MIRA
INFORM REPORT
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Report Date : |
13th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
WORLD SHINER KK |
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Registered Office : |
Kiriya Bldg 2F, 1-25-9 Higashiueno Taitoku
Tokyo 110-0015 |
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Country : |
Japan |
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Date of Incorporation : |
January, 2006 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Imports and wholesales polished diamonds from India |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Undetermined |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company name
WORLD SHINER KK
REGD NAME
World Shiner KK
MAIN OFFICE
Kiriya Bldg 2F, 1-25-9 Higashiueno Taitoku
Tokyo 110-0015 JAPAN
Tel :03-5807-1441
Fax :
03-5818-2031
URL : http://www.worldshiner.com/
E-Mail address : japan@worldshiner.com
ACTIVITIES
Import, wholesale of polished
diamonds
BRANCHES
Nil
OFFICERS
SHIRISH VANMALI, PRES (Indian
resident)
Yen Amount
In million Yen, unless otherwise
stated
SUMMARY
FINANCES UNDETD A/SALES Yen 100 M*
PAYMENTS REGULAR CAPITAL Yen 21 M
TREND UNDETD WORTH Yen 21 M
STARTED 2006 EMPLOYES 2
*.. Sales targets only
COMMENT
IMPORTER AND WHOLESALER
SPECIALIZING IN POLISHED DIAMONDS.
FINANCIAL SITUATION UNDETERMINED DUE TO THE RECENT INCEPTION BUT SHOULD
BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: UNBLE TO BE
ASSESSED DUE TO LACK OF PROVEN BUSINESS. ANY CREDITS TO BE REOMMENDED ON FULLY
GUARANTEED TERMS.
HIGHLIGHTS
The subject company was
established as a marketing office by World Shiner, Australia for importing polished diamonds from India
centrally. Established in Jan 2006, the
actual operations started in August 2006, with clients and marketing networks
still in the developing stage, says S
Vanmali. Sales are targeted at Yen 100
million for the initial one year.
The financial situation is
undetermined due to the recent inception but should be good for MODERATE
business engagements. Max credit limit
is unable to be assessed in the absence of proven business records. We recommend any credits to be on fully
guaranteed terms.
REGISTRATION
Date Registered : Jan 2006
Legal Status : Limited Company (Kabushiki
Kaisha)
Authorized : 420 shares
Issued : 420 shares
Sum : Yen 21 million
Major shareholders (%)
Shirish Vanmali (100)
Nothing detrimental is known as to
his commercial morality of executives.
OPERATION
Activities: Imports and
wholesales polished diamonds from India (100%)
Clients
Jewelry processors, jewelry
stores, other (still under review)
No. of accounts
Unavailable
Domestic areas of activities
Centered in greater-Tokyo
Suppliers
[Mfrs] Imports from India.
Payment record
Regular
Location
Business area in Tokyo. Office premises at the caption address are
leased and maintained satisfactorily.
Bank References
SMBC (Ueno)
Relations: Money deposits &
transfer only
FINANCES
(In Million Yen)
Unavailable
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%)