MIRA INFORM REPORT

 

 

Report Date :

30.08.2011

 

IDENTIFICATION DETAILS

 

Name :

ADY CO LTD

 

 

Registered Office :

Tsujimoto Bldg 4F, 1-12-15 Higashimikuni Yodogawaku Osaka 532-0002

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2011

 

 

Year of Establishment :

July 1986

 

 

Com. Reg. No.:

(Osaka-Yodogawa) 053633

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, export, wholesale of electronic parts & components

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

Yen 130.2 Million

Status :

Small Company

Payment Behaviour :

Regular

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 – March 31st, 2011

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Japan

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name and address

 

ADY CO LTD

REGD NAME:    A. D. Y. KK

MAIN OFFICE:  Tsujimoto Bldg 4F, 1-12-15 Higashimikuni Yodogawaku Osaka 532-0002 JAPAN

                        Tel: 06-6397-0412     Fax: 06-6397-0414

 

URL:                 http://www.ady-jp.com/

E-Mail address: customer@advantek.com.sg

 

 

ACTIVITIES

 

Import, export, wholesale of electronic parts & components

 

BRANCHES

 

Tokyo, Tokorozawa (Saitama)

 

OVERSEAS

 

Sonic Singapore, Freising HK, Freising Shenzhen Office, FU Sheng Factory, Dou Yee Enterprise (S) Pte Ltd (-affiliates)

 

FACTORIES  

 

Singapore, China (--subcontracted)

 

 

OFFICER(S)

 

TAKAFUMI FUJITA, PRES                     Sachiyo Fujita, rep dir

Yoshimasa Terashima, v pres                 Soo Yee Wah, dir                                                         

Toshimi Fujita, dir

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES        FAIR                             A/SALES          Yen 2,935 M

PAYMENTS      REGULAR                     CAPITAL           Yen 12 M

TREND             STEADY                       WORTH            Yen 560 M

STARTED         1986                             EMPLOYES      40

 

 

COMMENT

 

TRADING HOUSE SPECIALIZING IN ELECTRONICS PARTS & COMPONENTS.  FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 130.2 MILLION, 30 DAYS NORMAL TERMS.

 

 

HIGHLIGHTS

 

The subject company was established by Takafumi Fujita in order to make most of his experience in the subject business, as Advantek DY Co Ltd.  Started as importer of electronics parts & components, and the firm has since grown into a specialized trading house handling electronics components in tie-ups with Advantek Inc, USA and Dou Yee, Singapore.  In 1987 started importing of embossed carrier tapes.  The same year Dou Yee Singapore started production of ESD and clean room materials, and imports started.  In 1995, started marketing of plastic cartridges.  In 1996, started importing Dummy Boards and other products from Top Line, USA.  Renamed as captioned in Apr 2006.  Goods are both imported and exported.  Clients are major electronics & semiconductor mfrs, nationwide.

 

 

FINANCIAL INFORMATION

 

The sales volume for Mar/2011 fiscal term amounted to Yen 2,935 million, a 30% up 2,255 million in the previous term.  Demand for cartridge dispenser increased domestically from electronics industries.  The recurring profit was posted at Yen 78 million, but ended with Yen 30 million net losses for the term.  Extraordinary losses incurred from the high Yen.  This compares with Yen 89 million recurring profit and Yen 35 million net profit, respectively, a year ago.

 

For the term ending Mar 2012 the recurring profit is projected at Yen 80 million and the net profit at Yen 40 million, respectively, on a 6% rise in turnover, to Yen 3,100 million.

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 130.2 million, on 30 days normal terms.

 

 

 

REGISTRATION

 

Date Registered:  Jul 1986

Regd No.:         (Osaka-Yodogawa) 053633

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800 shares

Issued:                240 shares

Sum:                   Yen 12 million

Major shareholders (%): Company’s Treasury Stock (33.3), Dou Yee Enterprise

(Singapore) (33.3), Takafumi Fujita (33.3).

No. of shareholders: 3

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

 

Activities: Imports, exports and wholesales electronics parts & components (--100%): Dummy Boards, plastic injection molds, ESD & clean room materials (gloves, caps, other antistatic products), embossed carrier tapes, plastic cartridges, packaging materials for electronics components, other related products. 

 

Goods are imported from USA, Singapore, China, etc.

 

 

Clients: [Electronics mfrs, wholesalers] Cree Inc (45%), Dou Yee Enterprise (Singapore), Sonic (Singapore), Kanto Sanyo Semiconductors, Dou Yee Enterprises, Asahi Kasei Electronics, Musashi Engineering, Sanyo Kasei Co, Kusumoto Chemicals, Huntsman Advanced Materials, Darwi Enterprises, Sonic (Singapore), Speed Japan, Sanyo Chemical, Denki Kagaku Kogyo, Asahi Kasei Corp & group firms, other.

No. of accounts: 500

Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] PPG Japan, Asahi Kasei Corp, Dou Yee Enterprises, Mix Pack, Plus Pack, Denki Kagaku Kogyo, Able Kogyo, Nihon Matai, Lintec Corp, other.  Imports from Top Line (USA), Sonic Singapore, other from Singapore, China, etc.

 

Payment record: Regular

 

Location: Business area in Osaka.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

                        MUFG (Shin-Osaka-Ekimae)

                        SMBC (Esaka)

                        Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

       Terms Ending:

31/03/2012

31/03/2011

31/03/2010

31/03/2009

Annual Sales

　

3,100

2,935

2,255

2,355

Recur. Profit

　

80

78

89

　

Net Profit

　

40

-30

35

59

Total Assets

　

　

849

997

　

Current Assets

　

　

766

863

　

Current Liabs

　

　

228

354

　

Net Worth

　

　

560

570

　

Capital, Paid-Up

　

　

12

12

12

Div.P.Share(¥)

　

　

660.00

660.00

170.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

5.62

30.16

-4.25

-3.01

    Current Ratio

 

..

335.96

243.79

..

    N.Worth Ratio

..

65.96

57.17

..

    R.Profit/Sales

 

2.58

2.66

3.95

..

    N.Profit/Sales

1.29

-1.02

1.55

2.51

    Return On Equity

..

-5.36

6.14

..

 

Notes: Forecast (or estimated) figures for the 31/03/2012 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.87

UK Pound

1

Rs.75.14

Euro

1

Rs.66.68

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.