MIRA
INFORM REPORT
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Report Date : |
26.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
ADVANCED TECHNOLOGY ING |
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Registered Office : |
East Bldg 1B, 4-8-12 Shinkawa Mitaka Tokyo-Metrop 181-0004 |
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Country : |
Japan |
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Financials (as on) : |
30.09.2008 |
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Date of Incorporation : |
March 1993 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Wholesale of Measuring Instruments, their Parts
and Components |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
YEN 4.5 Million |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
name & address
ADVANCED
TECHNOLOGY ING
REGD NAME: KK ATI
MAIN OFFICE: East Bldg 1B, 4-8-12
Shinkawa Mitaka Tokyo-Metrop 181-0004 JAPAN
Tel:
0422-48-7461 Fax: 0422-48-7460
E-Mail address:sales@atij.co.jp
ACTIVITIES
Import, wholesale of measuring instruments, their parts
& components
BRANCHES
Sarushimagun (Ibaraki)
OFFICER(S)
NOBUYUKI SUZUKI, PRES
Chiyoko Suzuki, dir
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 260 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen 39 M
STARTED 1993 EMPLOYES 10
COMMENT
TRADING
HOUSE SPECIALIZING IN MEASURING INSTRUMENTS.
FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX CREDIT LIMIT
YEN 4.5 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The
subject company was established by Nobuyuki Suzuki in order to make most of his
experience in the subject line of business.
This is a trading house, owned and operated by the Suzuki family, specializing
in highly advanced electronic parts & equipment for measuring devices and
analyzers. Imports the goods from 40-50
mfrs/suppliers in USA centrally, other in Europe, Asia, etc. Clients include communications equipment
mfrs, research institutes, laboratories, government agencies, electronics mfrs,
universities, etc, nationwide.
FINANCIAL INFORMATION
Financials
are only partially disclosed.
The
sales volume for Sept/2007 fiscal term amounted to Yen 260 million, a 7% down
from Yen 280 million in the previous term.
This is referred to slow demand for the goods from electronics mfrs and
related industries. Business is
observed rather slow t to develop. The
net profit was posted at Yen 2 million, similarly in the previous term.
For
the current term ending Sept 2008 the net profit is projected at Yen 2 million,
on a similar turnover, at Yen 260 million.
The
financial situation is considered maintained FAIR and good for ORDINARY
business engagements. Max credit limit is
estimated at Yen 4.5 million, on 30 days normal terms.
REGISTRATION
Date Registered: Mar
1993
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800
shares
Issued: 200
shares
Sum: Yen
10 million
Major shareholders (%)
Nobuyuki Suzuki (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities:
Imports and wholesales: microwave/miliwave applied apparatus, their parts &
components; laser & electronic
technology applied measuring instruments & apparatus, their parts &
components, including originally developed devices, others (--100).
Goods are imported from about 40-50 mfrs/suppliers in USA, Europe and
Asian countries.
Clients
[Electronics
mfrs, wholesalers] Toshiba Corp, NEC, Mitsubishi Electric, Matsushita Electric
Ind, Japan Radio, Fujitsu Ltd, Tokyo Univ, Defense Agency, National
Astronomical Observatory of Japan,
Japan Aerospace Exploration Agency, InfoCom Research Ind, other.
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers
[Mfrs, wholesalers] Agilent Technology Inc,
Polytron, Planet ATE, Advances Switch Technology, Advantech, EMF Systems,
Environmental Technology (ETI), General Dynamics C4 Systems, Microwave Device
Technology, Norsat Int’l, Radar Technology, Victory
Microwave, WiseWave Technologies, other (totaling about 40-50 suppliers over- seas).
Payment record
Regular
Location
Business
area in Mitaka City, Tokyo-Metrop.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
Mizuho Bank (Chofu-Senkawa)
MUFG (Senkawa)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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30/09/2008 |
30/09/2007 |
30/09/2006 |
30/09/2005 |
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Annual
Sales |
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260 |
260 |
280 |
300 |
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Recur.
Profit |
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Net
Profit |
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2 |
2 |
2 |
3 |
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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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39 |
37 |
35 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
0.00 |
-7.14 |
-6.67 |
-18.92 |
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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 |
0.77 |
0.77 |
0.71 |
1.00 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 30/09/2008 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.42.79 |
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UK Pound |
1 |
Rs.85.04 |
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Euro |
1 |
Rs.67.39 |
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%)