MIRA
INFORM REPORT
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Report Date : |
24.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
HUMAN TECHNOLOGIES INC |
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Registered Office : |
Kanda No.2 Amex Bldg 8F, 3-6-9 Kanda-Ogawacho Chiyodaku Tokyo 101-0052 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
November, 2001 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of fingerprint reading scanners |
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 11.8 Million |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
name of the company
HUMAN TECHNOLOGIES INC
REGD NAME: KK Human Technologies
MAIN OFFICE
Kanda No.2 Amex Bldg 8F, 3-6-9 Kanda-Ogawacho Chiyodaku Tokyo
101-0052JAPAN
Tel: 03-5283-0369 Fax:
03-5823-0377
URL
E-Mail address
Thru the URL)
ACTIVITIES
Import, wholesale of fingerprint reading scanners
BRANCHES
Nil
OFFICER(S)
Hideaki Nakatani, ch TAKAHIRO
FUJIMURA, PRES
Michi Fujimura, dir Yuji
Watanabe, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 4,425 M
PAYMENTS REGULAR CAPITAL Yen 47 M
TREND SLOW WORTH Yen 30 M
STARTED 2001 EMPLOYES 10
COMMENT
IMPORTER OF FINGERPRINT READING SCANNER.
FINANCIAL SITUATION CONSIDERED
RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 11.8 MILLION, 30 DAYS,
RECOMMENDING SECURED TERMS ON NEW TRANSACTIONS.
HIGHLIGHTS
The
subject company was established Takahiro Fujimura in order to make most of his
experience in the subject line of business.
This is a trading firm specializing in importing and wholesaling
fingerprint identification scanners, fingerprint sensors: DigitalPersona Pro,
U.are.U4000 scanner. Goods are imported
from Digital Persona Inc, USA.
FINANCIAL INFORMATION
The sales
volume for Mar/2007 fiscal term amounted to Yen 4,425 million, a 25% down from
Yen 5,877 million in the previous term.
Affected by competition among the trade. The net profit decreased to Yen 1 million from Yen 7 million a
year ago.
For
the current term ending Mar 2008 the net profit is projected at Yen 5 million,
on a 4% rise in turnover, to Yen 4,600 million.
The
financial situation is considered RATHER WEAK but should be good for MODERATE
business engagements. Max credit limit
is estimated at Yen 11.8 million, on 30 days terms, we recommending secured
terms on new transactions.3,200
REGISTRATION
Date Registered:Nov 2001
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 3,200
shares
Issued: 950
shares
Sum: Yen
47.5 million
Major shareholders (%)
Hideaki Nakatani (52.5), Brother
Create (16.4), Takahiro Fujimura (10), Mizuho Capital (6.3)
No. of shareholders
7
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Imports and wholesales
fingerprint recognition scanners, software, from Digital Persona Inc, USA
(--100%).
Brands:
Digital Persona Pro, U.are.U4000, other.
Clients
[Business firms] Coop Sapporo,
Prudential Life Ins, Cosmo Oil, other.
No. of accounts: 200
Domestic areas of activities: Nationwide
Suppliers
[System developers, mfrs]
Imports from Digital Persona Inc, USA, other.
Payment record: Regular
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References
Mizuho Bank (Musashi-Kosugi)
SMBC (Akasaka)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
31/03/2008 |
31/03/2007 |
31/03/2006 |
31/03/2005 |
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Annual Sales |
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4,600 |
4,425 |
5,877 |
6,065 |
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Recur. Profit |
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14 |
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Net Profit |
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5 |
1 |
7 |
-1 |
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Total Assets |
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972 |
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978 |
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Current Assets |
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622 |
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798 |
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Current Liabs |
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590 |
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848 |
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Net Worth |
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30 |
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50 |
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Capital, Paid-Up |
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47 |
47 |
47 |
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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 |
3.95 |
-24.71 |
-3.10 |
14.43 |
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Current Ratio |
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.. |
105.42 |
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94.10 |
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N.Worth Ratio |
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3.09 |
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5.11 |
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R.Profit/Sales |
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.. |
.. |
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0.23 |
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N.Profit/Sales |
0.11 |
0.02 |
0.12 |
-0.02 |
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Return On Equity |
.. |
3.33 |
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-2.00 |
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Notes: Forecast (or estimated) figures for the 31/01/2008
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%)