MIRA
INFORM REPORT
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Report Date : |
18.03.2008 |
IDENTIFICATION DETAILS
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Name : |
DEEDS CORPORATION |
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Registered Office : |
CS Bldg 501, 3-7-6 Motoasakusa Taitoku Tokyo 111-0041 |
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Country : |
Japan |
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Date of Incorporation : |
October 2002 |
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Legal Form : |
Private Limited Company (Yugen
Kaisha) |
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Line of Business : |
Import, Wholesale of Diamonds,
Jewelry |
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
DEEDS CORPORATION
REGD NAME
YK Deeds Corporation
MAIN OFFICE
CS Bldg 501, 3-7-6 Motoasakusa Taitoku Tokyo 111-0041 JAPAN
Tel : 03-5828-9006
Fax : 03-5828-0906
URL : N/A
ACTIVITIES
Import, wholesale of diamonds, jewelry
BRANCHES
Nil
OFFICERS
DHARMESH JHAVERI, PRES (Indian resident)
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 100 M*
PAYMENTS REGULAR CAPITAL Yen 3 M
TREND UNDETD WORTH Yen 13 M
STARTED 2002 EMPLOYES 1
*..
Estimated only.
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN POLISHED DIAMONDS &
JEWELRY. FINANCIAL SITUATION
UNDETERMINED DUE TO THE LACK OF FINANCIALS (OWNER REFUSED TO DISCLOSE), BUT
SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: UNABLE TO BE ASSESSED DUE TO THE LACK OF
PROVEN BUSINESS. ALL CREDITS ARE
RECOMMENDED ON FULLY GUARANTEED TERMS.
HIGHLIGHTS
The subject company was established by Dharmesh Jhaveri, an Indian
businessman residing in Japan, in order to make most of his experience in the
subject line of business. This is a
one-man company, operated from his home, specializing in import and wholesale
of polished diamonds & jewelry.
Goods are imported from India centrally. The firm declined to disclose any of its management and
financials, except the contents given in this report. We had only brief talk over the phone with the owner. No other databases have any further
information.
FINANCIAL INFORMATION
The sales volume for Sept/2006 fiscal term is believed (only
estimated) amounted to Yen 100 million, a doubled amount from Yen 50 million in
the previous term. Due to financials
undisclosed, we checked with fellow traders in the similar business line, who
say sales could be somewhere between around Yen 100 million. The net profit is believed posted at Yen 10
million.
For the term just ended Sept 2007 the net profit was projected
at Yen 10 million, on a 5% rise in turnover, to Yen 105 million.
Both the financial situation and business trends are not
determined due to the absence of proven business records but should be good for
MODERATE business engagements. Max
credit limit is unable to be assessed due to the same reason. Any credits are recommended on fully secured
terms for new transactions.
REGISTRATION
Date Registered: Oct
2002
Legal Status: Private
Limited Company (Yugen Kaisha)
Regd Capital: Yen
3 million
Major shareholders (%): Dharmesh
Jhaveri (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: Imports and wholesales polished diamonds and
jewelry (--100%).
Goods are imported centrally from India.
Clients: Local jewelry processors, jewelry wholesalers, jewelry stores, other
No. of accounts: 50
Domestic areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Imports from India centrally.
Payment record: Regular
Location: Business area Tokyo.
Office premises at the caption address are leased and maintained satisfactorily.
Bank References
Asahi Shinkin Bank (Asakusa)
Relations: Money deposits & transfers only.
FINANCES
(In Million Yen)
NOT DISCLOSED.
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%)