MIRA
INFORM REPORT
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Report Date : |
8th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
JEWELERY STUDIO TOKI CO LTD |
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Registered Office : |
Okazaki Bldg 1F, 3-16-7 Namba-Naka
Naniwaku Osaka 556-0011 Japan |
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Country : |
Japan |
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Financials (as on) : |
31/03/2006
(Estimated) |
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Date of Incorporation : |
Apr 1989 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturers, importers,
wholesalers of gem stones, jewelry products |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
YEN 3.3 MILLION |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
NAME
JEWELERY STUDIO TOKI CO LTD
REGD NAME
KK Toki
MAIN OFFICE
Okazaki Bldg 1F, 3-16-7 Namba-Naka Naniwaku Osaka 556-0011 JAPAN
Tel: 06-6647-0196
Fax: 06-6647-4026
URL: http://www.saikaku.co.jp/
ACTIVITIES
Mfg, import, wholesale
of gem stones, jewelry products
BRANCHES
Nil
FACTORY(IES)
At the caption address
(processing workshop)
OFFICER(S)
TOKIYURU KAJIYA, PRES
Takeshi Ishida, dir
Yukie Ohta, dir
Yen Amount
In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 190 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen
76 M
STARTED 1989 EMPLOYES 14
COMMENT
MFR, IMPORTER AND
WHOLESALER SPECIALIZING IN JEWELRY.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR CREDIT
ENGAGEMENTS: US$50,000 / O/A 90 DAYS.
MAX CREDIT LIMIT: YEN
3.3 MILLION, NORMAL 30 DAYS TERMS.
HIGHLIGHTS
The subject company was
established originally in 1984 by Tokiyuru Kajiya in order to make most of his
experience in jewelry industry, on his account, and incorporated in 1989. This is a trading house specializing in
jewelry and accessories with processing division attached. Imports gem stones and jewelry products from
Thailand, India, China, etc. Stones are
wholesaled to fellow traders as stones, as well as jewelry products, originally
designed and processed into original brands at the caption workshop. Partially subcontract mfg to local makers,
too. Also offers made-to-order jewelry
and remodeling services. Financials are
only partially disclosed.
The sales volume for
Mar/2006 fiscal term is believed amounted to Yen 190 million, a 6% up from Yen
180 million in the previous term. The
net profit is also believed posted at Yen 9 million. The actual figures have not been officially made available and
the above figures are estimated by us, based on verbal conversation with the
firm’s treasurer.
For the current term
ending Mar 2007 the net profit is projected at Yen 10 million, on a 3% rise in
turnover, to Yen 195 million.
The financial situation
is considered RATHER WEAK but should be good for MODERATE business
engagements. Max credit limit is
estimated at Yen 3.3 million, on normal 30 days terms. The proposed amount for 90 days terms is
considered within the firm’s financial capacities.
REGISTRATION
Date Registered: Apr 1989
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800
shares
Issued: 200
shares
Sum: Yen
10 million
Major shareholders (%):
Tokiyuru Kajiya & families (--100)
No. of shareholders: 7
Nothing detrimental is
known as to the commercial morality of executives.
OPERATION
Activities: Imports and
wholesales diamonds, star rubies, platinum, gold, other gem stones and previous
metals, and processes them into original brand jewelry products: earring,
necklaces, pendants, fingerings, broaches, tie pins, bracelets, other products
(--100%). Offers made-to-order jewelry
accessories, including repairing, remodeling services, too. Goods are partially retailed directly or
online. Goods are imported from India,
Thailand, China, other.
Clients: Jewelry
processors, jewelry stores, chain stores, consumers, other (Details not
disclosed).
No. of accounts: 500
Domestic areas of
activities: Centered in greater-Osaka
Suppliers: [Mfrs,
wholesalers] Imports from India, Thailand, China, etc. Also supplied from fellow traders, jewelry
processors, other.
Payment record: Regular
Location: Business area
in Osaka. Office premises at the
caption address are leased and maintained satisfactorily.
Bank References
Resona Bank (Namba)
Bank of Tokyo-Mitsubishi
UFJ (Abenobashi)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms
Ending: |
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31/03/2006 |
31/03/2005 |
31/03/2004 |
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Annual
Sales |
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190
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180
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190
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Recur.
Profit |
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.. |
.. |
.. |
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Net
Profit |
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9
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10
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9
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Total
Assets |
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N/A |
N/A |
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Net
Worth |
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76
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66
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Capital,
Paid-Up |
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10
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10
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Div.P.Share(¥) |
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0.00
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0.00
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<Analytical
Data> |
(%) |
(%) |
(%) |
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S.Growth Rate |
5.56
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-5.26
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0.00
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Current Ratio |
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.. |
.. |
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N.Worth Ratio |
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.. |
.. |
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N.Profit/Sales |
4.74
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5.56
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4.74
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Notes: Financials are
only partially disclosed.
Forecast (or estimated)
figures for the 31/03/2006 fiscal term.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |