ebisu Shibuyaku Tokyo 150-0011

Country :	Japan

Date of Incorporation :	June 2004

Com. Reg. No.:	0110-01-042701 (Tokyo-Shibuyaku)

Legal Form :	Limited Company

Line of Business :	Online language training services

No. of Employees :	02

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 :	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

BL & C, KK

REGD NAME

KK BL & C

MAIN OFFICE

Excel Heim Ebisu Bldg 6F, 3-24-14 Higashi-Ebisu Shibuyaku Tokyo 150-0011, JAPAN

Tel: 03-6418-6960 Fax: 03-6419-7800

URL: http://www.kk-blc.co.jp

E-Mail address: info@kk-blc.co.jp

ACTIVITIES

Online language training services

BRANCHES

Nil

OFFICERS

MIGUEL ANGEL V CAMPOS, PRES

Yen Amount: In million Yen, unless otherwise stated

SUMMARY

FINANCES FAIR A/SALES UNDISCLOSED

PAYMENTS Unknown CAPITAL Yen 10 M

TREND UNDETD WORTH UNDISCLOSED

STARTED 2004 EMPLOYES 2

COMMENT

ONLINE LANGUAGE TRAINING SERVICES.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

HIGHLIGHTS

The subject company was established by Miguel Angel Campos for offering online language training services. Languages are: Japanese for foreign executives, English for Japanese students and corporate officers, Chinese, other.

FINANCIAL INFORMATION

Financial are not disclosed. No information is available from outside sources.

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

REGISTRATION

Date Registered: June 2004

Regd No.: 0110-01-042701 (Tokyo-Shibuyaku)

Legal Status: Limited Company (Kabushiki Kaisha)

Authorized: 800 shares

Issued: 200 shares

Sum: Yen 10 million

Major shareholders (%): Miguel Angel V Campos (100)

Nothing detrimental is known as to his commercial morality.

OPERATION

Activities: Online language training services provider: English, Japanese, Chinese, other (--100%)

Clients: Japanese corporations, Japanese students, foreigners, other

No. of accounts: Unavailable

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:

Mizuho Bank (Ebisu)

Relations: Satisfactory

FINANCES

(In Million Yen)

NOT DISCLOSED AND UNAVAILABLE

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.92
UK Pound	1	Rs.86.03
Euro	1	Rs.69.13

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.