MIRA
INFORM REPORT
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Report Date : |
15.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
CONTINENTAL DIAMOND CO LTD |
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Registered Office : |
Dia
Palace Okachimachi Bldg V-704, 3-17-1 Taito Taitoku Tokyo 110-0016 |
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Country : |
Japan |
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Date of Incorporation : |
Feb 1997 |
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Legal Form : |
Private Limited
Company (Yugen Gaisha) |
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Line of Business : |
Import, wholesale
of diamonds, pearls, other gemstones |
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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Maximum Credit Limit : |
Yen 10
millions |
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Status : |
Fair |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name
CONTINENTAL DIAMOND CO LTD
REGD NAME
YK Continental Diamond
MAIN OFFICE
Dia Palace Okachimachi Bldg
V-704, 3-17-1 Taito Taitoku Tokyo 110-0016 JAPAN
Tel : 03-3839-5430
Fax : 03-3839-5147
URL : N/A
ACTIVITIES
Import, wholesale of
diamonds, pearls, other gemstones
BRANCHES
Nil
FACTORY(IES)
(Subcontracted)
OFFICERS
BOBBY SHAR, PRES
(Indian resident)
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 550 M
PAYMENTS REGULAR CAPITAL Yen 3 M
TREND STEADY WORTH Yen
39 M
STARTED 1997 EMPLOYES 4
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN POLISHED DIAMONDS AND OTHER GEMSTONES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN
10 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by Bobby Shah, Indian businessman residing in Japan nearly 30 years, in order to make most of his previous experience in the subject line of business. This is a trading firm specializing in importing and wholesaling polished diamonds, pearls, and other gem stones. 80% of the goods are imported from India, Israel, Belgium, Hong Kong, other. Clients are local jewelry processors, jewelry wholesalers, jewelry stores, etc.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Aug/2006 fiscal term amounted to Yen 550 million, a similar amount in the previous term. The net profit remained unchanged at Yen 10 million.
For the current term ending Aug 2007 the net profit is projected at Yen 10 million, on a 4% rise in turnover, to Yen 570 million. Demand is seen recovering. Weaker Yen against foreign currencies is expected to contribute to sales growth in Yen terms.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 10 million, on 30 days normal terms.
REGISTRATION
Date Registered : Feb 1997
Legal Status : Private Limited Company
(Yugen Gaisha)
Regd Capital : Yen 3 million
Major shareholders (%) : Bobby Shah (100)
Nothing detrimental
is known as to his commercial morality.
OPERATION
Activities: Imports and wholesales polished diamonds, pearls, other gem stones (--100%)
Goods are imported
from India, Belgium, Israel, Hong Kong, other.
Stones are partially
processed into jewelry products on consignment to local jewelry processors.
Clients: Jewelry
processors, jewelry wholesalers, jewelry stores, other
No. of accounts: 100
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers: [Mfrs,
wholesalers] Imports from India, Belgium, Israel, Hong Kong, etc.
Payment record:
Regular
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References
Mizuho Bank (Ueno)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms
Ending: |
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31/08/2007 |
31/08/2006 |
31/08/2005 |
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Annual
Sales |
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570 |
550 |
550 |
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Recur.
Profit |
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.. |
.. |
.. |
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Net
Profit |
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10 |
10 |
10 |
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Total
Assets |
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N/A |
N/A |
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Net
Worth |
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39 |
29 |
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Capital,
Paid-Up |
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3 |
3 |
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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 |
3.64 |
0.00 |
10.00
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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 |
1.75 |
1.82 |
1.82 |
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Note: Financials are
only partially disclosed.
Forecast (or
estimated) for the 31/08/2007 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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