MIRA INFORM REPORT

 

 

Report No. :

346336

Report Date :

20.10.2015

 

IDENTIFICATION DETAILS

 

Name :

HIRAI TRADING OFFICE

 

 

Registered Office :

2-16-15-907 Hashiba Taitoku Tokyo 111-0023

 

 

Country :

Japan

 

 

Date of Incorporation :

2010

 

 

Legal Form :

Proprietorship

 

 

Line of Business :

Imports and wholesales leather products, other, as imported from India, Pakistan, Spain, other

 

 

No. of Employees :

1

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company

 

 

Payment Behaviour :

Slow

 

 

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

 

Company summery

 

HIRAI TRADING OFFICE (Proprietorship & not registered)

 

REGD NAME:   Hirai Trading Office

MAIN OFFICE:  2-16-15-907 Hashiba Taitoku Tokyo 111-0023 JAPAN

                                    Tel: 03-3875-3136      Fax: 03-3875-3136

 

URL:                 N/A

 

ACTIVITIES:     Import, wholesale of leather products

BRANCHES:     Nil

OVERSEAS:     Pakistan, India, Spain (--business partners)

 

OFFICERS:       KOICHIRO HIRAI, PROPRIETOR

                       

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY:      FINANCES        R/WEAK           A/SALES          Yen 25 M

                        PAYMENTS      SLOW               CAPITAL           - - -

                        TREND             SLOW               WORTH            Yen 5 M          

                        STARTED         2010                 EMPLOYES      1

 

 

COMMENT

           

SOLE PROPRIETORSHIP FOR IMPORT AND WHOLESALE OF LEATHER PRODUCTS.

FINANCIAL SITUATION CONSIDERED RTHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUISNESS ENGAGEMENTS.

           

 

HIGHLIGHTS

           

The subject company is a one-man proprietorship trading firm for import and wholesale of leather products from Pakistan, India, Spain, other.

 

 

FINANCIAL INFORMATION

           

Financials are disclosed only partially.

 

The sales volume for Dec/2014 fiscal term amounted to Yen 25 million, a 17% drop from Yen 30 million in the previous term.  The net profit is estimated posted at Yen 1 million, compared with Yen 2 million a year ago.

 

For the current term ending Dec 2015 the net profit is projected at Yen 2 million, on a 20% rise in turnover, to Yen 30 million.  The weaker Yen may raise earnings in Yen terms.

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements. 

 

 

REGISTRATION

    

Date Registered:           Hirai Trading office

                                    (Started 2010)

Regd No.:                     Sole Proprietorship and not registered

           

*.. This is a sole proprietorship, owned and operated by Koichiro Hirai, on his account. The net worth is estimated Yen 10 million, which derived from his past savings.

 

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

           

Activities: Imports and wholesales leather products, other, as imported from India, Pakistan, Spain, other (--100%)

 

Payment record: Regular

 

 

Location: Business area in Tokyo.  Office premises at the caption address are owned by Koichiro Hirai as his private residence and maintained satisfactory.

 

Bank References:

            Asahi Shinkin Bank (Asakusabashi)

            Relations: Money deposits and transfers only

 

 

FINANCES

 

(In Million Yen)

 

NOT MADE AVAILABLE

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.64.82

UK Pound

1

Rs.100.55

Euro

1

Rs.73.75

 

INFORMATION DETAILS

 

Analysis Done by :

KAS

 

 

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%)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.