MIRA
INFORM REPORT
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Report Date : |
19.11.2008 |
IDENTIFICATION DETAILS
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Name : |
A
B DIAMOND, YK |
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Registered Office : |
3-5-30 Kokubo Kofu 400-0043 |
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Country : |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
September 1999 |
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Legal Form : |
Private Limited Company (Yugen Kaisha) |
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Line of Business : |
Import, Wholesale of Polished Diamonds |
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
A B DIAMOND, YK
REGD NAME: YK A. B. Diamond
MAIN OFFICE: 3-5-30 Kokubo Kofu 400-0043
Tel: 055-224-2448 Fax: 055-224-2449
URL: N/A
ACTIVITIES
Import, wholesale of polished diamonds
BRANCHES
Nil
FACTORY(IES)
(subcontracted)
OFFICERS
ASHISH CHOUDHARI, PRES (Indian resident)
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 340 M
PAYMENTS REGULAR CAPITAL Yen 9 M
TREND STEADY WORTH Yen 18 M
STARTED 1999 EMPLOYES 3
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN POLISHED
DIAMONDS. FINANCIAL SITUATION CONSIDERED
RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject company was reactivated in May 2002 by Ashish
Choudhari on the basis of taking over
a firm, Shubham International Ltd, in the similar line of importing polished
diamonds, founded in Sept 1999 by an Indian businessman. Specializes in importing and wholesaling polished diamonds from
FINANCIAL INFORMATION
Financials are only partially disclosed in rounded-off figures.
The sales volume for Dec/2007 fiscal term amounted to Yen 340 million, a sharp 24% decline from Yen 450 million in the previous term. Business was slack due to lower consumer spending. Price hikes also hindered the sales growth. The net profit was posted at Yen 1 million, compared with Yen 2 million a year ago
For the current term ending Dec 2008 the net profit is projected at Yen 1 million, on a 3% rise in turnover, to Yen 350 million. Business is seen slowly recovering.
The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.
REGISTRATION
Date Registered: Sept 1999
Legal Status: Private Limited Company (Yugen Kaisha)
Regd Capital: Yen 9 million
Major shareholders (%)
Ashish Choudhari (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: Imports
and wholesales polished diamonds, other precious stones (--100%). Goods are imported from
Clients
[Jewelry processors, jewelry stores, chain stores] Clients
in
No. of accounts: 200
Domestic areas of activities: Centered in
Suppliers
[Mfrs, wholesalers] Imports from
Payment record
Regular
Location
Business area in
Bank References
Kofu Shinkin Bank (Ishida)
Mizuho Bank (
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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350 |
340 |
450 |
500 |
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Recur.
Profit |
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Net
Profit |
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1 |
1 |
2 |
4 |
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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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18 |
17 |
15 |
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Capital,
Paid-Up |
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9 |
9 |
9 |
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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 |
2.94 |
-24.44 |
-10.00 |
2.04 |
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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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.. |
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N.Profit/Sales |
0.29 |
0.29 |
0.44 |
0.80 |
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Notes: Financials are not disclosed only except the above
partial figures.
Forecast (or estimated) figures for 31/12/2008 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.74 |
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1 |
Rs.74.37 |
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Euro |
1 |
Rs.62.78 |
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%)