MIRA INFORM REPORT

 

 

Report Date :

1st March, 2007

                                                         

IDENTIFICATION DETAILS

 

Name :

J B JAPAN LTD

 

 

Registered Office :

Aota Bldg 9F, 3-42-5 Ueno Taitoku Tokyo 110-0005, Japan

 

 

Country :

Japan

 

 

Date of Incorporation :

July 2003

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Import, wholesale of diamonds, diamond jewelry.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Maximum Credit Limit :

Yen 6.4 Million

 

 

Status :

Fair

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

 

Company Name

 

J B JAPAN LTD

 

 

REGD NAME

 

J B Japan KK

 

 

MAIN OFFICE

 

Aota Bldg 9F, 3-42-5 Ueno Taitoku Tokyo 110-0005 JAPAN

Tel                    : 03-3833-8313    

Fax                   : 03-3833-8323

URL                  : http://www.ibgroupworldwide.com

E-Mail address  : ibjtokyo@ibgroupworldwide.com

 

 

ACTIVITIES

 

Import, wholesale of diamonds, diamond jewelry

 

 

BRANCHES

 

Osaka

 

 

FACTORY(IES)

 

(subcontracted)

 

 

OFFICERS

 

BIRJIBBAI BINU KUKADIA, PRES

Balubhi Hiren Patel, dir

U Binu Kukadia, dir

 

 

Yen Amount

 

In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES        FAIR                             A/SALES          Yen 550 M

PAYMENTS      REGULAR                     CAPITAL           Yen 25 M

TREND             STEADY                       WORTH            Yen 50 M

STARTED         2003                             EMPLOYES      4

 

 

COMMENT

 

IMPORTER AND WHOLESALER SPECIALIZING IN PLISHED DIAMONDS..

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

 

MAX CREDIT LIMIT: YEN 6.4 MILLION, 30 DAYS, RECOMMENDING SECURED TERMS ON NEW TRANSACTIONS.  .

 

 

HIGHLIGHTS

 

The subject company was established by as a branch office in Japan by JB Group, India.  Founded 1965 for marketing their products in Japan.  Incorporated in 2003.  B B Kukadia is a relative of Bhavagan Kukudia, co-founder of the Indian principal.  The subject is a trading firm for importing and wholesaling polished diamonds from India, and diamond jewelry & other      jewelry products from Hong Kong, Thailand, other.  The information relative to the firm is limited and we have directly contacted the firm and obtained the information contained herein.

 

 

FINANCIAL INFORMATION

 

The financials are not disclosed and the figures given here have been verbally obtained from the director, B H Patel.  The financials, however, have not been confirmed or verified from outside sources.

 

The sales volume for Jul/2005 fiscal term amounted to Yen 550 million, a 10% up from Yen 500 million in the previous term.  The client networks expanded thanks to marketing efforts.  The net profit is not disclosed.  We estimate Yen 20 to 25 million should have been posed, but not verified.

 

For the current term ending Jul 2007 the net profit is projected at Yen 25 million, on a 5% rise in turnover, to Yen 570 million.

 

The financial situation is considered maintained FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 6.4 million, 30 days, recommending secured terms on new transactions.  This is because financials are only professed by the firm and not verified by outside sources.

 

 

REGISTRATION

 

Date Registered : Jul 2003

Legal Status                  : Limited Company (Kabushiki Kaisha)

Authorized                     : 500 shares

Issued                           : 500 shares

Sum                             : Yen 25 million

 

Major shareholders (%)   

 

Birjibhai Binu Kukadia (100)

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

 

Activities: Imports and wholesales polished, precut diamonds from India (60%), diamond     jewelry and other jewelry products from Hong Kong, Thailand, etc (--40%). Also processes diamonds into jewelry products on consignment.

 

 

Clients

 

Jewelry processors, jewelry stores, wholesalers, other.

 

 

No. of accounts

 

400

 

 

Domestic areas of activities

 

Centered in greater-Tokyo

 

 

Suppliers

 

[Mfrs, wholesalers] Imports from India, Hong Kong, Thailand, etc.

 

 

Payment record

 

Regular

 

 

Location

 

Business area in Tokyo.  Office premises at the caption address are leased and maintained satisfactorily.

 

 

Bank References

 

SMBC (Ueno)

State Bank of India (Tokyo)

Relations: Money deposits and transfers only.

 

 

FINANCES

 

(In Million Yen)

NOT MADE AVAILABLE

 

 

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