MIRA
INFORM REPORT
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Report Date : |
17.11.2006 |
IDENTIFICATION
DETAILS
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Name : |
A B
DIAMOND |
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Registered Office : |
3-5-30
Kokubo Kofu 400-0043 |
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Country : |
Japan |
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Date of Incorporation : |
September,
1999 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and wholesale of polished diamonds. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
Yen
4.7 millions |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name
A B DIAMOND
REGD NAME
YK A. B. Diamond
MAIN OFFICE
3-5-30 Kokubo Kofu 400-0043 JAPAN
Tel: 055-224-2448
Fax: 055-224-2449
URL: N/A
ACTIVITIES
Import, wholesale of
polished diamonds
BRANCHES
Nil
FACTORY(IES)
(subcontracted)
OFFICERS
ASHISH CHOUDHARI,
PRES (Indian resident)
Yen Amount : In million
Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 500 M
PAYMENTS REGULAR CAPITAL Yen 9 M
TREND STEADY WORTH Yen
15 M
STARTED 1999 EMPLOYES 2
COMMENT
IMPORTER AND
WHOLESALER SPECIALIZING IN POLISHED DIAMONDS.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR
MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN
4.7 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was reactivated in May 2002 by Ashish Choudhari on the basis of taking over a firm, Shubham International Ltd, in the similar line of importing polished diamonds, founded in Sept 1999 by an Indian businessman. Specializes in importing and wholesaling polished diamonds from India centrally, and partially from Hong Kong and Thailand. A resident of Japan, A Choudhari speaks fluent Japanese with good business contacts in Kofu City, hub of jewellery processors and stores, and in greater-Tokyo area. Diamonds and other precious stones are partially subcontracted mfg into jewellery products to local processors. About half of the clients are in Tokyo area. Financials are only partially disclosed in rounded-off figures.
FINANCIAL INFORMATION
The sales volume for Dec/2005 fiscal term amounted to Yen 500 million, a 2% up from Yen 490 million in the previous term. Business networks expanded. The net profit was posted at Yen 4 million, up from Yen 3 million a year ago.
For the current term
ending Dec 2006 the net profit is projected at Yen 5 million, on a 6% rise in
turnover, to Yen 530 million. Client
networks continue expanding. Weaker Yen
may contribute to sales growth in Yen terms.
The financial
situation is considered RATHER WEAK but should be good for MODERATE business
engagements. Max credit limit is
estimated at Yen 4.7 million, on 30 days normal terms.
REGISTRATION
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Date Registered |
Sept 1999 |
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Legal Status |
Private Limited Company (Yugen
Kaisha) |
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Regd Capital |
Yen 9 million |
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Major shareholders (%) |
Ashish Choudhari (100) |
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Nothing detrimental is known
as to his commercial morality. |
OPERATION
Activities: Imports and wholesales polished diamonds, other precious stones (--100%). Goods are imported from India centrally, and partially from Hong Kong & Thailand. Goods are also subcontracted mfg to local jewellery processors into products.
Clients: [Jewellery processors, jewelry stores, chain stores] Clients in local area (50%), in Tokyo region (50%).
No. of accounts: 200
Domestic areas of
activities: Centered in Kofu City and greater-Tokyo
Suppliers
[Mfrs, wholesalers] Imports
from India (about 90%), other from Hong Kong and Thailand.
Payment record:
Regular
Location
Business area in Kofu
City. Office premises at the caption
address are owned by A Choudhari as his private residence, shared as office,
and maintained satisfactorily.
Bank References
Kofu Shinkin Bank
(Ishida)
Mizuho Bank (Kofu)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms
Ending: |
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31/12/2006 |
31/12/2005 |
31/12/2004 |
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Annual
Sales |
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530 |
500 |
490 |
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Recur.
Profit |
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.. |
.. |
.. |
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Net
Profit |
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5 |
4 |
3 |
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Total
Assets |
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N/A |
N/A |
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Net
Worth |
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15 |
12 |
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Capital,
Paid-Up |
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9 |
9 |
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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 |
6.00 |
2.04 |
-- |
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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 |
0.94 |
0.80 |
0.61 |
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Notes
Financials are not disclosed only except the above partial figures. The 31/12/2004 term is the initial fiscal term from the inception.
Forecast (or
estimated) figures for 31/12/2006 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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