MIRA
INFORM REPORT
|
Report Date : |
7th
February, 2007 |
IDENTIFICATION
DETAILS
|
Name : |
DAIWA
TRADING CO LTD |
|
|
|
|
Registered Office : |
U.M.
Bldg 7F, 1-14-5 Higashiueno Taitoku Tokyo 110-0015, Japan |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.07.2007
(Estimated) |
|
|
|
|
Date of Incorporation : |
August
1981 |
|
|
|
|
Legal Form : |
Limited Company (Kabushiki Kaisha) |
|
|
|
|
Line of Business : |
Imports and wholesales jewellery. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
Yen 5.7 Million |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
Company Name
DAIWA
TRADING CO LTD
REGD NAME
KK Daiwa
Boeki
MAIN OFFICE
U.M.
Bldg 7F, 1-14-5 Higashiueno Taitoku Tokyo 110-0015 JAPAN
Tel : 03-3836-2062
Fax : 03-3837-2779
*..
Moved to the caption address in 2006 from the former at: Okada Bldg 5F,
1-7-13
Higashiueno Taitoku Tokyo, as given.
URL : http://www.daiwa-trd.co.jp (under
repairing)
E-Mail address :
info@daiwa-trd.co.jp
ACTIVITIES
Import, wholesale of jewelry
BRANCHES
Nil
FACTORY(IES
(subcontracted)
OFFICERS
KAZUO OTSUKA, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 380 M
PAYMENTS REGULAR CAPITAL Yen 40 M
TREND SLOW WORTH Yen 69 M
STARTED 1981 EMPLOYES 12
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN JEWELRY. FINANCIAL
SITUATION CONSIDERED RATHER WEAK AND DOUBTFUL FOR CREDIT ENGAGEMENTS:
US$125,000 / O/A 30 DAYS.
MAX CREDIT LIMIT: YEN 5.7 MILLION, 30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The subject company was established by Kazuo Otsuka in order to
make most of his experience in the subject line of business. This is a trading company, owned and managed
by the Otsuka family, for import and wholesale of jewelry. Originally an import division of Yazawa KK,
a wholesaler of jewelry, Tokyo, and became independent. The subject imports goods from India, China, Taiwan, etc.
FINANCIAL INFORMATION
The financials are only partially disclosed.
The sales volume for Jul/2006 fiscal term amounted to Yen 380
million, a 5% down from Yen 400 million in the previous term. This is referred to sluggish consumer
spending that continued. The net profit
remained similar at Yen 1 million.
For the current term ending Jul 2007 the net profit is projected
at Yen 1 million, on a 5% recovery in turnover, to Yen 400 million. Weaker Yen may uplift sales amount in Yen
terms.
The financial situation is considered RATHER WEAK but should be
good for MODERATE business engagements.
The proposed amount, however, is considered TOO HIGH from the recent
financial status. Max credit limit is
estimated at Yen 5.7 million, on 30 days normal terms.
REGISTRATION
Date Registered : Aug 1981
Legal Status :
Limited Company (Kabushiki Kaisha)
Authorized :
320,000 shares
Issued :
60,000 shares
Sum :
Yen 40 million
Major shareholders (%)
Kazuo Otsuka (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: Imports and wholesales jewellery.
Clients
[Jewelry stores, jewelry processors, chain stores] Yamano Jewelry Systems,
Gold House International, Pola Cosmetics Inc, other.
No. of accounts
200
Domestic areas of activities
Centered in greater-Tokyo
Suppliers
[Mfrs, wholesalers] Gem Marketing, Ever Trading, Tamura Shokai,
Takada, Kiritani, other. Also imports
from India, Taiwan, China (Hong Kong), other.
Payment record
Regular
Location
Business area in Tokyo.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
SMBC (Ueno)
Shoko Chukin Bank (Ueno)
Relations: Satisfactory
FINANCES
(In
Million Yen)
|
Terms Ending: |
|
31/07/2007 |
31/07/2006 |
31/07/2005 |
|
|
Annual
Sales |
|
400 |
380 |
400 |
|
|
Recur.
Profit |
|
.. |
.. |
.. |
|
|
Net
Profit |
|
1 |
1 |
1 |
|
|
Total
Assets |
|
|
N/A |
N/A |
|
|
Net
Worth |
|
|
69 |
68 |
|
|
Capital,
Paid-Up |
|
|
40 |
40 |
|
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
|
|
<Analytical
Data> |
(%) |
(%) |
(%) |
||
|
S.Growth Rate |
5.26 |
-5.00
|
0.00 |
||
|
Current Ratio |
|
|
.. |
.. |
|
|
N.Worth Ratio |
|
.. |
.. |
||
|
N.Profit/Sales |
0.25 |
0.26 |
0.25 |
||
Note: Financials are
only partially disclosed.
Forecast (or
estimated) for the 31/07/2007 fiscal term.
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|