MIRA INFORM REPORT

Report Date :

28.05.2012

IDENTIFICATION DETAILS

Name :	DAIKO TRADING CO LTD

Registered Office :	2-6 Funahashicho Tennojiku Osaka 543-0024

Country :	Japan

Date of Incorporation :	March 1997

Com. Reg. No.:	1200-02-022405 (Osaka-Tennojiku)

Legal Form :	Limited Company

Line of Business :	Exporter of used printing machines, book binding machines

No. of Employees :	01

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Small Company
Payment Behaviour :	Usually Correct
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 31^st, 2012

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Japan

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company name

DAIKO TRADING CO LTD

REGD NAME

YK Daiko Butsuryu

MAIN OFFICE

2-6 Funahashicho Tennojiku Osaka 543-0024 JAPAN

Tel: 06-6766-6620 Fax: 06-6766-6630

URL: N/A

ACTIVITIES

Export of used printing machines, book binding machines

BRANCHES

Nil

OFFICERS

SHINOBU TOKABE, PRES

Yen Amount: In million Yen, unless otherwise stated

SUMMARY

FINANCES UNDETD A/SALES Yen 30 M*

PAYMENTS REGULAR CAPITAL Yen 3 M

TREND UNDETD WORTH Yen 3 M**

STARTED 1997 EMPLOYES 1

*.. Only estimated as not disclosed; **.. Expressed by the paid-in capital

COMMENT

EXPORTER OF USED INDUSTRIAL MACHINERY.

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

HIGHLIGHTS

The subject company was established by Shinobu Tokabe in order to make most of his experience in the subject line of business. This is a one-man operating trading firm for export of used printing machines, book binding machines, other. Exports to S/E Asian countries.

FINANCIAL INFORMATION

Financial are not disclosed.

The sales volume for Mar/2012 fiscal term is estimated amounted to Yen 30 million, a similar amount in the previous term. The figures are only estimated and not verified by the actual business records.

Both the financial situation and business records are not determined due to the lack of proven business records, which the firm does not disclose, saying that this is a family-based company and the financial matters are not to be openly disclosed except to banks and taxation office.

REGISTRATION

Date Registered: Mar 1997

Regd No.: 1200-02-022405 (Osaka-Tennojiku)

Legal Status: Limited Company (Kabushiki Kaisha)

Authorized: 240 shares

Issued: 60 shares

Sum: Yen 3 million

Major shareholders (%): Shinobu Tokabe (100)

Nothing detrimental is known as to his commercial morality.

OPERATION

Activities: Exports used printing machines, book binding machines, other (--100%)

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

No. of accounts: Unavailable

Domestic areas of activities: Centered in greater-Osaka

Suppliers: Mfrs, wholesalers, other

Payment record: Regular

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

Bank References:

Local Bank (Osaka)

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.55.73
UK Pound	1	Rs.87.26
Euro	1	Rs.69.89

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%)

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