MIRA
INFORM REPORT
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Report Date : |
11.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
ROYAL DIAMOND CO LTD |
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Registered Office : |
Ohmiya
Bldg 2F, 5-13-9 Ueno Taitoku Tokyo 110-0005 |
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Country : |
Japan |
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Date of Incorporation : |
Mar 1998 |
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Legal Form : |
Private Limited Company (Yugen
Kaisha) |
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Line of Business : |
Import and wholesale of
diamonds. |
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
17.6 millions |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name
ROYAL DIAMOND CO LTD
REGD NAME
Royal Diamond YK
MAIN OFFICE
Ohmiya Bldg 2F, 5-13-9 Ueno
Taitoku Tokyo 110-0005 JAPAN
Tel : 03-3839-6005
Fax : 03-3839-2237
URL : N/A
ACTIVITIES
Import, wholesale of diamonds
BRANCHES
Osaka, Kofu
FACTORY(IES)
(subcontracted)
OFFICERS
NAVNIT MEHTA, PRES
Shah M Davesh, s/mgn dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,400 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen 27 M
STARTED 1998 EMPLOYES 20
COMMENT
IMPORTER AND WHOLESALER
SPECIALIZING IN DIAMONDS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 17.6
MILLION, 30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The subject company was established by Navnit Mehta, a resident Indian businessman, in order to utilize his business networks in the subject line of business. This is a trading firm specializing in importing and wholesaling polished diamonds and other gem stones. Goods are supplied steadily from Sanghavi Exports, India and its group firms. ( Sanghavi has its sales office of jewelry products in Tokyo, sharing the office space with the subject). Other than India, import sources include Hong Kong, Thailand, Belgium, Korea, etc. Operates two branches: Osaka & Kofu. Kofu Branch handles jewelry processors as clients. Domestic clients are major jewelry processors, jewelers, etc, nationwide.
FINANCIAL INFORMATION
The subject firm does not disclose financials and the following figures have been verbally collected from the treasurer.
The sales volume for May/2006 fiscal term amounted to Yen 1,400 million, a similar amount in the previous term. The net profit remained similar at Yen 5 million.
For the current term ending Jun 2007 the net profit is projected at Yen 5 million, on a 7% rise in turnover, to Yen 1,500 million. Weaker Yen will help raise sales in Yen terms.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 17.6 million, on 30 days normal terms.
REGISTRATION
Date Registered : Mar 1998
Legal Status : Private Limited Company
(Yugen Kaisha)
Regd Capital : Yen 10 million
Major shareholders (%) : Navnit Mehta (50), Shah M Davesh (50)
No. of shareholders : 2
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and
wholesales polished diamonds, other gemstones (--100%).
Goods are imported from Sanghavi
Exports, India, and its group firms centrally.
Clients
[Jewelry processors, Jewelers]
Kyocera Corp, Nagahori Corp, Gosho Jewel, other.
No. of accounts: 200
Domestic areas of activities:
Centered in greater-Tokyo, extending into Osaka region
Suppliers
[Mfrs, wholesalers] Imports centrally from Sanghavi Exports Pvt Ltd (India) and group firms in Thailand, Hong Kong, Belgium, USA, Korea, etc.
Payment record: Regular
Location
Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References
SMBC (Asakusa)
Asahi Shinkin Bank (H/O)
Relations: Satisfactory.
FINANCES
(In Million Yen)
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Terms
Ending: |
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31/05/2007 |
31/05/2006 |
31/05/2005 |
31/05/2004 |
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Annual
Sales |
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1,500
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1,400
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1,400
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1,400
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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5 |
5 |
5 |
5 |
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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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27 |
22 |
17 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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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 |
7.14 |
0.00 |
0.00 |
1,547.06
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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 |
0.33 |
0.36 |
0.36 |
0.36 |
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Note: Financials are not openly disclosed, and these figures have been verbally collected from the treasurer.
Forecast (or estimated) for the
31/05/2007 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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