MIRA
INFORM REPORT
|
Report Date : |
24.05.2007 |
IDENTIFICATION DETAILS
|
Name : |
MOCHIZUKI JEWELS TRADING CO LTD |
|
|
|
|
Registered Office : |
2-9-10 Tokugyo Kofu Yamanashi-Pref 400-0047 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.07.2006 |
|
|
|
|
Date of Incorporation : |
May 1986 |
|
|
|
|
Legal Form : |
Limited Company (Kabushiki
Kaisha) |
|
|
|
|
Line of Business : |
Import, manufacturing, wholesale of diamonds, colored
stones, jewelry products |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
-- |
name
MOCHIZUKI JEWELS TRADING CO LTD
REGD NAME
KK Mochizuki
Kiseki Boeki (Kiseki means precious stones; Boeki means Trading)
MAIN OFFICE
2-9-10 Tokugyo
Kofu Yamanashi-Pref 400-0047 JAPAN
Tel : 055-222-8881
Fax : 055-222-8884
URL : http://www.mochizuki-jewels.com/
E-Mail
address: mkb@yin.or.jp
ACTIVITIES
Import,
mfg, wholesale of diamonds, colored stones, jewelry products
BRANCHES
FACTORY(IES)
At the
caption address
OFFICER(S)
Seisaku
Mochizuki, ch
KAZUHIKO
MOCHIZUKI, DIR
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 710 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen
576 M
STARTED 1986 EMPLOYES 11
COMMENT
MFR, IMPORTER AND WHOLESALER OF DIAMONDS, PRECIOUS STONES AND
JEWELRY PRODUCTS. FINANCIAL SITUATION
CONSIDERED FAIR ANDGOOD FOR CREDIT ENGAGEMENTS: US$150,000 / O/A 60 DAYS
AFTER SHIPMENT DATE
HIGHLIGHTS
The subject company was established originally in 1973 by
Seisaku Mochizuki, now ch at the firm, as a trading firm for importing gem
stones and jewelry, on his account, and was incorporated in 1981. Kazuhiko is the founder’s son. Originally started as a trading firm for
importing diamonds, emerald, sapphire, ruby & other colored stones, and
processing them (on consignment) into jewelry products. In Jun 1990, founded own factory at the
caption address and switched to a jewelry maker. In 1986 opened an office in
FINANCIAL INFORMATION
Financials are only partially disclosed, except for Jul/2004 fiscal term when released in digest form. We have revised the firm’s net worth based on those figures.
The sales volume for Jul/2006 fiscal term amounted to Yen 710 million, a 2% up from Yen 695 million in the previous term. The net profit was posted at Yen 3 million, up from Yen 1 million a year ago. Consumer spending is seen recovering.
For the current term ending Jul 2007 the net profit is projected at Yen 3 million, on a 3% rise in turnover, to Yen 730 million. Consumer demand continues recovering, also weaker Yen will contribute to sales growth in Yen terms.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements.
REGISTRATION
Date
Registered: May 1986
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 80,000 shares
Issued: 20,000 shares
Sum: Yen 10 million
Major shareholders (%): Takako Mochizuki (32), Seisaku Mochizuki (29.5), Kiyomi Mochizuki (13), Kazuhiko
Mochizuki (10)
No. of
shareholders: 9
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports diamonds, sapphire, emerald, ruby, opal, garnet, pearls, other colored stones, and manufactures them into earrings, bracelets, fingerings, necklaces, broaches, pendants, other jewelry products (--100%).
(Import 70%)
Clients: Jewelry processors, jewelry wholesalers, retailers, other.
No. of
accounts: 300
Domestic
areas of activities: Centered in greater-Tokyo, extending into
Suppliers: [Mfrs, wholesalers] Imports from
Also supplied from Tokuriki Honten Co, and some other domestic jewelry processors, etc.
Payment
record: Regular
Location: Business area in
Bank References
Resona
Bank (
Shoko
Chukin Bank (
Relations:
Satisfactory
FINANCES
(In
Million Yen)
|
Terms Ending: |
|
31/07/2007 |
31/07/2006 |
31/07/2005 |
31/07/2004 |
|
|
Annual
Sales |
|
730 |
710 |
695 |
773 |
|
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
|
Net
Profit |
|
3 |
3 |
1 |
1 |
|
|
Total
Assets |
|
|
N/A |
N/A |
983 |
|
|
Net
Worth |
|
|
576 |
573 |
572 |
|
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
||
|
S.Growth Rate |
2.82 |
2.16 |
-10.09 |
-7.43 |
||
|
Current Ratio |
|
|
.. |
.. |
.. |
|
|
N.Worth Ratio |
|
.. |
.. |
58.19 |
||
|
N.Profit/Sales |
0.41 |
0.42 |
0.14 |
0.13 |
||
Notes: Financial
statements are only partially disclosed.
Forecast
(or estimated) figures for the 31/07/2007 fiscal term.
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%)