MIRA
INFORM REPORT
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Report Date : |
28.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
NAITO SHOKAI |
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Registered Office : |
3371-576 Yamamiyacho Kofu Yamanashi-Pref 400-0075 |
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Country : |
Japan |
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Date of Incorporation : |
April 2002 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Import, Wholesale of Jewelry (colored stones) |
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 1.92 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name & address
NAITO SHOKAI (SOLE PROPRIETORSHIP)
REGD NAME: Naito Shokai (Sole
Proprietorship and not registered)
MAIN OFFICE: 3371-576 Yamamiyacho
Kofu Yamanashi-Pref 400-0075 JAPAN
Tel:
055-251-5788 Fax: 055-251-5318
URL: N/A
ACTIVITIES
Import, wholesale of jewelry (colored stones)
BRANCHES
Nil
FACTORY(IES)
(subcontracted)
OFFICERS
YUKIHIRO NAITO, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 110 M*
PAYMENTS REGULAR CAPITAL - - -
TREND STEADY WORTH Yen 50 M
STARTED 2002 EMPLOYES 1
*..
Estimated only from conversation with the owner.
COMMENT
IMPORTER
AND WHOLESALER SPECIALIZING IN JEWELRY.
FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT ENGAGEMENTS: US$16,000 / O/A 120
DAYS.
MAX CREDIT LIMIT
YEN 1.92 MILLION, 30 DAYS NORMAL TERMS.
RECOMMENDS SECURED TERMS ON NEW TRANSACTIONS. .
HIGHLIGHTS
The subject firm was started by Yukihiro Naito in order to make most of his experience in the jewelry business. A family-based company, operating from home residence, specializing in import and wholesale of jewelry centering in colored stones. Stones are imported from Thailand, India, other. Partially processes them into jewelry products at subcontracted facto- ries.
FINANCIAL INFORMATION
A family-based company and financials are not openly disclosed. The following figures have been estimated from the phone conversation with the owner, Y Naito.
The sales volume for Dec/2007 fiscal term amounted to Yen 110 million, a 10% up from Yen 100 million in the previous term. Hike in materials prices contributed. The net profit is believed posted at Yen 5 million.
For the current term ending Dec 2007 the net profit is projected at Yen 5 million, on a 5% rise in turnover, to Yen 115 million.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 1.92 million, 30 days, on basis of the financials professed by the owner. The proposed amount comes within the firm’s financial capabilities. However, we recommend secured terms on new transactions.
REGISTRATION
Date Registered: Not registered
(Founded Apr/2002)
Legal Status: Sole Proprietorship
Net Worth: Yen 50 million
The subject firm is wholly owned and operated by Yukihiro Naito. The net worth is estimated at Yen 50 million, which is derived from his past savings.
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: Imports and wholesales ruby, sapphire, other precious colored stones, jewelry products (--100%).
Goods are imported from Thailand centrally, India, etc. Partially processes them into jewelry products on consignment.
Clients
Jewelry processors, jewelry stores, consumers, other.
No. of accounts
100
Domestic areas of activities
Centered in Kofu and greater-Tokyo
Suppliers
[Mfrs, wholesalers] Imports from Thailand, India, etc.
Payment record
Regular
Location
Business area in Kofu. Office premises at the caption address are owned by Y Naito as his private residence and maintained satisfactorily.
Bank References
Kofu Shinkin Bank (Komura)
Relations: Satisfactory
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%)