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Report No. : |
354751 |
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Report Date : |
11.12.2015 |
IDENTIFICATION DETAILS
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Name : |
CHATANI JEWELRY CO LTD |
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Registered Office : |
1-6-29 Higashi-Shinsaibashi Chuoku Osaka 542-0083 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2015 |
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Date of Incorporation : |
September 1968 |
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Com. Reg. No.: |
1200-01-084357 (Osaka-Chuoku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import and wholesale of
jewelry, jewelry products, accessories, other (--100%) |
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No. of Employee : |
33 |
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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Status : |
Small company |
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Payment Behaviour : |
No complaints |
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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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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 |
CHATANI JEWELRY CO LTD
REGD NAME: KK
Chatani Jewelry
MAIN OFFICE: 1-6-29
Higashi-Shinsaibashi Chuoku Osaka 542-0083 JAPAN
Tel:
06-6245-4421 Fax: 06-6245-0153
*.. The is its Tokyo Office
E-Mail
address: osaka@chatani.co.jp
(Osaka); tokyo@chatani.co.jp
(Tokyo)
Import,
wholesale of jewelry, accessories
Tokyo,
Wakayama (rest house)
Italy,
France (--Business partners)
Takaishi
(Osaka) (processing)
YASUHIRO
CHATANI, PRES
Kunitake
Asami, dir
Hiroko
Chatani, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen
595 M
PAYMENTSNO COMPLAINTS CAPITAL Yen
80 M
TREND STEADY WORTH Yen 63 M
STARTED 1968 EMPLOYES 33
TRADING FIRM SPECIALIZING IN
JEWELRY & ACCESSORIES.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR
ORDINARY BUSINESS ENGAGEMENTS.
The subject company is a trading firm for import and
wholesale of jewelry, accessories, other (See OPERATION). Goods are
imported mainly from Europe. Products
are processed and exported, too. Clients
include department stores, supermarkets, other
Financials are disclosed only partially.
The sales volume for Mar/2015 fiscal term amounted to Yen
595 million, a 6% up from
Yen 563 million in the previous term. The weaker Yen contributed to raise earnings in Yen terms. The
net profit was posted at Yen 7 million, compared with Yen 6 million a year ago.
For the current term ending Mar 2016 the net profit is
projected at Yen 8 million, on a 5% rise in turnover, to Yen 625 million. Business is seen expanding steadily.
The financial situation is considered FAIR and good for
ORDINARY business engagements.
Date Registered: Sept
1968
Regd No.: 1200-01-084357
(Osaka-Chuoku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 640,000
shares
Issued:
160,000 shares
Sum: Yen 80
million
Major shareholders (%):
Yasuhiro Chatani (100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: A trading firm for import and
wholesale of jewelry, jewelry products, accessories, other (--100%)
(Items handled): necklaces, pendants, broaches,
earrings, pierced earrings, bracelets, key holders, other
Clients: [Mfrs, wholesalers] C’est Bien, Negoro
Inc, Etoile Kaito Ltd, Terauchi Co, King Co, other
Exports to Hong Kong, China,
other
No. of
accounts: 250
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Nakagawa Corp,
Izumi Jewelry, Swarovski Japan, Town Talk Polish Co, other
Imports from Italy, France,
other
Payment record: No complaints
Location:
Business area in Osaka. Office premises
at the caption address are owned and maintained satisfactory.
Bank References:
MUFG
(Kawaramachi)
SMBC
(Midosuji)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
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31/03/2016 |
31/03/2015 |
31/03/2014 |
31/03/2013 |
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Annual Sales |
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625 |
595 |
563 |
590 |
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Recur. Profit |
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.. |
.. |
.. |
.. |
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Net Profit |
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8 |
7 |
6 |
7 |
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Total Assets |
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N/A |
N/A |
N/A |
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Net Worth |
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63 |
56 |
50 |
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Capital, Paid-Up |
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80 |
80 |
80 |
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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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(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
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5.04 |
5.68 |
-4.58 |
18.95 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
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1.28 |
1.18 |
1.07 |
1.19 |
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/03/2016 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.66.79 |
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|
1 |
Rs.101.37 |
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Euro |
1 |
Rs.73.46 |
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YEN |
1 |
Rs.0.55 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
ANK |
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 |
-- |
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.