MIRA INFORM REPORT

 

 

Report Date :

12.05.2011

 

IDENTIFICATION DETAILS

 

Name :

MAX

 

 

Registered Office :

2615-14 Minami Yatsushirocho Fuefuki City Yamanashi-Pref 406-0822

 

 

Country :

Japan

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

July 1999

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Import, wholesale of polished diamonds

 

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 – December 31, 2010

 

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

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

 

MAX (SOLE PROPRIETORSHIP)

REGD NAME:    Max (sole proprietorship & not registered)

MAIN OFFICE:  2615-14 Minami Yatsushirocho Fuefuki City Yamanashi-Pref 406-0822 JAPAN

                        Tel: 055-265-3090     Fax: 055-265-3090

           

URL:                 N/A

 

 

ACTIVITIES

 

Import, wholesale of polished diamonds

 

BRANCHES   

 

Nil

 

FACTORIES  

 

(subcontracted)

 

 

OFFICERS

 

KANJI SUEKI, PROPRIETOR

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    R/WEAK                       A/SALES          Yen 99 M

PAYMENTS                  UNKNOWN                   CAPITAL           - - -

TREND             SLOW                          WORTH            Yen 10 M

STARTED                     1999                             EMPLOYES      3

 

 

COMMENT    

 

IMPORTER AND WHOLESALER SPECIALIZING IN POLISHED DIAMONDS. FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

                       

WE RECOMMEND FULLY GUARANTEED TERMS ON NEW TRANSACTIONS.

 

 

HIGHLIGHTS

           

The subject firm was started by Kanji Sueki as a proprietorship in order to make most of     his experience in the subject lien of business.  A proprietorship owned and operated from his home address, specializing in import and wholesale of polished diamonds from India centrally.  Goods are imported from India centrally, and shipped to jewelry processors, jewelry stores,

centering in Yamanashi-Pref.

 

 

FINANCIAL INFORMATION

 

Financials are only partially disclosed.

           

The sales volume for Dec/2010 fiscal term amounted to Yen 99 million, a 1% down from Yen 100 million in the previous term, as affected by the global economic downturn.  Jewelry market remained sluggish.  The net profit was posted at Yen 1 million, a similar amount in the previous year.

 

For the current term ending Dec 2011 the net profit is projected to mark time at Yen 1 million, on a 1% rise in turnover, to Yen 100 million.

 

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.  We recommend fully guaranteed terms on new transactions.

 

 

REGISTRATION

           

Date Registered:  Not registered

(Founded Jul 1999)

Legal Status:      Sole Proprietorship

Net Worth:          Yen 10 million

 

This is a sole proprietorship owned and operated by Kanji Sueki, operating from his home address.  The net worth is estimated at Yen 10 million, which derived from his      past savings.

 

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

           

Activities: Imports and wholesales polished diamonds from India centrally (100%).

 

           

Clients: Jewelry processors, jewelry stores, other 

No. of accounts: 100

Domestic areas of activities: Centered in Yamanashi-Pref

Suppliers: [Mfrs, wholesalers] Imports from India centrally.

 

Location: Business area in Fuefuki City, Yamanashi-Pref.  Office premises at the caption address are owned by Kanji Sueki as his home residence and maintained satisfactorily.

 

Bank References:

Yamanashi Chuo Bank (Yatsushiro)

Relations: Money deposits & transfers only.

 

 

FINANCES

 (In Million Yen)

 

Terms Ending:

　

31/12/2011

31/12/2010

31/12/2009

31/12/2008

Annual Sales

　

100

99

100

100

Recur. Profit

　

　

　

　

　

Net Profit

　

1

1

1

1

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

10

10

10

Capital, Paid-Up

　

　

　

　

　

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

1.01

-1.00

0.00

-50.00

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

1.00

1.01

1.00

1.00

 

Financials are only partially disclosed.

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

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.69

UK Pound

1

Rs.73.12

Euro

1

Rs.64.39

 

 

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.