MIRA
INFORM REPORT
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Report Date : |
14.07.2011 |
IDENTIFICATION DETAILS
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Name : |
KRISH JEWELRY LTD |
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Registered Office : |
Matsumoto Bldg 503, 4-27-5 Taito Taitoku Tokyo 110-0016 |
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Country : |
Japan |
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Year of Establishment : |
March 2006 |
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Com. Reg. No.: |
(Tokyo-Taitoku) 021816 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import, wholesale of polished diamonds |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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
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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 |
Name and address
KRISH JEWELRY LTD
REGD NAME: Krish
Jewelry YK
MAIN OFFICE: Matsumoto
Bldg 503, 4-27-5 Taito Taitoku Tokyo 110-0016 JAPAN
Tel: 03-5807-1299 Fax: 03-5807-1399
URL: http://www.krishjewelry.com
E-mail address: design@krishjewelry.com
ACTIVITIES
Import, wholesale
of polished diamonds
BRANCHES
Nil
OFFICERS
KULDEEP MEHTA,
PRES
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 50 M*
PAYMENTS UNKNOWN CAPITAL Yen 5 M
TREND UNDETD WORTH Yen
5 M
STARTED 2006 EMPLOYES 1
*..
Estimated figures only
COMMENT
TRADING FIRM SPECIALIZING IN DIAMOND & JEWELRY.
FINANCIAL SITUATION UNDETERMINED DUE TO THE RECENT INCEPTION AND WITHOUT
PROVEN BUSINESS BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: UNABLE TO BE ASSESSED DUE
TO THE SAME
REASON. ANY CREDITS ON NEW TRANSACTIONS ARE
RECOMMENDED WITH SECURED TERMS.
HIGHLIGHTS
The subject company was established
by Kuldeep Mehta in order to make most of his experience in the subject line of
business. This is a trading firm
specializing in import and wholesale of diamonds & jewelry. Goods are imported from India, other. Diamonds are partially subcontracted mfg into
jewelry products at jewelry processors.
The firm does not disclose any of its management & financial details
and the contents of this report are based on the Registration Certificate and
other information obtained from outside sources.
FINANCIAL INFORMATION
Financials are not disclosed. Reportedly the annual sales amount is around
Yen 50 - 100 million, but not verified without proven business records.
Both the financial situation and
business trends are not determined due to the lack of proven business records
but should be good for MODERATE business records. Max credit limit is unable to be assessed due
to the lack of proven business records.
Any credits on new transactions are recommended with secured terms.
REGISTRATION
Date Registered: Mar
2006
Regd No.:
(Tokyo-Taitoku) 021816
Legal Status: Private Limited Company (Yugen Kaisha)
Paid-in Capital: Yen 5 million
Major
shareholders (%): Kuldeep Mehta (100)
Nothing
detrimental is known as to his commercial morality.
OPERATION
Activities: Imports and
wholesales (partially retails) diamonds, diamond jewelry, other (--100%)
Diamonds are partially subcontracted mfg
into jewelry products at local jewelry processors.
Clients: Jewelry stores,
jewelry processors, consumers, other
No. of accounts:
Unavailable
Domestic areas of
activities: Centered in greater-Tokyo, extending into Kofu
Suppliers: [Mfrs,
wholesalers] Imports from India, other.
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Local Bank (Tokyo)
Relations: Money
deposits & transfers only
FINANCES
(In Million Yen)
NOT MADE AVAILABLE.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.59 |
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1 |
Rs.71.07 |
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Euro |
1 |
Rs.62.40 |
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.