MIRA INFORM REPORT

 

 

Report Date :

09.07.2007

 

IDENTIFICATION DETAILS

 

Name :

JYUKI CO LTD

 

 

Registered Office :

Tsukaguchi Sansantown 1 Bankan 2F, 2-1-3 Minamitsukaguchi Amagasaki City Hyogo-Pref 661-0012

 

 

Country :

Japan

 

 

Date of Incorporation :

Nov 2006

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Import, wholesale of jewelry

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

New Company

 

 

Payment Behaviour :

Regular

 

 

Litigation :

--

 

 


name

 

JYUKI CO LTD

 

 

REGD NAME

 

KK Jyuki

 

 

MAIN OFFICE

 

Tsukaguchi Sansantown 1 Bankan 2F, 2-1-3 Minamitsukaguchi Amagasaki City Hyogo-Pref 661-0012 JAPAN

Tel        : 06-6426-0305

Fax       : 06-6426-0304

*.. Registered at: 2-11-4 Tsukushigaoka Kitaku Kobe 651-1212

URL      : N/A

 

 

ACTIVITIES

 

Import, wholesale of jewelry from Thailand

 

 

BRANCHES

 

Nil

 

 

OFFICERS

 

YURIKO YOSHIOKA, PRES

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES        UNDETD                       A/SALES          Yen 40 M*

PAYMENTS      REGULAR                     CAPITAL           Yen 3 M

TREND             UNDETD                       WORTH            Yen 3 M

STARTED         2006                             EMPLOYES      2

*Targets only for the initial 31/08/2007 accounting term.

 

 

 

 

 

 

 

COMMENT

 

IMPORTER SPECIALIZING IN JEWELRY.  FINANCIAL SITUATION UNDETERMINED DUE TO THE RECENT INCEPTION BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: UNABLE TO BE ASSESSED DUE TO THE LACK OF PROVEN BUSINESS.  ALL CREDITS ARE RECOMMENDED ON SECURED TERMS. 

 

 

HIGHLIGHTS

           

The subject company was established by Yuriko Yoshioka in order to make most of her experience in the subject line of business.  Newly established firm registered in Nov/2006 and the actual business operations started only Jan 2007.  Specializes in import and wholesale of jewelry, imported from Thailand to start with.  Aims to expand import sources other than one source.  

 

 

FINANCIAL INFORMATION

           

The sales volume for the initial term ending Aug 2007 are targeted at Yen 40 million, according to the treasurer.

 

Both the financials situation and business trends are not determined due to the recent inception but should be good for MODERATE business engagements.  Max credit limit is unable to be assessed due to the lack of proven business records.  All credits are recommended on fully secured terms. 

 

 

REGISTRATION

 

Date Registered:            Nov 2006

Legal Status:                 Limited Company (Kabushiki Kaisha)

Authorized:                    240 shares

Issued:                          60 shares

Sum:                            Yen 3 million

Major shareholders (%): Yuriko Yoshioka (100)

           

Nothing detrimental is known as to her commercial morality.

 

 

OPERATION

 

Activities: Imports and wholesales jewelry, from Thailand (100%)

 

Clients: Local jewelry stores, jewelry processors, other 

 

No. of accounts: Unavailable

 

Domestic areas of activities: Centered in greater-Osaka

 

Suppliers: [Mfrs, wholesalers] Imports from Thailand

 

Payment record: Regular

 

Location: Business area in Kobe.  Office premises at the caption address are leased and maintained satisfactorily.

 

 

Bank References

 

SMBC (Fukaguchi)

 

Relations: Money deposits and transfers only.

 

 

FINANCES

 

(In Million Yen)

 

NOT MADE AVAILABLE UNTIL CLOSING 31/08/2007 FISCAL TERM.

 


 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions