MIRA
INFORM REPORT
|
Report Date : |
17.08.2007 |
IDENTIFICATION DETAILS
|
Name : |
TRIDENT TRADING TOKYO CO LTD |
|
|
|
|
Registered Office : |
Nibankan 301, 1-20-10 Higashiueno Taitoku |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2007 |
|
|
|
|
Date of Incorporation : |
September 1991 |
|
|
|
|
Legal Form : |
Private Limited Company (Yugen Gaisha) |
|
|
|
|
Line of Business : |
Import, Wholesale of Polished Diamonds |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
COMPANY NAME
TRIDENT TRADING TOKYO CO LTD
REGD NAME: YK Trident Trading
ADDRESS
MAIN OFFICE
Nibankan 301, 1-20-10 Higashiueno Taitoku
Tel : 03-3833-0609
Fax : 03-3833-2829
URL : Nil
ACTIVITIES
Import, wholesale of polished diamonds
BRANCHES
Nil
FACTORY(IES)
(subcontracted)
OFFICERS
MAHESH V MODY, PRES (Indian resident)
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 235 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen 42 M
STARTED 1991 EMPLOYES 2
COMMENT
IMPORTER OF POLISHED DIAMONDS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject company was established by Mahesh V Mody, Indian
businessman residing in
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Mar/2007 fiscal term amounted to Yen
235 million, a 2% up from Yen 230 million in the previous term. The weaker Yen aided to uplift sales in Yen
terms. The net profit remained unchanged
at Yen 5 million.
For the current term ending Mar 2008 the net profit is
projected at Yen 5 million, on a 2% rise in turnover, to Yen 240 million.
The financial situation is considered maintained FAIR and
good for ORDINARY business engagements.
Max credit limit is estimated at Yen 3.5 million, on 30 days normal
terms.
REGISTRATION
Date Registered : Sept
1991
Legal Status :
Private Limited Company (Yugen Gaisha)
Regd Capital :
Yen 10 million
Major shareholders (%): Mahesh V Mody (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities :
Imports, exports and wholesales polished diamonds, jewelry products (--100%).
Exports :
10%.
Clients :
Jewelry processors, jewelry stores, wholesalers, other.
No. of accounts :
300
Domestic areas of activities :
Centered in greater-Tokyo
Suppliers :
[Mfrs, wholesalers] Imports from
Payment record
Regular
Location
Business area in
Bank References
MUFG (Ueno)
State Bank of
Relations: Satisfactory
FINANCES: (In Million
Yen)
|
Terms Ending: |
|
31/03/2008 |
31/03/2007 |
31/03/2006 |
31/03/2005 |
|
|
Annual Sales |
|
240 |
235 |
230 |
230 |
|
|
Recur. Profit |
|
.. |
.. |
.. |
.. |
|
|
Net Profit |
|
5 |
5 |
5 |
5 |
|
|
Total Assets |
|
|
N/A |
N/A |
N/A |
|
|
Net Worth |
|
|
42 |
37 |
32 |
|
|
Capital, Paid-Up |
|
|
10 |
10 |
10 |
|
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
|
<Analytical
Data> |
(%) |
(%) |
(%) |
(%) |
||
|
S.Growth Rate |
2.13 |
2.17 |
0.00 |
3.14 |
||
|
Current Ratio |
|
|
.. |
.. |
.. |
|
|
N.Worth Ratio |
|
.. |
.. |
.. |
||
|
N.Profit/Sales |
2.08 |
2.13 |
2.17 |
2.17 |
||
Note: Financials are only partially disclosed.
Forecast (or estimated) for the 31/03/2008 fiscal term.
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)