MIRA INFORM REPORT

 

 

Report Date :

12.06.2012

 

IDENTIFICATION DETAILS

 

Name :

YUMOTO KIKAI LTD

 

 

Registered Office :

2622-1 Kamiogino Atsugi Kanagawa-Pref 243-0201

 

 

Country :

Japan

 

 

Date of Incorporation :

August 2005

 

 

Com. Reg. No.:

0210-02-039588 (Kanagawa-Atsugi)

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Export of plastic molding machines, machining center, tractors, dump trucks

 

 

No. of Employees :

03-05 employees

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

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

 

YUMOTO KIKAI LTD

 

 

REGD NAME

 

YK Yumoto Kikai

 

 

MAIN OFFICE

 

2622-1 Kamiogino Atsugi Kanagawa-Pref 243-0201JAPAN

Tel: 046-282-1256      Fax: 046-282-1268

 

URL:                 http://www.yumotojapan.com

E-Mail address:            (thru the URL)

 

 

ACTIVITIES

 

Export of plastic molding machines, machining center, tractors, dump trucks

 

 

BRANCHES

 

Nil

 

 

OFFICERS

 

NAEEM MUSTAFA, PRES                    

 

Yen Amount:     In million Yen, unless otherwise stated

 

 


SUMMARY    

 

FINANCES        UNDETD           A/SALES          Yen 200 M*

PAYMENTS Unknown            CAPITAL           Yen 6 M

TREND UNDETD           WORTH            Yen 20 M*

STARTED         2005                 EMPLOYES      3-5

                        *.. Estimated figures only and not verified by any proven business

 

 

COMMENT

 

EXPORTER OF PLASTIC INJECTION MOLDING MACHINES.

 

FINANCIAL SITUATION UNDETERMINED DUE TO THE LACK OF PROVEN BUSINESS RECORDS, WHICH THE FIRM DOES NOT DISCLOSE.

                       

 

HIGHLIGHTS

 

The subject company was established by Naeem Mustafa in order to make most of his experience in the subject line of business.  This is a trading firm for exporting used plastic injection machines, machining centers, tractors, planers, binder presses, dump trucks, other.  The firm does not disclose any of its management and financial details and the contents of this report are based on the Registration Certificate obtained. 

 

 

FINANCIAL INFORMATION

           

Financials are not disclosed.  No proven business records are made available, which the firm declined to disclose.  No other databases have any information at all.  The annual turnover is estimated at Yen 200 million only, no further details.

 

The financial situation is not determined due to the lack of proven business records but should be good for MODERATE business engagements. 

 

 

REGISTRATION

 

Date Registered:  Aug 2005

Regd No.:         0210-02-039588 (Kanagawa-Atsugi)

Legal Status:      Private Limited Company (Yugen Kaisha)

Authorized:         120 shares

Issued:                120 shares

Sum:                   Yen 6 million


Major shareholders (%): Naeem Mustafa (100)

 

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

           

Activities: Exports used plastic injection machinery, plastic injection molding machines, machining centers, tractors, planers, binder presses, dump trucks, other (--100%)

 

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

            No. of accounts: Unavailable

            Domestic areas of activities: Centered in greater-Tokyo

 

Suppliers: Supplied from domestic machinery makers, wholesalers, other

 

Payment record: Unknown

 

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

 

Bank References:

Local Bank (Atsugi)

Relations: Money deposits and transfers only

 

 

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.