MIRA
INFORM REPORT
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Report Date : |
13.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
DEEDS CORPORATION |
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Registered Office : |
CS Bldg 501, 3-7-6 Motoasakusa Taitoku Tokyo
111-0041 |
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Country : |
Japan |
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Date of Incorporation : |
October
2002 |
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Legal Form : |
Private Limited Company (Yugen
Kaisha) |
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Line of Business : |
Import, wholesale of diamonds, jewellery |
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 : |
-- |
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Litigation : |
-- |
Company name
DEEDS CORPORATION
REGD NAME
YK Deeds Corporation
MAIN OFFICE
CS Bldg 501, 3-7-6 Motoasakusa Taitoku Tokyo
111-0041 JAPAN
Tel :
03-5828-9006
Fax :
03-5828-0906
URL : N/A
ACTIVITIES
Import, wholesale of diamonds, jewellery
BRANCHES
Nil
OFFICERS
DHARMESH JHAVERI, PRES (Indian
resident)
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 50 M*
PAYMENTS REGULAR CAPITAL Yen 3 M
TREND UNDETD WORTH Yen 3 M**
STARTED 2002 EMPLOYES 1
*.. Estimated only.
**.. Expressed by the capital amount.
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN
POLISHED DIAMONDS & JEWELRY.
FINANCIAL SITUATION UNDETERMINED DUE TO THE LACK OF FINANCIALS (NOT
DISCLOSED), BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: UNABLE TO BE ASSESSED
DUE TO THE LACK OF PROVEN BUSINESS. ALL
CREDITS ARE RECOMMENDED ON FULLY
GUARANTEED TERMS.
HIGHLIGHTS
The subject company was established by
Dharmesh Jhaveri, an Indian businessman residing in Japan, in order to make
most of his experience in the subject line of business. This is a one-man
operated firm specializing in import and wholesale of polished diamonds & jewellery.
Goods are imported from India centrally.
The firm does not disclose financials and no other databases are
available.
FINANCIAL INFORMATION
The sales volume for Sept/2005 fiscal
term is believed (only estimated) amounted to Yen 50 million, a % similar
amount in the previous term. Due to
financials undisclosed, we checked with fellow traders in the similar business
line, who say sales could be somewhere between Yen 50 million and Yen 100
million. We employed the conservative
figures.
Both the financial situation and
business trends are not determined due to the absence of proven business
records but should be good for MODERATE business engagements. Max credit limit is unable to be assessed
due to the same reason. Any credits are
recommended on fully secured terms.
REGISTRATION
Date Registered : Oct 2002
Legal Status : Private Limited Company (Yugen Kaisha)
Regd Capital : Yen 3 million
Major shareholders (%)
Dharmesh Jhaveri (100)
Nothing detrimental is known as to his
commercial morality.
OPERATION
Activities: Imports and wholesales
polished diamonds and jewelry (--100%).
Goods are imported centrally from
India.
Clients
Local jewelry processors, jewelry
wholesalers, jewelry stores, other
No. of accounts
Limited
Domestic areas of activities
Centered in greater-Tokyo
Suppliers
[Mfrs, wholesalers] Imports from India
centrally.
Payment record
Regular
Location
Business area Tokyo. Office premises at the caption address are
leased and maintained satisfactorily.
Bank References
Asahi Shinkin Bank (Asakusa)
Relations: Money deposits &
transfers only.
FINANCES
(In Million Yen)
NOT DISCLOSED.
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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