MIRA INFORM REPORT

 

 

Report Date :

27.07.2011

 

IDENTIFICATION DETAILS

 

Name :

DIAMDEL INC

 

 

Registered Office :

#501, 5-20-6 Asakusabashi Taitoku Tokyo 111-0053

 

 

Country :

Japan

 

 

Year of Establishment :

July 1992

 

 

Com. Reg. No.:

(Tokyo-Taitoku) 0105-02-006854 (Tokyo-Taitoku)

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Import, wholesale, retail (online) of diamonds, diamond jewelry

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Name and address

 

DIAMDEL INC

REGD NAME:    YK Diamdel

MAIN OFFICE:  #501, 5-20-6 Asakusabashi Taitoku Tokyo 111-0053 JAPAN

                        Tel: 03-5818-2991     Fax: 03-5818-2992

 

URL:                 http://www.hktdc.com/em/diamdelinc

E-Mail address: (thru the URL)

 

 

ACTIVITIES

 

Import, wholesale, retail (online) of diamonds, diamond jewelry

 

BRANCHES   

 

Nil

 

FACTORIES  

 

(subcontracted)

 

 

OFFICERS

 

KAMAR NAHETA, PRES (phonetically spelled)               

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES        UNDETD                       A/SALES          Yen 100 M*

PAYMENTS      UNKNOWN                   CAPITAL           Yen 35 M

TREND UNDTD                         WORTH            Yen 35 M**

STARTED         1992                             EMPLOYES      1

                        *.. Estimated figures only; **.. Expressed by the paid-in capital

 

COMMENT    

 

IMPORTER OF DIAMONDS & JEWELRY.

FINANCIAL SITUATION UNDETERMINED DUE TO THE LACK OF PROVEN BUSINESS BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: UNABLE TO BE ASSESSED DUE TO THE LACK OF PROVEN BUSINESS RECORDS.  RECOMMEND SECURED TERMS ON NEW TRANSACTIONS.

 

 

HIGHLIGHTS

           

            The subject company was established by Kamar Naheta, an Indian resident, for importing and wholesaling diamonds and jewelry.  Goods are imported from India, other.  Diamonds are partially subcontracted mfg into jewelry products to local jewelry processors.  Management and financials information is not disclosed.  The owner flatly declined to give any information on the firm.  The contents of this report, therefore, are mostly based on the Registration Certificate.

 

 

FINANCIAL INFORMATION

           

            Financials are not disclosed.  The owner declined to disclose them.  We have smelled from the conversation with the owner that the annual turnover is somewhere between Yen 100 million & 200 million.  However, there are not proven business records and the figures have not been verified.  No outside sources have any information on the financials.

 

            Both the financials situation and business trends are not determined due to the lack of proven business records but should be good for MODERATE business engagements.  Max credit limit is unable to be assessed due to the same reason, recommending secured terms on new transactions.

 

 

REGISTRATION

 

Date Registered:  Jul 1992

Regd No.:         (Tokyo-Taitoku) 0105-02-006854 (Tokyo-Taitoku)

Legal Status:      Private Limited Company (Yugen Kaisha)

Authorized:         1,000 shares

Issued:                700 shares

Sum:                   Yen 35 million

Major shareholders (%): Kamar Naheta (100)

 

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

           

Activities: Imports and wholesales (partially retails online) diamonds, diamond jewelry, other accessories (--100%).

Diamonds are partially outsources for mfg into jewelry products to local jewelry processors.

 

Clients: Jewelry stores, jewelry processors, business firms, consumers

No. of accounts: Unavailable

Domestic areas of activities: Centered in greater-Tokyo, extending into Kofu area

Suppliers: [Mfr, wholesalers] Imports from India, other

 

Payment record: Unknown

 

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 DISCLOSED AND UNAVAILABLE

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.29

UK Pound

1

Rs.72.36

Euro

1

Rs.64.17

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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