MIRA
INFORM REPORT
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Report Date : |
30.06.2007 |
IDENTIFICATION DETAILS
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Name : |
JEWELERY STUDIO TOKI CO LTD |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
Apr 1989 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Manufacturing, import,
wholesale of gem stones, jewelry products |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
name
JEWELERY STUDIO TOKI CO LTD
REGD NAME
KK Toki
MAIN OFFICE
Tel : 06-6647-0196
Fax : 06-6647-4026
URL : N/A
ACTIVITIES
Mfg,
import, wholesale of gem stones, jewelry products
BRANCHES
Nil
FACTORY(IES)
At the
caption address (processing workshop)
OFFICER(S)
TOKIYURU
KAJIYA, PRES
Takeshi
Ishida, dir
Yukie
Ohta, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 185 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen
86 M
STARTED 1989 EMPLOYES 14
COMMENT
MFR, IMPORTER AND WHOLESALER SPECIALIZING IN JEWELRY. FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR CREDIT ENGAGEMENTS: US$75,000 / O/A 90 DAYS.
HIGHLIGHTS
The subject company was established originally in 1984 by
Tokiyuru Kajiya in order to make most of his experience in jewelry industry, on
his account, and incorporated in 1989.
This is a trading house specializing in jewelry and accessories with
processing division attached. Imports
gem stones and jewelry products from
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Mar/2007 fiscal term amounted to Yen
185 million, a 3% up from Yen 180 million in the previous term. The net profit was posted at Yen 10 million,
unchanged from the previous term.
For the term ended Mar 2007 the net profit was projected at
Yen 9 million, on a 3% rise in turnover, to Yen 190 million. Rising costs of materials and operations
should have worsened profitability.
Weaker Yen should have helped to increase sales amount in Yen terms.
The financial situation is considered RATHER WEAK but should
be good for MODERATE business engagements.
The proposed amount for 90 days terms is considered within the firm’s
financial capacities.
REGISTRATION
Date
Registered: Apr 1989
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major
shareholders (%): Tokiyuru Kajiya & families (--100)
No. of
shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales diamonds, star rubies, platinum, gold, other gem stones & precious metals, and processes them into original brand jewelry products: earring, necklaces, pendants, fingerings, broaches, tie pins, bracelets, other products (--100%).
Offers made-to-order jewelry accessories, including repairing, remodeling services, too.
Goods are partially retailed directly or online.
Goods are imported from
Clients: Jewelry processors, jewelry stores, chain stores, consumers, other (Details not disclosed).
No. of
accounts: 500
Domestic
areas of activities: Centered in greater-Osaka
Suppliers: [Mfrs, wholesalers] Imports from
Also supplied domestically from fellow traders, jewelry processors, other.
Payment
record: Regular
Location: Business area in
Bank References
Resona
Bank (Namba)
MUFG
(Abenobashi)
Relations:
Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
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31/03/2007 |
31/03/2006 |
31/03/2005 |
31/03/2004 |
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Annual
Sales |
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190 |
185 |
180 |
190 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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9 |
10 |
10 |
10 |
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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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86 |
76 |
66 |
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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 |
2.70 |
2.78 |
-5.26 |
0.00 |
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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 |
4.74 |
5.41 |
5.56 |
5.26 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures 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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)