MIRA INFORM REPORT
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Report Date : |
08.04.2011 |
IDENTIFICATION DETAILS
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Name : |
UME CO LTD |
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Registered Office : |
UME Bldg, 3-24-1 Taito Taitoku |
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Country : |
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Financials (as on) : |
30.06.2010 |
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Date of Incorporation : |
April 1991 |
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Com. Reg. No.: |
(Tokyo-Taitoku) 022269 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of
diamonds, diamond 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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Yen 17.4 Million |
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Status : |
Moderate |
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Payment
Behaviour : |
Regular |
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Litigation : |
----- |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company
name
UME CO LTD
REGD
NAME
MAIN
OFFICE
UME Bldg, 3-24-1
Taito Taitoku
Tel:
03-3832-5440 Fax: 03-3832-5440
URL: N/A
ACTIVITIES
Import, wholesale
of diamonds, diamond jewelry
BRANCHES
Nil
FACTORIES
(subcontracted)
OFFICER(S)
HIROSHI UMEMURA,
PRES
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 1,000 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen
73 M
STARTED 1991 EMPLOYES 5
COMMENT
IMPORTER AND
WHOLESALER OF DIAMONDS & JEWELRY.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR
MODERATE BUSINESS ENGAGEMENTS
MAX CREDIT LIMIT:
YEN 17.4 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Hiroshi Umemura in order to make
most of his experience in the subject line of business. This is a family-based trading firm, owned
and operated by the Umemura family, specializing in import and wholesale of
diamonds and jewelry. Diamonds are
imported essentially from
FINANCIAL
INFORMATION
Financials are only partially disclosed as is the case with family-based
companies.
The sales volume for Jun/2010 fiscal term amounted to Yen 1,000 million,
a 15% down from Yen 1,500 million in the previous term, as substantially
affected by the global economic downturn.
Consumer spending was extremely sluggish particularly for jewels, art
and other high-ticket items. The net
profit was posted at Yen 3 million, compared with Yen 4 million a year
ago. .
For the current term ending Jun 2011 the net profit is projected at Yen
4 million, on a 10% rise in turnover, to Yen 1,100 million. Demand is seen reviving.
The financial situation is considered RATHER WEAK but should be good for
MODERATE business engagements. Max
credit limit is estimated at Yen 17.4 million, on 30 days normal terms.
REGISTRATION
Date Registered: Apr
1991
Regd No.:
(Tokyo-Taitoku) 022269
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%): Hiroshi Umemura
(100)
Nothing
detrimental is known as to his commercial morality.
OPERATION
Activities: Imports and wholesales
diamonds, precious stones, diamond jewelry, other (--100%)
Goods are imported from
Clients: Jewelry
wholesalers, jewelry processors, jewelry stores, other
No. of accounts: 100
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers: [Mfrs,
wholesalers] Imports from
Payment record: Regular
Location: Business area in
Bank References:
SMBC (Ueno)
Shoko Chukin Bank
(Kanda)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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30/06/2010 |
30/06/2009 |
30/06/2008 |
30/06/2007 |
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Annual
Sales |
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1,000 |
1,172 |
1,500 |
915 |
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Recur.
Profit |
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Net
Profit |
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3 |
4 |
12 |
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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73 |
69 |
57 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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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 |
-14.68 |
-21.87 |
63.93 |
1.67 |
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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 |
0.30 |
0.34 |
0.80 |
0.44 |
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Notes: Financials
are only partially disclosed.
Estimated figures for the 30/06/2010 fiscal term as the exact figures
have not been disclosed mentioning approximate figures only.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.22 |
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1 |
Rs.71.97 |
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Euro |
1 |
Rs.63.23 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.