MIRA
INFORM REPORT
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Report Date : |
02.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
GOLAY BUCHEL TRADING KK |
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Registered Office : |
Shinsaibashi-Tanimoto Bldg 4F, 3-4-15 Bakuromachi Chuoku Osaka 541-0059 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
December 1985 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Export, Wholesale of Pearls, 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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Maximum Credit Limit : |
YEN 42 Million |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
name & address
GOLAY BUCHEL TRADING KK
REGD NAME: Golay Buchel Trading
KK
MAIN OFFICE: Shinsaibashi-Tanimoto
Bldg 4F, 3-4-15 Bakuromachi Chuoku Osaka 541-0059
JAPAN
Tel:
06-6244-4020 Fax: 06-6244-2737
URL: http://www.golay.com
E-Mail address:contact@osaka.golay.com
ACTIVITIES
Import, export, wholesale of pearls, jewelry
BRANCHES
Tokyo, Kobe (showroom), Fukuoka
FACTORY(IES)
(subcontracted)
OFFICERS
VIEIRALISSIMO S MAERKS J, REP DIR (Phonetically spelled)
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,300 M
PAYMENTS REGULAR CAPITAL Yen 250 M
TREND SLOW WORTH Yen 410 M
STARTED 1985 EMPLOYES 45
COMMENT
TRADING
DIVISION SPECIALIZING IN PEARLS, WHOLLY OWNED BY GOLAY BUCHEL HOLDING, SWITZ.
FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT ENGAGEMENTS: US$390,000 / O/A 30
DAYS TERMS.
MAX CREDIT LIMIT
YEN 42 MILLION, 30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The subject company was established by Golay Buchel Holding, Switz, as its marketing base in Japan, to engage in international trading business. Golay Buchel Japan KK, founded in 1957, is a sister firm founded as a purchasing office in Kobe. The subject functions as its foreign trading division to import and export the goods. Goods are imported from Golay Buchel group firms in Italy, France, Germany, Switz, Thailand, etc. Has 3 group branch offices in Tokyo, Kobe and Fukuoka. Tokyo Branch handles essentially South Sea pearls. Pearls are also exported.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Dec/2007 fiscal term amounted to Yen 2,300 million, a similar amount in the previous term. The net profit remained similar at Yen 20 million.
For the current term ending Dec 2008 the net profit is projected at Yen 20 million, on a 4% rise in turnover, to Yen 2,400 million.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 42 million, on 30 days normal terms. The proposed amount is considered within the firm’s financial capabilities, backed up by the Swiss parent’s financial strength.
REGISTRATION
Date Registered: Dec 1985
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 5,000 shares
Issued: 5,000 shares
Sum: Yen 250 million
Major shareholders (%)
Golay Buchel Holding SA, Switz (100)
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Trading division owned by Golay Buchel Holdings SA, Switz, for importing, exporting and wholesaling of cultured pearls, gold & platinum jewelry, others (--100%).
Goods are imported mostly from Europe (Italy, France, Swiss, accounting for 80% of total imports), also from Golay Buchel Thailand, other.
Tokyo Branch Office handles South Sea pearls.
Imports Swiss wedding brands “Meister” & “Pianegonda & FOPE”.
Clients
[Pearl stores, pearl processors, wholesalers] Tasaki Shinju, Tokyo Kiho, Verite Corp, Shinei Hoshoku, Eiko Watch, other.
No. of accounts
500
Domestic areas of activities
Nationwide
Suppliers
[Mfrs, wholesalers] Imports from Golay Buchel Switz, Italy, Hong Kong (about 80%), other from Golay Buchel Thailand, USA, other.
Payment record
Regular
Location
Business area in Osaka. Office premises at the caption address are leased and maintained satisfactorily.
Bank References
UBS AG Bank (Tokyo)
Mizuho (Semba)
Relations: Satisfactory
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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2,400 |
2,300 |
2,300 |
2,000 |
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Recur.
Profit |
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Net
Profit |
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20 |
20 |
18 |
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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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410 |
390 |
370 |
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Capital,
Paid-Up |
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250 |
250 |
250 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.35 |
0.00 |
15.00 |
-4.76 |
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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 |
0.00 |
0.87 |
0.87 |
0.90 |
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Note: Financials are only partially disclosed.
Forecast (or estimated) for the 31/12/2008 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%)