MIRA
INFORM REPORT
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Report Date : |
25.10.2011 |
IDENTIFICATION DETAILS
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Name : |
TOKYO PEARL CO LTD |
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Registered Office : |
Tokyo Shinju Bldg, 6-16-3 Ginza Chuoku
Tokyo 104-0061 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Year of Establishment : |
February 1959 |
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Com. Reg. No.: |
(Tokyo) 061359 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export,
wholesale of pearls, 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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Maximum Credit Limit : |
Yen 82.2 Million |
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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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 and address
TOKYO PEARL CO LTD
REGD NAME: Tokyo
Shinju KK (Shinju means Pearl)
MAIN OFFICE: Tokyo
Shinju Bldg, 6-16-3 Ginza Chuoku Tokyo 104-0061 JAPAN
Tel: 03-3543-6055 Fax: 03-3543-2127
URL: http://www.tokyopearl.com/
E-Mail address: info@tokyopearl.com
ACTIVITIES
Import, export, wholesale
of pearls, diamonds
BRANCHES
Osaka, Kofu
OVERSEAS
Antwerp, Tel Aviv
(-- rep offices)
TP Diamond Co Ltd
(Thailand); Tokyo Shinju Singapore Pte Ltd;
Tokyo Shinju
International Ltd (Taiwan) (--subsidiaries)
FACTORIES
Ise (Mie-Pref);
Hong Kong, Taiwan
OFFICER(S)
Takezo Koyama, ch
TOTA KOYAMA, PRES
Itaru Honjo, s/mgn
dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 4,551 M
PAYMENTS REGULAR CAPITAL Yen 100 M
TREND SLOW WORTH Yen 341 M
STARTED 1959 EMPLOYES 75
COMMENT
TRADING FIRM
SPECIALIZING IN DIAMONDS & PEARLS.
FINANCIAL
SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT:
YEN 82.2 MILLION, 30 DAYS, WE RECOMMENDING
ANY & ALL
CREDITS TO BE ON STRICTLY SECURED TERMS.
HIGHLIGHTS
The subject company was established
by Takezo Koyama in order to make most of his ex-perience in the subject line
of business, as Tokyo Pearl Ltd.
Originally started as a pearl trader, and in 1973, reorganized and
renamed as captioned. In 1980 started
the pearl business. In 2004, Takezo
Koyama promoted to ch, when Tota Koyama, his son, took the office of pres. This is a trading firm specializing in
import, export and wholesale of polished diamonds, pearls, jewelry products,
other. Diamonds are imported from
Belgium, Israel, Russia, Thailand, India, USA, other. Pearls are exported. Also imports black Tahiti pearls and South
Sea pearls from Tahiti, Surabaya, Australia, other. Clients are jewelers, jewelry processors,
other.
FINANCIAL INFORMATION
Financials are only partially
disclosed except for the 31/03/2010 term.
The sales volume for Mar/2011 fiscal term amounted to Yen 4,551 million,
a 3% down from Yen 4,672 million in the previous term. This is referred to slumping consumer
spending on luxurious goods. Reportedly
lost one client due to insolvency. The
operations came back to profitability to register Yen 1,771 million, compared
with Yen 25 million net profit a year ago.
For the current term ending Mar 2012 the net
profit is projected at Yen 1,800 million, on a 3% rise in turnover, to Yen
4,700 million.
The financial situation is
considered RATHER WEAK but should be good for MODERATE business
engagements. Max credit limit is
estimated at Yen 82.2 million, on 30 days, we, however, recommend strictly
secured terms on any & all credits.
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REGISTRATION
Date Registered: Feb 1959
Regd No.:
(Tokyo) 061359
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
800,000 shares
Issued:
200,000 shares
Sum: Yen 100 million
Major
shareholders (%): Takezo Koyama (39.9), Itaru Honjo (1.8), Tota Koyama (0.5)
No.
of shareholders: 15
Nothing detrimental
is known as to the commercial morality of executives.
OPERATION
Activities: Imports, exports and wholesales polished
diamonds, (60%), pearls & dia- mond/pearl
jewelry (--40%).
Imports diamonds
from Belgium, Israel, Russia, Thailand, USA, India, Hong Kong, other.
Pearls are
imported from Tahiti, Surabaya, Australia, etc.
Pearls are also exported.
Clients: [Jewelry processors, jewelry stores]
Kashikey, Belita, Nagahori, Mikimoto Pearls,
Citizen Watch, Azumi, Tokyo Kiho, Kyocera
Corp, other.
No. of accounts:
500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesalers] Imports diamonds from
Belgium, Israel, Russia, Thailand, USA, India, Hong Kong, other.
Imports pearls from Tahiti, Australia,
Surabaya, other.
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are owned and maintained satisfactorily.
Bank
References:
SMBC (Ginza)
Norin Chukin Bank
(H/O)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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4,700 |
4,551 |
4,672 |
4,747 |
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Recur.
Profit |
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Net
Profit |
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1,800 |
1,771 |
25 |
1,450 |
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Total
Assets |
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N/A |
7,833 |
N/A |
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Net Worth |
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341 |
-1,430 |
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Capital,
Paid-Up |
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100 |
100 |
100 |
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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 |
3.27 |
-2.59 |
-1.58 |
-26.83 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
-18.26 |
.. |
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N.Profit/Sales |
38.30 |
38.91 |
0.54 |
30.55 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated)
figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.87 |
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1 |
Rs.79.73 |
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Euro |
1 |
Rs.69.53 |
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.