MIRA INFORM REPORT

 

 

Report No. :

353204

Report Date :

10.12.2015

 

IDENTIFICATION DETAILS

 

Name :

AVELCO CO LTD (1)

 

 

Registered Office :

3-3-3 Shikahama, Adachi-ku, Tokyo 1230864

 

 

Country :

Japan

 

 

Financials (as on) :

September, 2014

 

 

Date of Incorporation :

02.04.2013

 

 

Legal Form :

Private Company with Limited Liability

 

 

Line of Business :

Service Provider of Construction & Construction Materials

 

 

Employees :

590

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD $10,000,000  

Status :

Satisfactory

Payment Behaviour :

Slow but correct

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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Japan

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

JAPAN - ECONOMIC OVERVIEW

 

In the years following World War II, government-industry cooperation, a strong work ethic, mastery of high technology, and a comparatively small defense allocation (1% of GDP) helped Japan develop an advanced economy. Two notable characteristics of the post-war economy were the close interlocking structures of manufacturers, suppliers, and distributors, known as keiretsu, and the guarantee of lifetime employment for a substantial portion of the urban labor force. Both features are now eroding under the dual pressures of global competition and domestic demographic change. Scarce in many natural resources, Japan has long been dependent on imported raw materials. Since the complete shutdown of Japan’s nuclear reactors after the earthquake and tsunami disaster in 2011, Japan's industrial sector has become even more dependent than it was previously on imported fossil fuels. A small agricultural sector is highly subsidized and protected, with crop yields among the highest in the world. While self-sufficient in rice production, Japan imports about 60% of its food on a caloric basis. For three decades, overall real economic growth had been impressive - a 10% average in the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth slowed markedly in the 1990s, averaging just 1.7%, largely because of the aftereffects of inefficient investment and an asset price bubble in the late 1980s that required a protracted period of time for firms to reduce excess debt, capital, and labor. Modest economic growth continued after 2000, but the economy has fallen into recession four times since 2008. Government stimulus spending helped the economy recover in late 2009 and 2010, but the economy contracted again in 2011 as the massive 9.0 magnitude earthquake and the ensuing tsunami in March of that year disrupted manufacturing. The economy has largely recovered in the four years since the disaster, although reconstruction in the affected Tohoku region has lagged, in part due to a shortage of labor in the construction sector. Japan enjoyed a sharp uptick in growth in 2013 on the basis of Prime Minister Shinzo Abe’s “Three Arrows” economic revitalization agenda - dubbed “Abenomics” - of monetary easing, “flexible” fiscal policy, and structural reform. Abe’s government has replaced the preceding administration’s plan to phase out nuclear power with a new policy of seeking to restart nuclear power plants that meet strict new safety standards, and emphasizing nuclear energy’s importance as a base-load electricity source. Japan joined the Trans-Pacific Partnership (TPP) negotiations in 2013, a pact that would open Japan's economy to increased foreign competition and create new export opportunities for Japanese businesses. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2014 stood as the fourth-largest economy in the world after first-place China, which surpassed Japan in 2001, and third-place India, which edged out Japan in 2012. While seeking to stimulate and reform the economy, the government must also devise a strategy for reining in Japan's huge government debt, which amounts to more than 230% of GDP. To help raise government revenue, Japan adopted legislation in 2012 to gradually raise the consumption tax rate to 10% by 2015, beginning with a hike from 5% to 8% implemented in April 2014. That increase had a contractionary effect on GDP, however, so PM Abe in late 2014 decided to postpone the final phase of the increase until April 2017 to give the economy more time to recover. Led by the Bank of Japan’s aggressive monetary easing, Japan is making progress in ending deflation, but demographics - low birthrate and an aging, shrinking population - pose major long-term challenges for the economy.

Source : CIA

 

Company Details

 

 

Country

:

Japan

Business Entity Name

:

AVELCO CO LTD (1)

Operating Address

:

3-3-3 Shikahama, Adachi-ku, Tokyo 1230864

Tel

:

[+81] 3-38533391

Fax

:

[+81] 3-38533460

Website

:

http://www.avelco.co.jp

Primary Business Activity

:

Service

Primary Industry

:

Construction & Construction Materials

 

 

 

 

Key Facts

 

Registered Legal Address

:

3-3-3 Shikahama, Adachi-ku, Tokyo 1230864

Name History

:

Business Entity Name

Effective Date

AVELCO PREPARE SPLIT CO LTD

2 Apr, 2013

AVELCO CO LTD

1 Oct, 2013

License Number

:

0118-01-027376

Date of Registration

:

2 Apr, 2013

Issuing Authority

:

Legal Affairs Bureau, Ministry of Justice - National

Legal Form - Category

:

Private Company with Limited Liability

Legal Form

:

Company Limited

Legal Form - Abbreviation

:

CO LTD

License Status

:

License exists - Normal.

Operational Status of Business

:

Normal

Employees

:

590

Capital

:

n/a (2)

 

Note:

(1) Legal status of the English corporate name
The English name of the Subject Business Entity (SBE) is a randomly selected translation / transliteration made by the owners of the SBE. It is not a registered English corporate name, but simply a translation / transliteration of the local language name.

 

(2) Not applicable.
Based on the current corporate laws of Japan there is no longer a requirement for Authorized Capital.

 

 

 

 

 

 

 

 

 

Adverse Data

 

 Results

:

Total of  0  record found.

 

 

 

 

Financials - Summary  (Currency: USD - US Dollar)

Year

Turnover

Assets

Net Income

2014 Annual  

394,362,978

138,335,150

7,554,391

 

 

 

 

 

Key Person

 

Legal Title

:

Chairman

Name

:

Mr. Koichi Okamoto

Registered Address

:

2-8-23 Angyodewa, Kawaguchi-shi, Saitama 3340052

Nationality

:

Japanese

 

 

 

 

Primary Products

 

Products / Materials / Services Description

Activity

Construction contractors

Service

Housing construction

Service

 

 

    

 

Recommended Credit Limit - Trade Finance

 

 

Maximum Recommended Credit

:

USD $10,000,000  based on  90 days

 

 

Fullcheck Report Details

 

 

 

 

 

 

 

Country

:

Japan

Business Entity Name

:

AVELCO CO LTD

Primary Business Activity

:

Service

Primary Industry

:

Construction & Construction Materials

Office Contact Details

Operating Address

:

3-3-3 Shikahama, Adachi-ku, Tokyo 1230864

Tel

:

[+81] 3-38533391

Fax

:

[+81] 3-38533460

Website Details

Website

:

http://www.avelco.co.jp

Status

:

Normal - operational

Country of Registration

:

Japan

Ownership Type

:

Registered ownership by Subject Business Entity

 

 

 

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

 

 

 

Product/Service Description

Code

Activity

Construction Materials, NEC

5039

Trading

Heavy Construction, NEC

1629

Service

 

 

 

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

 

 

 

Product/Service Description

Code

Activity

Bricks, blocks, tiles & other ceramic goods slcs earth

6901

Trading

Heavy construction

9818

Service

 

 

 

 

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

 

 

 

Products / Materials / Services Description

Ranking

Activity

Construction materials

Secondary

Trading

 

 

 

 

CORE BUSINESS DESCRIPTION

 

 

 

Core Business

 

The primary business focus of AVELCO CO LTD is Specialized professional services, including:

·         Construction contractors


Key service include :

·         Housing construction

 

 

 

Supplementary Business

 

In addition to the core business, AVELCO CO LTD also is engaged in the following areas of business:

1.     Trading

·         Trading - Finished products

 

 

 

 

DOMESTIC SALES & PURCHASES

 

 

 

Annual Sales Analysis

Percentage

Domestic Sales

100%

http://www.global-creditreports.com/image/pie/Domestic_Sales_100.png

 

 

 

Annual Purchases Analysis

Percentage

Local Purchases

100%

http://www.global-creditreports.com/image/pie/Domestic_Sales_100.png

 

 

 

 

DIRECT / INDIRECT CORPORATE PARENT DETAILS

 

 

 

Direct Corporate Parent

:

AINAVO HOLDINGS CO LTD

Global Identifier

:

P3340326

Legal Form Category

:

Private Company with Limited Liability

Country

:

Japan

Operational Address

:

3-3-3 Shikahama Adachi-ku Tokyo 1230864

 

 

 

COMPANY MANAGEMENT

 

 

 

 

Management Listings

 

 

Name

Nationality

Job Description

Dept. / Division

1

Mr. Kazunari Abe

Japanese

Director

Business Line

2

Mr. Akira Funahashi

Japanese

Director

Business Line

3

Mr. Koichi Okamoto

Japanese

President

-

4

Mr. Kazuo Sato

Japanese

Auditor

-

5

Mr. Masashi Takahashi

Japanese

Director

Business Line

 

 

 

Management Details - 1

Personal Unique Identifier

:

MI01285486

Name

:

Mr. Kazunari Abe

 

 

Management Details - 2

Personal Unique Identifier

:

MI03931081

Name

:

Mr. Akira Funahashi

 

 

Management Details - 3

Personal Unique Identifier

:

MI03931082

Name

:

Mr. Koichi Okamoto

Date of Birth

:

4 Jun, 1953

Registered address

:

2-8-23 Angyodewa Kawaguchi-shi Saitama 3340052

Country of Residence

:

Japan

Date of appointment

:

2 Apr, 2013

 

 

Management Details - 4

Personal Unique Identifier

:

MI03931083

Name

:

Mr. Kazuo Sato

 

 

Management Details - 5

Personal Unique Identifier

:

MI03931084

Name

:

Mr. Masashi Takahashi

 

      

 

FINANCIALS - SUMMARY (Currency: USD - US Dollar)

 

 

Year

Turnover

Assets

Net Income

2003 Annual

347,972,477

201,449,541

5,238,532

 

 

 

 

CAPITAL (Currency: JPY - Japanese Yen)

 

Share Value

:

¥ 50,000

No. of Authorized Shares

:

4,000

Paid-up Capital

:

¥ 50,000,000

 

 

 

 

FINANCIAL STATEMENT - DETAILED

 

Balance Sheet

Currency

:

JPY

Denomination

:

1

Financial Year Ending

:

September

Financial Highlights

2014 Annual

Share Capital(*)

50,000,000

Total Liabilities(*)

10,672,753,000

Assets 

Current Assets(*)

15,293,928,000

Total Assets(*)

16,399,632,000

Non Current Assets(*)

1,105,704,000

Liabilities 

Non Current Liabilities(*)

750,385,000

Current Liabilities(*)

9,922,368,000

Shareholders Funds(*)

5,726,879,000

 

Current Assets

15,293,928,000

Fixed Assets

1,105,704,000

Total assets

16,399,632,000

Current Liabilities

9,922,368,000

Fixed Liabilities

750,385,000

Paid in Capital

50,000,000

Retained Earnings(Loss)

5,676,879,000

Total Shareholders' Equity

5,726,879,000

Total Liabilities and Net Assets

16,399,632,000

Note: (*)

Financial Highlights

 

Income Statement

Currency

:

JPY

Denomination

:

1

Financial Year Ending

:

September

Financial Highlights

2014 Annual

Turnover(*)

46,751,731,000

Profit After Tax attributable to Shareholders(*)

895,573,000

 

Turnover

46,751,731,000

Profit After Tax attributable to Shareholders

895,573,000

Note: (*)

Financial Highlights

 

Financial Ratios

Financial Highlights

2014 Annual

Profitability 

Profit Margin (%)

1.92

Return on Equity (%)

15.64

Return on Assets (%)

5.46

Leverage 

Total Debt Equity (Times)

1.86

Current Debt Equity (Times)

1.73

Long Term Debt to Equity

0.13

Total Asset To Total Equity

2.86

Asset Management 

Total Assets Turnover (Times)

2.85

Fixed Assets Turnover (Times)

42.28

Liquidity 

Current Ratio

1.54

 

 

 

 

OTHER LICENSES

 

 

 

Issuing Authority

:

Ministry of Land, Infrastructure & Transport (MLIT)

License Name

:

Construction License

License Number

:

25107

 

 

 

 

 

REPUTATION

 

 

 

Reference checking for the purpose of establishing AVELCO CO LTD's reputation within the respective industry failed to reveal any adverse information.

 

 

 

 

NEGA-SCAN - ADVERSE DATA MONITORING

 

 

 

 

DISHONORED CHECKS

 

No Record Found

 

http://www.asiancredit.com/Manage/Image/space.gif

 

DEBT

 

No Record Found

 

http://www.asiancredit.com/Manage/Image/space.gif

 

CIVIL LITIGATION

 

No Record Found

 

http://www.asiancredit.com/Manage/Image/space.gif

 

PERFORMANCE DEFAULTS

 

No Record Found

 

http://www.asiancredit.com/Manage/Image/space.gif

 

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

No Record Found

 

http://www.asiancredit.com/Manage/Image/space.gif

 

 

 

 

PAYMENT TERMS

 

 

 

Selling

 

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~60 days

 

 

 

Purchasing

 

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~60 days

 

 

 

 

BANK DETAILS

 

 

 

Bank Name

:

BANK OF TOKYO-MITSUBISHI UFJ LTD, THE

Global Identifier

:

P0006866

Branch

:

Chiyoda-ku,Tokyo

Branch Address

:

Chiyoda-kuTokyo

SWIFT Code

:

BOTKJPJT

 

Bank Name

:

MIZUHO BANK LTD

Global Identifier

:

P0217434

Branch

:

Chiyoda-ku,Tokyo

Branch Address

:

Chiyoda-kuTokyo

SWIFT Code

:

MHCBJPJT

 

Bank Name

:

SUMITOMO MITSUI BANKING CORP

Global Identifier

:

P0173197

Branch

:

Chiyoda-ku,Tokyo

Branch Address

:

SUMITOMO MITSUI BANKING CORP, AKABANE

SWIFT Code

:

SMBCJPJT

 

Bank Name

:

SUMITOMO MITSUI TRUST BANK LTD , THE

Global Identifier

:

P2082058

Branch

:

Chiyoda-ku,Tokyo

Branch Address

:

SUMITOMO MITSUI TRUST BANK LTD , THE - CHUO-KU, TOKYO

SWIFT Code

:

This bank does not have a SWIFT Code

 

Bank Name

:

TOKYO TOMIN BANK LTD, THE

Global Identifier

:

P0325362

Branch

:

Minato-ku,Tokyo

Branch Address

:

Minato-kuTokyo

SWIFT Code

:

TOMIJPJT

 

 

 

 

LOCAL BRANCHES & MANAGEMENT

 

 

 

Branch

:

AVELCO CO LTD - CHOFU-SHI, TOKYO

Branch Address

:

5-57-2 Shindaiji-minami-machi, Chofu-shi, Tokyo 1820013

Branch Tel

:

81-42-4805311

Primary use of location

:

#1. Office administration

 

Branch

:

AVELCO CO LTD - SEYA-KU, YOKOHAMA-SHI

Branch Address

:

37-12 Kita-machi, Seya-ku, Yokohama-shi, Kanagawa 2460002

Primary use of location

:

#1. Office administration

 

Branch

:

AVELCO CO LTD - CHUO-KU, OSAKA-SHI

Branch Address

:

4-11-20 Minami-Senba, Chuo-ku, Osaka-shi, Osaka 5420081

Branch Tel

:

81-6-62454516

Primary use of location

:

#1. Office administration

 

Branch

:

AVELCO CO LTD - ADACHI-KU, TOKYO

Branch Address

:

4-10-4 Shikahama, Adachi-ku, Tokyo 1230864

Branch Tel

:

81-3-38536651

Primary use of location

:

#1. Office administration

 

Branch

:

AVELCO CO LTD - KORIYAMA-SHI, FUKUSHIMA

Branch Address

:

22-425 Ayamaike Kikuta-machi, Koriyama-shi, Fukushima 9630551

Branch Tel

:

81-24-9631071

Primary use of location

:

#1. Office administration

 

Branch

:

AVELCO CO LTD - HANAMIGAWA-KU, CHIBA-SHI

Branch Address

:

28 Sanakaku-machi, Hanamigawa-ku, Chiba-shi, Chiba 2620011

Branch Tel

:

81-43-2509281

Primary use of location

:

#1. Office administration

 

Branch

:

AVELCO CO LTD - SEYA-KU, YOKOHAMA-SHI

Branch Address

:

33-11 Meguro-machi, Seya-ku, Yokohama-shi, Kanagawa 2080023

Branch Tel

:

81-42-5690461

Primary use of location

:

#1. Office administration

 

Branch

:

AVELCO CO LTD - MUSASHIMURAYAMA-SHI, TOKYO

Branch Address

:

1-23-2 Inadaira, Musashimurayama-shi, Tokyo 2080023

Branch Tel

:

81-42-5690461

Primary use of location

:

#1. Office administration

 

Branch

:

AVELCO CO LTD - MINATO-KU, TOKYO

Branch Address

:

3-16-33 Roppongi, Minato-ku, Tokyo 1060032

Branch Tel

:

81-3-55739261

Primary use of location

:

#1. Office administration

 

Branch

:

AVELCO CO LTD - NISHIYODOGAWA-KU, OSAKA-SHI

Branch Address

:

2-15-18 Chibune, Nishiyodogawa-ku, Osaka-shi, Osaka 5550013

Branch Tel

:

81-6-64780261

Primary use of location

:

#1. Office administration

 

Branch

:

AVELCO CO LTD - UTSUNOMIYA-SHI, TOCHIGI

Branch Address

:

1-11-15 Yayoi, Utsunomiya-shi, Tochigi 3200837

Branch Tel

:

81-28-6101281

Primary use of location

:

#1. Office administration

 

Branch

:

AVELCO CO LTD - MAEBASHI-SHI, GUMMA

Branch Address

:

1503 Komagata-cho, Maebashi-shi, Gumma 3792122

Branch Tel

:

81-27-2671717

Primary use of location

:

#1. Office administration

 

Branch

:

AVELCO CO LTD - KITA-KU, SAITAMA-SHI

Branch Address

:

2-242-4 Yoshida-cho, Kita-ku, Saitama-shi, Saitama 3310811

Branch Tel

:

81-48-6510661

Primary use of location

:

#1. Office administration

 

Branch

:

AVELCO CO LTD - MITO-SHI, IBARAKI

Branch Address

:

1074-1 Motoyoshida-cho, Mito-shi, Ibaraki 3100836

Branch Tel

:

81-29-2401611

Primary use of location

:

#1. Office administration

 

Branch

:

AVELCO CO LTD - KASHIWA-SHI, CHIBA

Branch Address

:

721-21 Ohaota, Kashiwa-shi, Chiba 2770805

Branch Tel

:

81-4-71316101

Primary use of location

:

#1. Office administration

 

 

 

 

RELATED PARTIES (Subsidiaries , Joint-ventures & Affiliates)

 

 

 

The following provides a summary of the number of businesses that are related to AVELCO CO LTD:

 

 

TYPE

DOMESTIC

INTERNATIONAL

TOTAL

Africa

Asia / Pacific

Europe

Middle-East

North America

South America

TOTAL

Subsidiaries

-

-

-

-

-

-

-

-

Joint-Ventures

-

-

-

-

-

-

-

-

Minority shareholdings

-

-

-

-

-

-

-

-

Affiliates

2

-

1

-

-

-

-

1

Liaison / Representative Offices

-

-

-

-

-

-

-

-

 

 

Domestic

 

 

Business Entity Name

:

INTEL GROW CORP

Global Identifier

:

P0431667

Country

:

Japan

Relationship

:

Affiliate

Relationship Details

:

Strategic alliance

Operational Address

:

Myodaijicho Oiri 1-56, Okazaki-shi, Aichi 4440865

Industry

:

Not Applicable

 

 

Business Entity Name

:

ONCHO GIKEN CO LTD

Global Identifier

:

P3340422

Country

:

Japan

Relationship

:

Affiliate

Relationship Details

:

Strategic alliance

 

 

 

International

 

 

Business Entity Name

:

AVELCO VIETNAM CO LTD

Global Identifier

:

P3340423

Country

:

Vietnam

Relationship

:

Affiliate

Relationship Details

:

Strategic alliance

 

 

 

 

 

SHAREHOLDERS

 

 

Total number of shareholders

:

1

Total number of shares

:

1,000

 

Currency

:

JPY - Japanese Yen

 

No.

Shareholders

Country

Shares

Number

Amount (JPY)

%

1

AINAVO HOLDINGS CO LTD

Japan

1,000

50,000,000

100.00

Total

1,000

50,000,000

100.00

 

Today's Exchange rate

:

1.00 JPY
Japanese Yen

=

0.008293 USD
United States Dollars

 

Based on corporate statutory laws / regulations in Japan, there is no requirement for public disclosure of Shareholders. In this case, the Shareholders information was supplied by the Subject Business Entity.
However in the absence of data normally obtained from local Statutory Authorities, it is not possible to verify the accuracy of data supplied and hence is provided as reference ONLY.

 

      

 

 COMPANY DIRECTORS

 

 

1

 

 

Personal Unique Identifier

:

MI03931081

Name

:

Mr. Akira Funahashi

Name in local language

:

船橋朗

 

2

 

 

Personal Unique Identifier

:

MI01285486

Name

:

Mr. Kazunari Abe

Name in local language

:

阿部一成

 

3

 

 

Personal Unique Identifier

:

MI03931083

Name

:

Mr. Kazuo Sato

Name in local language

:

佐藤和男

 

4

 

 

Personal Unique Identifier

:

MI03931082

Name

:

Mr. Koichi Okamoto

Name in local language

:

岡本孝一

Date of Birth

:

4 Jun, 1953

Registered Address

:

2-8-23 Angyodewa ,Kawaguchi-shi ,Saitama 3340052

Country of Residence

:

Japan

Date of Appointment

:

2 Apr, 2013

 

5

 

 

Personal Unique Identifier

:

MI03931084

Name

:

Mr. Masashi Takahashi

Name in local language

:

髙橋正志

 

 

 

 

DOMESTIC SUPPLIERS

 

Business Entity Name

Global Identifier

ADVAN CO LTD

P0193316

LIXIL GROUP CORP

P3340424

NICE CO LTD

P2844271

NITTAI CO LTD

P0375784

TOTO LTD

P0070609

TOTO-EXCERA CO LTD

P2948686

MAPPING OF DOMESTIC SUPPLIERS

Legend

 

 

 

 

DOMESTIC CUSTOMERS

 

Business Entity Name

Global Identifier

DAIWA HOUSE INDUSTRY CO LTD

P0068805

EIDAI PLANNING LTD

P0601932

GINOUS INC

P0455963

HASEC INC

P0444768

HASEKO CORP

P0068892

KONOIKE CONSTRUCTION CO LTD

P0007746

MITSUI HOME CO LTD

P0069752

OBAYASHI CORP

P0007052

PANAHOME CORP

P0399422

SUNREFRE HOLDINGS CO LTD

P1199753

WELLS HOME CO LTD

P3041567

MAPPING OF DOMESTIC CUSTOMERS

Legend

 

 

 

 

OFFICE & FACILITIES

 

The following information relates to the Business Entity's office as listed above:

 

Name

:

AVELCO CO LTD - ADACHI-KU, TOKYO

Primary Use

:

Office & Administration facilities

Address

:

3-3-3 Shikahama, Adachi-ku, Tokyo 1230864

Country

:

Japan

Status

:

Operational

 

 

 

 

COMPANY HISTORY

 

 

 

Date

Details

2013 - Oct

Took over the business assets of AINABO HOLDINGS CO LTD.

 

 

 

 

MERGER

 

 

 

Merger ( 1 )

 

Date of Merger

:

18 Nov, 2015

Circumstances Involved

:

Amicable merger

 

Parties Involved

 

Business Entity Name

Country

LIFE METALLIC CO LTD

Japan

TOKYO SASH HANBAI CO LTD

Japan

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.75

UK Pound

1

Rs.100.29

Euro

1

Rs.72.89

JPY

1

Rs.0.55

Note : Above are approximate rates obtained from sources believed to be correct

 

INFORMATION DETAILS

 

Analysis Done by :

KAS

 

 

Report Prepared by :

SDA

 

 

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

 

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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.