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Report Date : |
03.09.2013 |
IDENTIFICATION DETAILS
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Name : |
ALPHA STAR CORPORATION |
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Registered Office : |
Aioi Nissei Insurance Shinjuku Bldg 2F, 3-25-3 Yoyogi Shibuyaku Tokyo
151-0053 |
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Country : |
Japan |
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Date of Incorporation : |
December, 1998 |
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Com. Reg. No.: |
0100-02-028558 |
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Legal Form : |
Private Limited |
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Line of Business : |
Import, wholesale of silver & rare metal jewelry |
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No. of Employees : |
5 (about) |
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 |
COMPANY NAME
ALPHA STAR
CORPORATION
REGD NAME
YK Alpha Star Corporation
MAIN OFFICE
Aioi Nissei Insurance Shinjuku Bldg 2F, 3-25-3 Yoyogi Shibuyaku Tokyo
151-0053 JAPAN
Tel: 03-3299-7377 Fax:
03-3299-7090
URL: Error!
Hyperlink reference not valid.
E-Mail address: kn881@alphar-star.co.jp
ACTIVITIES
Import, wholesale of silver & rare metal jewelry
BRANCHES
Nil
OFFICERS
ISAO KIMURA, PRES
Yen Amount: In million Yen,
unless otherwise stated
SUMMARY
FINANCES UNDETD A/SALES NOT DISCLOSED
PAYMENTS UNKNOWN CAPITAL Yen
3 M
TREND UNDETD WORTH UNAVAILABLE
STARTED 1998 EMPLOYES 5 (about)
COMMENT
TRADING FIRM SPECIALIZING IN JEWELRY.
FINANCIAL SITUATION UNDETERMINED DUE TO THE LACK OF PROVEN BUSINESS,
WHICH THE FIRM DOES NOT DISCLOSE.
MAX CREDIT LIMIT: UNABLE TO BE ASSESSED DUE TO THE SAME REASON. ANY AND ALL CREDITS ARE RECOMMENDED WITH
SECURED TERMS AND CONDITIONS.
HIGHLIGHTS
The subject company was established by Isao Kimura in order to make most
of his experience in the subject line of business. This is a trading firm specializing in silver
& rare metal jewelry. Goods are
imported from India, Israel, Thailand, other.
Clients are jewelry stores, chain stores, other. The firm does not disclose its management
& financial details and the information herein is based on the Registration
Certificate. No other data are available
from outside sources.
FINANCIAL
INFORMATION
Financials are not disclosed, and unable to report.
Both the financial situation and business trends are not determined due
to the lack of proven business, which the firm does not disclose. Max credit limit is unable to be assessed due
to the same reason. Any & all
credits are recommended with fully secured terms & conditions.
REGISTRATION
Date Registered: Dec
1998
Regd No.: 0100-02-028558
(Tokyo-Shibuyaku)
Legal Status: Private Limited Company
(Yugen Kaisha)
Regd Capital: Yen 3 million
Major shareholders
(%): Isao Kimura (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: Imports and
wholesales silver & rare metal jewelry: silver chain, rings, pendants,
necklaces, earrings, other (--100%)
Clients: Jewelry shops,
chain stores, other
No. of accounts:
Unavailable
Suppliers: [Mfrs, wholesalers]
Imports from India, Israel, Thailand, other
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Local Bank (Tokyo)
Relations: Money deposits & transfers only
FINANCES
(In Million Yen)
NOT DISCLOSED AND
UNAVAILABLE.
DIAMOND INDUSTRY – INDIA
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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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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.
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Excerpts from Times of India dated 30th
October 2010 is as under –
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Gem & Jewellery Export Promotion Council in its
statistical data has shown the export of polished diamonds to have increase by
28 % in February 2013. Compared to $ 1.4 bn worth of polished diamond export in
February, 2012, India exported $ 1.84 billion worth of polished diamonds in
February 2013. A senior executive of GJEPC said, “Export of cut and polished
diamonds started falling month-wise after the imposition of 2 % of import duty
on the polished diamonds. But February, 2013 has given a new ray of hope to the
industry as the export of polished diamonds has actually increased by 28 %. It
means the industry is on the track of recovery and round tripping of
diamonds has stopped completely.” Demand has started coming from the US, the
UK, Japan and China. India’s polished diamond export is expected to cross $ 21
bn in 2013-14.
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The banking sector has started exercising restraint
while following prudent risk management norms when lending money to gems and
jewellery sector. This follows the implementation of Basel III accord – a
global voluntary regulatory standard on bank capital adequacy, stress testing
and market liquidity.
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.