MIRA
INFORM REPORT
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Report Date : |
07.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
KURIYAMA TRADING |
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Registered Office : |
T Bldg 302, 1041-5 Kamikogawaracho Kofu 400-0044 |
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Country : |
Japan |
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Date of Incorporation : |
1999 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Import, Wholesale of Polished 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 : |
Moderate |
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Payment Behaviour : |
Slow |
name & address
KURIYAMA TRADING (SOLE
PROPRIETORSHIP)
REGD NAME: Kuriyama Trading (Sole proprietor & not
registered)
MAIN OFFICE: T Bldg 302, 1041-5 Kamikogawaracho Kofu
400-0044 JAPAN
Tel:
055-243-7738 Fax: 055-243-7738
URL: N/A
ACTIVITIES
Import, wholesale of polished diamonds, from India
BRANCHES
Nil
OFFICERS
KIYOSHI KURIYAMA, PROPRIETOR
Yen Amount: In million Yen,
unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 400 M*
PAYMENTS SLOW CAPITAL - - -
TREND SLOW WORTH Yen 100 M*
STARTED 1999 EMPLOYES 1
*
Estimated figures only
COMMENT
SOLE PROPRIETOR
FOR IMPORTING POLISHED DIAMONDS FROM INDIA.
FINANCIAL SITUATION CONSIDERED
RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject firm
was started by Kiyoshi Kuriyama, on his account, in order to import polished
diamonds from India, utilizing his previous experience in the subject line of
business. Goods are imported from India
centrally, some from Dubai, other.
Clients are local jewel processors, jewelry stores, etc.
FINANCIAL INFORMATION
Being a private
household enterprise, financials are not made available. Owner declined to give them, but we have somehow
managed to get verbally more or less approximate figures as follows:
The sales volume
for Dec/2007 fiscal term amounted to Yen 400 million, a similar amount in the
previous term. No mention of
profits. We presume Yen 5 million was reported
to the local Taxation Office.
The financial
situation is considered RATHER WEAK but should be good for MODERATE business
engagements.
REGISTRATION
Date Registered: Not registered
(Founded 1999)
Legal Status: Sole Proprietorship
Net Worth: Yen 100 million (estimated)
This is a sole
proprietorship, owned and operated by Kiyoshi Kuriyama. The net worth is estimated at Yen 100
million, which derived from his past savings.
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: Imports and
wholesales polished diamonds (100%).
Imports from India almost 95%, other from Dubai, Thailand, etc.
Clients
Local jewel processors, jewelry stores, other
No. of accounts: 50
Domestic areas of activities: Centered in Kofu City, extending into
greater-Tokyo
Suppliers
[Mfrs] Imports from India (95%), other from Dubai, etc.
Payment record
Regular
Location
Business area in
Kofu City. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References
Yamanashi Chuo Bank (Aonuma)
Kofu Shinkin Bank (Minami)
Relations: Money deposits & transfers only
FINANCES: (In Million Yen)
NOT AVAILABLE
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.37 |
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UK Pound |
1 |
Rs.85.51 |
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Euro |
1 |
Rs.68.08 |
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%)