MIRA
INFORM REPORT
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Report Date : |
20.08.2007 |
IDENTIFICATION DETAILS
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Name : |
LINKS INTERNATIONAL CO LTD |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.08.2006 |
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Date of Incorporation : |
Oct 1999 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Plan, development of
computer-related equipment & parts |
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. |
Small |
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Maximum Credit Limit : |
Yen 15.8 millions |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
name
LINKS INTERNATIONAL CO LTD
REGD NAME
KK Links
International
MAIN OFFICE
Tel : 03-5812-5820
Fax : 03-5812-5821
URL : http://www.links.co.jp/
E-Mail
address: info@links.co.jp
ACTIVITIES
Plan,
development of computer-related equipment & parts
BRANCHES
Nil
OFFICERS
YOSHIYUKI
KAWASHIMA, PRES
Taiji
Ishizuka, dir
Yuki
Saijo, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,871 M
PAYMENTS REGULAR CAPITAL Yen 21 M
TREND SLOW WORTH Yen
86 M
STARTED 1999 EMPLOYES 7
COMMENT
DEVELOPER & WHOLSALER SPECIALIZING IN COMPUTERS AND PERIPHERALS. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 15.8 MILLION, 30 DAYA NORMAL TERMS.
HIGHLIGHTS
The subject company was established by Yoshiyuki Kawashima in
order to make most of his experience in the computer industry. This is a developer of computer-related
equipment & parts. Acts as official
agent for Gigabyte in the main, other for V-Gear, Lite-On, Enermax, Transcend,
Matrox, etc. Handles PC motherboards,
drivers, flash memory, tuner cards, other.
Goods are supplied from these makers, either directly or through their
agents in
FINANCIAL INFORMATION
The sales volume for Aug/2006 fiscal term amounted to Yen 2,871 million, a 4.5% down from Yen 3,005 million in the previous term. This is referred to the harsh competition among the trade pressing down on selling prices, PC prices tending to be down. This, however, means PC’s are being widely used. The net profit, on the other hand, improved to post Yen 28 million, compared with Yen 24 million a year ago. The firm concentrated on the most profit-earning products.
For the current term ending Aug 2007 the net profit is projected at Yen 30 million, on a 5% rise in turnover, to Yen 3,000 million. The firm is optimistic this target can be achieved. Weaker Yen may have contributed to sales growth in Yen terms.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 15.8 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Oct 1999
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 1,680 shares
Issued: 420 shares
Sum: Yen 21 million
Major shareholders (%):
Yoshiyuki Kawashima (100)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Develops, imports and wholesales computer-related equipment and peripherals: PC mother boards, video cards, CPU coolers, keyboards, mousse, PC cases, power switches, drivers, flash memories, tuner cards, web cameras, USB flash memo- ries, other (--100%).
(Products handled): Gigabyte, V-Gear, Ben-Q, Lite-On, Manya, Ahanix, Matrox, Tecic, Enermax, V-Tech, other.
Clients: [Mfrs, wholesalers] Good Will, T-Zone Strategy, ZOA,
Success, Sofmap (large-lot PC wholesaler,
No. of
accounts: 500
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Gigabyte Japan, Lite-On IT Corp,
Nanya Technology
Payment
record: Regular
Location: Business area in
Bank References
Resona Bank (Akihabara)
Mizuho
Bank (Kudan)
Relations:
Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
31/08/2007 |
31/08/2006 |
31/08/2005 |
31/08/2004 |
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Annual
Sales |
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3,000 |
2,871 |
3,005 |
3,327 |
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Recur.
Profit |
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48 |
84 |
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Net
Profit |
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30 |
28 |
24 |
9 |
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Total
Assets |
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1,237 |
872 |
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Current
Assets |
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1,055 |
815 |
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Current
Liabs |
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600 |
588 |
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Net
Worth |
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86 |
58 |
34 |
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Capital,
Paid-Up |
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21 |
21 |
21 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.49 |
-4.46 |
-9.68 |
17.60 |
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Current Ratio |
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.. |
175.83 |
138.61 |
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N.Worth Ratio |
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6.95 |
6.65 |
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R.Profit/Sales |
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1.67 |
2.80 |
.. |
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N.Profit/Sales |
1.00 |
0.98 |
0.80 |
0.27 |
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Return On Equity |
.. |
32.56 |
41.38 |
26.47 |
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Notes:
Forecast (or estimated) figures for 31/08/2007 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. |
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 |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)