MIRA
INFORM REPORT
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Report Date : |
08.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
KENTOP INTERNATIONAL CO LTD |
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Registered Office : |
Okinado Bldg 5F, 1-14-10Higashoueno Taitoku Tokyo 110-001 |
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Country : |
Japan |
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Date of Incorporation : |
June 1995 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of polished diamonds |
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 |
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Litigation : |
Clear |
COMPANY NAME
KENTOP INTERNATIONAL CO LTD
REGD NAME: KK Kentop
International
ADDRESS
MAIN OFFICE:
Okinado Bldg 5F, 1-14-10Higashoueno Taitoku Tokyo 110-001 JAPAN
Tel : 03-3839-5503
Fax : 03-3839-5504
URL : N/A (No plan)
ACTIVITIES
Import, wholesale of polished diamonds
BRANCHES
Nil
FACTORY(IES)
(Subcontracted)
OFFICERS
HIROSHI TAKAMIZAWA, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 441 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen 23 M
STARTED 1995 EMPLOYES 5
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN POLISHED DIAMONDS.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE
BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject company was established by Hiroshi Takamizawa in order to
make most of his experience in the subject line of business. Owned and operated solely by Takamizawa
family, the subject specializes in import and wholesale of precut, polished
diamonds, centrally from India and Israel.
Goods are supplied to jewelry processors and wholesalers. The firm transferred part of its operations
to a subsidiary firm during the term.
FINANCIAL INFORMATION
A private and family-based owned company, the subject does not release
full financials except the following partial figures.
The sales volume for May/2007 fiscal term amounted to Yen 441 million, a
71% drop from Yen 1,517 million in the previous term. This is referred to the said transfer of operations. Also consumer spending continued
sluggish. The operations continued in
the red for two consecutive years to register Yen 4 million net loss for the
term. This compares with Yen 2 million
net loss the previous term.
For the current term ending May 2008 the operations are expected to come
back to profitability but still limited to a minimum amount post-taxes, on a 2%
rise in turnover, to Yen 450 million.
The financial situation is considered RATHER WEAK but should be good for
MODERATE business engagements. Max
credit limit is estimated at Yen 16.5 million, on 30 days normal terms.
REGISTRATION
Date Registered : Jun 1995
Legal Status :
Limited Company (Kabushiki Kaisha)
Authorized :
800 shares
Issued :
200 shares
Sum :
Yen 10 million
Major shareholders (%) : Hiroshi
Takamizawa (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: Imports and wholesales polished diamonds, other gemstones,
centrally from India and Israel (--100%).
Clients: Jewelry processors, jewelry stores, other (Details not
disclosed)
No. of accounts: 500
Domestic areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Imports from India, Israel, other.
Payment record
Regular
Location
Business area in Tokyo. Office
premises at the caption address are leased and maintained satisfactorily.
Bank References
Asahi Shinkin Bank (Nishimachi)
MUFG (Ueno-Chuo)
Relations: Satisfactory
FINANCES: (In Million
Yen)
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Terms Ending: |
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31/05/2008 |
31/05/2007 |
31/05/2006 |
31/05/2005 |
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Annual Sales |
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450 |
441 |
1,517
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1,560
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Recur. Profit |
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Net Profit |
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0 |
-4 |
-2 |
5 |
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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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23 |
27 |
29 |
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Capital, Paid-Up |
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10 |
10 |
10 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.04 |
-70.93
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-2.76
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15.56
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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 |
0.00 |
-0.91
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-0.13
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0.32 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) for the 31/05/2008 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. |
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%)