MIRA INFORM
REPORT
|
Report Date : |
20.01.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
|
|
|
|
|
Registered Office : |
Nishii Bldg 5F, 1-15-14 Utsubo-Honmachi
Nishiku |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.11.2010 |
|
|
|
|
Date of Incorporation : |
December 1998 |
|
|
|
|
Com. Reg. No.: |
(Osaka-Nishiku) 04475 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Import, wholesale
of jewelry, pearls, precious stones, jewelry accessories |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
Yen 12.3 Million |
|
Status : |
Small Company |
|
Payment
Behaviour : |
Regular |
|
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name
REGD NAME
YK
MAIN OFFICE
Nishii Bldg 5F,
1-15-14 Utsubo-Honmachi Nishiku
Tel: 06-6459-4140
URL: N/A
ACTIVITIES
Import,
wholesale of jewelry, pearls, precious stones, jewelry accessories
BRANCHES
Nil
FACTORIES
(subcontracted)
OFFICER(S)
MICHAEL
FERRIS, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 700 M
PAYMENTS REGULAR CAPITAL Yen
3 M
TREND SLOW WORTH Yen
41 M
STARTED 1998 EMPLOYES 3
COMMENT
IMPORTER
OF JEWELRY AND PRECIOUS STONES.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX
CREDIT LIMIT: YEN 12.3 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Michael Ferris in
order to make most of his experience in the subject line of business. Goods are imported from
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Nov/2009 fiscal term amounted to Yen 700 million, a similar amount in the previous term. The net profit was posted at Yen 5 million, similarly in the previous term. .
For the term that ended Nov 2010 the net profit was projected at Yen 5 million, on a 1.4% rise in turnover, to Yen 710 million. Final results are yet to be released.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 41 million, on 30 days normal terms.
REGISTRATION
Date Registered: Dec
1998
Regd No.: (Osaka-Nishiku)
04475
Legal Status: Private Limited Company (Yugen Kaisha)
Regd Capital: Yen 3 million
Major shareholders (%):
Michael Ferris (100)
Nothing
detrimental is known as to his commercial morality.
OPERATION
Activities: Imports and wholesales jewelry, precious stones, jewelry accessories, other (--100%).
Clients: [Jewelry stores, watch shops, wholesalers] Tokyo Hands, Takeya Co, other
No. of accounts: 50
Domestic areas of activities: Centered in greater-Osaka
Suppliers: [Mfrs,
wholesalers] Imports from
Payment record: Regular
Location:
Business area in
Bank References:
· Ikeda Senshu Bank (Takaishi)
· Resona Bank (Midosuji)
Relations:
Money deposits and transfers only
FINANCES
(In Million Yen)
|
Terms Ending: |
|
30/11/2010 |
30/11/2009 |
30/11/2008 |
30/11/2007 |
|
Annual
Sales |
|
710 |
700 |
700 |
750 |
|
Recur.
Profit |
|
|
|
|
|
|
Net
Profit |
|
5 |
5 |
5 |
6 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
41 |
36 |
31 |
|
Capital,
Paid-Up |
|
|
3 |
3 |
3 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
1.43 |
0.00 |
-6.67 |
-6.25 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
0.70 |
0.71 |
0.71 |
0.80 |
|
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 30/11/2010 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.38 |
|
|
1 |
Rs.72.71 |
|
Euro |
1 |
Rs.61.15 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.