MIRA
INFORM REPORT
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Report Date : |
10.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
TECHNO IKEGAMI CO LTD |
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Registered Office : |
4-13-15 Shiohama Kawasakiku Kawasaki 210-1171 |
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Country : |
Japan |
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Date of Incorporation : |
May 1991 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Maintenance, repair of broadcasting
equipment |
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 23.7 millions |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name
TECHNO IKEGAMI CO LTD
REGD NAME
KK Techno Ikegami
MAIN OFFICE
4-13-15 Shiohama Kawasakiku Kawasaki 210-1171 JAPAN
Tel : 044-270-5691
Fax : 044-270-5493
URL : http://www.techno-ikegami.co.jp
E-Mail address: info@techno-ikegami.co.jp
ACTIVITIES
Maintenance, repair of broadcasting equipment
BRANCHES
Osaka, Nagoya, Fukuoka
FACTORY(IES)
At the caption address (Repairing yard)
OFFICERS
YOSHIHIRO IKEMIZU, PRES Takashi
Ikeda, dir
Isao Nagaoka, dir Yoichiro
Hashimoto, dir
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,340 M
PAYMENTS REGULAR CAPITAL Yen 100 M
TREND SLOW WORTH Yen 160 M
STARTED 1991 EMPLOYES 81
COMMENT
MAINTENANCE
& REPAIRING SERVICES FOR BROADCASTING EQUIPMENT, WHOLLY OWNED BY IKEGAMI
TSUSHINKI CO LTD.
FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 23.7 MILLION, 30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The subject company was established on the basis of a division
separated from Ikegami Tsushinki Co
Ltd, leading mfr of broadcasting equipment, Tokyo (See REGISTRATION), in order
to offer after-sales maintenance & repairing services. Also offers system installation, relocation,
expansion works. Wholesales TV cameras,
too. The firm is located within the
Branch Office of the parent, Ikegami Tsushinki Co Ltd. Clients include Defense Forces, precision
instrument mfrs, other, nationwide.
FINANCIAL INFORMATION
The financials are only partially disclosed, as they are consolidated in the parent, Ikegami Tsushinki Co Ltd.
The
sales volume for Mar/2006 fiscal term amounted to Yen 1,340 million, a similar
amount in the previous term. Sales
remained sluggish due to harsh competition among the trade. The operations continued in the red for two
consecutive terms to register Yen 2 million net losses for the term. Rising costs of operations and materials ate
into profits.
For the current term ending Mar 2007 the operations are
projected to come back to profitability but still limited to a minimum amount
post-taxes, on a 0.75% rise in turnover, to Yen 1,350 million.
The financial situation is considered maintained FAIR and good
for ORDINARY business engagements. Max
credit limit is estimated at Yen 23.7 million, on 30 days normal terms.
REGISTRATION
Date Registered: May
1991
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 8,000
shares
Issued: 2,000
shares
Sum: Yen
100 million
Major shareholders (%): Ikegami
Tsushinki Co Ltd*(100)
*.. Leading mfr of broadcasting equipment, Tokyo, founded 1948,
listed Tokyo S/E, capital Yen 8,791 million, turnover Yen 37,231 million,
recurring loss Yen 132 million, net loss Yen 199 million, total assets Yen 35,254
million, net worth Yen 10,213 million, employees 1,103, pres Masaki Matsubara
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: After-sales service provider for broadcasting equipment,
the products of the parent, Ikegami Tsushinki Co Ltd (--100%).
Business
operations:
Maintenance/repairing/inspection
services for: broadcasting cameras, monitors, recording equipment, CCTV,
security & monitoring cameras, audio/visual systems & equipment, other.
Operations
supporting services for these equipment.
Installation/relocation/expansion
works for audio/visual equipment & systems.
Sale of
image input TV cameras, TV camera systems for heavy machinery installation,
other.
Clients: [Mfrs, governments] Ikegami Tsushinki, Defense Agency, Mitsubishi Precision, other.
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Ikegami Tsushinki, Canon
Marketing Japan, Sony Corp, Toshiba Corp, Leader Electronics, Hamamatsu
Photonix, Victor Co of Japan, other.
Payment record: Regular
Location: Business area in Kawasaki. Office premises at the caption address are owned by the parent,
Ikegami Tsushinki Co, and maintained satisfactorily.
Bank References
Mizuho Bank (Kamata)
SMBC (Kamata)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/03/2007 |
31/03/2006 |
31/03/2005 |
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Annual
Sales |
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1,350 |
1,340 |
1,336 |
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Recur.
Profit |
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.. |
.. |
.. |
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Net
Profit |
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0 |
-2 |
-2 |
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Total
Assets |
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N/A |
N/A |
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Net
Worth |
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160 |
158 |
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Capital,
Paid-Up |
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100 |
100 |
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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 |
0.75 |
0.30 |
-0.82 |
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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 |
0.00 |
-0.15 |
-0.15 |
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Note: Financials are only partially disclosed.
Forecast (or estimated) for the 31/03/2007 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/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%)