MIRA INFORM REPORT
|
Report Date : |
30.03.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
VITHAL TRADING COMPANY, YK |
|
|
|
|
Registered Office : |
1-4-30 Naka-Ogawara |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.08.2010 |
|
|
|
|
Date of Incorporation : |
August 2002 |
|
|
|
|
Com. Reg. No.: |
(Yamanashi-Kofu) 006135 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Import, wholesale
of polished diamonds, diamond set 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 |
|
Status : |
Moderate |
|
|
|
|
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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name
VITHAL TRADING COMPANY, YK
REGD NAME
YK Vithal Trading
MAIN OFFICE
1-4-30
Naka-Ogawara
Tel:
055-242-7801 Fax: 055-242-7802
*.. Moved to the
caption address in Oct/2010 from the former at:
Space Bros, 1273-3
Showacho Shimizu Arai Nakakomagun Yamanashi-Pref, as given
URL: N/A
ACTIVITIES
Import,
wholesale of polished diamonds, diamond set jewelry, other, from
BRANCHES
Nil
FACTORIES
(subcontracted)
OFFICER(S)
CHETAN
BAHI KUMAR, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 560 M
PAYMENTS REGULAR CAPITAL Yen 9 M
TREND SLOW WORTH Yen
62 M
STARTED 2002 EMPLOYES 6
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN DIAMONDS &
JEWELRY, FROM
HIGHLIGHTS
The subject company
was established by Chetan Bahi Kumar, an Indian businessman residing in
FINANCIAL INFORMATION
Financials are only
partially disclosed and in rounded-off numbers.
The sales volume
for Aug/2010 fiscal term amounted to Yen 560 million, a 30% down from Yen
800,000 million in the previous period, as substantially affected by the global
economic downturn. The net profit was
posted at Yen 3 million, compared with Yen 8 million a year ago.
For the current
term ending Aug 2011 the net profit is projected at Yen 5 million, on a 7% rise
in turnover, to Yen 600 million. The
price hike of diamonds will contribute.
The financial
situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 8.75
million, on 30 days normal terms.
REGISTRATION
Date Registered: Aug 2002
Regd No.: (Yamanashi-Kofu) 006135
Legal Status: Private
Limited Company (Yugen Kaisha)
Regd Capital: Yen
9 million
Major shareholders (%): Chetan Bahi Kumar (100).
Nothing
detrimental is known as to his commercial morality.
OPERATION
Activities: Imports and wholesales polished diamonds, other precious stones,
diamond set jewelry, other jewelry products, from
Diamonds and other
precious stones are partially subcontracted mfg to local jewelry processors.
Clients: [Jewelry processors, jewelry stores] Ishitomo Co, other
No. of accounts: 100
Domestic areas of activities:
Centered in Yamanashi-Pref, extending into
Suppliers: [Mfrs] Imports solely from
Payment record: Regular
Location:
Business area in
Bank References:
Resona
Bank (
Yamanashi
Chuo Bank (H/O)
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
|
31/08/2011 |
31/08/2010 |
31/08/2009 |
31/08/2008 |
|
Annual
Sales |
|
600 |
560 |
800 |
800 |
|
Recur.
Profit |
|
|
|
|
|
|
Net
Profit |
|
5 |
3 |
8 |
10 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
62 |
59 |
51 |
|
Capital,
Paid-Up |
|
|
9 |
9 |
9 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
7.14 |
-30.00 |
0.00 |
0.00 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
0.83 |
0.54 |
1.00 |
1.25 |
|
Notes: Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/08/2011 fiscal term
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.67 |
|
|
1 |
Rs.71.63 |
|
Euro |
1 |
Rs.63.09 |
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 |
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.