MIRA
INFORM REPORT
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Report Date : |
27th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
GOLAY
BUCHEL TRADING KK |
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Registered Office : |
Shinsaibashi-Tanimoto
Bldg 4F, 3-4-15 Bakuromachi Chuoku Osaka 541-0059, Japan |
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Country : |
Japan |
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Financials (as on) : |
31.12.2006
(Estimated) |
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Date of Incorporation : |
December
1985 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Importing, Exporting and Wholesaling of cultured pearls, gold
& platinum jewellery, others |
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 36.9 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name
GOLAY
BUCHEL TRADING KK
REGD NAME
Golay
Buchel Trading KK
MAIN OFFICE
Shinsaibashi-Tanimoto
Bldg 4F, 3-4-15 Bakuromachi Chuoku Osaka 541-0059 JAPAN
Tel : 06-6244-4020
Fax : 06-6244-2737
URL :
http://www.golay.com
E-Mail address :
contact@osaka.golay.com
ACTIVITIES
Import, export, wholesale of pearls, jewelry
BRANCHES
Tokyo, Kobe, Fukuoka
FACTORY(IES
(subcontracted)
OFFICERS
P E FISCHER, REP DIR
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,000 M
PAYMENTS REGULAR CAPITAL Yen 250 M
TREND SLOW WORTH Yen 370 M
STARTED 1985 EMPLOYES 42
COMMENT
TRADING DIVISION SPECIALIZING IN PEARLS, WHOLLY OWNED BY GOLAY
BUCHEL HOLDING, SWITZ.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT
ENGAGEMENTS: US$50,000 / O/A 30 DAYS TERMS.
MAX CREDIT LIMIT: YEN 36.9 MILLION, 30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The subject company was established by Golay Buchel Holding,
Switz, as its marketing base in Japan,
to engage in international trading business.
Golay Buchel Japan KK, founded in 1957,
is a sister firm founded as a purchasing office in Kobe. The subject functions as its foreign trading division to import and
export the goods. Goods are imported
from Golay Buchel group firms
in Italy, France, Germany, etc. Has 3
group branch offices in Tokyo, Kobe and
Fukuoka. Tokyo Branch handles
essentially South Sea pearls. Pearls
are also exported.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Dec/2005 fiscal term amounted to Yen 2,000
million, a 5% down from Yen 2,100 million in the previous term. Hurt by sluggish consumer spending. The net profit was posted at Yen 18 million,
down from Yen 20 million the previous year.
For the term just ended Dec 2006 the net profit was projected and
estimated posted at Yen 20 million, on a 5% recovery in turnover, to Yen 2,100
million. Weaker Yen should have
contributed.
The financial situation is considered maintained FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 36.9 million, on 30 days normal terms. The proposed amount is considered well
within the firm’s financial capabilities, backed up by the Swiss parent’s
financial strength.
REGISTRATION
Date Registered : Dec 1985
Legal Status :
Limited Company (Kabushiki Kaisha)
Authorized :
5,000 shares
Issued :
5,000 shares
Sum :
Yen 250 million
Major shareholders (%)
Golay Buchel Holding SA, Switz (100)
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Trading division owned by Golay Buchel Holdings SA,
Switz, for importing, exporting and wholesaling of cultured pearls, gold &
platinum jewelry, others (--100%).
Goods are imported mostly from Europe (Italy, France, Swiss, etc).
Tokyo Branch Office handles South Sea pearls.
Clients
[Pearl stores, pearl processors, wholesalers] Tasaki Shinju, Tokyo
Kiho, Verite Corp, Shinei Hoshoku, Eiko Watch, other.
No. of accounts
500
Domestic areas of activities
Nationwide
Suppliers
[Mfrs, wholesalers] Imports from Italy, Switz, France, USA,
Thailand, other.
Payment record
Regular
Location
Business area in Osaka.
Office premises at the caption address are leased and maintained satisfactorily.
Bank References
Mizuho Bank (Semba)
SMBC (Semba)
Relations: Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
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31/12/2006 |
31/12/2005 |
31/12/2004 |
31/12/2003 |
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Annual
Sales |
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2,100
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2,000
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2,100
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2,000
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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20 |
18 |
20 |
17 |
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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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370 |
352 |
335 |
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Capital,
Paid-Up |
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250 |
250 |
250 |
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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 |
-4.76
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5.00 |
-9.09
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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 |
0.95 |
0.90 |
0.95 |
0.85 |
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Note: Financials are
only partially disclosed.
Forecast (or
estimated) for the 31/12/2006 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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