MIRA
INFORM REPORT
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Report Date : |
28.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
KUSHAL IMPEX CO LTD |
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Registered Office : |
Yamashige Bldg 501, 1-24-2 Higashiueno Taitoku Tokyo 110-0015 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
October 1997 |
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Legal Form : |
Private Limited Company (Yugen Kaisha) |
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Line of Business : |
Import, Wholesale of Diamonds, Jewelry 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 & address
KUSHAL IMPEX CO LTD
REGD NAME: YK Kushal Impex
MAIN OFFICE: Yamashige Bldg 501,
1-24-2 Higashiueno Taitoku Tokyo 110-0015 JAPAN
Tel:
03-3836-3751 Fax: 03-3836-3752
URL: N/A
ACTIVITIES
Import, wholesale of diamonds, jewelry products
BRANCHES
Nil
FACTORY(IES)
(subcontracted)
OFFICER(S)
SUNIL KUMAR JAIN, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 720 M
PAYMENTS REGULAR CAPITAL Yen 3 M
TREND SLOW WORTH Yen 60 M
STARTED 1997 EMPLOYES 4
COMMENT
MPORTER
AND WHOLESALER SPECIALIZING IN DIAMONDS.
FINANCIAL
SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS
ENGAGEMENTS.
HIGHLIGHTS
The
subject company was established by Sunil K Jain, an Indian businessman, in
order to make most of his previous experience in the subject line of business. Specializes in importing and wholesaling
diamonds, other gem stones, and jewelry products. Goods are imported from India, Hong Kong, Belgium, etc. Clients are local jewelry processors,
jewelry stores, other.
FINANCIAL INFORMATION
The
subject firm does not release its full financials except the following partial
figures.
The
sales volume for Dec 2006 fiscal term amounted to Yen 710 million, a 1.4% up
from Yen 700 million in the previous term.
The net profit was posted at Yen 15 million, similarly in the previous
period. Business is seen steadily
growing.
For
the term that ended Dec 2007 the net profit is believed posted at Yen 15
million, on a 1% rise in turnover, to Yen 720 million.
The
financial situation is considered RATHER WEAK but should be good for MODERATE
business engagements. Max credit limit
is estimated at Yen 10.5 million, on 30 days normal terms.
REGISTRATION
Date Registered: Oct
1997
Legal Status: Private
Limited Company (Yugen Kaisha)
Regd Capital: Yen
3 million
Major shareholders (%)
Sunil K Jain (80), W Jain (20)
No. of shareholders: 2
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities:
Imports and wholesales diamonds, other gem stones, and jewelry products
(--100%). Goods are imported from
Belgium, India, Hong Kong, other.
Clients
[Jewelry stores, jewelry processors] Mikimoto & Co, K &
Friends, Classic Diamond, other.
No. of accounts
50
Domestic areas of activities
Centered in greater-Tokyo
Suppliers
[Mfrs, wholesalers] Imports from India, Hong Kong, Belgium,
etc.
Payment record
Regular
Location
Business
area in Tokyo. Office premises at the
caption address are leased and maintained satisfactorily.
Bank References
Asahi Shinkin Bank (Nishi)
Bank of India (Tokyo)
Relations: Money deposits & transfers only
FINANCES: (In Million Yen)
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Terms Ending: |
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31/12/2007 |
31/12/2006 |
31/12/2005 |
31/12/2004 |
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Annual
Sales |
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720 |
710 |
700 |
650 |
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Recur.
Profit |
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Net
Profit |
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15 |
15 |
15 |
15 |
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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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60 |
45 |
30 |
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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 |
1.41 |
1.43 |
7.69 |
71.05 |
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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 |
2.08 |
2.11 |
2.14 |
2.31 |
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Notes:
Financial statement not disclosed only except the above partial approx figures.
Forecast
(or estimated) figures for 31/12/2007 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%)