MIRA
INFORM REPORT
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Report Date : |
22.06.2007 |
IDENTIFICATION DETAILS
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Name : |
EMA JAPAN CO LTD |
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Registered Office : |
Kazu IT Bldg 905, 2-10-27 Minamisemba Chuoku |
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Country : |
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Date of Incorporation : |
Apr 2001 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Import, wholesale of diamonds,
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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Status : |
Moderate |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name
EMA JAPAN CO LTD
REGD NAME
EMA
MAIN OFFICE
Kazu IT Bldg 905,
2-10-27 Minamisemba Chuoku
Tel : 06-6253-6565
Fax : 06-6253-6566
URL : N/A
ACTIVITIES
Import,
wholesale of diamonds, jewelry
BRANCHES
FACTORY(IES)
(Subcontracted)
OFFICERS
TAKANORI
KONDO, PRES
Hiroki
Tsuchiyama, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 1,100 M
PAYMENTS REGULAR CAPITAL Yen 20 M
TREND SLOW WORTH Yen
9 M
STARTED 2001 EMPLOYES 5
COMMENT
IMPORTER OF DIAMONDS & JEWELRY.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject company was established by EMA,
FINANCIAL INFORMATION
The firm does not disclose full financials, except for the 31/12/2003 fiscal term, and only partial figures are available.
The sales volume for Dec/2005 fiscal term amounted to Yen
1,000 million, a 5% up from Yen 950 million in the previous term. Business started in Jan 2005. The net profit was posted at Yen 13 million,
up from Yen 10 million a year ago.
Note: For the 31/12/2003 fiscal term, the firm reported total assets Yen 151 million, current assets Yen 149 million, fixed assets Yen 2 million, net worth Yen (-) 13 million, retained earnings Yen (-) 38 million.
For the term ended Dec 2006 the net profit is believed posted at Yen 15 million, on an estimated 10% rise in turnover, to Yen 1,100 million. Final results will be made available Apr onwards. The net worth is reportedly Yen 9 million.
The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements. Net worth is reportedly short of the paid-in capital of Yen 20 million.
REGISTRATION
Date
Registered: Apr 2001
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 1,600 shares
Issued: 400 shares
Sum: Yen 20 million
Major shareholders (%): EMA (
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, exports and wholesales polished diamonds, other gemstones, and jewelry products (--100%).
Imports
diamonds and other gemstones from EMA (
Stones are subcontracted mfg into jewelry products with the
local jewelry processors and exported to
Clients: Jewelry processors, jewelry stores, wholesalers,
other. Also exports to
No. of
accounts: 50
Domestic
areas of activities: Centered in greater-Osaka
Suppliers:
[Mfrs, wholesalers] Imports from EMA (
Payment
record: Regular
Location: Business area in
Bank References
Resona
Bank (Midosuji)
MUFG
(Ueno-Chuo)
Relations:
Satisfactory.
FINANCES
(In
Million Yen)
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Terms Ending: |
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31/12/2006 |
31/12/2005 |
31/12/2004 |
31/12/2003 |
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Annual
Sales |
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1,100 |
1,000 |
0 |
0 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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12 |
10 |
0 |
-2 |
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Total
Assets |
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N/A |
N/A |
151 |
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Net
Worth |
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9 |
-3 |
-13 |
-13 |
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Capital,
Paid-Up |
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20 |
20 |
20 |
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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 |
10.00 |
0.00 |
0.00 |
-100.00 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
-8.61 |
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N.Profit/Sales |
1.09 |
1.00 |
0.00 |
0.00 |
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Note:
Financials are only partially disclosed.
Forecast
(or estimated) for the 31/12/2006 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%)