MIRA
INFORM REPORT
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Report Date : |
17.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
SEKAI BOEKI LTD |
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Registered Office : |
2-11 Ohtamachi Yamanashi Kofu-Pref 400-0865 |
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Country : |
Japan |
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Financials (as on) : |
31.05.2007 |
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Date of Incorporation : |
September 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 JAPAN
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 India and Japan, the firm imports and wholesales polished diamonds and other gem stones. Stones are partially subcontracted mfg into jewelry products. Goods are imported solely from S Naveen Jewellers, India. Clients are jewelry processors, jewelry stores, etc, in Yamanashi-Pref and in the greater-Tokyo region.
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 India.
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, India.
Payment record: Regular
Location: Business area in Kofu City, Yamanashi-Pref. Office premises at the caption address are
leased and maintained satisfactorily.
Bank References
Yamanashi Chuo Bank (Minami)
Mizuho Bank (Kofu)
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%)