MIRA INFORM REPORT
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Report Date : |
07.04.2011 |
IDENTIFICATION DETAILS
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Name : |
HITECH & FACILITY CO LTD |
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Registered Office : |
1-9-7
Chiharadai-Nishi |
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Country : |
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Financials (as on) : |
30.06.2010 |
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Date of Incorporation : |
February
2001 |
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Com. Reg. No.: |
0408-02-004336 (Chiba-Ichihara) |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Export of electronic measurement instruments |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Yen 1.8 Million |
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Status : |
Moderate |
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Payment
Behaviour : |
Regular |
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Litigation : |
---- |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name
HITECH & FACILITY CO LTD
REGD NAME
YK Hitech &
Facility
MAIN OFFICE
1-9-7
Chiharadai-Nishi
Tel:
050-5551-6261 Fax: 0436-76-7688
E-mail: sales@hitechfacility.com
ACTIVITIES
Export
of electronic measurement instruments
BRANCHES
Nil
OFFICER(S)
HIROKAZU
AMAIKE, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 90 M
PAYMENTS REGULAR CAPITAL Yen
30 M
TREND SLOW WORTH Yen
43 M
STARTED 2110 EMPLOYES 3
COMMENT
EXPORTER
OF ELECTRONIC MEASURMENT INSTRUMENTS.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 1.8
MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Hirokazu Amaike in order to make most of his experience in the subject line of business. This is a trading firm, owned and operated by the Amaike family, for exporting and wholesaling electronic measurement instruments, both new & old. Domestic clients include universities, laboratories, other.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Jun/2010 fiscal term amounted to Yen 90 million, a
25% down from Yen 120 million in the previous term, as affected by the global
economic downturn. Demand declined
substantially. High Yen hurt export
revenues & profits in Yen terms. The
net profit was posted at Yen 1 million, compared with Yen 2 million a year
ago. .
For the current term ending Jun 2011 the net profit is projected at Yen
1 million, on an 11% rise in turnover, to Yen 100 million. Export demand revived, says the firm.
The financial situation is considered RATHER WEAK but should be good for
MODERATE business engagements. Max
credit limit is estimated at Yen 1.8 million, on 30 days normal terms.
REGISTRATION
Date Registered: Feb 2001
Regd No.: 0408-02-004336 (Chiba-Ichihara)
Legal Status: Private
Limited Company (Yugen Kaisha)
Authorized: 1,000
shares
Issued: 600 shares
Sum: Yen 30 million
Major shareholders (%):
Hirokazu Amaike and families (100)3
No. of shareholders: ^
Nothing detrimental is known as
to the commercial morality of executives.
OPERATION
Activities: Trading firm for
export and wholesale of electronic measurement instruments: oscilloscopes,
spectrum analyzer, other (--100%).
Clients: [Mfrs,
universities, wholesalers] Exports to worldwide destinations
No. of accounts:
Unavailable
Domestic areas of
activities: Centered in Chiba-Pref
Suppliers: [Mfrs,
wholesalers] Hitachi Ltd, other.
Payment record: Regular
Location: Business area in
Bank References:
MUFG (
Keiyo
Bank (
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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30/06/2011 |
30/06/2010 |
30/06/2009 |
30/06/2008 |
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Annual
Sales |
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100 |
90 |
120 |
170 |
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Recur.
Profit |
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Net
Profit |
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1 |
1 |
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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43 |
42 |
40 |
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Capital,
Paid-Up |
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30 |
30 |
30 |
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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 |
11.11 |
-25.00 |
-29.41 |
-15.00 |
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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 |
1.00 |
1.11 |
1.67 |
1.76 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 30/06/2011 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.44.22 |
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1 |
Rs.72.25 |
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Euro |
1 |
Rs.63.09 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.