MIRA
INFORM REPORT
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Report Date : |
22.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
ICT CO LTD |
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Registered Office : |
7-7-6 Abo Matsubara City Osaka-Pref 580-0043 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2008 |
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Date of Incorporation : |
April 1991 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturer of PC Boards, Database Applications, PC-based
Control and Supervising Software |
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 5.1 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name & address
ICT CO LTD
REGD NAME: ICT KK
MAIN OFFICE: 7-7-6 Abo Matsubara City Osaka-Pref 580-0043
JAPAN
Tel:
072-336-2311 Fax: 072-336-2312
URL: http://www.ict-osaka.com/
E-Mail
address: ict-adm@ict-osaka.com
ACTIVITIES
Mfg of PC boards, database applications, PC-based control
& supervising software
BRANCHES
Nil
FACTORY(IES)
At the caption address
OFFICER(S)
KENJI TAKEDA, PRES
Mamoru Takeda, dir
Masaru Shiraishi,
dir
Yen
Amount: In million Yen,
unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 300 M
PAYMENTS REGULAR CAPITAL Yen
30 M
TREND STEADY WORTH Yen
42 M
STARTED 1991 EMPLOYES 11
COMMENT
MFR SPECIALIZING IN PC HARDWARE & SOFTWARE.
FINANCIAL SITUATION CONSIDERED FAIR
AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 5.1 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The
subject company was established by Kenji Takeda in order to make most of his
experience in the subject line of business.
Specializes in mfg information systems, PC boards, PC-based control
& supervising software, database applications (Oracle, Access, etc.) Clients include major electronics mfrs.
FINANCIAL INFORMATION
The
sales volume for Mar/2008 fiscal term amounted to Yen 300 million, a 3% up from
Yen 290 million in the previous term.
Client networks expanded with demand seen increasing. The net profit was posted at Yen 12 million,
compared with Yen 5 million a year ago.
Some extraordinary profits are reported included.
For
the current term ending Mar 2009 the net profit is projected at Yen 5 million,
on a 3% fall in turnover, to Yen 290 million.
Demand is seen decreasing due to the recession. Jobs cuts are reported even in large
corporations, including automakers.
The financial
situation is considered maintained FAIR and good for ORDINARY business
engagements. Max credit limit is estimated at Yen 5.1 million, on 30 days
normal terms.
REGISTRATION
Date
Registered: Apr 1991
Legal
Status: Limited
Company (Kabushiki Kaisha)
Authorized: 2,400 shares
Issued: 600
shares
Sum: Yen 30 million
Major shareholders (%)
Kenji Takeda (100)
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Manufactures measurement/control/information
systems, environmental information systems, functional PC boards, PC-based
control & supervising software, database applications (Oracle, Access,
etc), other (--100%).
Clients
[Mfrs, wholesalers] Anritsu Corp, Kanadenko Co, Kinden Corp, Kyoritz
Corp, Sanki Mfg, Techno Ryowa Ltd, Tsubaki Nakashima Co, other.
No. of accounts: 300
Domestic areas of activities: Centered in greater-Osaka
Suppliers
[Mfrs, wholesalers] Taiyo
Electronics Ind, Sansei Technos, other.
Payment
record: Regular
Location:
Business area in Matsubara City, Osaka-Pref.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
Resona Bank (Nagayoshi)
MUFG (Matsubara)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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31/03/2009 |
31/03/2008 |
31/03/2007 |
31/03/2006 |
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Annual
Sales |
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290 |
300 |
290 |
250 |
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Recur.
Profit |
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Net
Profit |
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5 |
12 |
5 |
1 |
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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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42 |
30 |
25 |
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Capital,
Paid-Up |
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30 |
30 |
30 |
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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 |
-3.33 |
3.45 |
16.00 |
72.41 |
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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 |
1.72 |
4.00 |
1.72 |
0.40 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/03/2009 fiscal
term.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.08 |
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UK Pound |
1 |
Rs.71.17 |
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Euro |
1 |
Rs.66.98 |
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%)