MIRA
INFORM REPORT
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Report Date : |
16.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
J K GEMS CO LTD |
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Registered Office : |
Nagumo
Bldg 2F, 1-24-9 Higashiueno Taitoku Tokyo 110-0015 |
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Country : |
Japan |
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Date of Incorporation : |
Dec 2003 |
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Legal Form : |
Private Limited
Company (Yugen Kaisha) |
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Line of Business : |
Import, wholesale
of polished diamonds, other gem stones |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
Yen 2 millions |
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Status : |
Poor |
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
name
J K GEMS CO LTD
REGD NAME
J. K. Gems YK
MAIN OFFICE
Nagumo Bldg 2F, 1-24-9
Higashiueno Taitoku Tokyo 110-0015 JAPAN
Tel : 03-5846-4551
Fax : 03-5846-4552
URL : N/A
ACTIVITIES
Import, wholesale of
polished diamonds, other gem stones
BRANCHES
Nil
FACTORY(IES)
(subcontracted)
OFFICERS
KIRAN SHAR, PRES
(resident Indian)
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 200 M*
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen
15 M
STARTED 2003 EMPLOYES 2
*..
Estimated only
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN POLISHED DIAMONDS. FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS
MAX CREDIT LIMIT: YEN 2 MILLION, FULLY SECURED TERMS RECOMMENDED ON NEW TRANACTIONS.
HIGHLIGHTS
The subject company was established originally by Kiyoshi Midorikawa in order to make most of his Indian partner’s networks in India in the jewelry business. In 2005, the firm was transferred to Kiran Shah, currently pres, and K Midorikawa retired. He has his own company. From the start of the business, K Midorikawa had been a nominal representative of the firm with all business operations managed and controlled by K Shah. This is a trading house for import and wholesale of polished diamonds and other gemstones, from India. Business has been expanding through his networks in India.
FINANCIAL INFORMATION
Financials are not disclosed. No financials are available from outside sources. We have gathered from telephone conversation with K Shah that annual turnover is somewhere between Yen 200 million to Yen 300 million. No outside date to verify the figures.
The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements. Max credit limit is only estimated, from the professed turnover, at Yen 2 million, recommending on fully guaranteed teems on new transactions. Existing clients may see no problem from past transactions.
REGISTRATION
Date Registered: Dec 2003
Legal Status: Private Limited Company (Yugen
Kaisha)
Regd Capital: Yen 10 million
Major shareholders (%): Kiran Shah (100)
Nothing detrimental
is known as to his commercial morality.
OPERATION
Activities: Import, wholesale of polished diamonds, other precious gemstones (--100&)
Clients: Local jewelry processors, mfrs, wholesalers, jewelry stores, other.
No. of accounts: 100
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers: [Mfrs,
wholesalers] Imports from India
Payment record:
Regular
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References
Asahi Shinkin Bank (Ueno)
Relations: Money
deposits and transfers only.
FINANCES
(In Million Yen)
NOT MADE AVAILABLE.
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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