MIRA
INFORM REPORT
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Report Date : |
30.07.2007 |
IDENTIFICATION DETAILS
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Name : |
RECKON GEMS JAPAN LTD |
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Registered Office : |
3-17-17 Aonuma Kofu Yamanashi-Pref 400-0867, Japan |
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Country : |
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Financials (as on) : |
31.03.2005 |
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Date of Incorporation : |
April 1993 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Imports and wholesales polished diamonds, other gem stones*
(including colored stones), fingerings, earrings, pierced rings, necklaces,
bracelets, pendants, other 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 15.3 Million |
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Status : |
Fair |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company name
RECKON GEMS JAPAN LTD
REGD NAME
Reckon Gems
MAIN OFFICE
3-17-17 Aonuma Kofu Yamanashi-Pref 400-0867JAPAN
Tel :
055-227-8891
Fax :
055-227-8890
URL :
http://www.jajugems.com (Of the Indian Principal)
E-Mail address :
reckon@kis-new.ne.jp
ACTIVITIES
Import, wholesale of diamonds, jewelry products
BRANCHES
Nil
FACTORY(IES)
(Subcontracted)
OFFICER(S)
CHANDRA G JAJU, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 850 M
PAYMENTS REGULAR CAPITAL Yen 30 M
TREND STEADY WORTH Yen 112 M
STARTED 1993 EMPLOYES 8
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN JEWELRY, OWNED BY
JAJU GEMS,
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 15.3 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established as a Branch Office by
Jaju Gems,
FINANCIAL INFORMATION
The sales volume for Mar/2006 fiscal term amounted to Yen
850 million, a 1.2% down from Yen 860 million in the previous term. Business is seen growing steadily with client
networks expanding thanks to the good reputation on quality and goods. The net profit decreased to Yen 10 million
from Yen 14 million a year ago. This is
referred to the rising costs of imports and operations.
For the current term ending Mar 2007 the net profit is
projected at Yen 13 million, on a 1.5% rise in turnover, to Yen 870
million. Business continues on the
uptrend. Weaker Yen should help 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 15.3 million, on 30 days normal terms.
REGISTRATION
Date Registered : Apr
1993
Legal Status :
Limited Company (Kabushiki Kaisha)
Authorized :
600 shares
Issued :
600 shares
Sum :
Yen 30 million
Major shareholders (%)
Chandra G Jaju (100)
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Imports and wholesales polished diamonds, other gem
stones* (including colored stones), fingerings, earrings, pierced rings,
necklaces, bracelets, pendants, other jewelry products (--100%).
*.. Gem stones: diamond, gem-set jewelry, platinum jewelry,
ruby, sapphire, aquamarine, tanzanite,cat’s-eye,
tourmaline, other.
Goods are imported wholly from
Clients
[Jewelry processors, jewelry stores] Saegusa Corp, Koshin
Jewelry, other
No. of accounts
500
Domestic areas of activities
Centered in
Suppliers
[Mfrs, polishing companies] Imports wholly from Jaju Gems,
Payment record
Regular
Location
Business area in
Bank References
Mizuho Bank (
Resona Bank (
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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870 |
850 |
860 |
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Recur.
Profit |
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.. |
.. |
.. |
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Net
Profit |
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13 |
10 |
14 |
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Total
Assets |
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N/A |
N/A |
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Net
Worth |
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112 |
102 |
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Capital,
Paid-Up |
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30 |
30 |
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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 |
2.35 |
-1.16 |
7.50 |
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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 |
1.49 |
1.18 |
1.63 |
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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 |
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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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)