MIRA
INFORM REPORT
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Report Date : |
19.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
INTECH CORPORATION |
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Registered Office : |
Fujishima Bldg 7F, 4-13-4 Shiba Minatoku Tokyo 108-0014 |
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Country : |
Japan |
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Date of Incorporation : |
April 2004 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
VOIP (Voice over Internet Provider) provider |
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 17.5 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name & address
INTECH CORPORATION
REGD NAME: KK Intech
MAIN OFFICE: Fujishima Bldg 7F, 4-13-4 Shiba Minatoku Tokyo
108-0014 JAPAN
Tel:
03-3456-9133 Fax: 03-3456-3091
URL: http://www.intechonline.jp/
E-Mail
address: info@intechonline.jp
ACTIVITIES
VOIP (Voice over Internet Provider) provider
BRANCHES
Singapore, Korea, New York, Malaysia
OFFICER(S)
CHOU DHURY, PRES (Bangladesh resident)
Yen
Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,000 M*
PAYMENTS REGULAR CAPITAL Yen
10 M
TREND STEADY WORTH Yen
50 M
STARTED 2004 EMPLOYES 10
*
Only professed and not verified by outside sources
COMMENT
VOIP PROVIDER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 17.5 MILLION, 30 DAYS, RECOMMENDING
SECURED TERMS ON NEW TRANSACTIONS
HIGHLIGHTS
The
subject company was established by Chou Dhury, a Bangladesh resident
businessman, in order to make most of his previous experience in the subject
line of business. He has been living in
Japan for over 20 years and speaks fluent Japanese. Specializing in providing calling card platform, such as VOIP
(voice over Internet provider). The
firm separately has a firm for exporting marine machinery & equipment.
FINANCIAL INFORMATION
Financials
are not disclosed. We have obtained the
following figures directly and verbally from the president, Chow Dhury. They are not verified by outside sources.
Annual
turnover is around 1,000 million and that this figure has been more or less
unchanged for past years, says C Dhury.
The
financial situation is considered FAIR and good for ORDINARY business
engagements. Max credit limit is
estimated at Yen 17.5 million, on 30 days, recommending secured terms on new
transactions.
REGISTRATION
Date Registered: Apr
2004
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800
shares
Issued: 200
shares
Sum: Yen
10 million
Major shareholders (%)
Chow Dhury (100)
Nothing detrimental is known as to his commercial morality
OPERATION
Activities: VOIP
provider (Voice over Internet Provider) (--100%)
Payment record: Regular
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References
SMBC (Aoyama)
Relations: Satisfactory
FINANCES: (In Million Yen)
NOT
MADE AVAILABLE
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%)