MIRA
INFORM REPORT
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Report Date : |
23.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
GOLDSTAR JEWELLERY JAPAN CO LTD |
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Registered Office : |
Kase Bldg 402, 3-13-7 Taito Taitoku Tokyo 110-0016 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
March, 2001 |
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Legal Form : |
Private Limited Company (Kabushiki
Gaisha) |
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Line of Business : |
Import, wholesale of diamonds,
Jewellery 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
GOLDSTAR JEWELLERY JAPAN CO LTD
REGD NAME
YK Goldstar Jewellery
MAIN OFFICE
Kase Bldg 402, 3-13-7 Taito Taitoku Tokyo 110-0016 JAPAN
Tel : 03-5807-8060
Fax : 035807-3915
URL : http://www.goldstarjewellery.com
E-Mail address: japan@goldstarewellery.com
ACTIVITIES
Import, wholesale of diamonds, Jewellery products
BRANCHES
Nil
OFFICERS
ASHRA BRIJESH, PRES
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 300 M
PAYMENTS REGULAR CAPITAL Yen 3 M
TREND SLOW WORTH Yen 10 M
STARTED 2001 EMPLOYES 2
COMMENT
IMPORTER OF POLISHED DIAMONDS AND JEWELLERY. FINANCIAL
SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MDOERATE BUSINESS
ENGAGEMENTS.
HIGHLIGHTS
The subject company was established by Goldstar Jewellery,
India as its Japan branch. The subject
imports and wholesales precut diamonds and jewelry products. Goods are imported essentially from the
parent and its group companies. Clients
are local jewelry processors, jewelry stores.
FINANCIAL INFORMATION
Financials
are only partially disclosed and in rounded off numbers.
The
sales volume for Mar/2007 fiscal term amounted to Yen 300 million, a similar
amount in the previous term. The net
profit marked time 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 310 million.
The financial situation is considered RATHER WEAK but should be
good for MODERATE business engagements.
REGISTRATION
Date Registered: Mar
2001
Legal Status: Private
Limited Company (Kabushiki Gaisha)
Regd Capital: Yen
3 million
Major shareholders (%): Brijesh
Ashra (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: Imports and wholesales diamonds, emerald, ruby,
sapphire, tourmaline, aquamarine, other precious stones, diamond jewelry,
platinum jewelry, other jewelry products (--100%).
Stones are imported from Zambia, Columbia, Brazil, Pakistan,
Afghanistan, other.
Clients: Jewellery processors, Jewellery store, chain
stores, etc
No. of accounts: 300
Domestic areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs] Imports from Goldstar Jewellery, India, other
from Zambia, Columbia, Brazil, Pakistan, Afghanistan, etc.
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
Mizuho Bank (Inaricho)
Asahi Shinkin Bank (Nishimachi)
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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310 |
300 |
300 |
207 |
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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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10 |
9 |
8 |
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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 |
3.33 |
0.00 |
44.93 |
72.50 |
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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 |
0.32 |
0.33 |
0.33 |
0.48 |
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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%)