MIRA INFORM REPORT

 

 

Report Date :

12.06.2012

 

IDENTIFICATION DETAILS

 

Name :

SANO CORPORATION

 

 

Registered Office :

4-2-7 Chuo Ohtaku Tokyo 143-0024

 

 

Country :

Japan

 

 

Date of Incorporation :

June 2007

 

 

Com. Reg. No.:

0108-01-004770 (Tokyo-Ohtaku)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer, processing of used plastic injection molding machines

 

 

No. of Employees :

10-15 employees

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

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 :

Undetermined

 

 

Payment Behaviour :

---

 

 

Litigation :

---

 


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)

Japan

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 


Company name

 

SANO CORPORATION

 

 

REGD NAME

 

KK Sano Shoji

 

 

MAIN OFFICE

 

4-2-7 Chuo Ohtaku Tokyo 143-0024JAPAN

   Tel: 03-3772-2621      Fax: 03-3772-2622

 

URL:                 http://www.sanocorp.jp

E-Mail address:            Tokyo@sanocorp.jp

 

 

ACTIVITIES

 

Mfg, processing of used plastic injection molding machines

 

 

BRANCHES

 

Shizuoka

 

 

FACTORIES

 

Chiba (3)

 

 

OFFICERS

 

NOBORU SANO, PRES

T Sano, mgn dir            

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY

 

FINANCES        FAIR                 A/SALES          Yen 300 M*

PAYMENTS  Unknown           CAPITAL           Yen 10 M

TREND UNDETD           WORTH            Yen 20 M*

STARTED         2007                 EMPLOYES      10-15

 

                                                *.. Financials not disclosed and only estimated

 

 

COMMENT    

 

MFR & PROCESSOR OF USED PLASTIC INJECTION MOULDING MACHINES.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

 

           

HIGHLIGHTS

           

The subject company was established by Noboru Sano in order to make most of his experience in the subject line of business.  This is a special mfr and processor or used plastic injection molding machines and attachment.  Also engaged in purchasing and selling of used machines from used factories & makers.  Information is limited and the contents of this report are based on the Registration Certificate obtained.

 

 

FINANCIAL INFORMATION

           

Financials are not disclosed.  The annual turnover is estimated at Yen 300 million, but not supported by any of its business or other data bases.

 

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

 

 

REGISTRATION

 

Date Registered:  Jun 2007

Regd No.:                      0108-01-004770 (Tokyo-Ohtaku)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800 shares

Issued:             200 shares

Sum:                   Yen 10 million

 

Major shareholders (%): Noboru Sano & families (--100)

No. of shareholders: 5

 

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

OPERATION

 

Activities: Manufactures, processes and exports used plastic injection molding machines & accessories (--100%)

 

Clients: [Mfrs, wholesalers] Exports to China, other S/E Asian countries 

            No. of accounts: Unavailable

            Domestic areas of activities: Centered in greater-Tokyo

 

Suppliers: Supplied from domestic makers, processors, other

 

Payment record: Unknown

 

Location: Business area in Tokyo.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:

Local Bank (Ohtaku)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

NOT DISCLOSED AND UNAVAILABLE.


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.24

UK Pound

1

Rs.85.93

Euro

1

Rs.69.82

 

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.