MIRA
INFORM REPORT
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Report Date : |
27th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
D
& M PEARL COMPANY LTD |
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Registered Office : |
Gyoen
Heim 3F, 4-24 Yotsuya Shinjukuku Tokyo 160-0004, Japan |
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Country : |
Japan |
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Financials (as on) : |
31.03.2007
(Estimated) |
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Date of Incorporation : |
April
1972 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Imports, exports and wholesales pearls Jewellery. |
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 4 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name
D &
M PEARL COMPANY LTD
REGD NAME
KK D
& M Pearl Company
MAIN OFFICE
Gyoen
Heim 3F, 4-24 Yotsuya Shinjukuku Tokyo 160-0004 JAPAN
Tel : 03-3350-0784
Fax : 03-3350-0779
URL :
http://www.dandmpearl.co.jp
E-Mail address :
info@dandmpearl.co.jp
ACTIVITIES
Import, wholesale of pearls, pearl jewelry
BRANCHES
Osaka
OVERSEAS
Perlen Yukie GmbH, Germany (affiliate)
FACTORY(IES)
(subcontracted)
OFFICERS
YUKIE DEMIYA, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 270 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen 37 M
STARTED 1972 EMPLOYES 8
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN PEARLS & JEWELRY.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 4 MILLION, 30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The subject company was established by Yukie Demiya in order to
make most of her experience in the subject line of business. Specializes in import and wholesale of
pearls (loose & strands), and pearl jewelry (necklaces, earrings, clasps,
broaches, rings, other), of foreign designer brands and originals. Goods are imported from Germany, Hong Kong,
etc. Business is considered maintained on a steady growth.
FINANCIAL INFORMATION
The sales volume for Mar/2006 fiscal term amounted to Yen 270
million, a similar amount in the previous term. The net profit remained unchanged at Yen 1 million.
For the current term ending Mar 2007 the net profit is projected
at Yen 1 million, on a 4% rise in turnover, to Yen 280 million. Weaker Yen will assist to rise in sales
amount in Yen terms.
The financial situation is considered maintained FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 4 million, on 30 days normal terms.
REGISTRATION
Date Registered : Apr 1972
Legal Status :
Limited Company (Kabushiki Kaisha)
Authorized :
80,000 shares
Issued :
20,000 shares
Sum :
Yen 10 million
Major shareholders (%)
Yukie Demiya (100)
Nothing detrimental is known as to her commercial morality.
OPERATION
Activities: Imports, exports and wholesales pearls (loose &
strands of domestic, Tahiti & South Sea pearls), pearl jewelry: necklaces,
earrings, rings, broaches, pearl interlinks, body pierce, clasps (gold, silver,
magnet, others in rows, snap fixes), others, of original & foreign designer brands (mostly of
German) (--100%).
Designer brands: Dillenburger,
Fassbender, Griesen, Henzler, Mertens, Hayasaka, Tanphanie, Joyz, other.
Clients
Jewelry processors, wholesalers, retailers, other
No. of accounts
500
Domestic areas of activities
Centered in greater-Tokyo
Suppliers
[Mfrs, wholesalers] Imports from Hong Kong, Germany, other.
Payment record
Regular
Location
Business area in Tokyo.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
Bank of Tokyo-Mitsubishi UFJ (Shinjuku)
SMBC (Shinjukudori)
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 |
31/03/2004 |
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Annual
Sales |
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280 |
270 |
268 |
261 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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1 |
1 |
1 |
1 |
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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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37 |
36 |
35 |
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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 |
3.70 |
0.75 |
2.68 |
-5.78 |
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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 |
0.36 |
0.37 |
0.37 |
0.38 |
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Note: Financials are
only partially disclosed.
Forecast (or
estimated) 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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