MIRA INFORM REPORT
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Report Date : |
22.06.2011 |
IDENTIFICATION DETAILS
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Name : |
SUN WAY TECHNOLOGY CO LTD |
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Registered Office : |
SWT Bldg, 3-15-9 Hongo Bunkyoku Tokyo
113-0033 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
February 1996 |
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Com. Reg. No.: |
(Tokyo-Bunkyoku) 002911 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale
of servers, motherboards, chassis, peripheral & accessories |
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 46.8 Million |
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Status : |
Small Company |
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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 – March 31st, 2011
|
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
SUN WAY TECHNOLOGY CO LTD
REGD NAME
Sun Way Technology
KK
MAIN OFFICE
SWT Bldg, 3-15-9
Hongo Bunkyoku Tokyo 113-0033 JAPAN
Tel:
03-3815-9001 Fax: 03-3815-9005
URL: http//:www.sunwaytech.co.jp
E-mail: (thru the URL)
ACTIVITIES
Import,
wholesale of servers, motherboards, chassis, peripheral & accessories
BRANCHES
Nil
OFFICER(S)
SHUNSEI
RAI, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,948 M
PAYMENTS REGULAR CAPITAL Yen
20 M
TREND SLOW WORTH Yen
474 M
STARTED 1996 EMPLOYES 15
COMMENT
IMPORTER
& WHOLESALER OF SERVERS, MOTHERBOARDS, CHASSIS, PERIPHERALS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT ENGAGEMENTS: US$300,000 / O/A 60 DAYS
MAX
CREDIT LIMIT: YEN 46.8 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company
was established by Shunsei Rai, a Taiwanese resident, in order to make most of
his experience in the subject line of business.
This is a trading firm specializing in import and wholesale of servers,
motherboards, chassis, peripherals & accessories. Sole import agent of Supermicro Corporation
of USA. In 2010 started to import “ASUS”
brand from ASUS Tek Computer Inc, Taiwan.
Domestic clients are major electronics & telecommunication companies.
FINANCIAL INFORMATION
Financials are only
partially disclosed as from the 31/12/2008 fiscal term.
The sales volume for
Dec/2010 fiscal term amounted to Yen 1,948 million, a 7% up from Yen 1,826
million in the previous term. This is attributed
to the newly added supplier of ASUS brand from Taiwan. The net profit was posted at Yen 119 million,
compared with Yen 136 million a year ago.
.
For the current term
ending Dec 2011 the net profit is projected at Yen 120 million, on a 3% rise in
turnover, to Yen 2,000 million.
Demand/orders are seen growing.
The financial
situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 46.8
million, on 30 days normal terms. The
proposed amount for 30 day terms is considered within the firm’s financial
capacities.
REGISTRATION
Date Registered: Feb 1996
Regd No.: (Tokyo-Bunkyoku) 002911
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 1,600
shares
Issued: 400 shares
Sum: Yen 20 million
Major shareholders (%):
Shunsei Rai (60), Hosei Kyu (25), Hokyo Kaku (15)
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales server systems, RAID sub-systems,
motherboards, memory, chassis, their peripherals & accessories, as import
agent for Supermicro Corporation (USA) (--100%).
Offers technical
support, system consulting, and other related services.
Clients: [Mfrs, wholesalers] Forks Inc, Nippon Computing System, NTT Data
Corp, KSG Company, Yasukawa Electric Corp, Logitec INA solutions, other
No. of accounts: 300
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs, wholesalers] Supermicro Corp (50%), ASUS Tek Computer Inc, KK
Lamtec, Peta Store, Maxtronic International, other
Payment record: Regular
Location: Business area in Tokyo. Office
premises at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Hongo)
Mizuho
Bank (Hongo)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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31/12/2011 |
31/12/2010 |
31/12/2009 |
31/12/2008 |
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Annual
Sales |
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2,000 |
1,948 |
1,826 |
2,150 |
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Recur.
Profit |
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Net
Profit |
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120 |
119 |
136 |
141 |
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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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474 |
391 |
296 |
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Capital,
Paid-Up |
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20 |
20 |
20 |
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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 |
2.67 |
6.68 |
-15.07 |
26.47 |
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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 |
6.00 |
6.11 |
7.45 |
6.56 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/12/2011 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.44.91 |
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UK Pound |
1 |
Rs.72.90 |
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Euro |
1 |
Rs.64.48 |
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.