MIRA
INFORM REPORT
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Report Date : |
09.10.2007 |
IDENTIFICATION DETAILS
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Name : |
ZANISH LTD |
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Registered Office : |
4-12-9 Minamisemba Chuoku |
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Country : |
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Date of Incorporation : |
Apr 20000 |
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Legal Form : |
Private Limited Company (Yugen
Gaisha) |
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Line of Business : |
Import, wholesale of jewelry |
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. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
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name
ZANISH LTD
REGD NAME
YK Zanish
MAIN OFFICE
4-12-9 Minamisemba
Chuoku
Tel : 06-6253-1577
Fax : 06-6253-1577
URL : N/A
ACTIVITIES
Import,
wholesale of jewelry
BRANCHES
Nil
FACTORY(IES)
(subcontracted)
OFFICERS
AKIRA
INOUE, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 700 M
PAYMENTS REGULAR CAPITAL Yen 3 M
TREND STEADY WORTH Yen
85 M
STARTED 2000 EMPLOYES 4
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN JEWELRY. FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
RECOMMENDING SECURED TERMS ON NEW TRANSACTIONS.
HIGHLIGHTS
The subject company was established by Akira Inoue in order to
make most of his experience in the subject line of business. Specializes in import and wholesale of
precut, polished diamonds. Stones are
imported centrally from
FINANCIAL
INFORMATION
Financials are not disclosed. We have obtained the following figures from A Inoue directly. The figures, however, are not verified by outside sources, but are believed correct.
The sales volume for Jan/2007 fiscal term amounted to Yen 700 million, an 8% rise from Yen 650 million in the previous term. The net profit was posted at Yen 15 million, says the pres. The firm reported pretax profits (disclosed from the Taxation Office) as follows:
Jan/2004 Yen 50 million;
Jan/2003 Yen 61 million
Jan/2002 Yen 69 million
The sales amount at that time was around Yen 1,000 million,
says the pres.
Due to sluggish consumer spending the sales have since been
reduced.
For the current term ending Jan 2008 the net profit is projected at Yen 18 million, on a 5% rise in turnover, to Yen 735 million. The firm is confident this figure can be achieved.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. We, however, recommend fully secured terms on new transactions. Financials are not made available.
REGISTRATION
Date Registered: Apr 20000
Legal
Status: Private Limited
Company (Yugen Gaisha)
Regd
Capital: Yen 3 million
Major shareholders (%): Akira
Inoue (100)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales loose diamonds, other jewelry (--100%).
Goods are imported centrally from
Clients:
Jewelry processors, jewelry stores, other
No. of
accounts: 200
Domestic
areas of activities: Centered in greater-Osaka
Suppliers:
[Mfrs, wholesalers] Imports centrally from
Payment
record: Regular
Location: Business area in
Bank References
Kinki
Osaka Bank (Minami)
Relations:
Satisfactory
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. |
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%)