MIRA
INFORM REPORT
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Report Date : |
16.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
WORLD SHINER KK |
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Registered Office : |
Kiriya Bldg 2F, 1-25-9 Higashiueno Taitoku Tokyo 110-0015 |
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Country : |
Japan |
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Date of Incorporation : |
January 2006 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Wholesale of Polished Diamonds |
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 & address
WORLD SHINER KK
REGD NAME: World Shiner KK
MAIN OFFICE: Kiriya Bldg 2F,
1-25-9 Higashiueno Taitoku Tokyo 110-0015 JAPAN
Tel:
03-5807-1441 Fax: 03-5818-2031
URL: http://www.worldshiner.com/
E-Mail address: japan@worldshiner.com
ACTIVITIES
Import, wholesale of polished diamonds
BRANCHES
Australia (4), Canada, India, Spain, UK, Taiwan, Germany,
Belgium
OFFICERS
SHIRISH VANMALI, PRES (Indian resident)
Koichiro Umekawa, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 80 M
PAYMENTS REGULAR CAPITAL Yen 21 M
TREND STEADY WORTH Yen 21 M
STARTED 2006 EMPLOYES 2
COMMENT
IMPORTER
AND WHOLESALER SPECIALIZING IN POLISHED DIAMONDS. FINANCIAL SITUATION IS CONSIDERED RATHER WEAK BUT SHOULD BE GOOD
FOR MODERATE BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject company was established as a marketing office by World Shiner, Australia for importing polished diamonds from India centrally. Established in Jan 2006, the actual operations started in August 2006. The group’s networks extend to UK, Taiwan, Spain, India, Germany, Belgium and Australia, where the firm operates 9 offices.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for the initial term ended Jun/2007 amounted to Yen 80 million, on breakeven profits.
For the current term ending Jun 2008 the net profit is projected at 5 million, on a 10% rise in turnover to Yen 88 million.
The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements
REGISTRATION
Date Registered: Jan 2006
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 420 shares
Issued: 420 shares
Sum: Yen 21 million
Major shareholders (%)
Shirish Vanmali (100)
Nothing detrimental is known as to his commercial morality of executives.
OPERATION
Activities: Imports and wholesales polished diamonds, rings, earrings, pendants, bracelets, other from India, Taiwan, UK, Australia, Belgium, Canada, other (100%)
Clients
Jewelry processors, jewelry stores, other
No. of accounts
Unavailable
Domestic areas of activities
Centered in greater-Tokyo
Suppliers
[Mfrs] Imports from India, Belgium, UK, Germany, Australia, other.
Payment record
Regular
Location
Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References
SMBC (Ueno)
Relations: Money deposits & transfers only
FINANCES: (In Million Yen)
Not made 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%)