MIRA INFORM REPORT

 

 

Report Date :

26.12.2011

 

IDENTIFICATION DETAILS

 

Name :

ROYAL DIAMOND CO LTD

 

 

Registered Office :

Shimada Bldg 3F, 3-34-5 Taito Taitoku Tokyo 110-0005

 

 

Country :

Japan

 

 

Financials (as on) :

31.05.2011

 

 

Year of Establishment :

March 1998

 

 

Com. Reg. No.:

(Tokyo-Taitoku) 015957

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Import, wholesale of diamonds, jewelry

 

 

No. of Employees :

10

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

No Complaints

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

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 and address

 

ROYAL DIAMOND CO LTD

REGD NAME:    Royal Diamonds YK

MAIN OFFICE:  Shimada Bldg 3F, 3-34-5 Taito Taitoku Tokyo 110-0005 JAPAN

Tel: 03-3839-6005

 

URL:                 N/A      

 

 

ACTIVITIES

 

Import, wholesale of diamonds, jewelry

 

BRANCHES   

 

Nil

 

FACTORIES  

 

(subcontracted)

 

 

OFFICER(S)

 

BAVESH SHAH, PRES (Indian resident)

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    R/WEAK           A/SALES          Yen 800 M

PAYMENTS                  REGULAR         CAPITAL           Yen 130 M

TREND             SLOW              WORTH            Yen 154 M

STARTED                     1998                 EMPLOYES      10

 

 

COMMENT

 

IMPORTER AND WHOLESALER SPECIALIZING IN DIAMONDS 

FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS

 

                       

HIGHLIGHTS

           

            The subject company was established by Bavesh Shah, an Indian resident, in order to make most of his experience in the subject line of business.  This is a trading firm specializing in importing and wholesaling diamonds and diamond jewelry.  Goods are imported from India, USA, Hong Kong, Bangkok, other.  Clients are jewelry processors, jewelers, other, centering in greater-Tokyo.

 

 

FINANCIAL INFORMATION

 

            Financials are only partially disclosed.  The net profits are not disclosed and they are only estimated.

 

The sales volume for May/2011 fiscal term amounted to Yen 800 million, a similar amount in the previous term.  Consumer spending was sluggish, particularly for luxuries and things that are not for immediate needs.  High Yen hurt import/export revenues in Yen terms.  The net profit is believed marked time at a minimum amount post-taxes.  .

 

For the current term ending May 2012 the net profit is projected at Yen 1 million, on a 3% rise in turnover, to Yen 820 million.  Consumer spending is still sluggish, but in some areas there is seen demand is recovering.

           

            The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements. 

 

 

REGISTRATION

 

Date Registered:  Mar 1998

Regd No.:           (Tokyo-Taitoku) 015957

Legal Status:   　Private Limited Company (Yugen Kaisha)

Regd Capital:   　Yen 130 million

Major shareholders (%): Bavesh Shah (100)

 

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

 

Activities: Imports and wholesales diamonds & jewelry (--100%)

Clients: [Jewel processors, jewelers] Sanghavi Jewellery Tokyo, Kyocera Corp, other

No. of accounts: 300

Domestic areas of activities: Centered in greater-Tokyo

Suppliers: [Mfrs, wholesalers] Imports from Sanghavi Export, India, USA, Hong Kong, Bangkok, other.

 

Payment record: Regular

 

Location: Business area in Tokyo.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

SMBC (Asakusa)

Mizuho Bank (Ueno)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/05/2012

31/05/2011

31/05/2010

31/05/2009

Annual Sales

　

820

800

800

1,250

Recur. Profit

　

　

　

　

　

Net Profit

　

1

1

0

3

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

154

153

153

Capital, Paid-Up

　

　

130

130

130

Div.P.Share(₯)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.50

0.00

-36.00

-3.85

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

0.12

0.13

0.00

0.24

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/05/2012 fiscal term. 

 

           


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.72

UK Pound

1

Rs.82.70

Euro

1

Rs.68.90

 

 

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

--

NB

                                       New Business

 

--

 

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%)

 

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