MIRA INFORM REPORT

 

 

Report Date :           

30.11.2011

 

IDENTIFICATION DETAILS

 

Name :

A B DIAMOND, YK

 

 

Registered Office :

3-5-30 Kokubo Kofu 400-0043

 

 

Country :

Japan

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

September 1999

 

 

Com. Reg. No.:

(Yamanashi-Kofu) 005629          

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Import, wholesale of polished diamonds

 

 

No. of Employees:

3

 

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 :

Small Company 

Payment Behaviour :

Usually Correct 

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

 

 

Company name

 

A B DIAMOND, YK

 

 

REGD NAME 

 

YK A. B. Diamond

 

 

MAIN OFFICE

 

3-5-30 Kokubo Kofu 400-0043 JAPAN

Tel: 055-224-2448     Fax: 055-224-2449

URL:                 N/A

 

 

ACTIVITIES  

 

Import, wholesale of polished diamonds

 

 

BRANCHES   

 

Nil

 

 

FACTORIES  

 

(subcontracted)

 

 

OFFICERS

 

ASHISH CHOUDHARI, PRES (Indian resident)

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY

 

FINANCES                    FAIR                             A/SALES          Yen 380 M

PAYMENTS                  REGULAR                     CAPITAL           Yen 9 M

TREND             STEADY                       WORTH            Yen 27 M

STARTED                     1999                             EMPLOYES      3

 

 

COMMENT    

 

IMPORTER AND WHOLESALER SPECIALIZING IN POLISHED DIAMONDS.                   

 

 

FINANCIAL

 

SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

 

HIGHLIGHTS

 

The subject company was reactivated in May 2002 by Ashish Choudhari on the basis of taking over a firm, Shubham International Ltd, in the similar line of importing polished diamonds, founded in Sept 1999 by an Indian businessman.  This is a trading firm for import and wholesale of polished diamonds.  About 80% of the diamonds are imported from India, and other from Hong Kong, Thailand, etc.  A resident of Japan, A Choudhari speaks fluent Japanese with good business contacts in Kofu City, hub of jewelry processors and stores, and in greater-Tokyo area.  Diamonds and other precious stones are partially subcontracted mfg into jewelry products to local processors.  About 70% of the clients are in Tokyo area.

 

 

FINANCIAL INFORMATION

           

Financials are only partially disclosed in rounded-off figures.

 

The sales volume for Dec/2010 fiscal term amounted to Yen 380 million, a 19% up from Yen 320 million in the previous term.  Reportedly the firm acquired two big volume-sales retailers as new clients.  The net profit was posted at Yen 4 million, compared with Yen 3 million a year ago

 

For the current term ending Dec 2011 the net profit is projected at Yen 4 million, on a 5% rise in turnover, to Yen 400 million. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements. 


REGISTRATION

           

Date Registered: Sept 1999

Regd No.:         (Yamanashi-Kofu) 005629

Legal Status:   Private Limited Company (Yugen Kaisha)

Regd Capital:   Yen 9 million

Major shareholders (%): Ashish Choudhari (100)

 

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

 

Activities: Imports and wholesales polished diamonds, diamond jewelry, other precious stones (--100%). 

                       

Goods are imported from India centrally, and partially from Hong Kong & Thailand.  Goods are also subcontracted mfg to local jewelry processors into products.

 

Clients: [Jewelry processors, jewelry stores, chain stores] Clients in Kofu area (30%), in     Tokyo region (70%).

            No. of accounts: 200

            Domestic areas of activities: Centered in Kofu City and greater-Tokyo

Suppliers: [Mfrs, wholesalers] Imports from India (about 80%), other from Hong Kong and Thailand.

 

Payment record: Regular

 

Location: Business area in Kofu City.  Office premises at the caption address are owned by A Choudhari as his private residence, shared as office, and maintained satisfactorily.

 

Bank References:

Kofu Shinkin Bank (Nishi)

Mizuho Bank (Kofu)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/12/2011

31/12/2010

31/12/2009

31/12/2008

Annual Sales

　

400

380

320

310

Recur. Profit

　

　

　

　

　

Net Profit

　

4

4

3

3

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

27

24

21

Capital, Paid-Up

　

　

9

9

9

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

5.26

18.75

3.23

-8.82

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

1.00

1.05

0.94

0.97

 

Notes: Financials are only partially disclosed. 

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

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.93

UK Pound

1

Rs.80.62

Euro

1

Rs.69.36

 

 

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.