MIRA
INFORM REPORT
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Report Date : |
24th
May 2006 |
IDENTIFICATION
DETAILS
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Name : |
HI-TECHNOLOGY TRADING INC |
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Registered Office : |
Nihombashi
Daiichi Bldg 9F, 2-7 Nihombashi-Ohdenmacho Chuoku Tokyo 103-0011 Japan |
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Country : |
Japan |
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Financials (as on) : |
30/11/2006 |
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Date of Incorporation : |
Sept 1980 |
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Legal Form : |
Limited Company |
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Line of Business : |
Engaged in the business of import and
wholesale of microwave components,
electronics components, optical equipment |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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Maximum Credit Limit : |
YEN 3.6 MILLION |
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Status : |
Moderate
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
NAME
HI-TECHNOLOGY
TRADING INC
REGD NAME
KK High
Technology
MAIN OFFICE
Nihombashi
Daiichi Bldg 9F, 2-7 Nihombashi-Ohdenmacho Chuoku Tokyo 103-0011 JAPAN
Tel:
03-5614-8221
Fax:
03-5614-8222
URL: http://www.hi-technology.co.jp/
E-Mail address: sales@hi-technology.co.jp
ACTIVITIES
Import, wholesale of microwave components, electronics components,
optical equipment
BRANCHES
Nil
OFFICER(S)
SHINTARO MIYATA, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen
284 M
PAYMENTS REGULAR CAPITAL Yen
10 M
TREND SLOW WORTH Yen 45 M
STARTED 1980 EMPLOYES 5
COMMENT
TRADING HOUSE SPECIALIZING IN MICROWAVE & ELECTRONICS COMPONENTS. FINANCIAL SITUATION CONSIDERED RATHER
WEAK AND DOUBTFUL FOR CREDIT
ENGAGEMENTS: US$55,000 / O/A 30 DAYS.
MAX CREDIT LIMIT: YEN 3.6 MILLION, NORMAL 30 DAYS TERMS.
HIGHLIGHTS
The subject company was established by Shintaro Miyata in order to
make most of his previous experience in the subject line of business. This is a trading house specializing in
import and wholesale of microwave & millimeter wave components, electronics
components, optical apparatus, etc.
Also offers technical support.
Goods are imported from USA and Europe.
Clients include major electronics mfrs automakers, research institutes,
universities, government agencies, etc.
Financials are only partially disclosed.
The sales volume for Nov/2005 fiscal term amounted to Yen 284
million, a 12% down from Yen 321 million in the previous term. This is reportedly referred to inventory
adjustments in progress at some of the client’s stock bases. Higher Yen against foreign currencies
depressed sales in Yen terms, too. The
net profit was tripled down to Yen 5 million from Yen 15 million a year ago.
For the current term ending Nov 2006 the net profit is projected
at Yen 5 million, on a 6% rise in turnover, to Yen 300 million.
The financial situation is considered RATHER WEAK but should be
good for MODERATE business engagements.
The proposed amount is considered TOO HIGH from the recent financial
status. Max credit limit is estimated
at Yen 3.6 million, on normal 30 days terms.
REGISTRATION
Date Registered: Sept
1980
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 80,000 shares
Issued: 20,000 shares
Sum: Yen 10 million
Major shareholders (%): Shintaro Miyata (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities:
Imports and wholesales (100%):
Microwave & millimeter-wave
components: waveguide components, coaxial components,
integrated millimeter-wave radar-front end, rotary joints, waveguide parts
& components,, couplers, isolators, amplifiers;
Electronic components: broadband amplifiers, Attenuators, ECL Terminators, Bias Tees,
Transformers, coaxial components responding to picoseconds pulse;
Optical equipment: band pass filters, long & short wave filters, filters for
astronomy, laser & electro-optics, integrating sphere systems &
instruments, circular light mirrors, reflector mirrors, actinometers,
integrating spheres, other.
Clients: [Electronics mfrs, automakers, research labs,
universities, government agencies] Denso Corp, Hitachi Medical, Fuji Photo
Film, Honda Motor, Japan Radio, Kyocera, Mitsubishi Electric, NEC, Japan
Broadcasting Corp (NHK), Matsushita Electric Ind, Sony Corp, Toshiba Corp,
Toyobo, Kyoto Univ, Univ of Tokyo, Univ of Electro-Communications, Japan Atomic
Energy Research, National Space Development Agency, Japan Defense Agency,
National Institute of Polar Research, other.
No. of accounts: 200
Domestic areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Imports from Apollo Microwave Inc,
Center Technologies, Victory Microwave, Custom Microwave Ind, Terabeam Corp,
Vertex, Microtech Inc, Picosecond Pulse Labs, NEP Corp, Analog Modules Inc,
Andover Corp, Spectrogen, Logus Microwave Corp, JCA Technology Inc, other from
USA, Europe, etc.
Payment record: Regular
Location: Business area in Tokyo.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
Mizuho Bank (Kaminarimon)
SMBC (Asakusa)
Relations: Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
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30/11/2006 |
30/11/2005 |
30/11/2004 |
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Annual Sales |
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300 |
284 |
321 |
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Recur. Profit |
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.. |
.. |
.. |
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Net Profit |
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5 |
5 |
15 |
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Total Assets |
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N/A |
N/A |
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Net Worth |
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45 |
40 |
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Capital, Paid-Up |
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10 |
10 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
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S.Growth Rate |
5.63 |
-11.53 |
15.88 |
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Current Ratio |
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.. |
.. |
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N.Worth Ratio |
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.. |
.. |
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N.Profit/Sales |
1.67 |
1.76 |
4.67 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 30/11/2006 fiscal term.
RATING EXPLANATIONS
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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. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |