MIRA INFORM REPORT
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Report Date : |
17.08.2011 |
IDENTIFICATION DETAILS
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Name : |
DIAMDEL INC |
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Registered Office : |
#501, 5-20-6 Asakusabashi Taitoku Tokyo
111-0053 |
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Country : |
Japan |
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Date of Incorporation : |
July 1992 |
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Com. Reg. No.: |
0105-02-006854 (Tokyo-Taitoku) |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import, Wholesale, Retail (Online) 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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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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Litigation : |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Japan |
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
DIAMDEL INC
REGD NAME
YK Diamdel
MAIN OFFICE
#501, 5-20-6
Asakusabashi Taitoku Tokyo 111-0053 JAPAN
Tel:
03-5818-2991 Fax: 03-5818-2992
URL: http://www.hktdc.com/em/diamdelinc
E-Mail address: (thru the URL)
ACTIVITIES
Import,
wholesale, retail (online) of diamonds, diamond jewelry
BRANCHES
Osaka;
closed down Kofu Branch
FACTORIES
(subcontracted)
OFFICERS
NAHETA
KAMAR, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 500 M
CAPITAL Yen 35 M
TREND SLOW WORTH Yen 665 M
STARTED 1992 EMPLOYES 8
.
COMMENT
IMPORTER OF DIAMONDS & JEWELRY.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject company was established by Naheta Kamar, an Indian resident, for importing and wholesaling diamonds and jewelry. Goods are imported from India, Hong Kong, USA, other. Diamonds are partially subcontracted mfg into jewelry products to local jewelry processors. Goods are also exported to China, Hong Kong, Korea, other. Closed down Kofu Branch. Local clients include jewelry processors, jewelry stores, other, centering in greater-Tokyo.
FINANCIAL INFORMATION
Financials are not openly disclosed and we have obtained the following figures directly from Naheta Kamar, pres of the firm, himself.
The sales volume for Mar/2011 fiscal term amounted to Yen 500 million, a similar amount in the previous term. The net profit was posted at Yen 50 million, similarly in the previous term. The firm says the sales amount is almost unchanged for some years. The figures, however, are professed by the pres and not verified by third parties. No data or information is available from third parties on the financials.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements.
REGISTRATION
Date Registered: Jul 1992
Regd No.: 0105-02-006854 (Tokyo-Taitoku)
Legal Status:
Private Limited Company (Yugen Kaisha)
Authorized:
1,000 shares
Issued:
700 shares
Sum: Yen 35 million
Major shareholders (%): Naheta Kamar (100)
Nothing
detrimental is known as to his commercial morality.
OPERATION
Activities: Imports and wholesales (partially retails online) diamonds, diamond jewelry, other accessories (--100%).
Diamonds are partially outsources for mfg into jewelry products to local jewelry processors.
Imports them from India, USA, Hong Kong, other; and exports to Hong Kong, India, other.
Clients: Jewelry stores, jewelry processors, business firms, consumers
No. of accounts: Unavailable
Domestic areas of activities: Centered in greater-Tokyo, extending into Osaka area
Suppliers: [Mfr, wholesalers] Imports from India, USA, Hong Kong, other
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
· Mizuho Bank (Ueno)
Relations:
Money Deposits & transfers only
FINANCES
(In Million Yen)
NOT DISCLOSED AND UNAVAILABLE
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.25 |
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UK Pound |
1 |
Rs.73.88 |
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Euro |
1 |
Rs.65.06 |
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 |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.