MIRA INFORM REPORT

 

 

Report Date :

29.06.2012

 

IDENTIFICATION DETAILS

 

Name :

FREAK OUT

 

 

Registered Office :

H2 Minami-Aoyama Bldg 4F, 5-10-1 Minami-Aoyama Minatoku Tokyo 107-0062

 

 

Country :

Japan

 

 

Date of Incorporation :

October  2010

 

 

Com. Reg. No.:

0104-01-092006 (Tokyo-Minatoku)

 

 

Legal Form :

Limited Company (Kabushiki Kaisha

 

 

Line of Business :

Website advertising agent

 

 

No. of Employees :

15

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Unknown

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 and address

 

FREAK OUT

REGD NAME:    KK Freak Out

MAIN OFFICE:  H2 Minami-Aoyama Bldg 4F, 5-10-1 Minami-Aoyama Minatoku Tokyo 107-0062

JAPAN

Tel: 03-6365-5958     

 

URL:                 N/A (under construction)

 

 

ACTIVITIES

 

Website advertising agent

 

BRANCHES   

 

Nil

 

 

CHIEF EXEC

 

YUZURU HONDA, PRES

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY

 

FINANCES        UNDETD            A/SALES       Yen 100 M

PAYMENTS      UNKNOWN        CAPITAL        Yen 26 M

TREND UP                     WORTH         Yen  M

STARTED         2010                  EMPLOYES   15

 

 

COMMENT

 

WEBSITE ADVISING AGENT 

FINANCIAL SITUATION UNDETERMINED DUE TO THE RECENT INCEPTION BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

                       

 

 

HIGHLIGHTS

 

The subject firm was established by Yuzuru Honda in order to make most of his experience in the subject line of business.  This is a website advertising agent.  Clients include airline companies, banks, AD agency, other.  .

 

FINANCIAL INFORMATION

 

            Financials are only partially disclosed.  Reportedly the firm turned Yen 100 million for the initial fiscal term ending Sept 2011.  No profits are disclosed. 

           

            Both the financial situation and business trends are not determined due to the recent inception but should be good for MODERATE business engagements.  Max credit limit is unable to be assessed due to the lack of proven business.

 

 

REGISTRATION

 

Date Registered: Oct 2010

Regd No.:         0104-01-092006 (Tokyo-Minatoku)

Legal Status:      Limited Company (Kabushiki Kaisha

Authorized:       2,000 million shares

Issued:                520

Sum:                   Yen 28 million

Major shareholders (%): Yuzuru Honda (100)

 

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

 

           

OPERATION

           

Activities: Website advertising agent (100%)

           

Clients: [AD agents, airlines, banks] GMO NIKKO Inc, Opt Inc, Asatsu DK Inc, Cyber Communications Inc, other

No. of accounts: Limited

Domestic areas of activities: Centered in greater-Tokyo    

Suppliers: [Internet providers, communications firms] Google, Kauli, Spacyz Inc, Scale Out Ind, other

 

Payment record: Unknown

 

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

 

Bank References:

MUFG (Shimbashi)

Relations: Money deposits & transfers only

 

FINANCES

 

(In Million Yen)

 

NOT MADE AVAILABLE

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.56.92

UK Pound

1

Rs.88.91

Euro

1

Rs.71.25

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.