MIRA INFORM REPORT

Report Date :

02.05.2013

IDENTIFICATION DETAILS

Name :	LIFE DESIGN CO LTD

Registered Office :	9-18 Kauemoncho Tochigi 328-0032

Country :	Japan

Date of Incorporation :	August, 2007

Com. Reg. No.:	0600-01-017715

Legal Form :	Limited Company

Line of Business :	Import, wholesale of home interior goods

No. of Employees :	4

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

LIFE DESIGN CO LTD

REGD NAME: KK Life Design

MAIN OFFICE: 9-18 Kauemoncho Tochigi 328-0032 JAPAN

Tel: 0282-25-5247 Fax: 0282-25-5248

URL: Error! Hyperlink reference not valid.

E-Mail address: info@lifedesign.co.jp

ACTIVITIES: Import, wholesale of home interior goods

BRANCHES: Nil

OFFICERS: KAZUAKI SUZUKI, PRES

Yen Amount: In million Yen, unless otherwise stated

SUMMARY

FINANCES R/WEAK A/SALES Yen 100 M

PAYMENTS UNKNOWN CAPITAL Yen 3 M

TREND SLOW WORTH Yen 38 M

STARTED 2007 EMPLOYES 4

COMMENT

TRADING FIRM SPECIALIZING HOME INTERIOR GOODS.

FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

MAX CREDIT LIMIT: YEN 2 MILLION, 30 DAYS NORMAL TERMS

HIGHLIGHTS

The subject company was established by Kazuaki Suzuki in order to make most of his experience in the subject line of business. This is a trading firm for import and wholesale of home interior goods: curtains, shelves, mats, toys, other. Goods are imported from India, China, other

FINANCIAL INFORMATION

Financials are not disclosed. We have obtained the figures from the president of the firm himself.

The sales volume for Jun/2012 fiscal term amounted to Yen 100 million, a similar amount in the previous term. The net profit was posted at Yen 10 million, similarly in the previous term.

For the current term ending Jun 2013 the net profit is projected to mark time at Yen 10 million, on a similar turnover, at Yen 100 million

The financial situation is considered RTHER WEAK but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 2 million, on 30 days normal terms.

REGISTRATION

Date Registered: Aug 2007

Regd No.: 0600-01-017715 (Tochigi-Tochigi)

Legal Status: Limited Company (Kabushiki Kaisha)

Authorized: 240 shares

Issued: 60 shares

Sum: Yen 3 million

Major shareholders (%): Kazuaki Suzuki (100

Nothing detrimental is known as to his commercial morality.

OPERATION

Activities: Imports and wholesales home interior goods: curtains, mattresses, shelves, toys, decorative items, other (--100%)

Clients: Furniture stores, toy shops, other

No. of accounts: Unavailable

Domestic areas of activities: Centered in Tochigi-Pref

Suppliers: [Mfrs, wholesalers] Imports from India, China, other

Payment record: Unknown

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

Bank References:

Ashikaga Bank (Shin-Tochigi)

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.