MIRA
INFORM REPORT
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Report Date : |
26.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
INTEST, KK |
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Registered Office : |
Nihon Seimei Otsuka Bldg 5F, 1-13-4 Kita-Otsuka Toshimaku Tokyo
170-0004 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
June 1987 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import and Wholesale of LSI Test Devices and Equipment |
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 2.3 Million |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
name & address
INTEST, KK (correctly, inTEST KK)
REGD NAME: KK inTest
MAIN OFFICE: Nihon Seimei Otsuka
Bldg 5F, 1-13-4 Kita-Otsuka Toshimaku Tokyo 170-0004 JAPAN
Tel:
03-5961-4881 Fax: 03-5961-4883
E-Mail address:info@intest.co.jp
ACTIVITIES
Import, wholesale of LSI test devices & equipment
BRANCHES
USA (5), Germany, Singapore (--group locations)
OFFICER(S)
TOMOYASU OGURA, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 790 M
PAYMENTS REGULAR CAPITAL Yen 93 M
TREND STEADY WORTH Yen 353 M
STARTED 1987 EMPLOYES 5
COMMENT
IMPORTER AND WHOLESALER OF LSI TEST DEVICES &
EQUIPMENT.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 2.3 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established as a marketing base by Intest Corp, USA, as its marketing base in Japan. This is a trading firm specializing in import and wholesale of LSI-related products, such as test-head manipulators, interfaces, test sockets, LSI test boards, other. Goods are imported from Intest Corp (USA) in the main, other from USA and Germany. Clients are electronics mfg, wholesaler, other, nationwide.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Dec/2006 fiscal term amounted to Yen 790 million, a 36% sharp rise from Yen 580 million in the previous term. Demand from electronics makers rose as mobile phone market sharply expanded. The net profit was posted at Yen 130 million, compared with Yen 90 million a year ago.
For the term that ended Dec 2007 the net profit was projected at Yen 135 million, on a 5% rise in turnover, to Yen 830 million. Business continues on the uptrend.
The financial situation is considered FAOR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 14.2 million, on 30 days normal terms.
REGISTRATION
Date Registered: Jun 1987
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 1,800 shares
Issued: 1,860 shares
Sum: Yen 93 million
Major shareholders (%)
Tomoyasu Ogura (100) (on behalf of Intest Corp, USA)
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales LSI test devices & equipment, its related products (--100%)
(Handling items): test-head manipulators, docking interfaces (test-head docking assembly, docking gusset assembly, adjustable docking), test interfaces, thermal solutions (thermo stream system, thermo chuck system), test sockets (extended life contactor), multi-test devices, LSI test boards, other.
Goods are supplied in the majority from InTEST Corp (USA), also from Dynamic Test Solutions Inc (USA), other.
Clients
[Electronics mfrs, wholesalers] Texas Instruments Japan, Toshiba Corp, Sony, Fujitsu Ltd, Agilent Technology, other.
No. of accounts
300
Domestic areas of activities
Nationwide
Suppliers
[Mfrs] Imported from Intest Corp, Dynamic Test Solutions Inc (--US9, Multitest (Germany), other.
Payment record
Regular
Location
Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References
MUFG (Otsuka)
Resona Bank (Ikebukuro)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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31/12/2007 |
31/12/2006 |
31/12/2005 |
31/12/2004 |
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Annual
Sales |
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830 |
790 |
580 |
270 |
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Recur.
Profit |
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Net
Profit |
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135 |
130 |
90 |
5 |
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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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353 |
223 |
133 |
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Capital,
Paid-Up |
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93 |
93 |
93 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
5.06 |
36.21 |
114.81 |
107.69 |
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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 |
16.27 |
16.46 |
15.52 |
1.85 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/12/2007 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%)