MIRA
INFORM REPORT
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Report Date : |
30.05.2007 |
IDENTIFICATION DETAILS
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Name : |
ADVANCED TECHNOLOGY ING |
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Registered Office : |
East Bldg 1B, 4-8-12 Shinkawa Mitaka |
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Country : |
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Financials (as on) : |
30.09.2006 |
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Date of Incorporation : |
Mar 1993 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Import, wholesale of measuring
instruments, their parts & components |
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 4.2 millions |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
name
ADVANCED TECHNOLOGY ING
REGD NAME
KK A. T. I.
MAIN OFFICE
East Bldg 1B,
4-8-12 Shinkawa Mitaka
Tel : 0422-48-7461
Fax : 0422-48-7460
URL : http://www.atij.co.jp/
E-Mail
address: sales@atij.co.jp
ACTIVITIES
Import,
wholesale of measuring instruments, their parts & components
BRANCHES
Sarushimagun
(
OFFICER(S)
NOBUYUKI
SUZUKI, PRES
Chiyoko
Suzuki, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 280 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen
37 M
STARTED 1993 EMPLOYES 15
COMMENT
TRADING HOUSE SPECIALIZING IN MEASURING INSTRUMENTS. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR CREDIT ENGAGEMTNS: US$15,000 / O/A 30 DAYS
MAX CREDIT LIMIT: YEN 4.2 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by Nobuyuki Suzuki in order
to make most of his experience in the subject line of business. This is a trading house, owned and operated
by the Suzuki family, specializing in highly advanced electronic parts &
equipment for measuring devices and analyzers. Imports the goods from 40-50 mfrs/suppliers in
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Sept/2006 fiscal term amounted to Yen 280 million, a 7% down from Yen 300 million in the previous term. This is referred to slow demand for the goods from electronics mfrs and related industries. Business is observed rather slow t develop. The net profit decreased to Yen 2 million from Yen 3 million a year ago.
For the current term ending Sept 2007 the net profit is projected at Yen 2 million, on a 4% rise in turnover, to Yen 290 million. Demand is seen increasing from the related industries on the back of recovery of business activities. Weaker Yen will also contribute.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 4.2 million, on 30 days normal terms. The proposed amount is considered within the firm’s financial capabilities.
REGISTRATION
Date
Registered: Mar 1993
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major
shareholders (%): Nobuyuki Suzuki (100)
Nothing
detrimental is known as to his commercial morality.
OPERATION
Activities: Imports and wholesales: microwave/miliwave applied apparatus, their parts & components; laser & electronic technology applied measuring instruments & apparatus, their parts & components, including originally developed devices, others (--100).
Goods are imported from
about 40-50 mfrs/suppliers in
Clients: [Electronics mfrs, wholesalers] Toshiba Corp, NEC, Mitsubishi Electric, Matsushita Electric Ind, Japan Radio, Fujitsu Ltd, Tokyo Univ, Defense Agency, National Astronomical Observatory of Japan, Japan Aerospace Exploration Agency, InfoCom Research Ind, other.
No. of
accounts: 300
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Agilent Technology Inc, Polytron, Planet ATE, Advances Switch Technology, Advantech, EMF Systems, Environmental Technology (ETI), General Dynamics C4 Systems, Microwave Device Technology, Norsat Int’l, Radar Technology, Victory Microwave, WiseWave Technologies, other (totaling about 40-50 suppliers overseas).
Payment
record: Regular
Location: Business area in
Bank References
Mizuho
Bank (Chofu-Senkawa)
MUFG
(Senkawa)
Relations:
Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
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30/09/2007 |
30/09/2006 |
30/09/2005 |
30/09/2004 |
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Annual
Sales |
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290 |
280 |
300 |
370 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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2 |
2 |
3 |
4 |
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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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37 |
35 |
31 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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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 |
3.57 |
-6.67 |
-18.92 |
-22.92 |
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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 |
0.69 |
0.71 |
1.00 |
1.08 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 30/09/2007 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%)