MIRA INFORM REPORT

 

 

Report No. :

348957

Report Date :

05.11.2015

 

IDENTIFICATION DETAILS

 

Name :

DANGI IMPEX CO LTD

 

 

Registered Office :

5-34-8 Kameido Kotoku Tokyo 136-0071

 

 

Country :

Japan

 

 

Financials (as on) :

30.04.2015

 

 

Date of Incorporation :

Jun 2007

 

 

Com. Reg. No.:

0106-01-034221

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Imports, exports and wholesales jewelry, clothing accessories (rings, necklaces, pendants, pierced & broaches), other (--100%)

 

 

No. of Employees :

5

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

 

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

 


COMPANY SUMMERY

 

DANGI IMPEX CO LTD

 

REGD NAME:   KK Dangi Impex

MAIN OFFICE:  5-34-8 Kameido Kotoku Tokyo 136-0071 JAPAN

                                    Tel: 03-5628-2560      Fax: 03-5628-2561

 

URL:                 http://www.dangiimpex.com

E-Mail address: (thru the URL)

 

ACTIVITIES:     Import, export, wholesale of jewelry, accessories, other

BRANCHES:     Kotoku (house rent)

 

OFFICERS:       NIRAJ DANGI, PRES

                       

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY:      FINANCES        FAIR                             A/SALES          Yen 270 M

                        PAYMENTS      NO COMPLAINTS          CAPITAL           Yen 3 M

                        TREND             SLOW                           WORTH            Yen 15 M        

                        STARTED         2007                             EMPLOYES      5

 

COMMENT:     

 

TRADING FIRM SPECIALIZING IN JEWELRY & ACCESSORIES.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR

ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: ESTIMATED AT YEN 4.8 MILLION, ON 30 DAYS

NORMAL TERMS.

 

 

HIGHLIGHTS:

           

The subject company is a trading firm specializing in import, export and wholesale of jewelry, clothing accessories, other.  Clients include jewelry stores, other

 

 

FINANCIAL INFORMATION:

           

Financials are disclosed only partially.

 

The sales volume for Apr/2015 fiscal term amounted to Yen 270 million, a similar amount in the previous term in the previous term.  The net profit marked time at Yen 2 million.

 

For the current term ending Apr 2016 the net profit is projected at Yen 3 million, on a 4% rise in turnover, to Yen 280 million.

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 4.8 million, on 30 days normal terms.

REGISTRATION

    

Date Registered:                                   Jun 2007

Regd No.:                                             0106-01-034221 (Tokyo-Kotoku)

Legal Status:                            Limited Company (Kabushiki Kaisha)

Authorized:                              600 shares

Issued:                                     60 shares

Sum:                                        Yen 3 million

Major shareholders (%):                       Kiyoshi Morikawa (50), Niraj Dangi (50)

No. of shareholders: 2

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION:

           

Activities: Imports, exports and wholesales jewelry, clothing accessories (rings, necklaces, pendants, pierced & broaches), other (--100%)

 

Clients: [Mfrs, wholesalers] Ito Gem Corp, Eguchi Hoshoku (Jewelry), Be-All Co, Hohoemi-No-Kubikazari, Zenith Co, other 

No. of accounts: 300

Domestic areas of activities: Centered In the greater-Tokyo

 

Suppliers: [Mfrs, wholesalers] James World, Zenith Co, Modi Impex, other

 

Payment record: No Complaints

 

Location: Business area in Tokyo.  Office premises at the caption address are leased and maintained satisfactory.

 

 

BANK REFERENCES:

 

            Higashi-Nippon Bank (Tachibana)

            Tokyo Higashi Shinkin Bank (Kameido)

            Relations: Satisfactory

 

 

FINANCES (In Million Yen)

Terms Ending:

 

30/04/2016

30/04/2015

30/04/2014

30/04/2013

Annual Sales

 

280

270

270

270

Recur. Profit

 

..

..

..

..

Net Profit

 

3

2

2

2

Total Assets

 

 

N/A

N/A

N/A

Net Worth

 

 

15

13

11

Capital, Paid-Up

 

 

3

3

3

Div.P.Share(¥)

 

 

0.00

0.00

0.00

<Analytical Data>

 

(%)

(%)

(%)

(%)

    S.Growth Rate

 

3.70

0.00

0.00

0.00

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

 

..

..

..

    N.Profit/Sales

 

1.07

0.74

0.74

0.74

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 30/04/2016 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.