MIRA INFORM REPORT
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Report Date : |
13.05.2011 |
IDENTIFICATION DETAILS
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Name : |
ROSY BLUE LTD
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Registered Office : |
Jewelry Mart 3F, 1-10-6 Higashiueno
Taitoku Tokyo 110-0015 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
February 1978 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale
of rough diamonds, polished & precut diamonds |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Regular |
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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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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 |
Company name
ROSY BLUE LTD
REGD NAME
KK Rosy Blue
MAIN OFFICE
Jewelry Mart 3F,
1-10-6 Higashiueno Taitoku Tokyo 110-0015 JAPAN
Tel: 03-3836-7088 Fax: 03-3836-7099
E-Mail address: Tokyo@rosyblue.com
ACTIVITIES
Import,
wholesale of rough diamonds, polished & precut diamonds
BRANCHES
Nil
FACTORIES
(subcontracted)
OFFICER(S)
ATUL
JHAVERI, PRES (Indian resident)
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 5,000 M
PAYMENTS REGULAR CAPITAL Yen 33 M
TREND SLOW WORTH Yen
334 M
STARTED 1978 EMPLOYES 30
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN DIAMONDS, JAPAN
BRANCH OF ROSY BLUE GROUP, BELGIUM.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject company was established originally in 1974 as a marketing
office in Japan by Rosy Blue Group, founded 1973 in Belgium as satellite office
for B Arunkumar & Co, India, for procurement of rough & polished
diamonds. The subject firm was incorporated
in 1978. The subject specializes in importing
and wholesaling diamonds, from rough to polished & precut ones. Also handles jewelry products. Goods are imported widely from mining
companies in Canada, Russia, S Africa, S America, etc, including those from
group firms in 15 global networks. Diamonds
are subcontracted mfg into fine jewelry products. Clients are major jewelry wholesalers,
jewelry processors, chain stores, other.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Dec/2010 fiscal term is reported amounted to Yen
5,000 million, a 2% down from Yen 5,100 million in the previous term. The net profit was posted at Yen 10 million,
similarly in the last term.
For the term ending Dec 2011 the net profit is projected at Yen 10
million, on a 2% rise in turnover, to Yen 5,100 million.
The financial situation is considered RATHER WEAK but should be good for
MODERATE business engagements.
REGISTRATION
Date Registered: Feb 1978
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
2,640 shares
Issued:
660 shares
Sum: Yen 33 million
Major shareholders (%): Rosy
Blue Finance, Atul Jhaveri & relatives (--100)
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and
wholesales rough diamonds, polished, precut diamonds (--90%),
Fine jewelry, other jewelry products
(--10%).
Partially retails them, too.
Goods are imported from Belgium, Hong Kong, Israel, South Africa, Switz, India, China, and other group firms in 15 locations worldwide.
Rough diamonds include: sawables, makeables,
cleavages, industrials, crystals, etc.
Polished diamonds include: stars, full cuts,
melees, pointers, caraters, larger specials, ideal cuts, certificate goods,
princess cuts, fancies
Clients: Local jewelers,
jewelry processors, jewelry mfrs, chain stores, consumers, other
No.
of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers:
[Mfrs, mining firms, wholesalers] Rosy Blue NV (Belgium), Rosy Blue India Pri- vate Ltd (India), DTC (De Beers), BHP
(Australia), Rio Tinto, Alrosa, other from Hong Kong, Israel, South Africa, Switz, India, China, UAE, Russia,
Luxemburg, Sri Lanka, Thailand, USA,
etc.
Payment record:
Regular
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
SMBC
(Ueno)
MUFG
(Ueno-Chuo)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/12/2011 |
31/12/2010 |
31/12/2009 |
31/12/2008 |
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Annual
Sales |
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5,100 |
5,000 |
5,100 |
6,000 |
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Recur.
Profit |
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Net
Profit |
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10 |
10 |
10 |
20 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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334 |
327 |
320 |
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Capital,
Paid-Up |
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33 |
33 |
33 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.00 |
-1.96 |
-15.00 |
-4.76 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
0.20 |
0.20 |
0.20 |
0.33 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/12/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.79 |
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UK Pound |
1 |
Rs.73.19 |
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Euro |
1 |
Rs.63.59 |
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.