MIRA INFORM REPORT

Report Date :

24.12.2014

IDENTIFICATION DETAILS

Name :	AUTO JOHN BULL CO., LTD.

Registered Office :	1-8 10-Jo Doori 19-Chome, Asahikawa-Shi, Hokkaido-Ken 078-8220

Country :	New Zealand

Date of Incorporation :	June, 1987

Legal Form :	Joint Stock Company

Line of Business :	Sales of New and Used Motorcycles.

No. of Employees :	5 (Estimated)

RATING & COMMENTS

MIRA’s Rating :

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

Maximum Credit Limit :	USD 15,000

Status :	Moderate

Payment Behaviour :	Unknown

Litigation :	Clear

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 – September 30, 2014

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

New Zealand

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

NEW ZEALAND - ECONOMIC OVERVIEW

Over the past 20 years the government has transformed New Zealand from an agrarian economy dependent on concessionary British market access to a more industrialized, free market economy that can compete globally. This dynamic growth has boosted real incomes - but left behind some at the bottom of the ladder - and broadened and deepened the technological capabilities of the industrial sector. Per capita income rose for ten consecutive years until 2007 in purchasing power parity terms, but fell in 2008-09. Debt-driven consumer spending drove robust growth in the first half of the decade, helping fuel a large balance of payments deficit that posed a challenge for economic managers. Inflationary pressures caused the central bank to raise its key rate steadily from January 2004 until it was among the highest in the OECD in 2007-08; international capital inflows attracted to the high rates further strengthened the currency and housing market, however, aggravating the current account deficit. The economy fell into recession before the start of the global financial crisis and contracted for five consecutive quarters in 2008-09. In line with global peers, the central bank cut interest rates aggressively and the government developed fiscal stimulus measures. The economy pulled out of recession late in 2009, and achieved 2-3% per year growth in 2010-13. Nevertheless, key trade sectors remain vulnerable to weak external demand. The government plans to raise productivity growth and develop infrastructure, while reining in government spending.

Source : CIA

IDENTIFICATION

Verified
Subject name:	AUTO JOHN BULL CO., LTD.
Other style:	OTOJONBURU KK
Address:	1-8 10-jo Doori 19-chome
Town:	Asahikawa-shi
State/province:	Hokkaido-ken
Zip/postal code:	078-8220
Country:	Japan
Telephone:	+81 (166) 325155
Fax:	+81 (166) 324511
Email:	info@autojohnbull.co.jp
Website:	www.autojohnbull.co.jp

EXECUTIVE SUMMARY

Date registered:	June 1987
Legal form:	Joint Stock Company
Authorised capital:	JPY 10,000,000
Main activities:	Sales of new and used motorcycles.
Employees:	5 (estimated)

CREDIT RISK RATING

Credit Limit

Recommended limit:

USD 15,000

REGISTRY DATA

Key Facts
Date registered:	June 1987
Legal form:	Joint Stock Company
Registry auth.	Japan Register of Companies
Registry status:	Live/Active

LEGAL FILINGS

Bankruptcy filings:	None
Court judgements:	None
Tax liens:	None
Other:	None

MANAGEMENT & STAFF

Key Managers
Name:	Jun Yakuramaki
Job title:	Chief Executive Officer

Staff
No of employees	5 (estimated)

BOARD OF DIRECTORS / OTHER APPOINTMENTS

Appointments
Name:	Jun Yakuramaki
Board function:	President
Address:	Japan

SHARE CAPITAL

Composition
Authorised:	JPY 10,000,000

Shareholders/Owners


How Listed	Major Shareholders only / Full List

Composition
Name:	Jun Yakuramaki
Address:	Japan

CORPORATE AFFILIATIONS

Comments

None reported.

BANKING & FINANCING

Bankers
Bank name:	BANK OF TOKYO-MITSUBISHI UFJ
Address:	Japan
Relationship type:	Current Account

Comments	It is generally not the policy of local banks to provide credit status information to non-bona fide applications, and interested parties would be advised to consult first with the Subject if banker's references are required.

FINANCIAL ACCOUNTS

Description
Required to file:	No
Source:	N/A

Comments	The Subject's financial statements were not available in the course of our investigation and respondents contacted at the Company were not prepared to release such documents.

OPERATIONS & HISTORY

Activities
Full description:	The Subject is engaged in sales and repair of new and used motorcycles and light vehicles, and spare parts. The company is a distributor of Harley Davidson's motorcycle.

Sales
Export:	The Company does not export.

PROPERTY & ASSETS

Premises

The Subject's head office is located at the heading address.

PAYMENTS

Purchase Terms
Local:	Cash Credits 14-30 days
Imports:	L/Cs Credits 30 days net

Sales Terms
Local:	Cash Credits 14-30 days

Debt Collections/ Judgements	No negative information was found.

Payment Experience
Payment behaviour:	As trade references were not supplied, the Subject's payment track record history CANNOT BE ACCURATELY DETERMINED.

INVESTIGATIVE NOTES

Sources:

Interviews and material provided by the Subject

Other official and local business sources

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.45
UK Pound	1	Rs.98.88
Euro	1	Rs.77.62

INFORMATION DETAILS

Analysis Done by :	KAR

Report Prepared by :	NIT

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.