MIRA INFORM REPORT
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Report Date : |
07.07.2011 |
IDENTIFICATION DETAILS
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Name : |
KURIYAMA TRADING |
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Registered Office : |
T Bldg 302, 1041-5 Kamikogawaracho Kofu
400-0044 |
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Country : |
Japan |
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Year of Establishment : |
1999 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Import, wholesale of polished diamonds |
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 : |
Regular |
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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
KURIYAMA TRADING (SOLE PROPRIETORSHIP)
REGD NAME
Kuriyama Trading
(Sole proprietorship & not registered)
MAIN OFFICE
T Bldg 302, 1041-5
Kamikogawaracho Kofu 400-0044 JAPAN
Tel:
055-243-7738 Fax: 055-243-7738
URL: N/A
ACTIVITIES
Import,
wholesale of polished diamonds, from India
BRANCHES
Nil
OFFICERS
KIYOSHI
KURIYAMA, PROPRIETOR
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 310 M*
PAYMENTS REGULAR CAPITAL - - -
TREND SLOW WORTH Yen
100 M*
STARTED 1999 EMPLOYES 1
*
Estimated figures only
COMMENT
SOLE PROPRIETOR FOR IMPORTING POLISHED DIAMONDS FROM
INDIA.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject firm was
started by Kiyoshi Kuriyama, on his account, in order to import polished
diamonds from India, utilizing his previous experience in the subject line of
business. Goods are imported from India
centrally, some from Dubai, other.
Clients are local jewel processors, jewelry stores, etc, covering
greater-Tokyo region.
FINANCIAL INFORMATION
Being a private household enterprise, financials are not made available. Owner declined to give them, but we have somehow managed to get verbally more or less approximate figures as follows:
The sales volume for Dec/2010 fiscal term amounted to Yen 310 million, a 3% up from Yen 300 million in the previous term. The net profit is not disclosed.
The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.
REGISTRATION
Date Registered: Not
registered
(Founded 1999)
Legal Status: Sole Proprietorship
Net Worth: Yen 100 million (estimated)
This is a sole proprietorship, owned and operated by Kiyoshi
Kuriyama.
The net worth is estimated at Yen 100 million, which derived
from his past savings.
Nothing
detrimental is known as to his commercial morality.
OPERATION
Activities:
Imports and wholesales polished diamonds (100%).
Goods are imported from India (almost 95%), other from Dubai, Thailand, etc.
Clients: Local jewel processors, jewelry stores, other
No. of accounts: 50
Domestic areas of activities: Centered in Kofu City, extending into greater-Tokyo area.
Suppliers: [Mfrs] Imports from India (95%), other from Dubai, etc.
Payment record: Regular
Location: Business area in Kofu City. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
Yamanashi
Chuo Bank (Aonuma)
Kofu
Shinkin Bank (Minami)
Relations:
Money deposits & transfers only
FINANCES
(In Million Yen)
NOT MADE AVAILABLE
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.38 |
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UK Pound |
1 |
Rs.71.24 |
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Euro |
1 |
Rs.64.16 |
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.