Attachment 1
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Report
Update On |
18th June, 2001 |
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Report on |
ACURAKS INC. |
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Registered Office |
3-31-8, Nihombashi-Hamacho, Chuoku, Tokyo 103-0007, Japan |
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Tel. No. |
03-3639-5751 |
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Fax No. |
03-3679-5754 |
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E-Mail |
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Website |
Attachment 2
SUMMARY
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Incorporated |
1983 |
Status |
Good |
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Registration No. |
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Chief Executive |
Hiroji Kamiyama |
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Capital (YEN) |
10.0 millions |
Payments |
Regular |
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Sales (YEN) |
650.0 millions |
Litigation |
-- |
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Net Worth |
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Banking Reputation |
Satisfactory |
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No. of Employees |
17 |
Auditors |
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Credit Rating |
A (See attachment 3) |
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Regd Name |
KK Acuraks |
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Main Office |
3-31-8 Nihombashi-Hamacho Chuoku Tokyo 103-0007
JAPAN |
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Phone |
03-3639-5751 |
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Fax |
03-3679-5754 |
(Premises: Owned)
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Activities |
Imports and wholesales filling machines, form-fill
sealing machines, their parts & attachments, used in pharmaceuticals,
foodstuffs, beverages, biochemical industries (--60%); manufactures packaging
equipment and supplies, others (--40%). Imports are mostly from USA. |
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Branch(es) |
Nil |
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Factory(ies) |
At the caption address |
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Established |
Mar 1983 |
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Legal Status |
Limited Company (Kabushiki Kaisha) |
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Capital
paid-up |
Yen 10 million (Par Value: Yen 500.- ) |
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Officer(s) |
HIROJI KAMIYAMA, PRES |
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Major
shareholder(s)(%) |
Hiroji Kamiyama (52), Tomoyo Kamiyama (20) |
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No. of
employees |
17 |
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Finances |
FAIR |
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Payments |
REGULAR |
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Trend |
STEADY |
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Comment |
CONSIDERED GOOD FOR BUSINESS ENGAGEMENTS NOT
EXCEEDING: YEN 3.8 MILLION. NOTHING DETRIMENTAL IS KNOWN AS TO THE COMMERCIAL
MORALITY OF EXECUTIVES. |
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Company
profile/features |
Hiroji Kamiyama founded the firm originally in 1971 as
a mfr of packaging equipment, on his account. Incorporated in 1983, and
diversified into import and wholesale of filling machines, form-fill sealing
machines, other industrial machinery, mostly from USA, partially acting as
sales agent. While majority of goods comes from USA, now expanding its import
sources to India, S/E Asia, etc. Clients include major machinery makers,
pharmaceuticals makers, food processors, other. |
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Financial
information |
The sales for Dec/2000 fiscal term amounted to Yen 680
million, a 24% sharp rise from Yen 550 million in the previous term, fueled
by rising demand from biochemical & pharmaceutical makers. The net profit
was posted at Yen 25 million, a 25% rise from Yen 20 million the previous
year. The net worth as of Dec/2000 is estimated at Yen 95 million. For the current term ending Dec 2001 the net profit
is forecast to revert to the previous level of Yen 20 million, on a 4% fall
in turnover, to Yen 650 million. The financial situation is considered maintained
FAIR and good for ORDINARY business engagements. Credit limit is considered
to be Yen 3.8 million. |
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Clients |
Mitsubishi Heavy Ind, Sankyo Co, Tokyo Automatic
Machinery Works, Nippon Sharyo, Nippon Delmonte Corp, QP Corp, Higuchi Inc,
other. |
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Domestic area
of activities |
Centered in greater-Tokyo. |
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Suppliers |
Imports from Ivek, Benthos, Cozzoli, Ramsey, Mocon
(--USA), other from USA, etc. Also, supplied mfg materials from domestic
suppliers. |
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Bank Reference |
Fuji Bank (Kakigaracho Branch), Dai-Ichi Kangyo Bank
(Kayabacho Branch) |
FINANCES
(In
Million Yen)
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Terms Ending |
31/12/2001 |
31/12/2000 |
31/12/1999 |
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Annual Sales |
650 |
680 |
550 |
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Recur Profit (*) |
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-- |
50 |
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Net Profit |
20 |
25 |
20 |
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Div.p.share(yen) |
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225.00 |
175.00 |
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Net Worth |
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95 |
85 |
Analytical Data (%)
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S.Growth Rate |
-4.41 |
23.64 |
3.77 |
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N.Profit/Sales |
3.08 |
3.68 |
3.64 |
Notes:
Financial Statements are only partially disclosed. Forecast (or estimated)
figures for ^ fiscal term.
(*)
Data disclosed by the taxation office as the pretax profit.
Attachment 3
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SCORE SHEET |
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SCORE |
CREDIT 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. Maybe drawn to slightly
difficult position as unfavourable conditions arise. Minimal assurance for
timely payment on interest and principal sums |
Moderate |
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26-40 |
B |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively limited or considered
not known. Capability to pay both interest and principal sums is doubtful |
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 |
Attachment 4
ACKNOWLEDGEMENT
Dear Sir/Madam,
As part of our control
system, please fax/email us this note
upon receipt of this report. If we do not receive the acknowledgement within 24
hours, we will assume that our report meets your requirement. If you have any suggestion
to help us improve our reports and services, please do not hesitate to let us
know.
Thank you.
______________________________________________________________________________
To : MIRA INFORM PRIVATE
LIMITED
From :
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