MIRA INFORM REPORT

Report Date :

18.07.2013

IDENTIFICATION DETAILS

Name :	JAPAN TEA TRADING CO LTD

Registered Office :	Azuma Bldg 1F, 2-3-10 Uchikanda Chiyodaku Tokyo 101-0047

Country :	Japan

Date of Incorporation :	July 2002

Com. Reg. No.:	0100-01-082196 (Tokyo-Chiyodaku)

Legal Form :	Limited Company (Kabushiki Kaisha)

Line of Business :	Import, wholesale of teas: Chinese teas, brown teas, green teas, other

No. of Employees :	5

RATING & COMMENTS

MIRA’s Rating :

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

COMPANY NAME AND ADDRESS

JAPAN TEA TRADING CO LTD

REGD NAME: Japan Tea Trading KK

MAIN OFFICE: Azuma Bldg 1F, 2-3-10 Uchikanda Chiyodaku Tokyo 101-0047 JAPAN

Tel: 03-6206-4611 Fax: 03-6206-4663

URL: http://www.japan-tea-trading.co.jp

E-Mail address: (thru the URL)

ACTIVITIES: Import, wholesale of teas: Chinese teas, brown teas, green teas, other

BRANCHES: Nil

OFFICERS: TOHRU TAKAI, PRES

Hiromitsu Sakuma, dir

Shoji Kitoh, dir

Yen Amount: In million Yen, unless otherwise stated

SUMMARY: FINANCES UNDETD A/SALES UNAVAILABLE*

PAYMENTS REGULAR CAPITAL Yen 10 M

TREND UNDETD WORTH Yen 10 M*

STARTED 2002 EMPLOYES 5

*.. Financials are not disclosed or declined to disclose.; net worth is

expressed by the paid-in capital

COMMENT: TRADING FIRM SPECIALIZING IN TEAS..

FINANCIAL SITUATION UNDETERMINED DUE TO THE LACK OF PROVEN BUSINESS BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS. HENCE, THE PROPOSED AMOUNT IS UNABLE TO BE ASSESSED..

MAX CREDIT LIMIT: UNABEL TO BE ASSESSED DUE TO THE SAME REASON. ANY CREDITS ON NEW TRANSACTIONS ARE REOMMENDED TO BE ON STRICTLY GUARANTEED TERMS.

HIGHLIGHTS:

The subject company was established by Tohru Takai in order to make most of his experience in the subject line of business. This is a trading firm for import and wholesale of teas: green teas, brown teas, Chinese teas, other. Goods are imported from India centrally, Sri Lanka, Kenya, other. The firm declined to disclose any of its managerial and financials information and the contents of this report are based on Registration Certificate and information obtained from outside sources.

FINANCIAL INFORMATION:

Financials are not disclosed. We contacted the owner but he flatly declined to divulge anything on the financials, saying why do we have to disclose?

Both the financials situation and business trends are not determined due to the lack of proven business but should be good for MODERATE business engagements. Both the proposed credits and max credit amount are not to be assessed due to the same reason. Any credits on new transactions are recommended on strictly guaranteed terms.

REGISTRATION

Date Registered: Jul 2002

Regd No.: 0100-01-082196 (Tokyo-Chiyodaku)

Legal Status: Limited Company (Kabushiki Kaisha)

Authorized: 800 shares

Issued: 200 shares

Sum: Yen 10 million

Major shareholders (%): Tohru Takai, others (% unavailable)

No. of shareholders: 3

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

OPERATION:

Activities: Imports and wholesales teas: brown teas, green teas, Chinese tees, including Regent Garden Tea, Royal Walton Tea, other (--100%)

Clients: Tea houses, coffee shops, other

No. of accounts: Unavailable

Domestic areas of activities: Centered in greater-Tokyo

Suppliers: [Mfrs, wholesalers] Imports from India, Sri Lanka, Kenya, other

Payment record: Regular

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

Bank References:

Local Bank (Tokyo)

Relations: Money deposits and transfers only

FINANCES

(In Million Yen)

NOT DISCLOSED AND UNAVAILABLE.

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.