MIRA
INFORM REPORT
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Report Date : |
26.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
DIVA DIAMOND, KK |
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Registered Office : |
Lions Mansion Okachimachi Room 611, 3-43-10 Taito Taitoku Tokyo
110-0016 |
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Country : |
Japan |
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Date of Incorporation : |
November 2006 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Importer and Wholesaler of Diamonds from India |
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 : |
New & Small Company |
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Payment Behaviour : |
Regular |
name & address
DIVA DIAMOND, KK
REGD NAME: KK Diva Diamond
MAIN OFFICE: Lions Mansion
Okachimachi Room 611, 3-43-10 Taito Taitoku Tokyo 110-0016 JAPAN
Tel: 03-3836-0878 Fax:
03-3836-0866
URL: N/A
ACTIVITIES
Import, wholesale of diamonds from India
BRANCHES
Nil
FACTORY(IES)
(subcontracted)
OFFICER(S)
SANDIP BACHAWAT, PRES (Indian resident)
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 240 M*
PAYMENTS REGULAR CAPITAL Yen 5 M
TREND UNDETD WORTH Yen 5 M
STARTED 2006 EMPLOYES 1
*. Sales results for 8 months ending Jun/2007 declared by
the president.
COMMENT
IMPORTER AND WHOLESALER OF DIAMONDS FROM INDIA.
FINANCIAL SITUATION UNDETERMINED DUE TO THE RECENT INCEPTION BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject company was established by Sandip Bachawat, an Indian resident, in order to make most of his experience in the subject line of business. This is a one-man operated trading firm specializing in importing and wholesaling diamonds, all from India. A newly formed firm, yet business is seen steadily expanding.
FINANCIAL INFORMATION
The sales volume for the initial 8 months ending Jun/2007 amounted to Yen 240 million, according to S Bachawat.
He says he has bought worth Yen 150 million diamonds from India, on 150 days payment terms, and has settled half of the amount already.
Both the financial situation and business trends are not determined due to the recent
Inception but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 4.2 million, 30 days terms, based on the verbally declared figures, with no outside verification.
REGISTRATION
Date Registered: Nov 2006
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 400
shares
Issued: 100
shares
Sum: Yen
5 million
Major shareholders (%)
Sandip Bachawat (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: Imports and wholesales diamonds, all from India
(100%).
Clients
Jewel processors, jewelry stores, other.
No. of accounts
About 50
Domestic areas of activities
Centered in greater-Tokyo
Suppliers
[Mfrs, wholesalers] Imports
wholly from India.
Payment record
Regular
Location
Business
area in Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References
Asahi Shinkin Bank (H/O)
SMBC (Ueno)
Relations: Money deposits & transfers only
FINANCES: (In Million Yen)
NOT AVAILABLE
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%)