MIRA
INFORM REPORT
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Report Date : |
24.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
HIRO-TEC CO LTD |
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Registered Office : |
6-20-13 Kikari Inzai City Chiba-Pref 270-1369 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
June, 1999 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Wholesale of Semiconductor
Mfg Equipment, Materials |
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 6.3 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name of the company
HIRO-TEC CO LTD
REGD NAME: KK Hiro Tech
MAIN OFFICE
6-20-13 Kikari Inzai City Chiba-Pref 270-1369 JAPAN
Tel: 0476-46-5330 Fax:
0476-46-5339
URL
E-Mail address
ACTIVITIES
Import, wholesale of semiconductor mfg equipment, materials
BRANCHES
Tokyo
OFFICER(S)
HIROSHI MORIYA, PRES
Kenzaburo Hayashi, dir
Asami Moriya, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 347 M
PAYMENTS REGULAR CAPITAL Yen 20 M
TREND STEADY WORTH Yen 47 M
STARTED 1999 EMPLOYES 5
COMMENT
IMPORTER OF SEMICONDUCTOR MFG EQUIPMENT, OTHERS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 6.3 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The
subject company was established by Hiroshi Moriya in order to make most of his
experience in the subject line of business.
This is a trading firm, operating from his home, for import and wholesale
of semiconductor’s mfg wet baths, magnetic cleaning baths, other related
equipment.
Goods are imported from USA centrally as import agent. Agency agreement acquired in 1999 upon
starting this business. (See OPERATION
for details). Domestic clients are
semiconductor mfrs, wholesalers, etc.
FINANCIAL INFORMATION
Financials
are only partially disclosed.
The sales volume for Mar/2007
fiscal term amounted to Yen 347 million, a 12% up from Yen 310 million in the
previous term. Demand from
semiconductor mfrs expanded. Weaker Yen
also assisted. The net profit was
posted at Yen 7 million, compared with Yen 11 million a year ago. Rising costs of operations ate into profits.
For the current term ending Mar
2008 the net profit is projected at Yen 7 million, on a 2% rise in turnover, to
Yen 360 million.
The financial situation is
considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 6.3
million, on 30 days normal terms.
REGISTRATION
Date Registered:Jun 1999
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 1,600
shares
Issued: 400
shares
Sum: Yen
20 million
Major shareholders (%)
Hiroshi Moriya (100)
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Imports and
wholesales semiconductor mfg wet baths, magnetic cleaning baths, chemical
pumps, PCB loader & unloader equipment, electronic parts, apparatus &
machinery, other related equipment & components (--100%).
Import
agent for: Intec Acculine Inc, Celesco Transducer Products, Argus
International, Trylaner International, Sussex, TSC America, Icon Dynamics,
Trebor International (--USA), ETS COREMA SA (France), other.
Clients
[Electronics mfrs] Tokyo
Electron, Sumitomo Chemical, Matsushita Electric Ind, Toshiba EMI, Oki Sensor
Device, other
No. of accounts: 200
Domestic areas of activities: Centered in greater-Tokyo
Suppliers
[Mfrs] Imports from USA, France, other as exclusive agent.
Payment record: Regular
Location:
Business area in Inzai City, Chiba-Pref.
Office premises at the caption address are owned by Hiroshi Moriya as
his private residence and maintained satisfactorily.
Bank References
Chiba Bank (Chiba New Town)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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31/03/2008 |
31/03/2007 |
31/03/2006 |
31/03/2005 |
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Annual Sales |
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360 |
347 |
310 |
250 |
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Recur. Profit |
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Net Profit |
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7 |
7 |
11 |
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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47 |
40 |
29 |
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Capital, Paid-Up |
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20 |
20 |
20 |
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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 |
3.75 |
11.94 |
24.00 |
0.00 |
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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 |
1.94 |
2.02 |
3.55 |
1.60 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/03/2008 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%)