MIRA INFORM REPORT
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Report Date : |
02.08.2011 |
IDENTIFICATION DETAILS
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Name : |
QUANTUM DESIGN JAPAN INC |
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Registered Office : |
Ikebukuro Duplex
B’s, 2-40-13 Ikebukuro Toshimaku Tokyo 171-0014 |
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Country : |
Japan |
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Financials (as on) : |
30.09.2010 |
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Date of Incorporation : |
October
2010 |
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Com. Reg. No.: |
(Tokyo-Toshimaku)
029695 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import,
wholesale of precision
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 990.0 Million |
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Status : |
Moderate |
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Payment
Behaviour : |
Regular |
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Litigation : |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Japan |
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
QUANTUM DESIGN JAPAN INC
REGD NAME
Nihon Quantum
Design KK
MAIN OFFICE
Ikebukuro Duplex
B’s, 2-40-13 Ikebukuro Toshimaku Tokyo 171-0014 JAPAN
Tel:
03-5954-8570 Fax: 03-5954-6570
E-Mail address: info@qdj.co.jp
ACTIVITIES
Import,
wholesale of precision instruments
BRANCHES
Osaka
OVERSEAS
Korea,
USA, China, India, Switz (--subsidiaries)
FACTORIES
Tokyo
(Technical Center)
OFFICER(S)
SHOJI
TAGUCHI, PRES John McArthur,
mgn dir
Ron Sager,
dir Jerry
Daviess, dir
Dave
Schultz, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,700 M*
PAYMENTS REGULAR CAPITAL Yen 250 M
TREND STEADY WORTH Yen
990 M*
STARTED 2010 EMPLOYES 25
*.. These
figures are those of the former body, before the merger.
COMMENT
IMPORTER SPECIALIZING IN PRECISION INSTRUMENTS, WHOLLY
OWNED BY QUANTUM DESIGN INC, USA.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 990.0 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established originally in 1997 as a Japan marketing base by Quantum Design Inc, USA, for handling precision instruments. In Oct 2010, the firm merged with Quantum Japan Holdings Inc, with the latter being the surviving company succeeding all business operations of the former. At the same time, the newly organized company was renamed as Quantum Design Japan Inc. This is a trading company for importing and wholesaling precision instruments, the products of the USA parent. The firm has three divisions: Material Science Div; Optoelectronics Div and Biotechnology Div (see OPERATION). Goods are imported from the US parent and other precision instruments manufacturers in USA. The firm acts as import agents for these makers, too. Technical Center is located in Tokyo. Clients are major electronics mfrs, optical instruments makers, pharmaceuticals, universities, research labs, other, nationwide.
FINANCIAL INFORMATION
Financials are consolidated by the US parent and only partially disclosed. The financials of the new organization will be closed in Sept 2011. We give hereunder the financials of the former body, before the merger, as follows;
The sales volume for Sept/2010 fiscal term amounted to Yen 2,700 million, an 88% up from Yen 1,437 million in the previous term. The net profit was posted at Yen 34 million, compared with Yen 52 million a year ago. The financials of the former body.
For the term ending Sept 2011 the newly organized subject firm projects net profit at Yen 35 million, on a 6% rise in turnover, to Yen 2,850 million. Business is steady expanding, as succeeded from the former body.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 990.0 million, on normal 30 days terms.
REGISTRATION
Date Registered: Oct 2010
Regd No.:
(Tokyo-Toshimaku) 029695
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
5,000 shares
Issued:
5,000 shares
Sum: Yen 250
million
Major shareholders (%):
Quantum Design Inc (USA) (100)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: A trading house wholly owned by Quantum Design Inc (USA) for import and wholesale of precision instruments (100%); having the following three divisions:
Materials Science Div: cryogenic measuring instruments, x-ray microscopic devices, cryogenic temperatures controlling systems, ultra-sonic measuring tools, others;
Optoelectronics Div: laser optical systems, green laser pointers, pulse lasers, others; and;
Biotechnology Div: DNA analyzing systems, DNA discovery systems, DNA sequencing, DNA prep, gel documentation, micro-array imaging systems, medical diagnostic tools, etc.
(Detailed breakdown unavailable; Biotechnology Div is rapidly growing in the DNA analytical instruments & devices, as reported).
Clients: [Mfrs, wholesalers, universities, research labs] Nikon Corp, NEC, Canon Inc, TDK, Takeda Chemical Ind, Ushio Inc, Sony Corp, Matsushita Electric Ind, other.
No. of accounts: 800
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Quantum Design
Ind (USA), New Cera, nano Sight (UK), Bio Dot Inc, American Magnetics (USA),
Magna Bioscience, Canon Machinery, Ocean Nano Tech, other.
Payment record:
Regular
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Ikebukuro-Higashiguchi)
Mizuho
Bank (Ikebukuro-Nishiguchi)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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30/09/2011 |
30/09/2010 |
30/09/2009 |
30/09/2008 |
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Annual
Sales |
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2,850 |
2,700 |
1,437 |
1,636 |
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Recur.
Profit |
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Net
Profit |
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35 |
34 |
52 |
23 |
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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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990 |
967 |
931 |
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Capital,
Paid-Up |
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250 |
60 |
60 |
60 |
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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 |
5.56 |
87.89 |
-12.16 |
-22.90 |
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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 |
1.23 |
1.26 |
3.62 |
1.41 |
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Notes: The financials up to the
30/09/2010 fiscal term are of the former body, before the merger. Forecast (or estimated) figures for the
30/09/2011 fiscal term for the newly reorganized body.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.05 |
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UK Pound |
1 |
Rs.72.40 |
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Euro |
1 |
Rs.63.46 |
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 |
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NB |
New Business |
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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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.