MIRA
INFORM REPORT
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Report Date : |
3rd
November 2006 |
IDENTIFICATION
DETAILS
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Name : |
JEWEL HIRATA CO LTD |
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Registered Office : |
Wakaya Bldg 2F, 13-4 Marugamecho
Takamatsu Kagawa-Pref 760-0029 Japan |
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Country : |
Japan |
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Financials (as on) : |
31/08/2006 |
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Date of Incorporation : |
Dec 1980 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Importers, retailers
of diamonds, sapphire, pearls, 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 6.3 MILLION |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
Name
JEWEL
HIRATA CO LTD
REGD NAME
YK
Jewel Hirata
MAIN OFFICE
Wakaya Bldg 2F, 13-4 Marugamecho Takamatsu Kagawa-Pref 760-0029 JAPAN
Tel: 087-822-6222
Fax: 087-822-6216
URL: http://www.jewelhirata.com/
E-Mail address: info@jewelhirata.com
ACTIVITIES
Import, retail of
diamonds, sapphire, pearls, jewelry products
STORE(S)
At the caption address
FACTORY(IES)
(subcontracted)
OFFICERS
TATSUHIKO HIRATA, PRES
Tetsuro Kiuchi, ch
Akiko Hirata, dir
Yen Amount
In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 395 M
PAYMENTS REGULAR CAPITAL Yen 25 M
TREND STEADY WORTH Yen
56 M
STARTED 1980 EMPLOYES 13*
*.. Including
part-timers
COMMENT
IMPORTER AND RETAILER
SPECIALIZING IN JEWELRY. FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT ENGAGE-MENTS: US$50,000 / O/A 90
DAYS.
MAX CREDIT LIMIT: YEN
6.3 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by father of Tatsuhiko
Hirata in order to make most of his experience in the subject line of
business. Tatsuhiko took the pres
office in Dec 1993. This is a retailer,
owned and operated by the Hirata family, specializing in diamonds, sapphire,
pearls, rubies topaz, other precious & colored stones, necklaces, earrings,
fingerings, bracelets, pendants, other jewelry products. Goods are imported from Italy, Germany, Sri
Lanka, India, Thailand, etc. Stones are
subcontracted mfg into products to domestic makers. Italian brands include “Vergano”. In sales amount the firm is placed third among 33 jewelry
retailers in Kagawa-Pref. Financials
are only partially disclosed.
FINANCIAL INFORMATION
The sales volume for
Aug/2005 fiscal term amounted to Yen 395 million, a 22% hike from Yen 323 million
in the previous term. Demand for
luxurious diamond rings rose for bridals and anniversary wedding, etc,
according to the firm. Weaker Yen
against foreign currencies also contributed to the sales growth in Yen
terms. The net profit is reported
posted at Yen 20 million, compared with Yen 1 million a year ago. The profits are reported including some extraordinary
incomes. Details not revealed but it is
said that inventory revaluation is one factor.
For the term ended Aug
2006 the net profit is believed posted at Yen 3 million, on a 6% rise in turnover,
to Yen 420 million.
The financial situation
is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 6.3
million, on 30 days normal terms. The
proposed amount for 90 days is considered well within the firm’s financial
capabilities.
REGISTRATION
Date Registered: Dec 1980
Legal Status: Private
Limited Company (Yugen Kaisha)
Regd Capital: Yen
25 million
Major shareholders (%):
Tatsuhiko Hirata (80)
No. of shareholders: 3
Nothing detrimental is
known as to the commercial morality of executives.
OPERATION
Activities: Imports and retails diamonds, pearls,
sapphires, rubies, topaz, other precious &
colored stones, necklaces, earrings, fingerings, bracelets, pendants, other
jewelry products (--100%).
Goods are imported from
Italy, Germany, Sri Lanka, India, Thailand, etc.
Stones are subcontracted
mfg to local jewelry processors into jewelry products.
Clients: [Consumers,
business firms, coops] Shikoku Newspaper, Nishinippon Broad casting, other.
No. of accounts:
Unavailable
Domestic areas of
activities: Centered in Kagawa-Pref & vicinities.
Suppliers: [Mfrs,
wholesalers] Tasaki Shinju, Jewelry Naritaya, Yoshimoto, other. Also imports
from Italy, Germany, Sri Lanka, India, Thailand, etc.
Payment record: Regular
Location: Business area
in Takamatsu City, Kagawa-Pref. Office
premises at the caption address are leased and maintained satisfactorily.
Bank References
Kagawa-Pref Shinkin
Bank (H/O)
Chugoku Bank
(Takamatsu)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/08/2006 |
31/08/2005 |
31/08/2004 |
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Annual Sales |
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420 |
395 |
323 |
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Recur. Profit |
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.. |
.. |
.. |
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Net Profit |
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3 |
20 |
1 |
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Total Assets |
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N/A |
N/A |
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Net Worth |
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81 |
36 |
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Capital, Paid-Up |
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25 |
3 |
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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 |
6.33 |
22.29 |
17.45 |
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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 |
0.71 |
5.06 |
0.31 |
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Notes: Financials are not disclosed only except the above partial
figures.
Forecast (or estimated) figures for 31/08/2006 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 |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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