MIRA
INFORM REPORT
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Report Date : |
14.07.2007 |
IDENTIFICATION DETAILS
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Name : |
AMI IMPEX CO LTD |
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Registered Office : |
Masuda Bldg 5F, 4-5-7 Taito Taitoku |
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Country : |
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Financials (as on) : |
31.07.2006 |
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Date of Incorporation : |
Apr 1993 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Import, wholesale of polished
diamonds, precious metals, jewelry |
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
AMI IMPEX CO LTD
REGD NAME
Ami Impex KK
MAIN OFFICE
Masuda Bldg 5F,
4-5-7 Taito Taitoku
Tel : 03-3832-3006
Fax : 03-3832-3002
URL : http://www.seekandsource.com/rajgems/
E-Mail
address: kunthuraj@yahoo.com
ACTIVITIES
Import,
wholesale of polished diamonds, precious metals, jewelry
BRANCHES
OVERSEAS
FACTORY(IES)
(subcontracted)
OFFICERS
RAKESH
J SHAH, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 2,550 M
PAYMENTS REGULAR CAPITAL Yen 20 M
TREND SLOW WORTH Yen
52 M
STARTED 1993 EMPLOYES 8
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN POLISHED DIAMONDS &
JEWELRY, OWNED BY RAJ GEMS,
HIGHLIGHTS
The subject company was established by Rakesh J Shah, an Indian
resident, as
FINANCIAL INFORMATION
The sales volume for Jul/2006 fiscal term amounted to Yen 2,550 million, a 6% down from Yen 2,713 million in the previous term. This is referred to sluggish consumer demand. The net profit decreased to Yen 5 million from Yen 6 million a year ago.
For the current term ending Jul 2007 the net profit is projected at Yen 5 million, on a 4% rise in turnover, to Yen 2,650 million. The firm is in process of increasing capitals to Yen 40 million within a month or so, says the president.
The financial situation is considered RATHER WEAK but good for MODERATE business engagements.
REGISTRATION
Date
Registered: Apr 1993
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 800 shares
Issued: 400 shares
Sum: Yen 20 million
Major shareholders (%): Rakesh J Shah (100)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales polished diamonds, other gem
stones & precious metals, jewelry products (--100%).
65% of the goods are supplied from Raj Gems,
Diamonds and precious metals are partially subcontracted mfg to local processors into jewelry products.
Clients: [Jewelers, jewelry processors.] Lucky Co, Kashikey, Gem Trading, Taniguchi Hoshoku, other.
No. of
accounts: 500
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Raj Gems, Mohit Diamonds (--
Payment
record: Regular
Location: Business area
Bank References
Bank
of
Mizuho
Bank (Ueno)
Relations:
Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
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31/07/2007 |
31/07/2006 |
31/07/2005 |
31/07/2004 |
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Annual
Sales |
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2,650 |
2,550 |
2,713 |
2,734 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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5 |
5 |
6 |
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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62 |
46 |
40 |
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Capital,
Paid-Up |
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20 |
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 |
3.92 |
-6.01 |
-0.77 |
41.37 |
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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 |
0.19 |
0.20 |
0.22 |
0.18 |
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Financials
are only partially disclosed.
Forecast
(or estimated) for the 31/07/2007 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%)