MIRA
INFORM REPORT
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Report Date : |
30.08.2007 |
IDENTIFICATION DETAILS
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Name : |
R P JEWEL’S |
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Registered Office : |
Maison Narita 302, 3-21-5 Taito Taitoku |
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Country : |
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Date of Incorporation : |
Sept 2003 |
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Legal Form : |
Private Limited Company (Yugen
Gaisha) |
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Line of Business : |
Import, wholesale of diamonds,
jewelry products |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
name
R P JEWEL’S
REGD NAME
R P Jewel’s YK
MAIN OFFICE
Maison Narita 302,
3-21-5 Taito Taitoku
Tel : 03-5807-4540
Fax : 03-5807-4541
URL : N/A
ACTIVITIES
Import,
wholesale of diamonds, jewelry products
BRANCHES
Nil
FACTORY(IES)
(Subcontracted)
OFFICERS
CHANDRA
P PATEL, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 200 M*
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND UNDETD WORTH Yen
10 M
STARTED 2003 EMPLOYES 3
*..
Estimated only
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN DIAMONDS. FINANCIAL SITUATION UNDETERMINED DUE TO THE LACK OF FINANCIALS AND MANAGERIAL INFORMATION BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject company was established by Chandra P Patel in order to make most of his experience in the subject line of business. This is a trading firm for import and wholesale of diamonds, jewelry products and the related. Owner declined to speak out any of his firm’s management, to say nothing of financials. He does not want his company’s details know to other than the direct clients he is dealing with or is going to deal with. The information contained here is therefore collected from outside sources and other contacts in the jewelry businesses.
FINANCIAL INFORMATION
Financials are not at all disclosed. To our asking if the annual turnover is around Yen 200 million, he neither said YES or NO. This is estimated as the most possible amount for a firm of 3 persons, but of course not verified or confirmed.
The financial situation is not determined due to the lack of financials and other managerial information on the firm but should be good for MODERATE business engagements. Max credit limit is unable to be assessed due to the same reason. All credits on new transactions are recommended under guarantee.
REGISTRATION
Date
Registered: Sept 2003
Legal
Status: Private Limited
Company (Yugen Gaisha)
Regd
Capital: Yen 10 million
Major shareholders (%): Chandra P Patel (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: Imports and wholesales diamonds, jewelry products, others (--100%).
Import
sources are believed to be
Clients:
Jewelry processors, jewelry stores, others (Details not disclosed)
No. of
accounts: 300 (Estimated only)
Domestic
areas of activities: Centered in greater-Tokyo, including
Suppliers:
[Mfrs, wholesalers] Believed importing from
Payment
record: Regular
Location: Business area in
Bank References
Owner
refused to disclose Bank Name.
Relations:
Money deposits and transfers only.
FINANCES
(In
Million Yen)
NOT
DISCLOSED
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. |
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%)