MIRA
INFORM REPORT
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Report Date : |
07.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
KOTHARI DIAMOND CO LTD |
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Registered Office : |
JI Kofu Daiichi Mansion 202, 5-3-17 Sumiyoshi Kofu 400-0851 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
September 2005 |
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Legal Form : |
Private Limited Company (Yugen Kaisha) |
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Line of Business : |
Import, Wholesale of Diamonds, Precious Metals |
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 : |
Slow |
name & address
KOTHARI DIAMOND CO
LTD
REGD NAME: Kothari Diamond YK
MAIN OFFICE: JI Kofu Daiichi Mansion 202, 5-3-17 Sumiyoshi
Kofu 400-0851 JAPAN
Tel:
055-220-1193 Fax: 055-220-1195
URL: N/A
ACTIVITIES
Import, wholesale of diamonds, precious metals
BRANCHES
Nil
FACTORY(IES)
(subcontracted)
OFFICER(S)
A KOTHARI, PRES
S Kothari, dir
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 400 M
PAYMENTS SLOW CAPITAL Yen 5 M
TREND UP WORTH Yen 16 M
STARTED 2005 EMPLOYES 3
COMMENT
IMPORTER AND WHOLESALER OF DIAMONDS & JEWELRY.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE
GOOD FOR
MODERATE BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject company was established by A Kothari, Indian resident, in order to make most of his experience in the subject line of business. A trading firm specializing in import and wholesale of diamonds, precious metals and jewelry. Goods are all imported from India. A newly started firm but business is seen uprising. Goods are also subcontracted mfg to local jewelry processors.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Dec/2007 fiscal term amounted to Yen 400 million, a similar amount in the previous term. The net profit remained similar at Yen 5 million.
For the current term ending Dec 2008 the net profit is projected at Yen 5 million, on a 5% rise in turnover, to Yen 420 million.
The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.
REGISTRATION
Date Registered: Sept 2005
Legal Status: Private Limited Company (Yugen Kaisha)
Regd Capital: Yen 5 million
Major shareholders (%)
A Kothari (100)
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales diamonds, pearls, antimony, other jewelry (--100%).
Goods are wholly imported from India.
Clients
Local jewelry processors, jewelry stores, other
No. of accounts: Unavailable
Domestic areas of activities: Centered in Kofu
Suppliers
[Mfrs] Imports wholly from India
Payment record
Regular
Location
Business area in Kofu. Office premises at the caption address are leased and maintained satisfactorily.
Bank References
Mizuho Bank (Kofu)
Yamanashi Chuo Bank (Sumiyoshi)
Relations: Money deposits & transfers only
FINANCES: (In Million Yen)
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Terms Ending: |
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31/12/2008 |
31/12/2007 |
31/12/2006 |
31/12/2005 |
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Annual
Sales |
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420 |
400 |
400 |
80 |
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Recur.
Profit |
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Net
Profit |
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5 |
5 |
5 |
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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16 |
11 |
6 |
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Capital,
Paid-Up |
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5 |
5 |
5 |
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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 |
5.00 |
0.00 |
25.39 |
- - - |
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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 |
1.19 |
1.25 |
1.25 |
1.25 |
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Notes: Financials are only partially disclosed. The 31/12/2005 is the initial term for 4
months.
Forecast (or estimated) figures for the 31/12/2008 fiscal
term.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.12 |
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UK Pound |
1 |
Rs.85.08 |
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Euro |
1 |
Rs.67.41 |
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%)