|
|
|
MIRA INFORM REPORT
|
Report No. : |
490271 |
|
Report Date : |
03.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
ROSY BLUE LTD |
|
|
|
|
Registered Office : |
4-6-12 Yushima Bunkyoku Tokyo |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
February 1978 |
|
|
|
|
Com. Reg. No.: |
0100-01-086053 (Tokyo-Bunkyoku):
|
|
|
|
|
Legal Form : |
Limited Company (Kabushiki Kaisha) |
|
|
|
|
Line of Business : |
Import and wholesale of rough diamonds, polished & precut
diamonds. |
|
|
|
|
No. of Employees : |
37 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow and delayed |
|
|
|
|
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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
JAPAN - ECONOMIC OVERVIEW
Over the past 70 years, government-industry cooperation, a strong work ethic, mastery of high technology, and a comparatively small defense allocation (slightly less than 1% of GDP) have helped Japan develop an advanced economy. Two notable characteristics of the post-World War II 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 have significantly eroded under the dual pressures of global competition and domestic demographic change.
Measured on a purchasing power parity basis that adjusts for price differences, Japan in 2016 stood as the fourth-largest economy in the world after first-place China, which surpassed Japan in 2001, and third-place India, which edged out Japan in 2012. For three postwar decades, overall real economic growth was impressive - a 10% average in the 1960s, 5% in the 1970s, and 4% in the 1980s. Growth slowed markedly in the 1990s, averaging just 1.7%, largely because of the aftereffects of inefficient investment and the collapse of an asset price bubble in the late 1980s, which entailed considerable time for firms to reduce excess debt, capital, and labor. Modest economic growth continued after 2000, but the economy has fallen into recession four times since 2008.
Japan enjoyed an uptick in growth in 2013 on the basis of Prime Minister Shinzo ABE’s “Three Arrows” economic revitalization agenda - dubbed “Abenomics” - of monetary easing, “flexible” fiscal policy, and structural reform. Led by the Bank of Japan’s aggressive monetary easing, Japan is making modest progress in ending deflation, but demographic decline – a low birthrate and an aging, shrinking population – poses a major long-term challenge for the economy. The government currently faces the quandary of balancing its efforts to stimulate growth and institute economic reforms with the necessity of addressing its sizable public debt, which stands at 235% of GDP. To help raise government revenue, Japan adopted legislation in 2012 to gradually raise the consumption tax rate. However, the first such increase, in April 2014, led to another recession, so Prime Minister ABE has twice postponed the next increase, now scheduled for October 2019. Structural reforms to unlock productivity are seen as central to strengthening the economy in the long-run.
Scarce in critical natural resources, Japan has long been dependent on imported energy and raw materials. After the complete shutdown of Japan’s nuclear reactors following the earthquake and tsunami disaster in 2011, Japan's industrial sector has become even more dependent than before on imported fossil fuels. However, ABE’s government is seeking to restart nuclear power plants that meet strict new safety standards and is emphasizing nuclear energy’s importance as a base-load electricity source. In August 2015, Japan successfully restarted one nuclear reactor at the Sendai Nuclear Power Plant in Kagoshima prefecture, and several other reactors around the country have since resumed operations; however, opposition from local governments has delayed several more restarts that remain pending. Reforms of the electricity and gas sectors, including full liberalization of Japan’s energy market in April 2016 and gas market in April 2017, constitute an important part of Prime Minister Abe’s economic program.
In October 2015, Japan and 11 trading partners reached agreement on the Trans-Pacific Partnership (TPP), a pact that had promised to open Japan's economy to increased foreign competition and create new export opportunities for Japanese businesses. Japan was the second country to ratify the TPP in December 2016; the United States signaled its withdrawal from the TPP on January 23, 2017, and as of April 2017 the agreement has not gone into effect.
|
Source
: CIA |
Company
Name and address
ROSY BLUE LTD
REGD NAME: KK
Rosy Blue
MAIN OFFICE: 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
ACTIVITIES
Import, wholesale
of rough diamonds, polished & precut diamonds
BRANCHES
Nil
OVERSEAS
Belgium, Israel,
India, UAE, Hong Kong, USA (--group firms)
FACTORIES
(Subcontracted)
OFFICER(S)
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
SUMMARY
FINANCES FAIR A/SALES Yen 6,700 M
PAYMENTS SLOW AND DELAYED CAPITAL Yen 33 M
TREND STEADY WORTH Yen 419 M
STARTED 1978 EMPLOYES 37
COMMENT
IMPORTER AND
WHOLESALER SPECIALIZING IN
DIAMONDS, JAPAN BRANCH OF ROSY BLUE GROUP, BELGIUM.
FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
HIGHLIGHTS
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 include major jewelry wholesalers,
jewelry processors, chain stores, other.
FINANCIAL
INFORMATION
Financials are
only partially disclosed. Profits are not
disclosed and only estimated.
The sales volume
for Dec/2016 fiscal term amounted to Yen 6,700 million, a similar amount in the previous term. The net profit is
estimated posted at Yen 17 million, similarly in the previous term.
For the current
term ending Dec 2017Irikura I the net profit is projected at Yen 20 million, on
a 3% rise in turnover, to Yen 6,900 million.
The financial
situation is considered FAIR and good for ORDINARY business engagements.
REGISTRATION
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.
OPERATION
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.
Clients: [Jewelers, jewel processors,
chain stores, consumers] Nagahori Corp, Irikura Kikinzoku Co, other to local
jewelers, jewelry processors, jewelry mfrs, chain stores, consumers, other.
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, mining firms, wholesalers] Rosy
Blue NV (Belgium), Rosy Blue India Pri-vate 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 and Delayed
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
FINANCES
(In Million Yen)
|
Terms Ending: |
|
31/12/2017 |
31/12/2016 |
31/12/2015 |
31/12/2014 |
|
Annual
Sales |
|
6,900 |
6,700 |
6,700 |
6,500 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
20 |
17 |
17 |
15 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
419 |
402 |
387 |
|
Capital,
Paid-Up |
|
|
33 |
33 |
33 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
2.99 |
0.00 |
3.08 |
0.00 |
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
|
.. |
.. |
.. |
|
N.Profit/Sales |
|
0.29 |
0.25 |
0.25 |
0.23 |
Notes:
·
Financials are only partially disclosed. Profits are only estimated as not disclosed.
·
Forecast (or estimated) figures for the 31/12/2017
fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.07 |
|
|
1 |
INR 91.34 |
|
Euro |
1 |
INR 80.03 |
|
Yen |
1 |
INR 0.58 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.