MIRA INFORM REPORT

 

 

Report Date :

 

 

 

 

 

Tel. No.:

 

Fax No.:

 

E-Mail :

 

 

 

IDENTIFICATION DETAILS

 

Name :

OVO JAPAN CO., LTD.

 

 

Formerly Known As :

 

 

 

Registered Office :

 

 

 

Country :

 

 

 

Financials (as on) :

 

 

 

Date of Incorporation :

 

 

 

Com. Reg. No.:

 

 

 

Legal Form :

 

 

 

Line of Business :

 

 

 

No of Employees :

 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

 

 

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

 

--

 

Maximum Credit Limit :

 

Status :

 

Payment Behaviour :

 

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 – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

 

 

 

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

ECONOMIC OVERVIEW

 

 

Source : CIA

 

 

 

 

COMPANY NAME

 

OVO JAPAN CO., LTD.

 

 

OUTLINE

========

Country:                                    Japan

Company name:                        OVO JAPAN CO., LTD.

Name in local language:             OVO JAPAN, K.K.   (株式会社オボジャパン)

Office address:                         YS Daini Bldg. 5F., 2-42-7, Matsubara, Setagaya-ku, Tokyo 156-0043

Office tel:                                             03-6304-7312

Office fax:                                03-5301-3888

Website:                                   http://ovojapan.co.jp

Business type:                          Trader

Industry:                                               Food products and related equipment

Established:                              December 26, 1996

Capital:                                                 Jp. 10,000,000 yen

Employees:                              8

Corporate formation:                 Private

Corporation No.:                       0109-01-024177 (Tokyo Legal Affairs Bureau)

 

 

MAJOR SHAREHOLDERS

=====================

Paid in capital :                         Jp. 10,000,000 yen

Number of authorized shares :   800 shares

Shares issued :                         200 shares

Number of shareholder :                        2

 

Name of shareholders                                       Number of shares (%)

-----------------------------------------------------------------------------------------------------------

Mr. Masami Oh-i, President                                180 shares (90.0)

Ms. Minako Oh-i, former director                                    20 shares (10.0)

-----------------------------------------------------------------------------------------------------------

Total                                                     200 shares (100.0)

 

 

DETAILED PRODUCT CLASSFICATION & ACTIVITY

===========================================

Activity                         Product/Service Description

-------------------------------------------------------------------------------

Trading             Imported eggs

Trading             Processed eggs

COMPANY MANAGEMENT

=======================

President                      Mr. Masami Oh-i

Nationality:                    Japan

 

Director                        Ms. Minami Oh-i

Nationality:                    Japan

 

Note: The names of director(s) and auditor(s) are phonetically spelt.

 

 

*Key Personnel*

==============

Mr. Masami(Mac) Oh-i

President and representative director

Born on December 11, 1940

Education: Graduated from Kagoshima University

Home address: 3-3-3, Mejirodai, Hachioji-shi, Tokyo 193-0833

 

 

 

FINANCIALS

===========

Currency: (local currency - Jp. yen)

-------------------------------------------------------------------------------------

 Year |          Sales            |      Net Income    

-------------------------------------------------------------------------------------

2010

481,432,000

2,130,000

2011

545,414,000

4,532,000

2012

550,271,000

3,908,000

2013

931,792,000

15,901,000

2014

1,584,991,000

15,073,000

 

 

FINANCIAL DESCRIPTION

=====================

*Book Closing*

============

March 31st

 

 

*Financials*

==========

As a private limited company, no official financial statement is required to be disclosed publicly.

 

 

*Bank Details*

============

Bank Name :     Bank of Tokyo-Mitsubishi UFJ, Ltd.

Branch :            Sasazuka

 

Bank Name :     Sumitomo Mitsui Banking Corp.

Branch :            Hatagaya

 

Bank Name :     Shoko Chukin Bank

Branch :            Shinjuku

 

 

 

 

 

 

 

 

 

*Credit Opinion*

=============

The subject is a Tokyo-based small-sized firm specializing in import and wholesale of eggs of chicken, processed eggs and related equipment.

After a few years of slow business, it picked up from 2013 and jumped up further for Mar. 2014 term.

While the suppliers are not well-known, the customers are reputed companies.

However, we have to watch up for a while if such growth would continue.

Our standard suggestion would be up to US$ 20,000 on terms of 90 days.

 

 

PRODUCT, TECHNOLOGY, SERVICE DESCRIPTION

========================================

*Main Products & Services*

======================

Its website introduces itself as an importer and wholesaler of the following items:

Quote:

Sales of imported agricultural products

Sales of agricultural machineries

Consulting service for import of agricultural products

Consulting service for processing agricultural products

Import and sales of dried egg powder

Unquote:

 

However, the product list shows only the following items:

Quote:

Dried egg albumen powder

Dried egg yolk powder

Dried whole egg powder

Lysozyme

Unquote:

 

Accordingly its mainstay products are as per the above-mentioned ones at this moment.

 

 

ORGANIZATION STRUCTURE

======================

*Address*

=========

Registered address is the same as the operational address.

 

The quoted address and phone number are the previous ones.

 

 

*Company History*

================

Date                 Development

-----------------------------------------------------------------------------------------------

December 26, 1996 　   Incorporated under the name of “Agri-Net Co., Ltd.”

July 1998　　　　　　   Acquired the exclusive sales right for SKM Egg Products Export

(India) Ltd.

January 1999　　 　      Renamed as “Belovo Japan Co., Ltd.”

June 2008　　　　　　  SKM business part was separated and became independent from

Belovo Japan.

July 2008　　　　　　   Following the above, the subject was renamed as the current “Ovo

Japan Co., Ltd.”

March 1, 2009               Relocated to the current address from the following:

                        1-8-4, Hatagaya, Shibuya-ku, Tokyo

 

 

TRADE REFERENCES

================

*Suppliers*

==========

SKM Egg Products Export(India) Ltd.

Palvivale Ltd.

Eurovo Ltd.

Rembrandt Co., Ltd.

OVO Brand Ltd.

 

 

*Customers*

==========

Organo Food Tech Co., Ltd.

Maruzen Pharma Industry Co., Ltd.

Kyowa Hakko Kirin Co., Ltd.

MC Food Specialties Ltd.

Oriental Enzyme Industries Co., Ltd.

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.89

UK Pound

1

Rs.96.83

Euro

1

Rs.76.57

 

 

INFORMATION DETAILS

 

Analysis Done by :

 

 

 

Report Prepared by :

TPT

 

 

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.