MIRA INFORM REPORT

 

 

Report Date :

28.11.2013

 

IDENTIFICATION DETAILS

 

Name :

MARUSHO CO LTD

 

 

Registered Office :

More Grace 902, 2-57-1 Murohonmachi Ogaki City Gifu-Pref 503-0911

 

 

Country :

Japan

 

 

Date of Incorporation :

March 2006

 

 

Com. Reg. No.:

2000-02-015182 (Gifu-Ogaki)

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importer, wholesaler of textiles, other consumer goods

 

 

No. of Employees :

Not Available 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

 

Company name                             MARUSHO CO LTD

 

REGD NAME:                                    YK Marusho Shokai

 

MAIN OFFICE:                                   More Grace 902, 2-57-1 Murohonmachi Ogaki City Gifu-Pref 503-

             0911JAPAN

Tel:                                         0584-75-5208

 

URL:                                       N/A

 

ACTIVITIES:                          Import, wholesale of textiles, other consumer goods

 

BRANCHES:                          Nil

 

OFFICER(S):                         MASASHI SHIOKI, PRES

 

 

REGISTRATION

 

Date Registered:                  Mar 2006

Regd No.:                                          2000-02-015182 (Gifu-Ogaki)

Legal Status:                         Private Limited Company (Yugen Gaisha)

Regd Capital:                                    Yen 3 million

Major shareholders (%):     Tadashi Shioki (100)

 

 

FINDINGS:

 

The subject company was established by Masashi Shioki in order to make most of his experience in the subject line of business.  This was a family-based trading firm specializing in import and wholesale of clothing and other consumer goods.  Goods were imported from India, China, etc.  The firm, however, went bankrupt in Oct 2009 and closed down.  Normally any corporate unluckily going into bankruptcy will seek protection against creditors under the Corporate Rehabilitation Law but the firm did not apply for it.  It is clear that business revival may not be in sight, and so may have closed down immediately.  No liabilities are reported.  The firm had not disclosed any of its financials from the beginning of the business set-up.

 

 

 

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.