MIRA
INFORM REPORT
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Report Date : |
13.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
M
OOMORI CO INC |
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Registered Office : |
2-18-7
Takabatake Kofu Yamanashi-Pref 400-0042 |
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Country : |
Japan |
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Date of Incorporation : |
Aug 1985 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and wholesale of diamonds, colored stones and jewelry
products |
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
4.6 millions |
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Status : |
Fair |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name
M OOMORI CO
INC (Note the correct spelling of the firm)
REGD NAME
YK Oomori
MAIN OFFICE
2-18-7 Takabatake Kofu
Yamanashi-Pref 400-0042 JAPAN
Tel: 055-222-5561
Fax: 055-232-8636
*.. Moved to the caption address in Apr 2006 from the former at: 4-7-21 kami-Ishida Kofu Yamanashi-Pref, as given.
URL : N/A
ACTIVITIES
Import, wholesale of
diamonds, colored stones, jewelry products
BRANCHES
Nil
FACTORY(IES)
(Subcontracted)
OFFICERS
MASASHI OOMORI, PRES
Keiko Oomori, dir
Yen Amount : In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 384 M
PAYMENTS REGULAR CAPITAL Yen 9.5 M
TREND STEADY WORTH Yen
47 M
STARTED 1985 EMPLOYES 5
COMMENT
MPORTER AND
WHOLESALER SPECIALIZING IN DIAMONDS, COLORED
STONES, JEWELRY PRODUCTS.
FINANCIAL SITUATION
CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 4.6 MILLION, 30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The subject company was established by Masashi Oomori in order to make most of his experience in jewelry business. This is a family-based trading house, owned and operated by the Oomori family, for importing and wholesaling polished diamonds, alexandrite, other colored gem stones. Handles jewelry products, too. Import sources are India, Thailand, Hong Kong, Israel, USA, etc. Operations are extending into Tokyo and Osaka regions. Clients are jewelry processors, jewelry stores, wholesalers, other.
FINANCIAL INFORMATION
The sales volume for Jul/2006 fiscal term amounted to Yen 384 million, a 3% up from Yen 372 million in the previous term. Business started to revive with consumer spending showing recovery. Net profit was posted at Yen 2 million, up from Yen 1 million a year ago.
For the current term ending Jul 2007 the net profit is projected at Yen 2 million, on a 3% rise in turnover, to Yen 395 million. Business continues steady growth. Weaker Yen may help uplift sales amount in Yen terms.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 4.6 million, on 30 days normal terms.
REGISTRATION
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Date Registered |
Aug 1985 |
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Legal Status |
Private Limited Company (Yugen Kaisha) |
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Regd Capital |
Yen 9.5 million |
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Major shareholders (%) |
Masashi Oomori (53), Yoshikazu Mochizuki (42), Keiko Oomori (5) |
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No. of shareholders |
3 |
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Nothing detrimental is known as to the commercial morality of executives. |
OPERATION
Activities: Imports and wholesales diamonds, alexandrite, other colored stones (70%), jewelry products & accessories, others (--30%).
Goods are imported
from India, Hong Kong, Israel, Thailand, USA, other.
Stones are partially
subcontracted mfg to local jewelry processors into products.
Clients
Jewelry processors,
jewelry stores, other
No. of accounts: 300
Domestic areas of
activities: Centered in Kofu City, extending into Tokyo/Osaka.
Suppliers
[Mfrs. wholesalers] Imports from India, Thailand, Hong Kong, Israel, USA, other. Also supplied from some domestic suppliers.
Payment record:
Regular
Location
Business area in Kofu City, Yamanashi-Pref. Office premises at the caption address are owned and maintained satisfactorily.
Bank References
Yamanashi Chuo Bank
(Kokubo)
Kofu Shinkin Bank
(Nishi)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms
Ending: |
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31/07/2007 |
31/07/2006 |
31/07/2005 |
31/07/2004 |
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Annual
Sales |
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395 |
384 |
372 |
251 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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2 |
2 |
1 |
1 |
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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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47 |
45 |
44 |
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Capital,
Paid-Up |
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9 |
9 |
9 |
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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 |
2.86 |
3.23 |
48.21
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-15.20
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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 |
0.51 |
0.52 |
0.27 |
0.40 |
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Note: Financials are
only partially disclosed.
Forecast (or
estimated) for the 31/07/2007 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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