MIRA INFORM REPORT
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Report Date : |
8th May 2006 |
IDENTIFICATION DETAILS
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Name : |
J B JAPAN LTD |
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Registered Office : |
Aota Bldg 9F, 3-42-5
Ueno Taitoku Tokyo 110-0005 Japan |
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Date of Incorporation : |
Jun 2003 |
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Legal Form : |
Limited
Company |
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Line of Business : |
Imports,
wholesale of diamonds, diamond jewelry |
RATING & COMMENTS
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MIRA’s Rating : |
B |
RATING
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STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
YEN 4.5 MILLION |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
NAME
J B JAPAN LTD
REGD NAME
J. B. Japan KK
MAIN OFFICE
Aota Bldg 9F, 3-42-5 Ueno Taitoku Tokyo 110-0005
JAPAN
Tel: 03-3833-8313
Fax: 03-3833-8323
URL: http://www.jbgroupworldwide.com/
E-Mail address:
jbjtokyo@jbgroupworldwide.com
ACTIVITIES
Imports, wholesale of diamonds, diamond
jewelry
BRANCHES
Osaka
FACTORY(IES)
(subcontracted)
OFFICER(S)
BIRJIBBAI BINU KUKADIA, PRES
Balubhi Hiren Patel, dir
U. Binu Kukadia, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 500 M
PAYMENTS REGULAR CAPITAL Yen 25 M
TREND UNDETD WORTH Yen 30 M
STARTED 2003 EMPLOYES 4*
*.. Additionally 2 part-timers.
COMMENT
IMPORTER AND WHOLESALER
SPECIALIZING IN POLISHED DIAMONDS AND DIAMOND JEWELRY. FINANCIAL SITUATION UNDETERMINED DUE TO THE
RECENT INCEPTION BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 4.5
MILLION, SECURED TERMS RECOMMENDED UNTIL FINANCIALS ARE MADE AVAILABLE.
HIGHLIGHTS
The subject company was
established as a branch office in Japan BY JB Group, India, FOUNDED 1965 for
marketing their products in Japan. B B
Kukadia is a relative of Bhavagan Kukadia, co-founder of the Indian
principal. The subject is a trading
firm for import and wholesale of polished diamonds from India. and diamond jewelry
& other jewelry products from Hong Kong.
The information relative to the firm is limited and we have directly
contacted the firm and obtained the information contained herein. The financials are not disclosed in details
and the figures given here have been verbally obtained from the director, B H
Patel. The financials, however, have
not been confirmed or verified from other databases.
The sales volume for Jul/2005
fiscal term amounted to Yen 500 million, a 10% up from Yen 450 million in the
previous term. The business is growing
steadily with the number of clients increasing by assiduous sales efforts, said
the treasurer. The net profit is not
disclosed. We estimate Yen 15 mill to
Yen 20 million should have been posted.
No verification, however.
For the current term ending Jul
2006 the net profit is projected at Yen 20 million, on a 4% rise in turnover,
to Yen 520 million. The treasurer
expects turnover will further expand due to the weaker Yen against foreign
currencies lifting sales in Yen terms.
Both the financial situation and
business trends are not determined due to the recent inception and the lack of
financial details but should be good for MODERATE business engagements. Nothing detrimental is heard of the firm
among fellow traders. Max credit is
estimated at Yen 4.5 million, assessed only from the professed sales
turnover. We recommend all CREDITS to
be on fully guaranteed terms until financial details have been made available.
REGISTRATION
Date Registered: Jun 2003
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 500 shares
Issued: 500
shares
Sum: Yen 25 million
Major shareholders (%): Birjibhai Binu
Kukadia (100)
Nothing detrimental is known as to the
commercial morality of executives.
OPERATION
Activities: Imports and
wholesales polished, precut diamonds from India (60%), diamond jewelry and
other jewelry products from Hong Kong (--40%).
Also processes diamonds into jewelry products on consignment.
Clients: Jewelry processors, jewelry
stores, wholesalers, other
No. of accounts: 300
Domestic areas of activities: Centered
in greater-Tokyo
Suppliers: [Mfrs, wholesalers]
Imports diamonds from India and other jewelry products from Hong Kong.
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References
SMBC (Ueno)
State Bank of India (Tokyo)
Relations: Money deposits &
transfer only
FINANCES
(In Million Yen)
NOT MADE AVAILABLE.
RATING EXPLANATIONS
RATING
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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 |