MIRA
INFORM REPORT
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Report Date : |
09.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
J D DIAMOND CORPORATION |
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Registered Office : |
Daini Kopo Shimada 101, 2-3-22 Takabatake Kofu Yamanashi-Pref 400-0042, Japan |
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Date of Incorporation : |
2005 |
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Legal Form : |
Limited Company |
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Line of Business : |
Importer and wholesalers of polished diamonds. |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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Status : |
New Concern |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
NAME
J D DIAMOND CORPORATION
REGD NAME
J. D. Diamond KK
MAIN OFFICE
Daini Kopo Shimada 101, 2-3-22 Takabatake Kofu Yamanashi-Pref 400-0042 JAPAN
Tel : Not disclosed
Fax : Not disclosed
URL :
N/A
ACTIVITIES
Import, wholesale of polished diamonds
BRANCHES
Nil
FACTORY(IES)
(subcontracted)
OFFICER(S)
J DEEPAK, PRES
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 100 M*
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND UNDETD WORTH Yen 10 M
STARTED 2005 EMPLOYES 2
*.. Sales target for the initial 31/03/2006 fiscal term.
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN POLISHED DIAMONDS. FINANCIAL SITUATION UNDETERMINED DUE TO THE RECENT INCEPTION BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: NO ASSESSMENT IN THE ABSENCE OF PROVEN BUSINESS. ANY CREDIT TO BE RECOMMENDED ON FULLY GUARANTEED TERMS.
HIGHLIGHTS
The subject company was established by J Deepak, an Indian resident businessman, in order to make most of his experience in the subject line of business. This is a trading house for import and wholesale of polished diamonds and other gem stones. The subject firm does not disclose full managerial details only except as outlined in this report. Outside information is also extremely limited with phone/Fax numbers not registered with the local telephone office. All the information contained here is, therefore, obtained from outside sources.
The sales volume for the initial accounting term ending Mar/2006 fiscal term is reportedly targeted at Yen 100 million.
Both the financial situation and business trends are not determined due to the recent inception but should be good for MODERATE business engagements. Max credit limit is unable to be assessed due to the absence of proven business records. We recommend that ANY CREDITS to be on fully secured & guaranteed terms.
REGISTRATION
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Date Registered |
Mar 2005 |
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Legal Status |
Limited Company (Kabushiki Kaisha) |
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Authorized |
800 shares |
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Issued |
200 shares |
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Sum |
Yen 10 million |
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Major shareholders (%) |
J Deepak (100) |
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Nothing detrimental is known as to the commercial morality of executives. |
OPERATION
Activities
Imports and wholesales polished diamonds, other gem stones (--100%). Goods are partially subcontracted mfg to local jewelry processors into jewelry products.
Clients
Jewelry processors, jewelry stores, other
No. of accounts: Unavailable
Domestic areas of activities: Centered in Kofu and the greater-Tokyo
Suppliers
[Mfrs, wholesalers] Imports from India, etc.
Payment record: Regular
Location
Business area in Kofu City, Yamanashi-Pref. Office premises at the caption address are owned and maintained satisfactorily.
Bank References
Kofu Shinkin Bank (H/O) (Reported only, and not confirmed)
Relations: Money deposits & transfer only
FINANCES
(In Million Yen)
NOT AVAILABLE before the initial fiscal term ending 31/03/2006.
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 |