MIRA
INFORM REPORT
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Report Date : |
27th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
ISHIKAWA SHOTEN CO LTD |
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Registered Office : |
5-3-5 Joto Kofu City Yamanashi-Pref 400-7771 Japan |
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Country : |
Japan |
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Financials (as on) : |
31.10.2006 |
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Date of Incorporation : |
December
1980 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Import, wholesale of diamonds, gem
stones, jewellery 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 16 Million |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
Company name
ISHIKAWA SHOTEN CO LTD
REGD NAME
Ishikawa Shoten KK
MAIN OFFICE
5-3-5 Joto Kofu City Yamanashi-Pref 400-7771
JAPAN
Tel :
055-232-7771
Fax :
055-232-7775
URL : N/A
ACTIVITIES
Import, wholesale of diamonds,
gem stones, jewellery products
BRANCHES
Nil
FACTORY(IES)
(subcontracted)
OFFICERS
ZENSUKE ISHIKAWA, PRES
Mitsuyoshi Ishikawa, dir
Tomoko Ishikawa, dir
Yen Amount
In million Yen, unless otherwise
stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,050 M
PAYMENTS REGULAR CAPITAL Yen 30 M
TREND STEADY WORTH Yen 130 M
STARTED 1980 EMPLOYES 6
COMMENT
IMPORTER AND WHOLESALER
SPECIALIZING IN JEWELRY.
FINANCIALSITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 16
MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by
Zensuke Ishikawa in order to make most of his experience
in the subject line of business. This
is a family-based firm, operating at home residence, specializing in import and
wholesale of diamonds, other gem stones and jewellery products. Goods are imported from India, Israel,
Thailand, Hong Kong, etc. Goods are
partially subcontracted mfg to local processors into jewellery products. Clients are jewellery processors, jewellery
stores, wholesalers, etc, centering in Yamanashi-Pref, including greater-Tokyo
region. Being a family-based company,
financials are only partially disclosed.
FINANCIAL INFORMATION
The sales volume for Oct/2005 fiscal
term amounted to Yen 1,050 million, a similar amount in the previous term. The firm is considered having steady clients
to ensure steady revenues. The net
profit remained similar at Yen 12 million.
The firm stopped paying dividends for this term, compared with Yen
10/share previously.
For the term just ended Oct 2006 the
net profit is believed posted at Yen12 million, on a 5% rise in turnover, to
Yen 1,100 million. Weaker Yen should
have contributed to uplift sales in Yen terms.
The financial situation is considered
maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 16
million, on 30 days normal terms.
REGISTRATION
Date Registered : Dec 1980
Legal Status : Limited Company (Kabushiki
Kaisha)
Authorized : 2,400 shares
Issued : 600 shares
Sum : Yen 30 million
Major shareholders (%)
Zensuke Ishikawa (80) and families
(--20)
No. of shareholders: 7
Nothing detrimental is known as
to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales
diamonds, other gemstones, jewelry products (--100%).
Goods are imported from India, Israel,
Thailand, Hong Kong, etc.
Clients
Jewelry processors, jewelry stores,
wholesalers, other.
No. of accounts
500
Domestic areas of activities
Centered in Yamanashi-Pref, including
greater-Tokyo area.
Suppliers
[Mfrs, wholesalers] Imports from India
(25%), Israel (20%), Thailand (20%), Hong Kong (15%), other.
Payment record
Regular
Location
Business area Kofu City,
Yamanashi-Pref. Office premises at the
caption address are owned by Z Ishikawa as his private residence, sharing as
office, and maintained satisfactorily.
Bank References
Yamanashi Chuo Bank (H/O)
Resona Bank (Kofu)
Relations: Satisfactory.
FINANCES
(In Million Yen)
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Terms Ending: |
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31/10/2006 |
31/10/2005 |
31/10/2004 |
31/10/2003 |
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Annual Sales |
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1,100 |
1,050 |
1,050 |
1,040 |
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Recur. Profit |
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.. |
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Net Profit |
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12 |
12 |
12 |
13 |
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Total Assets |
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N/A |
N/A |
N/A |
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Net Worth |
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130 |
118 |
103 |
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Capital, Paid-Up |
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30 |
30 |
30 |
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Div.P.Share(¥) |
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0.00 |
10.00 |
10.00 |
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<Analytical
Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.76 |
0.00 |
0.96 |
0.97 |
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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 |
1.09 |
1.14 |
1.14 |
1.25 |
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Financials are only partially
disclosed.
Forecast (or estimated) for the
31/10/2006 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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