MIRA
INFORM REPORT
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Report Date : |
16.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
SADIATEC CO LTD |
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Registered Office : |
Kopo Minamikoshigaya No.8, 1-6-62 Minamikoshigaya Koshigaya City
Saitama-Pref 343-0845 |
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Country : |
Japan |
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Financials (as on) : |
30.06.2007 |
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Date of Incorporation : |
June 2005 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale, retail of international call cards (prepaid);
used PC’s |
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 Million |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
name & address
SADIATEC CO LTD
REGD NAME: KK Sadiatec
MAIN OFFICE: Kopo Minamikoshigaya
No.8, 1-6-62 Minamikoshigaya Koshigaya City Saitama-Pref 343-0845 JAPAN
Tel:
048-990-5260 Fax: 048-990-5261
* The firm will be moving its Head Office on
20/04/2008 to: Akiba Mitaki-kan 4F, 4-5-5 Sotokanda Chiyodaku Tokyo 101-0021;
Tel: 03-3255-5861; Fax: 03-3255-5862
E-Mail address: info@sadiac.com
ACTIVITIES
Import, wholesale, retail of international call cards
(prepaid); used PC’s
BRANCHES
Kuala Lumpur, Uttara Model Town (Bangladesh)
OFFICER(S)
MD Samuel Haque, pres
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 813 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND UP WORTH Yen 15 M
STARTED 2005 EMPLOYES 4
COMMENT
DISTRIBUTOR OF INTERNATIONAL CALL CARDS.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE
GOOD FOR
MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 15 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Md Samuel Haque in order to make most of his experience in the subject line of business. This is a trading firm specializing in importing, exporting and wholesaling international prepaid call cards. Goods are sold online both at home and abroad. Two sales agents in Malaysia and Bangladesh are actively marketing them. Also handles refurbished laptop & notebook computers.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Jun/2007 fiscal term amounted to Yen 813 million, a 45% up from Yen 560 million in the previous initial fiscal term. Business started expand with clients networks expanded, including overseas sales. The net profit was posted at Yen 3 million, up from Yen 2 million a year ago.
For the current term ending May 2008 the net profit is projected at Yen 3 million, on a 6% rise in turnover, to Yen 860 million. Business continues rising.
The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 15 million, on 30 days normal terms.
REGISTRATION
Date Registered: Jun 2005
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%)
MD Samuel Haque (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: Imports, exports, wholesales and retails (online shop) international call cards (prepaid); used (refurbished) laptop & notebook computers, others (--100%).
Clients
[Agent dealers, wholesalers, consumers] KVH, other.
No. of accounts
Unavailable
Domestic areas of activities
Centered in greater-Tokyo
Suppliers
[Mfrs, telecommunications firms] KDDI, Cosmo Bridge, Meisei Kikaku, other
Payment record
Regular
Location
Business area in Koshigaya City, Saitama-Pref. Office premises at the caption address are owned as private residence and maintained satisfactorily.
Bank References
MUFG (Soka & Koshigaya)
Relations: Money deposits & transfers only
FINANCES: (In Million Yen)
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Terms Ending: |
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30/06/2008 |
30/06/2007 |
30/06/2006 |
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Annual
Sales |
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860 |
813 |
560 |
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Recur.
Profit |
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Net
Profit |
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3 |
3 |
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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15 |
12 |
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Capital,
Paid-Up |
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10 |
10 |
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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 |
5.78 |
45.18 |
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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 |
0.35 |
0.37 |
0.36 |
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Notes: Financials are only partially disclosed.
The 30/06/2007 fiscal term is the initial accounting term
since inception.
Forecast (or estimated) figures for the 30/06/2008 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%)