MIRA
INFORM REPORT
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Report Date : |
28.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
JEWEL TOKI CO LTD |
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Registered Office : |
1-15-32-801 Higashi-Shinsaibashi Chuoku Osaka 542-0083 |
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Country : |
Japan |
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Financials (as on) : |
31.10.2007 |
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Date of Incorporation : |
May 1990 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Wholesale of 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 6.3 Million |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
name & address
JEWEL TOKI CO LTD
REGD NAME: KK Jewel Toki
MAIN OFFICE: 1-15-32-801
Higashi-Shinsaibashi Chuoku Osaka 542-0083 JAPAN
Tel:
06-6245-0433 Fax: 06-6245-8458
URL: N/A
ACTIVITIES
Import, wholesale of jewelry
BRANCHES
Nil
FACTORY(IES)
(subcontracted)
OFFICERS
YASUO KAWASAKI, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 360 M
PAYMENTS REGULAR CAPITAL Yen 32 M
TREND UP WORTH Yen 80 M
STARTED 1990 EMPLOYES 3
COMMENT
IMPORTER AND
WHOLESALER SPECIALIZING IN JEWELRY.
FINANCIAL
SITUATION CONSIDERED RATHER WEAK AND DOUBTFUL FOR CREDIT ENGAGEMENTS:
US$250,000 / O/A 60 DAYS AFTER SHIPMENT DATE.
MAX CREDIT LIMIT
YEN 6.3 MILLION, 30 DAYS NORMAL TERMS.
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HIGHLIGHTS
The subject company was established by Yasuo Kawasaki in order to make most of his experience in the jewelry business. This is a trading firm specializing in importing and wholesaling jewelry and products. Stones and products are imported and shipped to jewelry proc- essors and stores.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Oct/2006 fiscal term amounted to Yen 360 million, a 6% up from Yen 340 million in the previous term. Business is seen recovering upswing. The net profit was posted at Yen 6 million, compared with Yen 5 million a year ago.
For the current term ending Oct 2007 the net profit is projected at Yen 6 million, on a 3% rise in turnover, to Yen 370 million. Weaker Yen may further uplift sales amount in Yen terms.
The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements. The proposed amount for 60 days terms, however, is considered TOO HIGH from the recent financial status. Max credit limit is estimated at Yen 6.3 million, on 30 days normal terms.
REGISTRATION
Date Registered: May 1990
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 2,560 shares
Issued: 640 shares
Sum: Yen 32 million
Major shareholders (%)
Yasuo Kawasaki (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: Imports and wholesales jewelry & products (--100%). Imports precious stones, pearls, metals, etc and partially processes them into jewelry products on consignment.
Clients
[Jewelry processors, jewelry stores] Eiko Watch Co, KK Takada, KK Sasaya, etc.
No. of accounts
300
Domestic areas of activities
Centered in greater-Osaka
Suppliers
[Mfrs, wholesalers] Liberties International, other.
Payment record
Regular
Location
Business area in Osaka. Office premises at the caption address are leased and maintained satisfactorily.
Bank References
Mizuho Bank (Namba)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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31/10/2007 |
31/10/2006 |
31/10/2005 |
31/10/2004 |
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Annual
Sales |
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370 |
360 |
340 |
310 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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6 |
6 |
5 |
3 |
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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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80 |
74 |
69 |
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Capital,
Paid-Up |
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32 |
32 |
32 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.78 |
5.88 |
9.68 |
3.33 |
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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 |
1.62 |
1.67 |
1.47 |
0.97 |
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Note: Financials are only partially disclosed.
Forecast (or estimated) for the 31/10/2007 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%)