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Report Date : |
14.06.2014 |
IDENTIFICATION DETAILS
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Name : |
ROSY BLUE LTD |
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Registered Office : |
4-6-12 Yushima Bunkyoku Tokyo |
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Country : |
Japan |
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Financials (as on) : |
31.12.2014 (Estimated) |
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Date of Incorporation : |
February 1978 |
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Com. Reg. No.: |
0100-01-086053 (Tokyo-Bunkyoku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Importer, wholesaler and retailer of Rough Diamonds,
Polished, Precut Diamonds, Fine Jewelry & Other Jewelry Products |
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No of Employees : |
45 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow But Correct |
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Litigation : |
Clear |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
Japan ECONOMIC OVERVIEW
In the years following World War II, government-industry
cooperation, a strong work ethic, mastery of high technology, and a
comparatively small defense allocation (1% of GDP) helped Japan develop a
technologically advanced economy. Two notable characteristics of the post-war
economy were the close interlocking structures of manufacturers, suppliers, and
distributors, known as keiretsu, and the guarantee of lifetime employment for a
substantial portion of the urban labor force. Both features are now eroding
under the dual pressures of global competition and domestic demographic change.
Japan's industrial sector is heavily dependent on imported raw materials and
fuels. A small agricultural sector is highly subsidized and protected, with
crop yields among the highest in the world. While self-sufficient in rice
production, Japan imports about 60% of its food on a caloric basis. For three
decades, overall real economic growth had been spectacular - a 10% average in
the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth
slowed markedly in the 1990s, averaging just 1.7%, largely because of the after
effects of inefficient investment and an asset price bubble in the late 1980s
that required a protracted period of time for firms to reduce excess debt,
capital, and labor. Modest economic growth continued after 2000, but the
economy has fallen into recession three times since 2008. A sharp downturn in
business investment and global demand for Japan's exports in late 2008 pushed
Japan into recession. Government stimulus spending helped the economy recover
in late 2009 and 2010, but the economy contracted again in 2011 as the massive
9.0 magnitude earthquake and the ensuing tsunami in March disrupted
manufacturing. The economy has largely recovered in the two years since the
disaster, but reconstruction in the Tohoku region has been uneven. Prime
Minister Shinzo ABE has declared the economy his government's top priority; he
has overturned his predecessor's plan to permanently close nuclear power plants
and is pursuing an economic revitalization agenda of fiscal stimulus, monetary
easing, and structural reform. Japan joined the Trans Pacific Partnership
negotiations in 2013, a pact that would open Japan's economy to increased foreign
competition and create new export opportunities for Japanese businesses.
Measured on a purchasing power parity (PPP) basis that adjusts for price
differences, Japan in 2013 stood as the fourth-largest economy in the world
after second-place China, which surpassed Japan in 2001, and third-place India,
which edged out Japan in 2012. The new government will continue a longstanding
debate on restructuring the economy and reining in Japan's huge government
debt, which is exceeding 230% of GDP. To help raise government revenue and
reduce public debt, Japan decided in 2013 to gradually increase the consumption
tax to a total of 10% by the year 2015. Japan is making progress on ending
deflation due to a weaker yen and higher energy costs, but reliance on exports to
drive growth and an aging, shrinking population pose other major long-term
challenges for the economy.
|
Source : CIA |
ROSY BLUE LTD
KK Rosy Blue
Jewelry Mart 3F, 1-10-6
Higashiueno Taitoku Tokyo 110-0015 JAPAN
Tel:
03-3836-7088 Fax: 03-3836-7099
*.. Registered at: 4-6-12 Yushima Bunkyoku Tokyo
E-Mail address: Tokyo@rosyblue.com
Importer, wholesaler
and retailer of Rough Diamonds,
Polished, Precut Diamonds, Fine Jewelry & Other Jewelry Products
Nil
Belgium,
Israel, India, UAE, Hong Kong, USA (--group firms)
(subcontracted)
ATUL
JHAVERI, PRES (Indian resident)
C R
Jhaveri, s/mgn dir N
Jhaveri, dir
S
Jhaveri, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 6,500 M
PAYMENTSSlow But Correct CAPITAL Yen 33 M
TREND UP WORTH Yen 374 M
STARTED 1978 EMPLOYES 45
IMPORTER AND WHOLESALER SPECIALIZING IN DIAMONDS, JAPAN
BRANCH OF ROSY BLUE GROUP, BELGIUM.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
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, with steady and close business connections.
Financials are only partially disclosed.
Profits are not precisely disclosed and only estimated.
The sales volume for Dec/2013 fiscal term amounted to Yen 6,500 million,
a similar amount in the previous term.
The net profit was posted at Yen 17 million, compared with Yen 15
million a year ago.
For the current term ending Dec 2014 the net profit is projected at Yen
20 million, on a 3% rise in turnover, to Yen 6,700 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Feb 1978
Regd No.: 0100-01-086053
(Tokyo-Bunkyoku):
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: 5
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports,
wholesales and retails 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: [Jewelers, jewel
processors, chain stores, consumers] Nagahori Corp,
Sadamatsu Co, other to 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 Private 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: Slow But
Correct
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank
References:
SMBC (Ueno)
Tokyo Tomin Bank (Kasugacho)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/12/2014 |
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
Annual
Sales |
|
6,700 |
6,500 |
6,500 |
6,500 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
20 |
17 |
15 |
15 |
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Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
374 |
359 |
344 |
|
Capital,
Paid-Up |
|
|
13 |
13 |
13 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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|
S.Growth Rate |
3.08 |
0.00 |
0.00 |
16.07 |
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Current Ratio |
.. |
.. |
.. |
||
|
N.Worth Ratio |
.. |
.. |
.. |
||
|
N.Profit/Sales |
0.30 |
0.26 |
0.23 |
0.23 |
|
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/12/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.48 |
|
UK Pound |
1 |
Rs.100.93 |
|
Euro |
1 |
Rs.80.71 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
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Report Prepared
by : |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.