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Report Date : |
22.03.2012 |
IDENTIFICATION DETAILS
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Name : |
FRESCO SYSTEM JAPAN INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
March 2003 |
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Com. Reg. No.: |
0100-01-135772 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of water purifier, degassing equipment, packaging materials |
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No. of Employees : |
50 |
RATING & COMMENTS
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MIRAs Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Yen 2.62 Million |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
FRESCO SYSTEM JAPAN INC
REGD NAME: Fresco
System Japan KK
MAIN OFFICE: Imperial
Hotel Tower 16F, 1-1-1 Uchisaiwaicho Chiyodaku Tokyo 101-0047
JAPAN
Tel: 03-3843-2911
*.. Moved to the caption
address in Oct 2011 from the former at: 2-6-7
Motoasakusa Taitoku
Tokyo
URL: N/A
Mfg of water purifier,
degassing equipment, packaging materials
Chuoku (operating
office as given)
TAKEHIKO FUKUOKA,
PRES
Yen Amount: In million Yen, unless otherwise stated
FINANCES UNDETD A/SALES Yen 150 M*
PAYMENTS UNKNOWN CAPITAL Yen 50 M
TREND UNDETD WORTH Yen
UNDISCLOSED
STARTED 2003 EMPLOYES 50
*.. Figures of Feb/2009
MFR OF WATER PURIFIERS.
FINANCIAL SITUATION UNDETERMINED DUE TO THE LACK
OF PROVEN BUSINESS BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 2.62 MILLION, 30 DAYS,
BASED ON THE AVAILABEL FIFURES.
RECOMMEND SECURED TERMS ON NEW TRANSACTIONS.
The subject company was established originally
as a JV with Fresco System USA and Nihon Matai Co Ltd, mfg of packaging
materials, Tokyo. In Oct 2011 the firm
bought the share of Nihon Matai Co and became independent. This is a specialized mfr of water purifiers,
gas venting equipment, packaging materials, other. The firm does not disclose management &
financial details and the information herein are based on the contents of
Registration Certificate and information gathered from outside sources.
Financial are consolidated by the
USA parent and not disclosed. The only
figures we obtained are: Sales Yen 150 million, net profit Yen 5 million for
Feb/2009 fiscal term. Since then no
figures have been disclosed.
Both the financial situation and business
trends are not determined due to the lack of proven business records but should
be good for MODERATE business engagements.
Max credit limit is estimated at Yen 2.62 million, 30 days, based on the
Feb/2009 figures. Recommend secured
terms on new transactions.
Date Registered: Mar
2003
Regd No.:
0100-01-135772
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 1,000 shares
Issued: 1,000 shares
Sum: Yen 50 million
Major
shareholders (%): Fresco System Inc (USA) (100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures
water purifiers, degassing equipment, vacuum packaging materials, others
(--100%)
Clients: [Mfrs,
wholesalers] Camel Coffee, Kagome Co, Key Coffee, Mitsui & Co, Ajinomoto
General foods, Art Coffee, Kane Tanaka Co, Pet Line Co, other
No. of accounts:
100
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers: [Mfrs,
wholesalers] Nihon Matai Co, Goglio Spa (Italy), Goglio Tianjiang, other.
Payment record: Unknown
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
MUFG (Nihombashi)
Relations:
Satisfactory
(In Million Yen)
NOT DISCLOSED AND UNAVAILABLE
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.59 |
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1 |
Rs.80.34 |
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Euro |
1 |
Rs.67.14 |
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 |
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This score serves as a reference to assess SCs 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.