MIRA
INFORM REPORT
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Report Date : |
29th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
NOOR GEMS JAPAN LTD |
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Registered Office : |
1-16-26 Aioi Kofu 400-0858 Japan |
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Country : |
Japan |
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Financials (as on) : |
31/03/2007
(Estimated) |
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Date of Incorporation : |
Apr 1993 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers and wholesalers of diamonds
and other gem stones |
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 9 MILLION |
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Status : |
Fair |
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
NAME
NOOR
GEMS JAPAN LTD
REGD NAME
Noor
Gems Japan YK
MAIN OFFICE
1-16-26
Aioi Kofu 400-0858 JAPAN
Tel:
055-227-5761
Fax:
055-27-5762
URL: N/A
E-Mail address: noor@athena.ocn.ne.jp
ACTIVITIES
Import, wholesale of diamonds and other gem stones
BRANCHES
Tokyo
FACTORY(IES)
(subcontracted)
OFFICER(S)
ZAHEER A ANSARI, PRES & CEO
Natsumi Sudoh, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 700 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen 52 M
STARTED 1993 EMPLOYES 10
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN DIAMONDS AND OTHER GEM
STONES. FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 9 MILLION, NORMAL 30 DAYS TERMS.
HIGHLIGHTS
The subject company was established originally as a Japan Branch
of Noor Gems, India for marketing diamonds and other precious gem stones in
Japan. With the expansion of clients
the import sources have since been expanded into Thailand, Germany, USA,
Brazil, in addition to India. Goods are
shipped to jewelry processors and jewelry stores, nationwide. Partially processes into products on client’s
demand. Operates Tokyo Office to cover
the market. Financials are only partially
disclosed and we have confirmed the figures from the treasurer.
The sales volume for Mar/2006 fiscal term amounted to Yen 700
million, an 8% up from Yen 650 million in the previous term. The weaker Yen contributed to raise sales in
Yen terms. The net profit was posted at
Yen 10 million, up 25% from the previous term.
Client networks are expanding, according to the treasurer.
For the current term ending Mar 2007 the net profit is projected
at Yen 11 million, on a 7% rise in turnover, to Yen 750 million.
The financial situation is considered maintained FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 9 million, on normal 30 days terms.
REGISTRATION
Date Registered: Apr
1993
Legal Status: Private Limited Company (Yugen
Kaisha)
Regd Capital: Yen 10 million
Major shareholders (%): Zaheer A Ansari (100)
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Imports and wholesales diamonds, and other gem stones,
from India, Thailand, Germany, USA, Brazil, other (--100%).
Clients: Jewelry processors, jewelry stores, other
No. of accounts: 300-400
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Imports from India, Thailand,
Germany, USA, Brazil, etc.
Payment record: Regular
Location: Business area in Kofu.
Office premises at the caption address are owned and maintained
satisfactorily.
Bank References
Mizuho Bank (Kofu)
SMBC (Kofu-Chuo)
Relations: Satisfactory
FINANCES
(In Million
Yen)
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Terms Ending: |
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31/03/2007 |
31/03/2006 |
31/03/2005 |
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Annual Sales |
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750 |
700 |
650 |
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Recur. Profit |
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.. |
.. |
.. |
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Net Profit |
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11 |
10 |
8 |
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Total Assets |
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N/A |
N/A |
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Net Worth |
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52 |
42 |
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Capital, Paid-Up |
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10 |
10 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
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S.Growth Rate |
7.14 |
7.69 |
8.33 |
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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 |
1.47 |
1.43 |
1.23 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/03/2007 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 |