MIRA INFORM REPORT

 

 

Report Date :           

30.06.2011

 

IDENTIFICATION DETAILS

 

Name :

JIRO COLLECTION, YK

 

 

Registered Office :

3007-22 Kami-Tomatsurimachi Utsunomiya Tochigi-Pref 320-0051

 

 

Country :

Japan

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

March 1992

 

 

Com. Reg. No.:

(Tochigi-Utsunomiya) 014538

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, retail of diamond jewelry

 

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 2.7 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 – 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

 

Company name

 

 Bottom of Form

JIRO COLLECTION, YK

 

 

REGD NAMe

 

YK Jiro Collection

 

 

MAIN OFFICE

 

3007-22 Kami-Tomatsurimachi Utsunomiya Tochigi-Pref 320-0051 JAPAN

Tel: 028-622-1144     Fax: 028-622-1146

                                               

URL:                             http://www.yokanbega.net/jiro-collection

E-Mail address:                        touhondiamond@gmail.com

 

 

ACTIVITIES  

 

Import, retail of diamond jewelry

 

 

BRANCHES

 

At the caption address (shop)

 

 

FACTORIES

 

(subcontracted)

 

 

OFFICERS

 

JIRO SATOH, Press                  

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY

 

FINANCES                    R/WEAK                       A/SALES          Yen 150 M

PAYMENTS                  REGULAR                     CAPITAL           Yen 3 M

TREND             UP                                WORTH            Yen 41 M

STARTED                     1992                             EMPLOYES      3

 

 

COMMENT    

 

IMPORTER AND RETAILER OF DIAMOND JEWELRY.

 

FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

 

MAX CREDIT LIMIT: YEN 2.7 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Jiro Satoh in order to make most of his experience in the subject line of business.  This is a trading firm for import retail of diamond jewelry, pearls, necklaces, ring necklaces, other.  Also operates an Italian restaurant at the caption address.

 

 

FINANCIAL INFORMATION

           

Financials are only partially disclosed.

 

The sales volume for Dec/2010 fiscal term amounted to Yen 150 million, a 50% up from Yen 100 million in the previous term.  Opened a new restaurant.  The operations plunged into the red to register Yen 5 million net losses for the term, compares with Yen 5 million net profit a year ago.  The investment into to new restaurant ate into profits.

 

For the current term ending Dec 2011 the net profit is projected at Yen 3 million, on a 3% rise in turnover, to Yen 155 million. 

 

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.  Max credit limit is estimated at Yen 2.7 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Mar 1992

Regd No.:         (Tochigi-Utsunomiya) 014538

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         240 shares

Issued:    60 shares

Sum:                   Yen 3 million

Major shareholders (%): Jiro Satoh (100)

 

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

           

Activities: Imports and retails jewelry, jewelry products, pendants, necklaces, ring necklaces, operates an Italian restaurant, other (--100%)

 

Clients: Consumers

            No. of accounts: Unavailable

            Domestic areas of activities: Centered in Tochigi-Pref

 

Suppliers: [Mfrs, wholesalers] Seven Hoshoku, Yamamori Chains Co, Showa Shokuhin Co, other

 

Payment record: Regular

 

Location: Business area in Utsunomiya City, Tochigi-Pref.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:

Tochigi Bank (Kanuma-Higashi)

Ashikaga Bank (Kanuma-Higashi)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/12/2011

31/12/2010

31/12/2009

31/12/2008

Annual Sales

　

155

150

100

84

Recur. Profit

　

　

　

　

　

Net Profit

　

3

-5

6

3

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

41

46

40

Capital, Paid-Up

　

　

3

3

3

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.33

50.00

19.05

20.00

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

1.94

-3.33

6.00

3.57

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/12/2011 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.94

UK Pound

1

Rs.71.91

Euro

1

Rs.64.60

 

 

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.