MIRA
INFORM REPORT
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Report Date : |
02.06.2007 |
IDENTIFICATION DETAILS
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Name : |
KRISH JEWELLERY CO |
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Registered Office : |
Matsumoto Bldg 503, 4-27-5 Taito Taitoku |
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Country : |
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Date of Incorporation : |
Mar 2006 |
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Legal Form : |
Private Limited Company (Yugen
Gaisha) |
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Line of Business : |
Import, wholesale of diamond
jewelry |
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 2.2 millions |
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Status : |
New Concern |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
name
KRISH JEWELLERY CO
REGD NAME
Krish Jewellery YK
MAIN OFFICE
Matsumoto Bldg
503, 4-27-5 Taito Taitoku
Tel : 03-5807-1299
Fax : 03-5807-1399
URL : N/A
ACTIVITIES
Import,
wholesale of diamond jewelry
BRANCHES
Nil
FACTORY(IES)
(subcontracted)
OFFICERS
MEHTA
KULDEEP, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 190 M*
PAYMENTS REGULAR CAPITAL Yen 5 M
TREND UNDETD WORTH Yen
5 M
STARTED 2006 EMPLOYES 1
*.. Professed by the pres, Mehta Kuldeep only and not verified by outside sources.
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN DIAMOND JEWELRY. FINANCIAL SITUATION UNDETERMINED DUE TO THE RECENT INCEPTION BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 2.2 MILLION, 30 DAYS, BASED ON GIVEN
FIGURES FROM M KULDEEP AND NOT VERIFIED BY OUTSIDE SOURCES. WE RECOMMEND SECURED TERMS ON NEW TRANSACTIONS.
HIGHLIGHTS
The subject company was established by Mehta Kuldeep, Indian
resident, in order to make most of his precious experience in jewelry
business. A one-man operated company for
import and wholesale of diamond jewelry centrally. Goods are imported from
FINANCIAL INFORMATION
The sales volume for the initial fiscal term ended Feb/2007 amounted to Yen 190 million, as professed by Mehta Kuldeep. We have not other sources to verify these figures.
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 estimated at Yen 2.2 million, 30 days terms, based on the professed figures from the parent, Mehta Kuldeep. We have not other outside sources to verify these figures, and recommend, pending proven business, that any credits on new transactions to be on secured terms.
REGISTRATION
Date
Registered: Mar 2006
Legal
Status: Private Limited
Company (Yugen Gaisha)
Regd
Capital: Yen 5 million
Major shareholders (%): Mehta Kuldeep (100)
Nothing
detrimental is known as to his commercial morality.
OPERATION
Activities: Imports and wholesales diamond jewelry (100%)
Clients:
Local jewelers, jewelry processors, consumers, other
No. of
accounts: Unavailable
Domestic
areas of activities: Centered in greater-Tokyo
Suppliers:
[Mfrs, wholesalers] Imports from
Payment
record: Regular
Location: Business area in
Bank References
SMBC
(Ueno)
Asahi
Shinkin Bank (Nishimachi)
Relations:
Money deposits and transfers only.
FINANCES
(In
Million Yen)
NOT
MADE AVAILABLE
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%)