MIRA
INFORM REPORT
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Report Date : |
30.07.2007 |
IDENTIFICATION DETAILS
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Name : |
TECRUS CORPORATION |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
Aug 2001 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Wholesale of PC package
software |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 11.7 millions |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
name
TECRUS CORPORATION
REGD NAME
KK Tecrus
MAIN OFFICE
Tel : 03-5148-5225
Fax : 03-5565-0350
URL : http://www.tecrus.co.jp
E-Mail
address: webmaster@tecrus.co.jp
ACTIVITIES
Wholesale
of PC package software
BRANCHES
OFFICERS
KATSUO
TAGUCHI, PRES
Hiroto
Maruyama, dir
Hiroshi
Iwano, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 642 M
PAYMENTS REGULAR CAPITAL Yen 31 M
TREND STEADY WORTH Yen
127 M
STARTED 2001 EMPLOYES 24
COMMENT
WHOLESALER OF PC PACKAGE SOFTWARE. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 11.7 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by Katsuo Taguchi in order to make most of his previous experience in the subject business. This is a specialized developer and wholesaler of PC package software for business system use (Details in OPERATION). Clients are major telecommunications carriers, PC software developers, nationwide.
FINANCIAL INFORMATION
The sales volume for Mar/2007 fiscal term amounted to Yen 642 million, a 43% rise from Yen 446 million in the previous term. Business continued to grow. The net profit was posted at Yen 43 million, compares with Yen 36 million a year ago.
For the current term ending Mar 2008 the net profit is projected at Yen 44 million, on a 4% rise in turnover, to Yen 670 million. Business continues rising.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 11.7 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Aug 2001
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 2,400 shares
Issued: 633 shares
Sum: Yen 31.65 million
Major shareholders (%): Katsuo
Taguchi (majority owned)
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities:
Wholesale of PC package software (100%).
(Items handled):
Business systems: customer management systems, data warehousing systems, accounting systems, quality control systems, auto accident data systems, distribution systems, rental sales systems, health-care systems, other;
Control systems: traffic
control systems, ship control systems, auto engine systems;
Others.
Clients: [Mfrs, wholesalers] Omron Corp, NTT Comware, Nippon Telephone & Telegraph East Corporation, Omron Field Engineering, NEC Soft Ltd, other.
No. of
accounts: 500
Domestic
areas of activities: Nationwide
Suppliers:
[PC software developer] Humming Heads Inc, other.
Payment
record: Regular
Location: Business area in
Bank References
MUFG
(Tsukishima)
Relations:
Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
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31/03/2008 |
31/03/2007 |
31/03/2006 |
31/03/2005 |
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Annual
Sales |
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670 |
642 |
446 |
432 |
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Recur.
Profit |
(*) |
.. |
.. |
.. |
64 |
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Net
Profit |
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45 |
43 |
36 |
38 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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127 |
84 |
48 |
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Capital,
Paid-Up |
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31 |
31 |
31 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.36 |
43.95 |
3.24 |
70.75 |
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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 |
6.72 |
6.70 |
8.07 |
8.80 |
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Note:
Financials are only partially disclosed.
Forecast
(or estimated) for the 31/03/2008 fiscal term.
(*)
Pretax profits disclosed from the Taxation Office.
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 |
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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%)