MIRA
INFORM REPORT
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Report Date : |
09.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
WORLD
SHINER KK |
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Registered Office : |
Kiriya Bldg 2F,
1-25-9 Higashiueno Taitoku Tokyo 110-0015 |
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Country : |
Japan |
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Date of Incorporation : |
January,
2006 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Imports and wholesales polished
diamonds from India |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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Status : |
Undetermined |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company name
WORLD SHINER KK
REGD NAME
World Shiner KK
MAIN OFFICE
Kiriya Bldg 2F,
1-25-9 Higashiueno Taitoku Tokyo 110-0015 JAPAN
Tel :03-5807-1441
Fax : 03-5818-2031
URL : http://www.worldshiner.com/
E-Mail
address : japan@worldshiner.com
ACTIVITIES
Import,
wholesale of polished diamonds
BRANCHES
Nil
OFFICERS
SHIRISH
VANMALI, PRES (Indian resident)
Yen Amount
In
million Yen, unless otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 100 M*
PAYMENTS REGULAR CAPITAL Yen 21 M
TREND UNDETD WORTH Yen
21 M
STARTED 2006 EMPLOYES 2
*..
Sales targets only
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: UNBLE TO BE ASSESSED DUE TO LACK OF PROVEN BUSINESS.
ANY CREDITS TO BE REOMMENDED ON FULLY GUARANTEED TERMS.
HIGHLIGHTS
The
subject company was established as a marketing office by World Shiner,
Australia for importing polished
diamonds from India centrally.
Established in Jan 2006, the actual operations started in August 2006, with
clients and marketing networks still in the developing stage, says S Vanmali.
Sales are targeted at Yen 100 million for the initial one year.
The
financial situation is undetermined due to the recent inception but should be
good for MODERATE business engagements.
Max credit limit is unable to be assessed in the absence of proven
business records. We recommend any
credits to be on fully guaranteed terms.
REGISTRATION
Date
Registered : Jan 2006
Legal
Status : Limited Company
(Kabushiki Kaisha)
Authorized : 420 shares
Issued : 420 shares
Sum : Yen 21 million
Major shareholders (%)
Shirish
Vanmali (100)
Nothing
detrimental is known as to his commercial morality of executives.
OPERATION
Activities:
Imports and wholesales polished diamonds from India (100%)
Clients
Jewelry
processors, jewelry stores, other (still under review)
No. of accounts
Unavailable
Domestic areas of activities
Centered
in greater-Tokyo
Suppliers
[Mfrs]
Imports from India.
Payment record
Regular
Location
Business
area in Tokyo. Office premises at the
caption address are leased and maintained satisfactorily.
Bank References
SMBC
(Ueno)
Relations:
Money deposits & transfer only
FINANCES
(In
Million Yen)
Unavailable
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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