MIRA INFORM REPORT

 

Revised report

 

 

Report Date :

17.05.2012

 

IDENTIFICATION DETAILS

 

Name :

DYNA BOEKI LTD

 

 

Registered Office :

3602-1 Tamagawa Chino City Nagano-Pref 391-0011

 

 

Country :

Japan

 

 

Date of Incorporation :

March 2005

 

 

Com. Reg. No.:

1000-02-032226 (Nagano-Chino)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer of musical instruments

 

 

No. of Employees :

10

 

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 :

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

 

DYNA BOEKI LTD

 

 

REGD NAME

 

YK Dyna Boeki

 

 

MAIN OFFICE

 

3602-1 Tamagawa Chino City Nagano-Pref 391-0011 JAPAN

Tel: 0266-79-4210      Fax: 0266-79-5307

 

*.. The given address is its Tokyo Business Headquarters

                                               

URL:   http://www.dynaboiek.com (inoperative)

 

 

ACTIVITIES

 

Mfg of musical instruments

 

 

BRANCHES

 

Tokyo

 

 

FACTORIES

 

At the caption address

 

 

OFFICERS

 

TORAKICHI MIYASAKA, PRES                                                 

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY    

 

FINANCES        UNDETD           A/SALES          NOT DISCLOSED                                             

PAYMENTS Unknown            CAPITAL           Yen 3 M

TREND UNDETD           WORTH            Yen 3 M

STARTED         2005                 EMPLOYES      10

 

 

COMMENT    

 

MFR OF MUSICAL INSTRUMENTS.

 

FINANCIAL SITUATION UNDETERMINED DUE TO THE LACK OF PROVEN BUSIESS BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

           

 

HIGHLIGHTS

           

The subject company was established by Torakichi Miyasaka in order to make most of his experience in the subject line of business.  This is a specialized mfr of musical instruments: electric guitars & basses, their parts & components.  The firm does not disclose management & financial details and the information contained here is based on and cited from the Registration Certificate.

 

 

FINANCIAL INFORMATION

           

Financial are not disclosed at all.  The firm declined to disclose them

 

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. 

 

 

REGISTRATION

 

Date Registered:  Mar 2005

Regd No.:         1000-02-032226 (Nagano-Chino)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         240 shares

Issued:                60 shares

Sum:                   Yen 3 million


 

Major shareholders (%): Dyna Music Instrument Co Ltd (100)

 

Additional Note

Re shareholders Miyasaka said he owns 100%, so we put it that way. Now Dyna Music Instrument Co Ltd is Miyasaka’s Company. That’s why he said he owns 100%.

 

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

           

Activities: Manufactures, imports, exports and wholesales musical instruments: guitars, electric guitars & basses, their parts & components (--100%)

 

Clients: [Mfrs, wholesalers] Fender Musical Instruments Corp, Calif, other

            No. of accounts: Unavailable

            Domestic areas of activities: Centered in greater-Tokyo

 

Payment record: Unknown

 

Location: Business area in Chino City, Nagano-Pref.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:

Local Bank (Chino)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

NOT DISCLOSED AND UNAVAILABLE


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.29

UK Pound

1

Rs.86.61

Euro

1

Rs.68.87

 

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.