MIRA INFORM REPORT
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Report Date : |
21.12.2011 |
IDENTIFICATION DETAILS
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Name : |
AUTEX INC |
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Registered Office : |
Shinjuku Takasago Bldg 4F, 16-5 Tomihisacho Shinjukuku Tokyo 162-0067 |
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Country : |
Japan |
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Financials (as on) : |
30.09.2011 |
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Date of Incorporation : |
January 1987 |
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Com. Reg. No.: |
(Tokyo-Shinjukuku) 003869 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export,
wholesale of laser & nano technology
equipment |
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No. of Employees
: |
24 persons |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 9.7 Million |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
AUTEX INC
REGD NAME
Autex KK
MAIN OFFICE
Shinjuku Takasago
Bldg 4F, 16-5 Tomihisacho Shinjukuku Tokyo 162-0067 JAPAN
Tel:
03-3226-6322 Fax: 03-3226-6290
URL: www.autex-inc.co.jp
E-mail: sales11@autex-inc.co.jp
ACTIVITIES
Import,
export, wholesale of laser & nano technology equipment, other
BRANCHES
Osaka,
Shin-Tonecho
OFFICER(S)
HIROSHI
FUKUI, PRES
Makoto
Yoshino, dir
Kazuko
Takenaga, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 499 M
PAYMENTS REGULAR CAPITAL Yen
50 M
TREND UP WORTH Yen 213 M
STARTED 1987 EMPLOYES 24
COMMENT
TRADING
FIRM SPECIALIZING IN LASER & NANO TECHNOLOGY EQUIPMENT.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX
CREDIT LIMIT: YEN 9.7 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by H Ohta in order to make most of
his experience in the subject line of business.
H Ohta’s wife, Hiroko Ohta, is the largest shareholder of the firm. This is a trading firm for import, export and
wholesale of laser & nano technology equipment (See OPERATION). Clients include
major electronics mfrs, universities, laboratories, other, nationwide.
FINANCIAL INFORMATION
The sales volume for Sept/2010 fiscal term amounted to Yen 499 million,
a 32% up from Yen 379 million in the previous term. Demand increased after the market was
affected by the global economic downturn in the previous term. Exports also revived. The operations turned to black to post yen 21
million recurring profit and Yen 20 million net profit, respectively, compared
with Yen 59 million recurring loss and Yen 59 million net losses, respectively,
a year ago. .
For the term that ended Sept 2011 the recurring profit was projected at
Yen 25 million and the net profit at Yen 25 million, respectively, on a 6% rise
in turnover, to Yen 530 million. Final
results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 9.7 million, on 30 days normal terms.
REGISTRATION
Date Registered: Jan 1987
Regd No.: (Tokyo-Shinjukuku) 003869
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 4,000
shares
Issued: 1,000 shares
Sum: Yen 50 million
Major shareholders (%): Hiroko Ohta (64.5), Hiroshi
Fukui (16), Makoto Yoshino (4), Kazuko Takenaga (3), Masahiro Ohta (1)
No. of shareholders: 12
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, exports
and wholesales laser & nano technology equipment: beam scan, beam pro (CCD
type), nano scan (HP nano scan), power meter, He-Ne laser, semiconductor laser
module, DPSS laser, gradient index lenses, optic fiber wave guide, other
(--100%).
Clients: [Mfrs,
wholesalers] Hamamatsu Photonics KK (10%), Nihon Denkei, Panasonic
Communications, Hitachi Hi-Tec Trading, NTT, Nikon Corp, Fuji Photo Film,
Topcon Corp, Olympus Corp, Konica Minolta Opto Products, other.
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Photon Co, Piezo System Jena Inc, Cristal Technology, Poly-Micro Technology,
Laser Drive Inc, C-Tec Corp, other.
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
·
Resona Bank (Shinjuku)
·
MUFG (Shinjukudori)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
30/09/2011 |
30/09/2010 |
30/09/2009 |
30/09/2008 |
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Annual
Sales |
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530 |
499 |
379 |
627 |
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Recur.
Profit |
|
25 |
21 |
-59 |
20 |
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Net
Profit |
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25 |
20 |
-59 |
20 |
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Total
Assets |
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|
677 |
698 |
674 |
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Current
Assets |
|
|
248 |
276 |
255 |
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Current
Liabs |
|
|
79 |
63 |
88 |
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Net
Worth |
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213 |
192 |
252 |
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Capital,
Paid-Up |
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|
50 |
50 |
50 |
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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 |
6.21 |
31.66 |
-39.55 |
-9.13 |
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Current Ratio |
|
.. |
313.92 |
438.10 |
289.77 |
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N.Worth Ratio |
.. |
31.46 |
27.51 |
37.39 |
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R.Profit/Sales |
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4.72 |
4.21 |
-15.57 |
3.19 |
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N.Profit/Sales |
4.72 |
4.01 |
-15.57 |
3.19 |
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Return On Equity |
.. |
9.39 |
-30.73 |
7.94 |
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Notes:
Forecast (or estimated) figures for the 30/09/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.53.03 |
|
UK Pound |
1 |
Rs.82.34 |
|
Euro |
1 |
Rs.68.99 |
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.