MIRA INFORM REPORT

 

 

Report Date :

8th June 2006

 

IDENTIFICATION DETAILS

 

Name :

ADVANCED TECHNOLOGY ING

 

 

Registered Office :

East Bldg 1B, 4-8-12 Shinkawa Mitaka Tokyo-Metrop 181-0004 Japan

 

 

Country :

Japan

 

 

Financials (as on) :

30/09/2006 (Estimated)

 

 

Date of Incorporation :

Mar 1993

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of measuring instruments, their parts & components

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

NAME

 

ADVANCED TECHNOLOGY ING

 

 

REGD NAME

 

KK A. T. I.

 

 

MAIN OFFICE

 

East Bldg 1B, 4-8-12 Shinkawa Mitaka Tokyo-Metrop 181-0004 JAPAN

Tel: 0422-48-7461    

Fax: 0422-48-7460

URL: http://www.atij.co.jp/

E-Mail address: sales@atij.co.jp

 

 

ACTIVITIES

 

Import, wholesale of measuring instruments, their parts & components

 

 

BRANCHES

 

Sarushimagun (Ibaraki)

 

 

OFFICER(S)

 

NOBUYUKI SUZUKI, PRES

Chiyoko Suzuki, dir

Seiko Suzuki, dir

 

 

Yen Amount

 

In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES        R/WEAK                       A/SALES          Yen 300 M

PAYMENTS      REGULAR                     CAPITAL           Yen 10 M

TREND             SLOW                          WORTH            Yen 35 M

STARTED         1993                             EMPLOYES      10

 

 

COMMENT

 

TRADING HOUSE SPECIALIZING IN MEASURING INSTRUMENTS.  FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR CREDIT ENGAGEMENTS:  US$25,000 / O/A 30 DAYS.

MAX CREDIT LIMIT: YEN 3.8 MILLION, NORMAL 30 DAYS TERMS.

 

 

HIGHLIGHTS

 

The subject company was established by Nobuyuki Suzuki in order to make most of his experience in the subject line of business.  This is a trading house, owned and operated by the Suzuki family, specializing in highly advanced electronic parts & equipment for measuring devices and analyzers.  Imports the goods from 40-50 mfrs/suppliers in USA centrally, other in Europe, Asia, etc.  Clients include communications equipment mfrs, research institutes, laboratories, government agencies, universities, etc, nationwide.  The financials are only partially disclosed.

 

The sales volume for Sept/2005 fiscal term amounted to Yen 300 million, a 19% down from Yen 370 million in the previous term.  This is referred to slow demand for the goods from electronics mfrs and related industries.  High Yen against foreign currencies also depressed sales amount in Yen terms.  The net profit decreased to Yen 3 million from Yen 4 million a year ago.

 

For the current term ending Sept 2006 the net profit is projected at Yen 3 million, on a 10% rise in turnover, to Yen 330 million.  Demand is seen increasing from the related industries on the back of recovery of business activities.  Weaker Yen will also contribute.

 

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.  Max credit limit is estimated at Yen 3.8 million, on normal 30 days terms.  The proposed amount is considered within the firm’s financial capabilities.

 

 

REGISTRATION

 

Date Registered:            Mar 1993

Legal Status:                 Limited Company (Kabushiki Kaisha)

Authorized:                    800 shares

Issued:                          200 shares

Sum:                            Yen 10 million

Major shareholders (%): Nobuyuki Suzuki (100)

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

 

 

OPERATION

 

Activities: Imports and wholesales: microwave/miliwave applied apparatus, their parts & components; laser & electronic technology applied measuring instruments & apparatus, their parts & components, including originally developed devices, others (--100).  Goods are imported from about 40-50 mfrs/suppliers in USA, Europe and Asian countries.

 

Clients: [Electronics mfrs, wholesalers] Toshiba Corp, NEC, Mitsubishi Electric, Matsushita Electric Ind, Japan Radio, Fujitsu Ltd, Tokyo Univ, Defense Agency, National Astronomical Observatory of Japan, Japan Aerospace Exploration Agency, InfoCom Research Ind, other.

No. of accounts: 300

Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Agilent Technology Inc, Polytron, Planet ATE, Advances Switch Technology, Advantech, EMF Systems, Environmental Technology (ETI), General Dynamics C4 Systems, Microwave Device Technology, Norsat Int’l, Radar Technology, Victory Microwave, WiseWave Technologies, other (totaling about 40-50 suppliers overseas).

Payment record: Regular

 

Location: Business area in Mitaka City, Tokyo-Metrop.  Office premises at the caption address are leased and maintained satisfactorily.

 

 

Bank References

 

Mizuho Bank (Chofu-Senkawa)

Bank of Tokyo-Mitsubishi UFJ (Senkawa)

Relations: Satisfactory

 

 

FINANCES

 

(In Million Yen)

Terms Ending:

　

30/09/2006

30/09/2005

30/09/2004

Annual Sales

　

330

300

370

Recur. Profit

　

..

..

..

Net Profit

　

3

3

4

Total Assets

　

　

N/A

N/A

Net Worth

　

　

35

32

Capital, Paid-Up

　

　

10

10

Div.P.Share(¥)

　

　

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

       S.Growth Rate

10.00

-18.92

-22.92

       Current Ratio

 

 

..

..

       N.Worth Ratio

 

..

..

       N.Profit/Sales

0.91

1.00

1.08

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 30/09/2006 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

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

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

 

 

 

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