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Report Date : |
13.02.2012 |
IDENTIFICATION DETAILS
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Name : |
TRILOK DIA CO LTD |
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Registered Office : |
Morozumi Bldg 2F, 4-8-2 Taito Taitoku
Tokyo 110-0016 |
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Country : |
Japan |
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Financials (as on) : |
31.07.2011 |
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Date of Incorporation : |
February 1992 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import, wholesale of diamonds, diamond
jewelry |
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No. of Employees : |
5 |
RATING & COMMENTS
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MIRAs 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 : |
No Complaints |
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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
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
TRILOK DIA CO LTD
REGD NAME: Trilok
Dia YK
MAIN OFFICE: Morozumi
Bldg 2F, 4-8-2 Taito Taitoku Tokyo 110-0016 JAPAN
Tel:
03-3837-3161 Fax: 03-3837-3130
URL: http://www.trilok.dia.com/
E-Mail address: info@trilok.dia.com
Import, wholesale
of diamonds, diamond jewelry
Mumbai (India),
Hong Kong, Shanghai, Shenzhen (--China), Taipei, Los Angeles
Mumbai (India)
PRAKASH P PAREKH,
PRES
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 2,000 M
PAYMENTS NO
COMPLAINTS CAPITAL Yen 10 M
TREND SLOW WORTH Yen
140 M
STARTED 1992 EMPLOYES 5
IMPORTER AND
WHOLESALER SPECIALIZING IN DIAMONDS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established
by Prakash Parekh (Indian resident) in order to make most of his experience in
the subject line of business. The firm
started originally in 1942 as a representative office and was incorporated
in1992. This is a trading firm
specializing in importing diamonds and diamond jewelry. Rough diamonds are purchased from Belgium
(Belgium-made) and sent to India (Surat) for cutting and polishing. They are sent to its Mumbai office for
marketing and exporting to different countries.
Operates 6 branch offices: USA, China, India, and Taiwan. Jewelry products are mainly engagement rings,
custom-design diamond jewelry, other.
Financials are only partially
disclosed.
The sales volume for July/2011 fiscal term reportedly amounted to Yen
2,000 million, a 5% down from Yen 2,100 million in the previous term. Consumer spending was sluggish, particularly
for arts, jewelry and other big-ticket items.
The net profit was posted at Yen 10 million, compared with Yen 12
million a year ago.
For the current term ending Jul 2012 the net
profit is projected at Yen 11 million, on a 5% rise in turnover, to Yen 2,100
million. Demand is seen increasing.
The financial situation is
considered maintained FAIR and good for ORIDNARY business engagements.
Date Registered: Feb
1992
Legal Status: Private Limited Company (Yugen Gaisha)
Regd Capital: Yen 10 million
Major shareholders (%): Prakash Parekh
(100)
Nothing
detrimental is known as to his commercial morality.
Activities: Imports, exports and wholesales diamonds
& diamond jewelry (--100%).
Purchases rough diamonds from Belgium and
cut/polished in India (Surat) for exports to different countries. Operates 6 branches centrally in Asian
countries, including USA.
Clients: Jewelry
processors, jewelers, other
No. of accounts:
Unavailable
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers: Jewelry makers,
jewelry processors, other
Imports from India, Belgium, other
Payment record: No Complaints
Location: Business area in Tokyo.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References:
Indo State Bank
(Tokyo)
SMBC
(Nihombashi-Higashi)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/07/2012 |
31/07/2011 |
31/07/2010 |
31/07/2009 |
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Annual
Sales |
|
2,100 |
2,000 |
2,100 |
2,100 |
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Recur.
Profit |
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|
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Net
Profit |
|
11 |
10 |
12 |
13 |
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Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
140 |
133 |
125 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(₯) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
5.00 |
-4.76 |
0.00 |
-8.70 |
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|
Current Ratio |
|
|
.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
.. |
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N.Profit/Sales |
0.52 |
0.50 |
0.57 |
0.62 |
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Notes: Financials
are only partially disclosed. The figures
for the 31/07/2011 fiscal term are
estimated as the
firm does not disclose the precise figures, only approximate figures
Forecast (or
estimated) figures for the 31/07/2012 fiscal term.
DIAMOND INDUSTRY
INDIA
-
From time immemorial, India is well known in the world
as the birthplace for diamonds. It is difficult to trace the origin of
diamonds but history says that in the remote past, diamonds were mined only in
India. Diamond production in India can be traced back to almost 8th
Century B.C. India, in fact, remained undisputed leader till 18th
Century when Brazilian fields were discovered in 1725 followed by emergence of
S. Africa, Russia and Australia.
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The achievement of the Indian diamond industry was
possible only due to combination of the manufacturing skills of the Indian
workforce and the untiring and unflagging efforts of the Indian diamantaires,
supported by progressive Government policies.
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The area of study of family owned diamond businesses
derives its importance from the huge conglomerate of family run organizations
which operate in the diamond industry since many generations.
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Some of the basic traits of family run business
enterprises include spirit of entrepreneurship, mutual trust lowers transaction
costs, small, nimble and quick to react, information as a source of advantage
and philanthropy.
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Family owned diamond businesses need to improve on
many fronts including higher standard of corporate governance, long-term
performance focused strategies, modern management and technology.
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The diamond jewellery industry in India today may be
more than Rs 60000 mil and is rated amongst the fastest growing in the
world. Indi ranks third in the world in domestic diamond consumption.
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Utmost caution is to be exercised while dealing with
some medium and large diamond traders which are usually engaged in fictitious
import export, inter-company transactions, financially assisted by banks. In
the process, several public sector banks lost several hundred million rupees.
They mostly diverted borrowed money for diamond business into real estate and
capital markets.
-
Excerpts from Times of India dated 30th
October 2010 is as under
DIAMOND
SAGA DIRTY DOZEN STUCK WITH 2K CR DEBT
This could be the biggest credibility crisis
the Indian diamond industry has ever faced. Fifteen banks run the risk of
losing Rs 2000 crore lent to a dozen diamond firms in Surat. Until about two
months ago, they had not repaid these dues. Bankers believe many
diamantaires borrowed money during the economic downturn two years ago and
diverted funds to businesses like real estate and capital markets. Many of
themselves made money from these businesses but their diamond companies have
gone sick and declared insolvency.
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Most of the money borrowed from the banks in the name
of their diamond business has been diverted in real estate and the share
market. The banks are not in a position to seize their properties because in
many cases, these were purchased in the name of their relatives and friends.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.64 |
|
|
1 |
Rs.78.35 |
|
Euro |
1 |
Rs.65.79 |
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 |
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<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 SCs 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.