MIRA
INFORM REPORT
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Report Date : |
24.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
MAK INTERNATIONAL LTD |
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Registered Office : |
Dia Palace Johto Two #105, 3-16-30 Johto Kofu Yamanashi-Pref 400-0861 |
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Country : |
Japan |
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Financials (as on) : |
31.05.2007 |
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Date of Incorporation : |
Jun 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
MAK INTERNATIONAL LTD
REGD NAME
YK Mak International
MAIN OFFICE
Dia Palace Johto Two #105, 3-16-30 Johto Kofu Yamanashi-Pref 400-0861
JAPAN
Tel :
055-227-9552
URL : N/A
* Moved to the caption address from the former at: 305 Ohkura
Mansion, 5-7-27 Yamanashi-Chuo Kofu City, as given
ACTIVITIES
Import, wholesale of diamonds, jewelry products
BRANCHES
Nil
FACTORY(IES)
(subcontracted)
OFFICERS
NAHAR MANISH, PRES
Yen Amount: In million Yen,
unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 200 M
PAYMENTS REGULAR CAPITAL Yen 5 M
TREND STEADY WORTH Yen 38 M
STARTED SLOW EMPLOYES 3
COMMENT
IMPORTER AND
WHOLESALER SPECIALIZING IN JEWELRY. FINANCIAL
SITUATION CONSIDERED FAIR RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS
ENGAGEMENTS.
HIGHLIGHTS
The subject company was established by Nahar Manish, resident
Indian businessman, in order to make most of his experience in the subject line
of business, utilizing his wide networks both in India and Japan. Specializes in import and wholesale of
polished, precut diamonds, all from India.
Clients are jewelry processors, jewelry wholesalers, jewelry stores, in
Kofu City and Tokyo area. Diamonds are
partially processed at subcontracted mfrs in Kofu. Partially retails them, too.
Operations cover greater-Tokyo area and Osaka.
FINANCIAL INFORMATION
Financials are only partially disclosed and in rounded off numbers.
The sales volume for May/2007 fiscal term amounted to Yen 200 million, a similar amount in the previous term. The net profit was posted at Yen 10 million, down from Yen 20 million a year ago. The last term posted extraordinary income from inventory revaluation.
For the current term ending May 2008 the net profit is
projected at Yen 10 million, on a 5% rise in turnover, to Yen 210 million. Weaker Yen will contribute to sales
growth.
The financial situation is considered RATHER WEAK but should be
good MODERATE business engagements.
REGISTRATION
Date Registered: Jun
2003
Legal Status: Private
Limited Company (Yugen Gaisha)
Regd Capital: Yen 5
million
Major shareholders (%): N Manish (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: Imports and wholesales polished diamonds, jewelry products (--100%).
Diamonds are subcontracted mfg into jewelry products to local
jewelry processors.
Clients: Jewelry processors, jewelry stores, individual customers,
other.
No. of accounts: 200
Domestic areas of activities: Centered in Kofu City, extending into
greater-Tokyo area
Suppliers: [Mfrs] ] Imports from Riddhi Enterprises, D.P. Enterprises,
Ripesh Enterprises, other.
Payment record: Regular
Location: Business area in Kofu City, Yamanashi-Pref. Office premises at the caption address are
owned by N Manish as his private residence and maintained satisfactorily.
Bank References
Yamanashi Chuo Bank (H/O)
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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210 |
200 |
200 |
130 |
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Recur. Profit |
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Net Profit |
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10 |
10 |
20 |
3 |
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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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38 |
28 |
8 |
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Capital, Paid-Up |
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5 |
5 |
5 |
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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 |
5.00 |
0.00 |
53.85 |
-7.14 |
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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 |
4.76 |
5.00 |
10.00 |
2.31 |
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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%)