MIRA
INFORM REPORT
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Report Date : |
20th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
KENTOP
INTERNATIONAL CO LTD |
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Registered Office : |
Okinado
Bldg 5F, 1-14-10Higashoueno Taitoku Tokyo, Japan |
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Country : |
Japan |
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Financials (as on) : |
31.03.2007
(Estimated) |
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Date of Incorporation : |
June
1995 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of polished diamonds. |
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 18 Million |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name
KENTOP
INTERNATIONAL CO LTD
REGD NAME
KK
Kentop International
MAIN OFFICE
Okinado
Bldg 5F, 1-14-10Higashoueno Taitoku Tokyo JAPAN
Tel : 03-3839-5503
Fax : 03-3839-5504
URL : N/A
(No plan)
ACTIVITIES
Import, wholesale of polished diamonds
BRANCHES
Nil
FACTORY(IES
(Subcontracted)
OFFICERS
HIROSHI TAKAMISAWA, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 1,517 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen 27 M
STARTED 1995 EMPLOYES 3
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 18 MILLION, 30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The subject company was established by Hiroshi Takamisawa in order
t make most of his experience in the subject line of business. Owned and operated solely by Takamizawa
family, the subject specializes in import and wholesale of precut, polished
diamonds, centrally from India and Israel.
Goods are supplied to jewelry processors and wholesalers.
FINANCIAL INFORMATION
A private and family-based owned company, the subject does not
release full financials except the following partial figures.
The sales volume for May/2006 fiscal term amounted to Yen 1,517
million, a 3% down from Yen 1,560 million in the previous term. Hurt by sluggish consumer spending for
luxuries. The operations plunges into
deficit to register Yen 2 million net losses, compared with Yen 1 million net
profit a year ago.
For the current term ending Mar 2007 the operations are expected
to come back to profitability to register Yen 5 million net profit, on a 2%
rise in turnover, to Yen 1,550 million.
The financial situation is considered RATHER WEAK but should be
good for MODERATE business engagements.
Max credit limit is estimated at Yen 18 million, on 30 days normal
terms.
REGISTRATION
Date Registered :
Jun 1995
Legal Status :
Limited Company (Kabushiki Kaisha)
Authorized :
800 shares
Issued :
200 shares
Sum :
Yen 10 million
Major shareholders (%)
Hiroshi Takamisawa (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: Imports and wholesales polished diamonds, other
gemstones, centrally from India and Israel (--100%).
Clients
Jewelry processors, jewelry stores, other (Details not disclosed)
No. of accounts
500
Domestic areas of activities
Centered in greater-Tokyo
Suppliers
[Mfrs, wholesalers] Imports from India, Israel, other.
Payment record
Regular
Location
Business area in Tokyo.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
Asahi Shinkin Bank (Nishimachi)
Bank of Tokyo-Mitsubishi UFJ (Ueno-Chuo)
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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1,550
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1,517
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1,560
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1,350
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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5 |
-2 |
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 |
29 |
24 |
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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 |
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<Analytical
Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.18 |
-2.76
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15.56
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3.85 |
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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 |
0.32 |
-0.13
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0.32 |
0.37 |
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Note: Financials are
only partially disclosed.
Forecast (or
estimated) for the 31/03/2007 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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