MIRA INFORM REPORT
|
Report Date : |
03.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
TRILOK DIA CO LTD |
|
|
|
|
Registered Office : |
Morozumi Bldg 2F, 4-8-2 Taito Taitoku Tokyo
110-0016 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.07.2008 |
|
|
|
|
Date of Incorporation : |
February,1992 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Import, Wholesale of Diamonds,
Diamond Jewelry |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Regular |
Name
TRILOK DIA CO LTD
REGD NAME
Trilok Dia YK
MAIN OFFICE
Morozumi Bldg 2F, 4-8-2 Taito Taitoku Tokyo 110-0016 JAPAN
Tel: 03-3837-3161
Fax: 03-3837-3130
URL: http://www.trilok.dia.com/
E-Mail
address:prakash@trilok.dia.com
ACTIVITIES
Import, wholesale of diamonds, diamond jewelry
BRANCHES
Mumbai (India), Hong Kong, Shanghai, Shenzhen (--China),
Taipei, Los Angeles
FACTORY(IES)
Mumbai (India)
OFFICER(S)
PRAKASH P PAREKH, PRES
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,300 M
PAYMENTS REGULAR CAPITAL Yen
10 M
TREND STEADY WORTH Yen
112 M
STARTED 1992 EMPLOYES 5
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN DIAMONDS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject company
was established by Prakash Parekh (Indian resident) in order to make most of
his experience in the subject line of business. The firm was originally started in 1942. This is a trading firm specializing in
diamonds and diamond jewelry. Rough
diamonds are purchased from Belgium (Belgium-made) and sent to India (Surat)
for cutting and polishing. They are
sent to its Mumbai office for marketing and exporting to different
countries. Operates 6 branch offices:
USA, China, India, and Taiwan. Jewelry
products are mainly engagement rings, custom-design diamond jewelry, other.
FINANCIAL INFORMATION
Financials are only
partially disclosed.
The sales volume
for July/2008 fiscal term reportedly amounted to Yen 2,300 million, a 5% up
from Yen 2,200 million in the previous term.
Price hike in diamonds contributed.
Consumer spending was steady in the first half of the term but became
sluggish in the latter months. The net
profit was posted at Yen 15 million, compared with Yen 13 million a year
ago. .
For the current
term ending July 2009 the net profit is projected at Yen 15 million, on a
similar turnover, at Yen 2,300 million.
The forecast may be revised possibly downward reflecting the current
financial crisis. Employment cut-offs
and cancellation of employment for new university graduates is being widely
reported in Japan.
The financial
situation is considered maintained FAIR and good for ORIDNARY business
engagements.
REGISTRATION
Date
Registered: Feb 1992
Legal Status: Private
Limited Company (Yugen Gaisha)
Regd
Capital: Yen 10
million
Major shareholders (%): Prakash Parekh (100)
Nothing detrimental is known as
to his commercial morality.
OPERATION
Activities:
Imports, exports and wholesales diamonds & diamond jewelry (--100%).
Purchases rough diamonds from Belgium and cut/polished in
India (Surat) for exports to different countries. Operates 6 branches centrally
in Asian countries, including USA.
Clients: Jewelry processors, jewelers, other
No. of accounts: Unavailable
Domestic areas of activities: Centered in greater-Tokyo
Suppliers: Jewelry makers, jewelry processors,
other
Payment
record: Regular
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References
Indo State Bank (Tokyo)
SMBC (Nihombashi-Higashi)
Relations: Satisfactory
FINANCES: (In Million Yen)
|
Terms Ending: |
|
31/07/2009 |
31/07/2008 |
31/07/2007 |
31/07/2006 |
|
Annual
Sales |
|
2,300 |
2,300 |
2,200 |
2,400 |
|
Recur.
Profit |
|
|
|
|
|
|
Net
Profit |
|
15 |
15 |
13 |
10 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
112 |
97 |
84 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
0.00 |
4.55 |
-8.33 |
26.32 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
0.65 |
0.65 |
0.59 |
0.42 |
|
Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/07/2009 fiscal
term.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.90 |
|
UK Pound |
1 |
Rs.74.30 |
|
Euro |
1 |
Rs.63.42 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)