MIRA
INFORM REPORT
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Report Date : |
07.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
VITHAL TRADING COMPANY, YK |
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Registered Office : |
Shimizu-Arai Space-Bross-1D, 1278-3
Showacho-Shimizu-Arai Nakakomagun Yamanashi-Pref 409-3867 |
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Country : |
Japan |
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Date of Incorporation : |
August 2002 |
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Legal Form : |
Private Limited Company (Yugen Kaisha) |
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Line of Business : |
Import, Wholesale of Polished Diamonds, Other Jewelry, 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 : |
Small Company |
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Payment Behaviour : |
Regular |
name & address
VITHAL TRADING COMPANY, YK
REGD NAME: YK Vithal Trading
MAIN OFFICE: Shimizu-Arai
Space-Bross-1D, 1278-3 Showacho-Shimizu-Arai Nakakomagun
Yamanashi-Pref 409-3867 JAPAN
Tel:
0522-27-8560 Fax: 0522-27-8562
URL: N/A
ACTIVITIES
Import, wholesale of polished diamonds, other jewelry, from
India
BRANCHES
Nil
FACTORY(IES)
(subcontracted)
OFFICER(S)
CHETAN BAHI, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 100 M*
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND UNDETD WORTH Yen 50 M
STARTED 2002 EMPLOYES 1
*..
Estimated only as financials not disclosed
COMMENT
IMPORTER
AND WHOLESALER SPECIALIZING IN DIAMONDS & JEWELRY, FROM INDIA.
FINANCIAL
SITUATION UNDETERMINED DUE TO THE LACK OF PROVEN BUSINESS RESULTS BUT SHOULD BE
GOOD FOR MODERATE BUSIENSS ENGAGEMENTS.
MAX CREDIT LIMIT
UNABLE
TO ASSESS WITHOUT PROVEN BUSINESS. ANY
CREDITS ON NEW TRANSACTIONS ARE
RECOMMENDED TO BE ON FULLY SECURED TERMS.
OTHERWISE, NO CREDITS.
HIGHLIGHTS
The subject company was established by Chetan Bahi, an Indian businessman residing in Japan over 8 years, speaking fluent Japanese, in order to make most of his experience in the subject line of business. This is a one-man operated trading house for import and wholesale of polished diamonds and jewelry products. Diamonds are partially subcontracted mfg into products by local jewelry processors. He declined to disclose financials and other material management information except as outlined in this report. No outside information is available, either.
FINANCIAL INFORMATION
The sales volume for Aug/2007 fiscal term is only believed amounted to Yen 100 million, a similar amount in the previous term. C Bahi flatly declined to disclose the financials and the figure is only estimated by us as gathered from conversations with him on various other things.
Under the circumstances, both the financial situation and business trends are not determined due to the lack of proven business results and other managerial information, but should be good for MODERATE business engagements. We recommend ANY CREDITS on new transactions to be on fully secured terms, otherwise NO CREDITS.
REGISTRATION
Date Registered: Aug 2002
Legal Status: Private Limited Company (Yugen Kaisha)
Regd Capital: Yen 10 million*
*.. Not confirmed by C Bahi, he having denied our asking of Yen 3 million as paid-up Capital (this normally the case for Private Limited Company), which he denied; we asked whether Yen 10 million, which he did not deny.
Major shareholders (%)
Chetan Bahi (100).
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: Imports and wholesales polished diamonds, jewelry products, from India (--100%).
Diamonds and other precious stones are partially subcontracted mfg to local jewelry processors.
Clients
Jewelry processors, jewelry stores, other
No. of accounts
Unavailable
Domestic areas of activities
Centered in Yamanashi-Pref, extending into Tokyo.
Suppliers
[Mfrs] Imports from India
Payment record
Regular
Location
Business area in Yamanashi City. Office premises at the caption address are owned by Chetan Bahi as his private residence and maintained satisfactorily.
Bank References
Mizuho Bank (Kofu)
Relations: Money deposits & transfers only
FINANCES: (In Million Yen)
NOT 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%)