MIRA INFORM REPORT

 

 

Report Date :

27.03.2012

 

IDENTIFICATION DETAILS

 

Name :

SUN CHEMICAL CO LTD

 

 

Registered Office :

Union Bldg 202, 5-5 Hashimotocho Nakaku Hiroshima 730-0015

 

 

Country :

Japan

 

 

Date of Incorporation :

January 2011

 

 

Com. Reg. No.:

2400-01-040353 (Hiroshima-Nakaku)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of coals, fuels

 

 

No. of Employees :

5

 

 

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 :

Small Company

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

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

 

SUN CHEMICAL CO LTD

REGD NAME:    Sun Chemical KK

MAIN OFFICE:  Union Bldg 202, 5-5 Hashimotocho Nakaku Hiroshima 730-0015 JAPAN

Tel: 082-222-1811     

 

                        *.. Moved to the caption address in Jan 2012 from the former as given

                                               

URL:                 N/A

 

 

ACTIVITIES

 

Import, wholesale of coals, fuels

 

BRANCHES   

 

Nil

 

 

OFFICERS

 

YASUSATO MURAKAMI, PRES                                                

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    UNDETD           A/SALES          Yen 100 M*

PAYMENTS      UNKNOWN       CAPITAL           Yen 10 M

TREND             UNDETD           WORTH            Yen 10 M

STARTED                     2011                 EMPLOYES      5

                                                *.. First year target figures only

 

 

COMMENT

 

TRADING FIRM SPECIALZING IN COALS & FUELS.

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

                       

MAX CREDIT LIMIT: UNABEL TO BE ASSESSED DUE TO THE LACK OF PROVEN BUSINESS.

 

 

HIGHLIGHTS

           

            The subject company was established by Yasusato Murakami in order to make most of his experience in the subject line of business.  This is a trading firm specializing in import and wholesale of coals, fuels, other.  Information is limited.  Contents of this report are based on the Registration Certificate we have obtained.  The firm does not disclose any further information.

 

 

FINANCIAL INFORMATION

           

            Sales for the initial fiscal term that ended Dec/2011 were targeted at Yen 100 million.  Final results are yet to be released. 

 

Both the financial situation and business trends are not determined due to the recent inception and without proven business records, but should be good for MODERATE business engagements.  Max credit limit is unable to be assessed due to the same reason

 

 

REGISTRATION

 

Date Registered:  Jan 2011

Regd No.:         2400-01-040353 (Hiroshima-Nakaku)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         1,000 shares

Issued:                200 shares

Sum:                   Yen 10 million

Major shareholders (%): Yasusato Murakami (100)

           

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

           

Activities: Imports and wholesalers coals, fuels, other (--100%)

 

Clients: Mfrs, wholesalers, other

No. of accounts: Unavailable

Domestic areas of activities: Centered in Hiroshima-Pref

Suppliers: Mfrs, wholesalers, other

 

Payment record: Unknown

 

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

 

Bank References:

Hiroshima Bank (Kanayamacho)

Relations: Money deposits and transfers only

 

 

FINANCES

(In Million Yen)

 

NOT YET MADE AVAILABLE.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.30

UK Pound

1

Rs.81.36

Euro

1

Rs.67.97

 

 

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.