MIRA
INFORM REPORT
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Report Date : |
02.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
D AND M PEARL COMPANY LTD |
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Registered Office : |
Gyoen Heim 3F, 4-24 Yotsuya Shinjukuku Tokyo 160-0004 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
April 1972 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Wholesale of pearls, pearl jewelry. |
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 : |
Usually Correct |
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Litigation : |
Clear |
Company Name and
Address
D & M PEARL COMPANY LTD
REGD NAME: KK
D & M Pearl Company
MAIN OFFICE: Gyoen
Heim 3F, 4-24 Yotsuya Shinjukuku Tokyo 160-0004 JAPAN
Tel: 03-3350-0784
Fax: 03-3350-0779
URL: http://www.dandmpearl.co.jp
E-Mail address: info@dandmpearl.co.jp
ACTIVITIES
Import, wholesale of pearls, pearl jewelry
BRANCHES
Osaka
OVERSEAS: Perlen
Yukie GmbH, Germany (affiliate)
FACTORY(IES): (subcontracted)
OFFICERS
YUKIE DEMIYA, PRES
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 290 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen 38 M
STARTED 1972 EMPLOYES 8
COMMENT
IMPORTER
AND WHOLESALER SPECIALIZING IN PEARLS & JEWELRY.
FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject company was established by Yukie Demiya in order to
make most of her experience in the subject line of business. Specializes in import and wholesale of
pearls (loose & strands), and pearl jewelry (necklaces, earrings, clasps,
broaches, rings, other), of foreign designer brands and originals. Goods are imported from Germany centrally,
Hong Kong, etc. Sole distributor of
TeNo brand in Japan. Business is seen
growing steadily.
FINANCIAL INFORMATION
Financials
are only partially disclosed.
The
sales volume for Mar/2007 fiscal term amounted to Yen 290 million, a 2% up from
Yen 285 million in the previous term.
The net profit remained unchanged 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 300 million.
Weaker Yen will assist to raise sales amount in Yen terms.
The
financial situation is considered maintained FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 4.5 million, on 30 days normal terms.
REGISTRATION
Date Registered: Apr
1972
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 80,000
shares
Issued: 20,000
shares
Sum: Yen
10 million
Major shareholders
(%)
Yukie Demiya (100)
Nothing detrimental is known as to her commercial morality.
OPERATION
Activities:
Imports, exports and wholesales pearls (loose & strands
of domestic, Tahiti & South Sea pearls), pearl jewelry: necklaces,
earrings, rings, broaches, pearl interlinks, body pierce, clasps (gold, silver,
magnet, others in rows, snap fixes), others, of original &
foreign designer brands (mostly of German) (--100%).
Designer
brands: Dillenburger, Fassbender, Griesen, Henzler, Mertens,
Hayasaka, Tanphanie,
Joyz, other.
Sole distributor in Japan of TeNo brand products.
Agency for Ruhle-Disbener-Veelag, publisher in Germany.
Clients
Jewelry processors, wholesalers, retailers, other
No. of accounts
500
Domestic areas of
activities
Centered in
greater-Tokyo
Suppliers
[Mfrs, wholesalers] Imports from Hong Kong, Germany, other.
Domestically supplied from K Otsuki Pearl, Nishijin Pearl,
Sekai Shinju Export Co, other.
Payment record
Regular
Location
Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References
MUFG (Shinjuku)
SMBC (Shinjukudori)
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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300 |
290 |
285 |
268 |
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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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38 |
37 |
36 |
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Capital, Paid-Up |
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10 |
10 |
10 |
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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 |
3.45 |
1.75 |
6.34 |
2.68 |
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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 |
0.33 |
0.34 |
0.35 |
0.37 |
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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%)