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MIRA INFORM REPORT

 

 

Report No. :

333052

Report Date :

20.07.2015

 

IDENTIFICATION DETAILS

 

Name :

VITHAL TRADING COMPANY, YK

 

 

Registered Office :

1-4-30 Naka-Ogawara Kofu City Yamanashi-Pref 400-0855

 

 

Country :

Japan

 

 

Financials (as on) :

31.08.2014

 

 

Date of Incorporation :

August, 2002

 

 

Com. Reg. No.:

006135

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Imports and wholesales polished diamonds, other precious stones, diamond set jewelry, other jewelry products (rings, earrings, Piercings, pendants, necklaces, other), from India (--100%).

 

 

No. of Employee :

5

 

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

 

COMPANY NAME AND ADDRESS

 

VITHAL TRADING COMPANY, YK

REGD NAME:   YK Vithal Trading

MAIN OFFICE:  1-4-30 Naka-Ogawara Kofu City Yamanashi-Pref 400-0855 JAPAN

Tel: 055-242-7801     Fax: 055-242-7802

 

URL:                 http://www.vithaltrading.jp

E-mail address: vithaltrading@yahoo.co.jp

 

 

ACTIVITIES     

 

Import, wholesale of polished diamonds, diamond set jewelry, other, from India

 

 

BRANCHES

 

Nil

 

 

FACTORIES    

 

(subcontracted)

 

OFFICER(S)

 

CHETAN KUMAR PALRIWARA, PRES

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY      

 

FINANCES        R/WEAK                       A/SALES          Yen 430 M

PAYMENTS      NO COMPLAINTS          CAPITAL           Yen 9 M

TREND             SLOW                           WORTH            Yen 73 M

STARTED         2002                             EMPLOYES      5

 

 

COMMENT

 

IMPORTER AND WHOLESALER SPECIALIZING IN DIAMONDS & JEWELRY, FROM INDIA.

FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS

 

MAX CREDIT LIMIT: YEN 7.8 MILLION, 30 DAYS NORMAL TERMS.

 

 

 

HIGHLIGHTS

 

The subject company was established by Chetan Kumar Palriwara, an Indian businessman residing in Japan over 8 years, speaking fluent Japanese, in order to make most of his experience in the subject line of business.  This is a trading firm for import and wholesale of polished diamonds and jewelry products.  Diamonds are partially subcontracted mfg into products to local jewelry processors.  The operations cover widely in the greater-Tokyo area.

 

 

FINANCIAL INFORMATION

 

Financials are only partially disclosed.

 

The sales volume for Aug/2014 fiscal term amounted to Yen 430 million, a 5% up from Yen 410 million in the previous period.  Weaker Yen contributed in sales growth in Yen terms.  The net profit was posted at Yen 5 million, compared with Yen 2 million a year ago.

 

For the current term ending Aug 2015 the net profit is projected at Yen 7 million, on a 2% rise in turnover, to Yen 440 million.  The weaker Yen may continue contributing to raise earnings in Yen terms.

 

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.  Max credit limit is estimated at Yen 7.8 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:                       Aug 2002

Regd No.:                                             (Yamanashi-Kofu) 006135

Legal Status:                            Private Limited Company (Yugen Kaisha)

Regd Capital:                           Yen 9 million

Major shareholders (%):           Chetan Kumar Palriwara (100).

 

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

 

Activities: Imports and wholesales polished diamonds, other precious stones, diamond set jewelry, other jewelry products (rings, earrings, Piercings, pendants, necklaces, other), from India (--100%).

 

Diamonds and other precious stones are partially subcontracted mfg to local jewelry processors.

 

Clients: [Jewelry processors, jewelry stores, consumers] Ishitomo Co, San-Ai International, Twins Corp, AS-Me Ester, other

No. of accounts: 100

Domestic areas of activities: Centered in Yamanashi-Pref, extending into Tokyo.

Suppliers: [Mfrs] Imports solely from India, KGK Diamond Far East, PIA Jewelry, other

 

Payment record: No Complaints

 

Location: Business area in Kofu City.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

SMBC (Kofu)

Kofu Shinkin Bank (Minami)

Relations: Satisfactory

 

 

FINANCES

 

(In Million Yen)

Terms Ending:

31/08/2015

31/08/2014

31/08/2013

31/08/2012

Annual Sales

440

430

410

410

Recur. Profit

..

..

..

..

Net Profit

7

5

2

2

Total Assets

N/A

N/A

N/A

Net Worth

73

68

66

Capital, Paid-Up

9

9

9

Div.P.Share(¥)

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

S.Growth Rate

2.33

4.88

0.00

0.00

Current Ratio

..

..

..

N.Worth Ratio

..

..

..

N.Profit/Sales

1.59

1.16

0.49

0.49

 

Notes:  Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/08/2015 fiscal term

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.