MIRA
INFORM REPORT
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Report Date : |
27.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
TRILOK DIA CO LTD |
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Registered Office : |
Morozumi Bldg 2F, 4-8-2 Taito Taitoku Tokyo 110-0016 |
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Country : |
Japan |
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Date of Incorporation : |
Feb 1992 |
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Legal Form : |
Private Limited Company (Yugen
Kaisha) |
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Line of Business : |
Import, export, wholesale of
diamonds, other precious stones |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Fair |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
name
TRILOK DIA CO LTD
REGD NAME
Trilok Dia YK
MAIN OFFICE
Morozumi Bldg 2F, 4-8-2 Taito Taitoku Tokyo 110-0016 JAPAN
Tel : 03-3837-3161
Fax : 03-3837-3130
URL : Nil
ACTIVITIES
Import, export, wholesale of diamonds, other precious stones
BRANCHES
Nil
FACTORY(IES)
(subcontracted)
OFFICER(S)
PAREKH PRAKASH, PRES (Indian resident)
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 120 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen 37 M
STARTED 1992 EMPLOYES 5 – 10*
*.. Part-timers included.
COMMENT
IMPORTER AND EXPORTER SPECIALIZING IN DIAMONDS. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 2 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by Parekh Prakash, an Indian
businessman residing in Japan over 14 years, in order to make most of his
experience in the subject line of business, utilizing his business networks
both in Japan and India. This is a
trading firm, owned and managed solely by P Prakash, for import, export and
wholesale of diamonds and other precious stones. Goods are imported from India centrally, also from Hong Kong,
Belgium, Thailand, etc. Clients are
local jewelry processors, jewelry stores, other.
FINANCIAL INFORMATION
The subject does not disclose its financials and the following partial figures have been obtained verbally from P Prakash himself. No other database data are available.
The sales volume for Jul/2006
fiscal term amounted to Yen 120 million, a 9% up from Yen 110 million in the
previous term. This is attributed to
the rising diamonds prices, added to the widened clientele networks, according
to P Prakash. The net profit was posted
at Yen 5 million, a similar amount in the previous term.
For the current term ending Jul 2007 the net profit is
projected to mark time at Yen 5 million, on a 5% rise in turnover, to Yen 125
million. The weaker Yen against foreign
currencies could increase sales in Yen terms.
The financial situation is considered maintained FAIR and good
for ORDINARY business engagements.
REGISTRATION
Date Registered: Feb
1992
Legal Status: Private
Limited Company (Yugen Kaisha)
Regd Capital: Yen
10 million
Major shareholders (%): Parekh Prakash (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: Imports, exports and wholesales polished diamonds
and other precious stones, including jewelry products (necklaces, bracelets,
fingerings, etc) (--100%).
Goods are imported from India, Belgium, Thailand, Hong Kong,
etc. (Import 60%, export 40%).
Clients: Jewelry processors, jewelry stores, chain stores,
other. Also exports to Hong Kong, India, Thailand, etc.
No. of accounts: 150
Domestic areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Imports from India, Hong Kong,
Belgium, Thailand, etc.
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
Bank of India (Tokyo)
Relations: Money deposits & transfer only
FINANCES
(In Million Yen)
Not made available
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%)