MIRA INFORM REPORT

 

 

Report Date :           

24.08.2011

 

IDENTIFICATION DETAILS

 

Name :

REGALIA CO LTD

 

 

Registered Office :

3-2-14 Aonuma Kofu 400-0867

 

 

Country :

Japan

 

 

Date of Incorporation :

April 2004

 

 

Com. Reg. No.:

0900-02-006480 (Yamanashi-Kofu)

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Imports, wholesale of diamonds, diamond jewelry

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Japan

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

REGALIA CO LTD

 

 

REGD NAME

 

YK Regalia

 

 

MAIN OFFICE

 

3-2-14 Aonuma Kofu 400-0867 JAPAN

Tel: Unavailable (not registered with the telephone office)

URL:                 Nil       

 

 

ACTIVITIES  

 

Imports, wholesale of diamonds, diamond jewelry

 

 

BRANCHES   

 

Nil

 

 

FACTORIES  

 

(subcontracted)

 

 

OFFICER(S)

 

VIMAR PANCHAMIYA, PRES (only phonetically spelled)

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY

 

FINANCES                    UNDETD           A/SALES          Yen 100 M*

PAYMENTS      Unknown       CAPITAL           Yen 6 M

TREND             UNDETD           WORTH            Yen 6 M**

STARTED                     2004                 EMPLOYES      5

                        *.. Estimated figures only, and not verified.  **.. Expressed by the paid-in capital

 

 

COMMENT    

 

TRADING FIRM SPECIALIZING IN DIAMONDS & JEWELRY.  

 

FINANCIAL SITUATION IS UNABLE TO BE DETERMINED DUE TO THE LACK OF PROVEN BUSINESS BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

 

MAX CREDIT LIMIT: UNABLE TO BE ASSESSED DUE TO THE LACK OF PROVEN BUSINESS RECORDS.  RECOMMEND SECURED TERMS ON NEW TRANSACTIONS.

 

 

HIGHLIGHTS

           

The subject company was established by Vimar Panchamiya, an Indian resident, in order to make most of his experience in the subject line of business.  This is a trading firm for import, export and wholesale of diamonds and diamond jewelry.  The firm does not disclose any of its managerial and financial information and all the information contained here is derived from the Registration Certificate.  Goods are imported from India, Israel, other.  Diamonds are partially subcontracted mfg to local jewelry processors.  Clients are local jewelry stores, jewelry processors, chain stores, extending into the greater-Tokyo region.

 

 

FINANCIAL INFORMATION

 

Financials are not disclosed.  The firm declined to reveal them.

 

The sales volume for Mar/2010 fiscal term is reported amounted to Yen 100 million, but the figures have not been verified by the third parties.  No further details are made available.  .

 

Both the financial situation and business trends are not determined due to the lack of proven business records.  Max credit limit is unable to be assessed due to the same reason.  We recommend secured terms on new transactions. 

 

 

REGISTRATION

 

Date Registered:  Apr 2004

Regd No.:           0900-02-006480 (Yamanashi-Kofu)

Legal Status:   　Private Limited Company (Yugen Kaisha)

Authorized:      　200 shares

Issued:             　200 shares

Sum:                　Yen 6 million

Major shareholders (%): Vimar Panchamiya (100)

 

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

 

Activities: Imports, exports and wholesales diamonds & diamond jewelry (--100%) Diamonds are partially subcontracted mfg to local jewelry processors.

 

Clients: Jewelry stores, jewelry processors, wholesalers, chain stores, other

            No. of accounts: Unavailable

            Domestic areas of activities: Kofu City, extending into the greater-Tokyo region

 

Suppliers: [Mfrs, wholesalers] Imports from India, Israel, other

 

Payment record: Unknown

 

Location: Business area in Kofu.  Office premises at the caption address are owned by V Panchamiya as his private residence and maintained satisfactorily.

 

Bank References:

Kofu Shinkin Bank (Asaka)

Relations: Money deposits & transfers only

 

 

FINANCES

(In Million Yen)

 

NOT DISCLOSED AND UNAVAILABLE 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.69

UK Pound

1

Rs.75.29

Euro

1

Rs.65.77

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.