MIRA INFORM REPORT

 

 

Report No. :

350934

Report Date :

28..11.2015

 

 

IDENTIFICATION DETAILS

 

Name :

ASJ INC 

 

 

Registered Office :

3-2-16 Sakaecho, Saitama-shi, Saitama 3320017

 

 

Country :

Japan

 

 

Financials (as on) :

2015

 

 

Date of Incorporation :

15.02.1984

 

 

Legal Form :

Public Listed Company

 

 

Line of Business :

·         Providing of Computer & Information Products

 

·         The primary business focus of subject is Specialized professional services, including: Network security

 

 

No. of Employee :

63

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD $500,000  

 

 

Status :

Moderate

 

 

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

 

Global Identifier

:

P0504836

Country

:

Japan

Business Entity Name

:

ASJ INC (1)

Operating Address

:

3-2-16 Sakaecho, Saitama-shi, Saitama 3320017

Tel

:

[+81] 48-2595111

Fax

:

[+81] 48-2593700

Website

:

http://www.asj.ad.jp

Primary Business Activity

:

Service

Primary Industry

:

Computer & Information Products

 

 

Key Facts

 

Registered Legal Address

:

3-2-16 Sakaecho, Saitama-shi, Saitama 3320017

Name History

:

Business Entity Name

Effective Date

ADMIRAL SYSTEM INC

15 Feb, 1984

ASJ INC

1 Dec, 2009

License Number

:

0300-01-073593

Date of Registration

:

15 Feb, 1984

Issuing Authority

:

Legal Affairs Bureau, Ministry of Justice - National

Legal Form - Category

:

Public Listed Company

Legal Form

:

Incorporated

Legal Form - Abbreviation

:

INC

License Status

:

License exists - Normal.

Operational Status of Business

:

Normal

Employees

:

63

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

2013 Annual  

12,815,838

27,982,748

230,464

2014 Annual  

11,519,924

23,795,158

-803,340

2015 Annual  

10,042,566

23,139,572

-328,045

Sales Trend - Analysis

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

-

-

-

-

-

Description: http://www.asiancredit.com/Manage/image/up_arrow_04.gif

Description: http://www.asiancredit.com/Manage/image/down_arrow_04.gif

Description: http://www.asiancredit.com/Manage/image/down_arrow_04.gif

Description: http://www.asiancredit.com/Manage/image/down_arrow_04.gif

Description: http://www.asiancredit.com/Manage/image/down_arrow_04.gif

 

 

Recommended Credit Limit - Trade Finance

 

Maximum Recommended Credit

:

USD $500,000  based on  90 days

 

 

Key Person

 

Legal Title

:

Chairman

Name

:

Mr. Haruaki Maruyama

Nationality

:

Japanese

 

 

Primary Products

 

Products / Materials / Services Description

Activity

Internet services

Service

Network security

Service

Server hosting

Service

 

 

 

 

Commercial Credit Inquiries

 

Date of Inquiry

Industry
in which Inquirer Operates

Credit Type
(* / **)

Credit Amount

Period

24 Nov, 2015

Professional Services

MRC

USD 500,000

90 days

 

Note:

*

MRC

:

Max. Recommended Credit amount

**

ISC

:

Inquirer Specified Credit amount

 

 

Fullcheck Report Details

 

Country

:

Japan

Business Entity Name

:

ASJ INC

Primary Business Activity

:

Service

Primary Industry

:

Computer & Information Products

Office Contact Details

Operating Address

:

3-2-16 Sakaecho, Saitama-shi, Saitama 3320017

Tel

:

[+81] 48-2595111

Fax

:

[+81] 48-2593700

Website Details

Website

:

http://www.asj.ad.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

Computer Related Svcs, NEC

7379

Service

Services, NEC

8900

Service

 

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

 

Product/Service Description

Code

Activity

Business services, health, financial/insur. legal/real estate, hotels, and misc repairs

9900

Service

Computer related services, nec

9923

Service

CORE BUSINESS DESCRIPTION

 

Core Business

The primary business focus of ASJ INC is Specialized professional services, including:

·         Network security


Key services include :

·         Internet services

·         Server hosting


An integral part of the core business includes:

·         Consumer services

 

 

STOCK EXCHANGE LISTING DETAILS

 

Country

:

Japan

Name of Stock Exchange

:

Name

Acronym

TOKYO STOCK EXCHANGE

TSE

Stock Symbol / No.

:

2351

Date of listing

:

Jan, 2003

 

 

COMPANY MANAGEMENT

 

Management Listings

 

Name

Nationality

Job Description

Dept. / Division

1

Mr. Kunihiro Aoki

Japanese

Senior Managing Director

-

2

Mr. Satoshi Fujiwara

Japanese

Director

Administration

3

Mr. Toshihide Hoshi

Japanese

General Manager

R&D

4

Mr. Haruaki Maruyama

Japanese

Authorized representative

-

5

Mr. Taketomo Nii

Japanese

General Manager

Corporate Services

6

Mr. Yoshiaki Numaguchi

Japanese

Senior Managing Director

-

7

Mr. Koichi Tamura

Japanese

Director

Administration

8

Mr. Hiroyuki Tashiro

Japanese

Division Head

-

9

Mr. Takashi Yasunaga

Japanese

Director

Administration

 

 

Management Details - 1

Personal Unique Identifier

:

MI03926468

Name

:

Mr. Kunihiro Aoki

Name in local language

:

青木邦哲

 

Management Details - 2

Personal Unique Identifier

:

MI03926470

Name

:

Mr. Satoshi Fujiwara

Name in local language

:

藤原哲

 

Management Details - 3

Personal Unique Identifier

:

MI03926473

Name

:

Mr. Toshihide Hoshi

Name in local language

:

星俊秀



Management Details - 3

Personal Unique Identifier

:

MI03926473

Name

:

Mr. Toshihide Hoshi

Name in local language

:

星俊秀

 

Management Details - 3

Personal Unique Identifier

:

MI03926473

Name

:

Mr. Toshihide Hoshi

Name in local language

:

星俊秀

 

 

Management Details - 4

Personal Unique Identifier

:

MI03926465

Name

:

Mr. Haruaki Maruyama

Name in local language

:

丸山治昭

 

Management Details - 5

Personal Unique Identifier

:

MI03926475

Name

:

Mr. Taketomo Nii

Name in local language

:

仁井健友

 

Management Details - 6

Personal Unique Identifier

:

MI03926476

Name

:

Mr. Yoshiaki Numaguchi

Name in local language

:

沼口芳朗

 

Management Details - 7

Personal Unique Identifier

:

MI03926458

Name

:

Mr. Koichi Tamura

Name in local language

:

田村公一

 

Management Details - 8

Personal Unique Identifier

:

MI03926459

Name

:

Mr. Hiroyuki Tashiro

Name in local language

:

田代博之

 

Management Details - 9

Personal Unique Identifier

:

MI03926478

Name

:

Mr. Takashi Yasunaga

Name in local language

:

安永嵩

 

 

FINANCIALS - SUMMARY 

 

(Currency: USD - US Dollar)

 

Year

Turnover

Assets

Net Income

2010 Annual

14,716,038

34,396,952

214,311

2011 Annual

17,260,666

37,083,767

520,291

2012 Annual

15,458,260

33,438,412

525,394

 

 

CAPITAL 

 

(Currency: JPY - Japanese Yen)

 

No. of Authorized Shares

:

2,640,000,000

Paid-up Capital

:

¥ 919,250,000

 

Date

Paid-up Capital - History

1998

34,000,000

1999

70,000,000

2000

145,000,000

2001

195,000,000

2002

272,500,000

2003

319,250,000

28 Dec, 2005

919,250,000

 

 

FINANCIAL STATEMENT – DETAILED

 

Balance Sheet

Currency

:

JPY

Denomination

:

1

Financial Year Ending

:

March

Financial Highlights

2013 Annual

2014 Annual

2015 Annual

Total Liabilities(*)

673,325,000

716,799,000

734,788,000

Assets 

Current Assets(*)

1,112,082,000

1,087,605,000

1,082,240,000

Total Assets(*)

2,909,926,000

2,820,916,000

2,790,401,000

Non Current Assets(*)

1,797,844,000

1,733,311,000

1,708,161,000

Liabilities 

Non Current Liabilities(*)

6,170,000

5,760,000

5,311,000

Current Liabilities(*)

667,155,000

711,039,000

729,477,000

Shareholders Funds(*)

2,236,601,000

2,104,117,000

2,055,613,000

 

Cash & Equivalents

832,667,000

853,345,000

822,352,000

Accounts Receivable

24,870,000

26,289,000

26,391,000

Securities Marketable

100,135,000

-

10,341,000

Inventories

28,929,000

41,461,000

29,562,000

Deferred Tax Assets

5,761,000

1,749,000

268,000

Accrued Income

106,691,000

157,462,000

186,831,000

I. Subtotal

1,099,053,000

1,080,306,000

1,075,745,000

Other Assets

13,029,000

7,299,000

6,495,000

Total Current Assets

1,112,082,000

1,087,605,000

1,082,240,000

Tangible Fixed Assets

1,284,112,000

1,398,216,000

1,374,122,000

Intangible Fixed Assets

377,830,000

198,441,000

196,321,000

II. Subtotal

1,661,942,000

1,596,657,000

1,570,443,000

Investment & Other Assets

135,902,000

136,654,000

137,718,000

Total Fixed Assets

1,797,844,000

1,733,311,000

1,708,161,000

I. Pretotal

2,909,926,000

2,820,916,000

2,790,401,000

Total Assets

2,909,926,000

2,820,916,000

2,790,401,000

Accounts Payable

42,974,000

52,983,000

44,364,000

Short-term Loans

350,000,000

350,000,000

350,000,000

Outstanding Accounts

-

140,118,000

168,071,000

Outstanding Taxes

12,608,000

12,037,000

7,565,000

III. Subtotal

405,582,000

555,138,000

570,000,000

Other Current Liabilities

261,573,000

155,901,000

159,477,000

Total Current Liabilities

667,155,000

711,039,000

729,477,000

Other Fixed Liabilities

6,170,000

5,760,000

5,311,000

Total Fixed Liabilities

6,170,000

5,760,000

5,311,000

IV. Subtotal

673,325,000

716,799,000

734,788,000

Total Liabilities

673,325,000

716,799,000

734,788,000

Shareholders' Equity

2,239,762,000

2,105,516,000

2,053,252,000

Paid in Capital

919,250,000

919,250,000

919,250,000

Capital Reserves

872,031,000

872,031,000

872,031,000

Retained Earnings(Loss)

825,630,000

717,499,000

665,235,000

Treasury Stock

(377,149,000)

(403,264,000)

(403,264,000)

V. Subtotal

2,239,762,000

2,105,516,000

2,053,252,000

Valuation & Adjustment

(3,161,000)

(1,399,000)

2,361,000

VI. Subtotal

2,236,601,000

2,104,117,000

2,055,613,000

Total Net Assets

2,236,601,000

2,104,117,000

2,055,613,000

II. Pretotal

2,909,926,000

2,820,916,000

2,790,401,000

Total Liabilities & Net Assets

2,909,926,000

2,820,916,000

2,790,401,000

Note: (*)

Financial Highlights

 

Income Statement

Currency

:

JPY

Denomination

:

1

Financial Year Ending

:

March

Financial Highlights

2013 Annual

2014 Annual

2015 Annual

Turnover(*)

1,332,719,000

1,365,687,000

1,211,033,000

Profit (Loss) Before Tax(*)

49,923,000

(78,819,000)

(27,566,000)

Profit After Tax attributable to Shareholders(*)

23,966,000

(95,236,000)

(39,559,000)

 

Net Sales/Revenue

1,332,719,000

1,365,687,000

1,211,033,000

Cost of Goods Sold

682,913,000

731,771,000

643,713,000

Gross Profit

649,806,000

633,916,000

567,320,000

Selling, General & Administrative Expenses

609,596,000

629,813,000

590,890,000

Operating Profit(Loss)

40,210,000

4,103,000

(23,570,000)

Non Operating Income

11,385,000

6,865,000

8,501,000

Non Operating Expenses

3,006,000

2,748,000

2,852,000

Ordinary Profit(Loss)

48,589,000

8,220,000

(17,921,000)

Special Profit

1,334,000

-

-

Special Loss

-

87,039,000

9,645,000

Pretax Profit(Loss)

49,923,000

(78,819,000)

(27,566,000)

Provisions for Taxes

25,957,000

16,417,000

11,993,000

Net Profit(Loss)

23,966,000

(95,236,000)

(39,559,000)

Note: (*)

Financial Highlights

 

Financial Ratios

Financial Highlights

2013 Annual

2014 Annual

2015 Annual

Growth % 

Year-on-Year Growth

0.66

2.47

(11.32)

Profitability 

Profit Margin (%)

1.80

(6.97)

(3.27)

Return on Equity (%)

1.07

(4.53)

(1.92)

Return on Assets (%)

0.82

(3.38)

(1.42)

Leverage 

Total Debt Equity (Times)

0.30

0.34

0.36

Current Debt Equity (Times)

0.30

0.34

0.35

Long Term Debt to Equity

0.00

0.00

0.00

Total Asset To Total Equity

1.30

1.34

1.36

Asset Management 

Total Assets Turnover (Times)

0.46

0.48

0.43

Fixed Assets Turnover (Times)

0.74

0.79

0.71

Liquidity 

Current Ratio

1.67

1.53

1.48

 

 

REPUTATION

 

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

 

 

NEGA-SCAN - ADVERSE DATA MONITORING

 

DISHONORED CHECKS

 

No Record Found

 

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

 

DEBT

 

No Record Found

 

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

 

CIVIL LITIGATION

 

No Record Found

 

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

 

PERFORMANCE DEFAULTS

 

No Record Found

 

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

 

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

No Record Found

 

 

 

BANK DETAILS

 

Bank Name

:

SAITAMA RESONA BANK LTD

Global Identifier

:

P0328178

Branch

:

Saitama-shi

Branch Address

:

SAITAMA RESONA BANK LTD - KAWAGUCHI-SHI, SAITAMA

SWIFT Code

:

SAIBJPJT

 

Bank Name

:

SUMITOMO MITSUI BANKING CORP

Global Identifier

:

P0173197

Branch

:

Chiyoda-ku,Tokyo

Branch Address

:

SUMITOMO MITSUI BANKING CORP, KAWAGUCHI

SWIFT Code

:

SMBCJPJT

 

 

RELATED PARTIES

 

(Subsidiaries , Joint-ventures & Affiliates)

 

The following provides a summary of the number of businesses that are related to ASJ INC:

 

TYPE

DOMESTIC

INTERNATIONAL

TOTAL

Africa

Asia / Pacific

Europe

Middle-East

North America

South America

TOTAL

Subsidiaries

1

-

-

-

-

1

-

1

Joint-Ventures

-

-

-

-

-

-

-

-

Minority shareholdings

-

-

-

-

-

-

-

-

Affiliates

-

-

-

-

-

-

-

-

Liaison / Representative Offices

-

-

-

-

-

-

-

-

 

 

Domestic

 

Business Entity Name

:

ASJ COMMERCE INC

Global Identifier

:

P3334522

Country

:

Japan

Relationship

:

Subsidiary

Relationship Details

:

Strategic alliance

Operational Address

:

3-2-16 Sakae-cho, Kawaguchi-shi, Saitama 3320017

Primary Business Activity

:

Service

Industry

:

Professional Services

 

International

 

Business Entity Name

:

ASUSA CORP

Global Identifier

:

P1200415

Country

:

USA

Relationship

:

Subsidiary

Relationship Details

:

Strategic alliance

Operational Address

:

Suite 160, 530 Center St, Salem, Oregon 97301

Primary Business Activity

:

Service

Industry

:

Internet Portals

 

 

SHAREHOLDERS

 

Total number of shareholders

:

2,509

Total number of shares

:

7,253,500

 

Currency

:

JPY - Japanese Yen

 

No.

Shareholders

Country

Shares

Number

Amount (JPY)

%

1

Mr. Haruaki Maruyama

Japan

3,165,600

401,182,574

43.64

2

Public shareholding traded via Stock Exchange

Japan

2,261,100

286,553,550

31.17

3

ASJ INC (TREASURY STOCK)

n/a

901,300

114,223,482

12.43

4

SUMITOMO MITSUI BANKING CORP

Japan

136,300

17,273,561

1.88

5

EMPLOYEES SHAREHOLDER FUND

Japan

115,300

14,612,191

1.59

6

SAITAMA RESONA BANK LTD

Japan

113,600

14,396,746

1.57

7

Mr. Koichi Tamura

Japan

113,800

14,422,093

1.57

8

Mr. Kunihiro Aoki

Japan

99,000

12,546,460

1.36

9

Mr. Masaaki Hori

Japan

91,100

11,545,278

1.26

10

Mr. Junji Kuroiwa

Japan

89,600

11,355,180

1.23

11

Mr. Norihiro Maruyama

Japan

85,000

10,772,213

1.17

12

Mr. Hiroyuki Tashiro

Japan

81,800

10,366,671

1.13

Total

7,253,500

919,250,000

100.00

 

Today's Exchange rate

:

1.00 JPY
Japanese Yen

=

0.008293 USD
United States Dollars

 

 

COMPANY DIRECTORS

 

1

 

 

Personal Unique Identifier

:

MI03926465

Name

:

Mr. Haruaki Maruyama

 

2

 

 

Personal Unique Identifier

:

MI03926459

Name

:

Mr. Hiroyuki Tashiro

 

3

 

 

Personal Unique Identifier

:

MI03926458

Name

:

Mr. Koichi Tamura

 

4

 

 

Personal Unique Identifier

:

MI03926468

Name

:

Mr. Kunihiro Aoki

 

5

 

 

Personal Unique Identifier

:

MI03926470

Name

:

Mr. Satoshi Fujiwara

 

6

 

 

Personal Unique Identifier

:

MI03926478

Name

:

Mr. Takashi Yasunaga

 

7

 

 

Personal Unique Identifier

:

MI03926475

Name

:

Mr. Taketomo Nii

 

8

 

 

Personal Unique Identifier

:

MI03926473

Name

:

Mr. Toshihide Hoshi

 

9

 

 

Personal Unique Identifier

:

MI03926476

Name

:

Mr. Yoshiaki Numaguchi

 

 

INTERNATIONAL TRADE - Activity & Markets

 

Country / Region

Trading Activity

North America

Importing

USA

Importing

 

OVERSEAS SUPPLIERS

 

Business Entity Name

Global Identifier

Country

ASUSA CORP

P1200415

USA

 

 

DOMESTIC SUPPLIERS

 

Business Entity Name

Global Identifier

JAPAN REGISTRY SERVICES CO LTD

P0239115

NETWORK JAPAN CO LTD

P1011111

SOPHOS CORP

P3334527

VERISIGN JAPAN INC

P0413011

 

 

OFFICE & FACILITIES

 

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

Name

:

ASJ INC - SAITAMA-SHI, SAITAMA

Primary Use

:

Office & Administration facilities

Address

:

3-2-16 Sakaecho, Saitama-shi, Saitama 3320017

Country

:

Japan

Status

:

Operational

 

 

MERGER

 

Merger ( 1 )

 

Date of Merger

:

Aug, 1998

Circumstances Involved

:

Amicable merger

Parties Involved

Business Entity Name

Country

MARUYAMA SHOJI INC

Japan

 

Merger ( 2 )

 

Date of Merger

:

Mar, 2010

Circumstances Involved

:

Amicable merger

Parties Involved

Business Entity Name

Country

SPORTS RATINGS INC

Japan

 

 

ACQUISITION - SBE HAS PURCHASED A BUSINESS ENTITY

 

Acquisition ( 1 )

 

Date of Acquisition

:

Nov, 2004

Circumstances Involved

:

Strategic acquisition

Parties Involved

Business Entity Name

Country

E FUSION INC

Japan

 

Acquisition ( 2 )

 

Date of Acquisition

:

Apr, 2007

Circumstances Involved

:

Strategic acquisition

Parties Involved

Business Entity Name

Country

ASJ COMMERCE INC

Japan

 

 

PREVIOUS CONTACT DETAILS

 

Company Address

:

3-8-7 Saiwai-cho, Kawaguchi-shi, Saitama

Date of Relocation

:

Nov, 1985

 

Company Address

:

1-18-10 Iizuka, Kawaguchi-shi, Saitama

Date of Relocation

:

May, 1991

 

Company Address

:

1-18-8 Iizuka, Kawaguchi-shi, Saitama

Date of Relocation

:

Dec, 2009

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.75

UK Pound

1

Rs.100.68

Euro

1

Rs.70.88

YEN

1

Rs.0.54

 

 

INFORMATION DETAILS

 

Analysis Done by :

HEE

 

 

Report Prepared by :

TRU

 

 

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.