MIRA INFORM REPORT
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Report Date : |
08.07.2011 |
IDENTIFICATION DETAILS
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Name : |
IMAYO & CO LTD |
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Registered Office : |
218 Okuracho Takeyamachi-Agaru Karasumadori Nakagyoku
Kyoto 604-0861 |
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Country : |
Japan |
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Financials (as on) : |
30.04.2011 |
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Date of Incorporation : |
May 1966 |
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Com. Reg. No.: |
(Kyoto-Ukyoku) 000227 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, Export, Wholesale of diamond, other gemstones,
jewelry products |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 |
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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
IMAYO & CO LTD
REGD
NAME
KK Imayo
MAIN
OFFICE
218 Okuracho
Takeyamachi-Agaru Karasumadori Nakagyoku Kyoto 604-0861, JAPAN
Tel:
075-211-5141 Fax: 075-211-3626
*.. Registered at: 7 Narutaki-Fujinokicho Ukyoku Kyoto
E-Mail address: www@imayo.co.jp
ACTIVITIES
Import,
export, wholesale of diamond, other gemstones, jewelry products
BRANCHES
Tokyo
OVERSEAS
TNT
Trading (HK) Ltd; Imayo (Singapore) Pte Ltd; Imayo (Malaysia) Sdn Bhd;
Thai
Imayo Co Ltd (--subsidiaries)
FACTORIES
Kyoto,
Osaka (subsidiaries)
OFFICER(S)
NOBUHIRO
IMANISHI, PRES Yoshihiro
Imanishi, mgn dir
Nobutaka
Imanishi, mgn dir Takahiro
Imanishi, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,792 M
PAYMENTS REGULAR CAPITAL Yen 96 M
TREND SLOW WORTH Yen
1,373 M
STARTED 1966 EMPLOYES 53
COMMENT
TRADING
HOUSE SPECIALIZING IN JEWELRY.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject company was established originally in 1861 when Yohei Imanishi started a business in jewelry trading, on his account. Imayo is
named after the founder. Incorporated in
1966, the firm has been succeeded by his descendants. Nobuhiro is the 5th generation
master, who took the office of presidency in July 1982. This is a trading firm, solely owned and
operated by the Imanishi family, specializing in importing, exporting and
wholesaling diamonds, emeralds, sapphire, colored stones, also handling
earrings, fingerings, broaches, necklaces, pendants, other jewelry
products. Goods are imported from Italy,
Belgium, India, Israel, Hong Kong, Thailand, etc. Owns 5 subsidiaries, of which two in jewelry
processing, one in retailing.
FINANCIAL INFORMATION
The sales volume for Apr/2010 fiscal term amounted to Yen 2,792 million,
a 0.7% down from Yen 2,812 million in the previous term. Sales were affected by the global economic
downturn particularly in the first half of the term. Sales somewhat recovered in the second half
but not good enough to compensate the loss in the first half. The operations came back to profitability to
post Yen 8 million recurring profit and Yen 6 million net profit, respectively,
compared with Yen 83 million recurring loss and Yen 90 million net losses,
respectively, a year ago
For the term that ended Apr 2011 the recurring profit was posted at Yen
8 million and the net profit at Yen 8 million, respectively, on a 2% rise in
turnover, to Yen 2,850 million. Final
results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
REGISTRATION
Date Registered: May 1966
Regd No.: (Kyoto-Ukyoku) 000227
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
768,000 shares
Issued: 192,000 shares
Sum: Yen 96
million
Major shareholders (%): Nobuhiro Imanishi (29),
Yoshihiro Imanishi (13), Takahiro Imanishi (11), Nobutaka Imanishi (10)
No. of shareholders: 20
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, exports and wholesales diamonds,
emeralds, sapphires, pearls, colored stones, others (--60%), fingerings,
earrings, broaches, pendants, necklaces, bracelets, other jewelry products
(--40%).
Jewelry mfg &
processing is done by two subsidiary makers; retailing by KK Diamond House (a
subsidiary company).
Imports (80%)
Clients: [Jewelry processors, jewelry stores] Citizen Trading, Isetan, Shinyuu
Trading, Jewel Hama, JR West Japan, Kashikey Co, Kyouhou, We Can Co, other.
No. of accounts: 2,000
Domestic areas of activities: Nationwide
Suppliers: [Mfr, wholesalers] Imports from Israel, India, Hong Kong, Belgium,
Thailand, Italy, Malaysia, other.
Also domestically
supplied from We Can Co, Oriental Diamond, Sojitz Jewelry, Shinyuu Trading, KF,
Takaya Gem, other.
Payment record: Regular
Location: Business area in Kyoto. Office premises at the caption address are
owned and maintained satisfactorily.
Bank References:
SMBC
(Kyoto)
Mizuho
Bank (Kyoto)
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
30/04/2011 |
30/04/2010 |
30/04/2009 |
30/04/2008 |
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Annual
Sales |
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2,850 |
2,792 |
2,812 |
3,254 |
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Recur.
Profit |
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8 |
8 |
-83 |
3 |
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Net
Profit |
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8 |
6 |
-90 |
1 |
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Total
Assets |
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2,676 |
2,708 |
3,068 |
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Current
Assets |
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1,915 |
1,917 |
2,273 |
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Current
Liabs |
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908 |
881 |
1,128 |
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Net
Worth |
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1,373 |
1,367 |
1,462 |
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Capital,
Paid-Up |
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|
96 |
96 |
96 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.08 |
-0.71 |
-13.58 |
-5.82 |
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Current Ratio |
|
.. |
210.90 |
217.59 |
201.51 |
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N.Worth Ratio |
.. |
51.31 |
50.48 |
47.65 |
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R.Profit/Sales |
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0.28 |
0.29 |
-2.95 |
0.09 |
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N.Profit/Sales |
0.28 |
0.21 |
-3.20 |
0.03 |
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Return On Equity |
.. |
0.44 |
-6.58 |
0.07 |
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Notes:
Forecast (or estimated) figures for the 30/04/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.42 |
|
UK Pound |
1 |
Rs.70.95 |
|
Euro |
1 |
Rs.63.63 |
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.