MIRA
INFORM REPORT
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Report Date : |
13th March, 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 Tokyo 110-0016, Japan |
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Country : |
Japan |
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Financials (as on) : |
31.07.2006
(Projected) |
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Date of Incorporation : |
April 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,
jewellery. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company name
AMI IMPEXCO LTD
REGD NAME
Ami Impex KK
MAIN OFFICE
Masuda Bldg 5F, 4-5-7 Taito Taitoku Tokyo 110-0016 JAPAN
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,
jewellery
BRANCHES
Kofu, Kobe, Osaka
OVERSEAS
India (Raj Gems – Headquarters), Bangkok, Hong Kong, Belgium
FACTORY(IES)
(subcontracted)
OFFICERS
RAKESH J SHAH, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,713 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen 46 M
STARTED 1993 EMPLOYES 8
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN POLISHED DIAMONDS
& JEWELRY, OWNED BY RAJ GEMS, INDIA.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
HIGHLIGHTS
The subject company was established by Rakesh J Shah, an
Indian resident, as Japan marketing
office of Raj Gems, India. He is elder
son of J B Shah, founder and owner of Raj Gems, India. This is a trading firm specializing in
importing & wholesaling polished diamonds from
India, and from Israel, Belgium, Hong Kong, etc. About 65% of the goods are supplied from Raj Gems.
Goods are shipped to jewelry processors, jewelers centrally in
greater-Tokyo area, extending into
Kofu, Yamanashi-Pref, a hub of jewelry factories and workshops, where the firm
operates a branch office. Also covers
greater-Osaka region by its Osaka and Kobe Branch Offices. Financials are only partially disclosed.
FINANCIAL INFORMATION
The sales volume for Jul/2005 fiscal term amounted to Yen
2,713 million, a 0.7% down from Yen 2,734 million in the previous term. This is referred to sluggish consumer
demand. The net profit, on the other hand,
increased to Yen 6 million from Yen 5 million a year ago.
For the term ended Jul 2006 the net profit is said posted at
Yen 6 million, on a 1.4% rise in turnover, to Yen 2,750 million. This is professed by the firm and not
attested. We therefore take this figure
as estimated only.
The financial situation is considered maintained FAIR and
good for ORDINARY business engagements.
Max credit limit is estimated at Yen 48 million, on 30 days normal
terms.
REGISTRATION
Date Registered : Apr
1993
Legal Status :
Limited Company (Kabushiki Kaisha)
Authorized :
800 shares
Issued :
200 shares
Sum :
Yen 10 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, India, other
from Israel, Belgium, Hong Kong, Thailand, etc.
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 (--India), Kay
Diamonds NV (Belgium), other.
Payment record
Regular
Location
Business area Tokyo.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
Bank of India (Tokyo)
Mizuho Bank (Ueno)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/07/2006 |
31/07/2005 |
31/07/2004 |
31/07/2003 |
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Annual Sales |
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2,750 |
2,713 |
2,734 |
1,934 |
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Recur. Profit |
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.. |
.. |
.. |
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Net Profit |
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6 |
6 |
5 |
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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46 |
40 |
35 |
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Capital, Paid-Up |
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10 |
10 |
10 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
1.36 |
-0.77 |
41.37 |
10.51 |
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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 |
0.22 |
0.22 |
0.18 |
0.26 |
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Financials are only partially disclosed.
Forecast (or estimated) for the 31/07/2006 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%)