MIRA INFORM
REPORT
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Report Date : |
17.01.2007 |
IDENTIFICATION DETAILS
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Name : |
OKUNO JEWELLERY LTD |
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Registered Office : |
1-9-1 |
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Country : |
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Date of Incorporation : |
Oct 1987 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Import,
wholesale, retail of cut diamonds, colored stones, 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 10
millions |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name
OKUNO JEWELLERY LTD
REGD NAME
KK Jewellery Naritaya
MAIN OFFICE
1-9-1
Tel: 072-222-2955
Fax: 072-229-4000
*.. Osaka Branch Office at: Okuno Bldg 3F,
1-16-15 Higashi-Shinsaibashi Chuoku
URL : http://www.okunohouseki.com
E-Mail address: info@okunohouseki.com
ACTIVITIES
Import, wholesale, retail of cut
diamonds, colored stones, jewelry products.
BRANCHES
STORE
FACTORY(IES)
(subcontracted)
OFFICERS
TETSURO OKUNO, PRES
Kenji Okuno, dir
Yoshiko Okuno, dir
Yen Amount : In million Yen,
unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 669 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen 82 M
STARTED 1987 EMPLOYES 10
COMMENT
IMPORTER
AND WHOLESALER SPECIALIZING IN DIAMONDS, COLORED STONES AND PRODUCTS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 10 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established originally
in 1951 by Tetsuro Okuno, on his account, for importing cut diamonds and other
precious stones. Incorporated in 1987,
the firm diversified handling items
into jewelry products, such as rings, necklaces, pendants, earrings, bracelets, etc. Stones include diamonds,
emerald, sapphire, ruby, cat’s eye, other.
Partially retails them at its own store, including online sales. Import sources are
FINANCIAL INFORMATION
Financials are only partially disclosed. The sales volume for Sept/2005 fiscal term amounted to Yen 669 million, a 7% up from Yen 627 million in the previous term. The net profit, on the other hand, declined to Yen 11 million from Yen 18 million the previous term. The precious term’s profits are said included some extraordinary income, details not available.
For the term ended Sept/2006 the net profit is was projected and thought posted at Yen 11 million, on a 3% rise in turnover, to Yen 690 million. The final results are yet to be made available.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 10 million, on 30 days normal terms.
REGISTRATION
Date Registered:
Oct 1987
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 400 shares
Issued: 100
shares
Sum: Yen 10 million
Major shareholders (%) : Tetsuro Okuno (50), Shintaro Okuno (24), Kazuko Okuno (15)
No. of shareholders : 7
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, wholesales and retails cut diamonds, emerald, sapphire, ruby, black opal, cat’s-eye, pink tourmaline, blue topaz, corals, other gemstones, platinum, other precious metals (--50%); fingerings, necklaces, broaches, pendant, bracelets, pierced earrings, other jewelry products (--50%).
Goods are imported from
Clients: Jewelry processors, jewelry stores, consumers, other
No. of accounts: 500 (wholesale div)
Domestic areas of activities:
Centered in greater-Osaka
Suppliers: [Mfrs, wholesalers] Imports from
Payment record: Regular
Location: Business area in
Bank References
Kiyo Bank (
Bank of Tokyo-Mitsubishi UFJ
(Sakai-Ekimae)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms
Ending: |
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30/09/2006 |
30/09/2005 |
30/09/2004 |
30/09/2003 |
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Annual
Sales |
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690 |
669 |
627 |
690 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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11 |
11 |
18 |
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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82 |
71 |
53 |
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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 |
3.14 |
6.70 |
-9.13
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-0.86
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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 |
1.59 |
1.64 |
2.87 |
0.14 |
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Note: Financials are only
partially disclosed.
Forecast (or estimated) for the
30/09/2006 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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