MIRA INFORM REPORT

 

 

Report Date :           

16.12.2011

 

 

IDENTIFICATION DETAILS

 

Name :

UAC CORPORATION 

 

 

Registered Office :

Asami Bldg 11F, 2-4-7 Minami-Shinagawa Shinagawaku Tokyo 140-0004

 

 

Country :

Japan

 

 

Financials (as on) :

28.02.2011

 

 

Date of Incorporation :

December 1982

 

 

Com. Reg. No.:

(Tokyo-Shinagawaku) 010004

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of electronics components, PC peripherals

 

 

No. of Employees :

10 persons

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Maximum Credit Limit :

Yen 18.8 Million

Status :

Satisfactory

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

UAC CORPORATION

 

 

REGD NAME 

 

UAC KK

 

 

MAIN OFFICE

 

Asami Bldg 11F, 2-4-7 Minami-Shinagawa Shinagawaku Tokyo 140-0004 JAPAN　

Tel: 03-5783-0051     Fax: 03-5783-0058

 

URL:                 http://www.uac.co.jp/

E-mail:                         info@uac.co.jp     

 

 

ACTIVITIES

 

Import, wholesale of electronics components, PC peripherals

 

 

BRANCHES

 

Ashiya (Hyogo)

 

 

FACTORIES

 

Singapore

 

 

OFFICER(S)

 

TOSHIMITSU OSAWA, PRES    Masahito Nagai, s/mgn dir

Yasuo Yoshikawa, dir                 Tadashi Idemichi, dir

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY    

 

FINANCES                    FAIR                 A/SALES          Yen 713 M

PAYMENTS      REGULAR         CAPITAL           Yen 20 M

TREND             SLOW              WORTH            Yen 117 M

STARTED                     1982                 EMPLOYES      10

 

 

COMMENT    

 

IMPORTER & WHOLESALER OF ELECTRONICS COMPONENTS, PC PERIPHERALS 

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT ENGGEMENTS: US$100,000 / O/A 30 DAYS

 

MAX CREDIT LIMIT: YEN 18.8 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

 

The subject company was established by Y Yoshikawa on obtaining import agency agreement from Taigen Metal Co Ltd (Taiwan).  This is a trading firm for import, export and wholesale of electronic components, electric products & materials, PC & peripherals, other.  Established importing business backed up by Taiwanese mfrs (90%).  Import agency agreements followed: Plextor Inc (1995), Yoeng Yang Technology Inc (1996), Afreey Inc (1999), Zippy Technology (2000), IcPvortex Germany (2001), ISPro Inc (2001), Enhance Electronics (2002), AcBel Polytech Inc (2003), Micro-Star Int’l (2005), Thecus Tech Corp (2005), SHE Computer Tecnic GmbH (2006), Supermicro Inc (2006), Chenbro Micon Co Ltd (2008).  Domestic clients include major electronics mfrs nationwide.

 

 

FINANCIAL INFORMATION

 

The sales volume for Feb/2011 fiscal term amounted to Yen 713 million, a 12% up from Yen 634 million in the previous term.  Exports recovered.  The net profit was posted at Yen 8 million, compared with Yen 10 million a year ago

 

For the current term ending Feb 2012 the net profit is projected at Yen 10 million, on a 3% rise in turnover, to Yen 735 million.

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 18.8 million, on 30 days normal terms.  The proposed amount is considered well within the firm’s financial capacities.

 

 

REGISTRATION

 

Date Registered:  Dec 1982

Regd No.:        (Tokyo-Shinagawaku) 010004

Legal Status:   　Limited Company (Kabushiki Kaisha)

Authorized:      　80,000 shares

Issued:             　40,000 shares

Sum:                　Yen 20 million

Major shareholders (%): Toshimitsu Osawa (51), Masahito Nagai (25)

No. of shareholders: 10

 

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

 

 

OPERATION

 

Activities: Imports, exports and wholesales electronics components, electric products & materials relating to electronics field, PC & peripherals, others (--100%).

 

(Handling Items):

 

Export Division: Crystal units, Crystal oscillators, Crystal filters, stepper motors, DC & AC Servo motors, drive & controller, magnet, terminal blocks, LCD, switches, SMD capacitors, rotary encoders, ultrasonic transducers, sensors, ceramic products, relays, connectors, inductors, other;

Computer Peripheral Division: motherboard, floppy disk drive, hard disk drive, CD-RW drive, DVD drive, print server, PC housing (case), optical capture device, graphic board, sound card, CRT monitor, keyboard, SCSI card, CPU, SIMM, other:

 

Server & Storage Division: 1U, 2U, 4U rack-mount & server case, 1U, 2U, 4U server, bare borne system, RAID control card, other.

 

Clients: [Electronics mfrs, wholesalers] Quantum, Logitech INA Solutions, NEC Personal Products, Daiwabo Information System, Marubeni Infotec, Shinryo System Corp, T-Zone Inc, M-Tech Co, other     

No. of accounts: 500

            Domestic areas of activities: Nationwide

 

Suppliers [Mfrs, wholesalers] In-Win Development, Enhance Electronics, Kontron Asia Inc, Solid Year Co, Taigen Metal, Topower Computer Ind, T-Win Sheet Metal, Yeong Yang Technology, YEOU CHIH Corp, Zippy Technology Corp (--Taiwan), ICP vortex Computersysteme GmbH, SHE Computer technik GmbH (--Germany), Chenbro Micom, Thecus Technology, other

 

Payment record: Regular

 

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

Bank References:

·         Mizuho Bank (Gotanda)

·         MUFG (Shinagawa-Ekimae)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

       Terms Ending:

28/02/2011

28/02/2010

28/02/2009

28/02/2008

Annual Sales

　

713

634

714

826

Recur. Profit

　

　

10

23

2

Net Profit

　

8

10

21

2

Total Assets

　

　

270

260

288

Current Assets

　

　

259

250

276

Current Liabs

　

　

93

80

100

Net Worth

　

117

110

101

79

Capital, Paid-Up

　

20

20

20

20

Div.P.Share(¥)

　

0

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

12.46

-11.20

-13.56

-9.43

    Current Ratio

 

..

278.49

312.50

276.00

    N.Worth Ratio

..

40.74

38.85

27.43

    R.Profit/Sales

 

..

1.58

3.22

0.24

    N.Profit/Sales

1.12

1.58

2.94

0.24

    Return On Equity

..

9.09

20.79

2.53

 

Notes: Confirmed and resulted figures for the 28/02/2011 fiscal term

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.24

UK Pound

1

Rs.83.77

Euro

1

Rs.70.46

 

 

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.