MIRA
INFORM REPORT
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Report Date : |
16.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
SQ CORPORATION |
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Registered Office : |
Shin-Osaka DTK Bldg 6F, Nishinakajima Yodogawaku Osaka 532-0011 |
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Country : |
Japan |
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Date of Incorporation : |
Oct 1977 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, export, wholesale of
semiconductors & parts |
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 77.1 millions |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
name
SQ CORPORATION
REGD NAME
KK S. Q Corporation
MAIN OFFICE
Shin-Osaka DTK Bldg 6F, Nishinakajima Yodogawaku Osaka 532-0011 JAPAN
Tel: 06-6305-1688
Fax: 06-6308-7148
URL: http://www.sqcorp.co.jp
E-Mail address: info@sqcorp.co.jp
ACTIVITIES
Import, export, wholesale of semiconductors & parts
BRANCHES
Settsu (Osaka)
(Distribution center)
OVERSEAS
SQ Corporation (S) Pte Ltd (Singapore) (subsidiary)
OFFICERS
Konosuke Uenishi, ch HAJIME
UENISHI, PRES
Hiroshi Imada, dir Masaaki
Horiyama, dir
Akihiro Marumiya, dir Takako
Uenishi, dir
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 4,295 M
PAYMENTS REGULAR CAPITAL Yen 80 M
TREND STEADY WORTH Yen 250 M
STARTED 1977 EMPLOYES 16
COMMENT
TRADING
FIRM SPECIALIZING IN SEMICONDUCTORS.
FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 77.1 MILLION, 30 DAYS NORMAL
TERMS.
HIGHLIGHTS
The subject company was established by Konosuke Uenishi, now
ch, in order to make most of his experience in the subject line of
business. Hajime is his son, who took
the pres office in Jun 2006. This is a
family-based trading firm specializing in import, export and wholesale of
semiconductors and associated products.
Products are mostly supplied from Matsushita Electric Ind and group
firms for exports.
FINANCIAL INFORMATION
The sales volume for Apr/2006 fiscal term amounted to Yen 4,295 million, a 2% up from Yen 4,218 million in the previous term. Exports increased to Europe and Asia. The net profit was posted at Yen 15 million, up from Yen 14 million a year ago.
For the current term ending Apr 2007 the net profit is
projected at Yen 15 million, on a 2% rise in turnover, to Yen 4,400
million. The firm expects the sales
amount to rise further, considering weaker Yen against foreign currencies.
The financial situation is considered maintained FAIR and good
for ORDINARY business engagements. Max
credit limit is estimated at Yen 77.1 million, on 30 days normal terms.
REGISTRATION
Date Registered: Oct
1977
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 400,000
shares
Issued: 160,000
shares
Sum: Yen
80 million
Major shareholders (%): Konosuke
Uenishi (50)
No. of shareholders: 8
Nothing detrimental is known as
to the commercial morality of executives.
OPERATION
Activities: Exports, imports and wholesales semiconductors and
associated products (--100%).
(Handling items):
semiconductors, condensers, variable/solid resistors, switches, various chips,
measuring instruments, metal molds; grease, oil, adhesives, vibration
absorbent, drying agents, other.
Clients: [Electronics mfrs, wholesalers] Matsushita Electric Ind, Matsushita Electric (Taiwan), Matsushita Electric (Xiamen), Matsushita Electric (Singapore), Matsushita Audio & Video (Germany), Panasonic (Mexico), other.
No. of accounts: 300
Domestic areas of activities: Centered in greater-Osaka.
Suppliers: [Electronics mfrs] Panasonic International
Logistics, Matsushita Electric Ind, Panasonic Electronic Device, Toshin Kogyo,
other.
Payment record: Regular
Location: Business area in Osaka. Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
Resona Bank (Umeda-Kitaguchi)
Ehime Bank (Osaka)
Relations: Satisfactory.
FINANCES
(In Million Yen)
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Terms Ending: |
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30/04/2007 |
30/04/2006 |
30/04/2005 |
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Annual
Sales |
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4,400 |
4,295 |
4,218 |
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Recur.
Profit |
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.. |
.. |
.. |
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Net
Profit |
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15 |
15 |
14 |
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Total
Assets |
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N/A |
N/A |
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Net
Worth |
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250 |
235 |
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Capital,
Paid-Up |
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80 |
80 |
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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 |
2.44 |
1.83 |
22.40 |
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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 |
0.34 |
0.35 |
0.33 |
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Note: Financials are only partially disclosed.
Forecast (or estimated) for the 30/04/2007 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%)