MIRA
INFORM REPORT
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Report Date : |
03.09.2007 |
IDENTIFICATION DETAILS
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Name : |
GOLDSTAR JEWELLERY JAPAN CO LTD |
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Registered Office : |
Kase Bldg 402, 3-13-7 Taito Taitoku |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
Mar 2001 |
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Legal Form : |
Private Limited Company
(Kabushiki Gaisha) |
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Line of Business : |
Import, wholesale of diamonds,
Jewellery products |
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 : |
Moderate |
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Payment Behaviour : |
Regular |
name
GOLDSTAR JEWELLERY JAPAN CO LTD
REGD NAME
YK Goldstar
Jewellery
MAIN OFFICE
Kase Bldg 402,
3-13-7 Taito Taitoku
Tel : 03-5807-8060
Fax : 035807-3915
URL : http://www.goldstarjewellery.com
E-Mail
address: japan@goldstarewellery.com
ACTIVITIES
Import,
wholesale of diamonds, Jewellery products
BRANCHES
Nil
OFFICERS
ASHRA
BRIJESH, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 300 M
PAYMENTS REGULAR CAPITAL Yen 3 M
TREND SLOW WORTH Yen
10 M
STARTED 2001 EMPLOYES 2
COMMENT
IMPORTER OF POLISHED DIAMONDS AND JEWELLERY. FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MDOERATE BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject company was established by Goldstar Jewellery,
FINANCIAL INFORMATION
Financials are only partially disclosed and in rounded off
numbers.
The sales volume for Mar/2007 fiscal term amounted to Yen
300 million, a similar amount in the previous term. The net profit marked time at Yen 1 million.
For the current term ending Mar 2008 the net profit is projected at Yen 1 million, on a 3% rise in turnover, to Yen 310 million.
The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.
REGISTRATION
Date
Registered: Mar 2001
Legal
Status: Private Limited
Company (Kabushiki Gaisha)
Regd
Capital: Yen 3 million
Major shareholders (%): Brijesh
Ashra (100)
Nothing
detrimental is known as to his commercial morality.
OPERATION
Activities: Imports and wholesales diamonds, emerald, ruby, sapphire, tourmaline, aquamarine, other precious stones, diamond jewelry, platinum jewelry, other jewelry products (--100%).
Stones
are imported from
Clients:
Jewellery processors, Jewellery store, chain stores, etc
No. of
accounts: 300
Domestic
areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs] Imports from Goldstar Jewellery,
Payment
record: Regular
Location: Business area in
Bank References
Mizuho
Bank (Inaricho)
Asahi
Shinkin Bank (Nishimachi)
Relations:
Satisfactory.
FINANCES
(In
Million Yen)
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Terms Ending: |
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31/03/2008 |
31/03/2007 |
31/03/2006 |
31/03/2005 |
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Annual
Sales |
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310 |
300 |
300 |
207 |
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Recur.
Profit |
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Net
Profit |
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1 |
1 |
1 |
1 |
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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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10 |
9 |
8 |
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Capital,
Paid-Up |
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3 |
3 |
3 |
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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 |
3.33 |
0.00 |
44.93 |
72.50 |
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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 |
0.32 |
0.33 |
0.33 |
0.48 |
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Note:
Financials are only partially disclosed.
Forecast
(or estimated) for the 31/03/2008 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%)