MIRA
INFORM REPORT
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Report Date : |
09.10.2007 |
IDENTIFICATION DETAILS
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Name : |
SEKAI BOEKI LTD |
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Registered Office : |
2-11 Ohtamachi Yamanashi |
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Country : |
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Financials (as on) : |
31.05.2007 |
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Date of Incorporation : |
Sept 1996 |
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Legal Form : |
Private Limited Company (Yugen
Gaisha) |
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Line of Business : |
Import, wholesale of polished
diamonds, 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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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
name
SEKAI BOEKI LTD
REGD NAME
Sekai Boeki YK
MAIN OFFICE
2-11 Ohtamachi
Yamanashi Kofu-Pref 400-0865
Tel : 055-226-4951
Fax : 055-226-4964
URL : N/A
ACTIVITIES
Import,
wholesale of polished diamonds, other gemstones
BRANCHES
Nil
FACTORY(IES)
(subcontracted)
OFFICER(S)
NAVEEN
SONKIYA, PRES (Indian resident)
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,100 M
PAYMENTS REGULAR CAPITAL Yen 40 M
TREND STEADY WORTH Yen
96 M
STARTED 1996 EMPLOYES 5
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN DIAMONDS AND OTHER GEMSTONES. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject company was established by Naveen Sonkiya, an
Indian resident, in order to make most of his experience in the subject line of
business. Utilizing his networks both in
FINANCIAL
INFORMATION
Financials are only partially disclosed.
The sales volume for May/2007 fiscal term amounted to Yen 1,100 million, a 10% up from Yen 1,000 million in the previous term. Weaker Yen assisted to uplift sales in Yen terms. The net profit remained similar at Yen 8 million.
For the current term ending May 2008 the net profit is projected at Yen 10 million, on a 9% rise in turnover, to Yen 1,200 million. Business appears to be on the upswing.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements.
REGISTRATION
Date
Registered: Sept 1996
Legal
Status: Private Limited
Company (Yugen Gaisha)
Regd
Capital: Yen 40 million
Major
shareholders (%): Naveen Sonkiya (100)
Nothing
detrimental is knows as to his commercial morality.
OPERATION
Activities: Imports and wholesales polished diamonds and other gemstones (--100%).
Goods are imported solely from
Clients: [Jewelry processors, jewelry stores] Ishitomo Co, other.
No. of
accounts: 300
Domestic
areas of activities: Centered in greater-Tokyo
Suppliers:
[Mfr] Imports from S Naveen Jewelers,
Payment
record: Regular
Location: Business area in
Bank References
Yamanashi Chuo Bank (Minami)
Mizuho
Bank (
Relations:
Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
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31/05/2008 |
31/05/2007 |
31/05/2006 |
31/05/2005 |
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Annual
Sales |
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1,200 |
1,100 |
1,000 |
1,000 |
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Recur.
Profit |
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Net
Profit |
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10 |
8 |
8 |
8 |
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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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96 |
88 |
80 |
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Capital,
Paid-Up |
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40 |
40 |
40 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
9.09 |
10.00 |
0.00 |
-9.09 |
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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 |
0.83 |
0.73 |
0.80 |
0.80 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/05/2008 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. |
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%)