MIRA INFORM REPORT

 

 

Report Date :           

29.03.2011

 

IDENTIFICATION DETAILS

 

Name :

AIM ELECTRONICS CO LTD

 

 

Registered Office :

1353 Isobe Minamiku Sagamihara Kanagawa-Pref 252-0327

 

 

Country :

Japan

 

 

Financials (as on) :

30.09.2010

 

 

Date of Incorporation :

October 1983

 

 

Com. Reg. No.:

(Kanagawa-Sagamihara) 011400

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer of telecommunication cables, optical cables

 

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 15.1 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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

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

 

AIM ELECTRONICS CO LTD

 

 

REGD NAME 

 

Aim Denshi KK

 

 

MAIN OFFICE

 

1353 Isobe Minamiku Sagamihara Kanagawa-Pref 252-0327 JAPAN

Tel: 046-253-6299     Fax: 046-256-5851

URL:                 www.aim-ele.co.jp

E-mail:             info@aim-ele.co.jp          

 

 

ACTIVITIES  

 

Mfg of telecommunication cables, optical cables

 

 

BRANCHES   

 

Nil

 

 

FACTORIES  

 

At the caption address

 

 

OFFICER(S)  

 

TETSUJI NAKAYAMA, PRES

Hiroaki Matsushima, dir

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY    

 

FINANCES        FAIR                 A/SALES          Yen 740 M

PAYMENTS      REGULAR         CAPITAL           Yen 20 M

TREND             STEADY           WORTH            Yen 171 M

STARTED         1983                 EMPLOYES      32

 

 

COMMENT    

 

MFR OF TELECOMMUNICATION CABLES. 

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS

 

MAX CREDIT LIMIT: YEN 15.1 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Tetsuji Nakayama in order to make most of his experience in the subject line of business.  This is a specialized mfr of telecommunication cables: optical fiber cables, camera cables, LAN cables, audio cables, storage cables, other.  Goods are also exported.  Clients include telecommunication firms, mfrs, other.

 

 

FINANCIAL INFORMATION

 

The sales volume for Sept/2010 fiscal term amounted to Yen 740 million, a 21% up from Yen 613 million in the previous term.  Exports were robust.  The recurring profit was posted at Yen 39 million and the net profit at Yen 6 million, respectively, compared with Yen 9 million recurring profit and Yen 5 million net profit, respectively, a year ago.  .

 

For the current term ending Sept 2011 the recurring profit is projected at Yen 40 million and the net profit at Yen 6 million, respectively, on an 8% rise in turnover, to Yen 800 million. 

           

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 15.1 million, on 30 days normal terms. 

 

 

REGISTRATION

 

Date Registered:  Oct 1983

Regd No.:            (Kanagawa-Sagamihara) 011400

Legal Status:   　Limited Company (Kabushiki Kaisha)

Authorized:      　800 shares

Issued: 　          200 shares

Sum:                　Yen 20 million

 

Major shareholders (%): Tetsuji Nakayama (66), Eiji Nakayama (25), Masafumi Nakayama (5)

 

No. of shareholders: 5

           

othing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

 

Activities: Manufactures telecommunication cables: optical device products, optical cables & accessories, camera link cables, LAN cables, serial cables, audio cables, ISDN cables, KVM switches, others (--100%).

 

Clients: [Mfrs, wholesalers] Sanwa Supply, Toshiba Solution, Net One Systems, Sun Telephone, other

            No. of accounts: 500

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Chant Sincere, TR Associates, Tyco Electronics, Bando Densen Co, Hitachi Densen Shoji, other

 

Payment record: Regular

 

Location: Business area in Sagamihara City, Kanagawa-Pref.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:

MUFG (Machida)

Shoko Chukin Bank (Hachioji)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

       Terms Ending:

30/09/2011

30/09/2010

30/09/2009

30/09/2008

Annual Sales

　

800

740

613

778

Recur. Profit

　

40

39

9

　

Net Profit

　

6

6

5

9

Total Assets

　

　

527

502

519

Current Assets

　

　

437

414

　

Current Liabs

　

　

63

38

　

Net Worth

　

　

171

165

159

Capital, Paid-Up

　

　

20

20

20

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

8.11

20.72

-21.21

4.43

    Current Ratio

 

..

693.65

1,089.47

..

    N.Worth Ratio

..

32.45

32.87

30.64

    R.Profit/Sales

 

5.00

5.27

1.47

..

    N.Profit/Sales

0.75

0.81

0.82

1.16

    Return On Equity

..

3.51

3.03

5.66

 

Notes: Forecast (or estimated) figures for the 30/09/2011 fiscal term. 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.78

UK Pound

1

Rs.71.64

Euro

1

Rs.62.96

 

 

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

 

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.