MIRA INFORM REPORT
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Report Date : |
16.03.2011 |
IDENTIFICATION DETAILS
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Name : |
PRINCETON TECHNOLOGY LTD |
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Registered Office : |
Kai Bldg 3F, 3-9-5 Iwamotocho Chiyodaku |
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Country : |
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Financials (as on) : |
28.02.2011 |
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Date of Incorporation : |
Mar 1995 |
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Com. Reg. No.: |
(Tokyo-Chiyodaku) 028443 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of PC
peripherals |
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 54.4 Million |
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Status : |
Moderate |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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
PRINCETON TECHNOLOGY LTD
REGD NAME
MAIN OFFICE
Kai Bldg 3F, 3-9-5
Iwamotocho Chiyodaku
Tel:
03-3863-7131 Fax: 03-3863-3451
URL: http://www.princeton.co.jp/
E-Mail address: (thru
the URL)
ACTIVITIES
Import,
wholesale of PC peripherals
BRANCHES
OFFICER(S)
TOSHIYA
NAKAIDE, PRES Takanori Asaishi, dir
Noriyuki
Usami dir Manabu
Kusano, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen
7,632 M
PAYMENTS REGULAR CAPITAL Yen
181 M
TREND SLOW WORTH Yen
345 M
STARTED 1995 EMPLOYES 128
COMMENT
IMPORTER OF PC PHERIPHERALS
FINANCIAL SITUATION CONSIDERED
FARI AND GOOD FOR CREDIT ENGAGEMENTS: US$50,000 / O/A 30 DAYS TERMS.
MAX
CREDIT LIMIT: YEN 54.4 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by Joji Ikeda in order
to make most of his experience in the subject line of business. This is a trading firm for import, export and
wholesale of PC & peripherals. Goods
are imported from
FINANCIAL INFORMATION
The firm stopped disclosing full financials as from the 28/02/2010 fiscal term, except in digested form only.
The sales volume for Feb/2010 fiscal term amounted to Yen 7,632 million, an almost similar amount in the previous term. Demand increased for digital conference system, as reported. Exports were hurt by the high Yen in Yen terms. The recurring profit was posted at Yen 30 million, while the bottom line posted Yen 5 million net losses, compared with Yen 117 million recurring profit and Yen 39 million net profit, respectively, a year ago.
For the term that just ended Feb 2011 the recurring profit was projected at Yen 100 million and the net profit at Yen 40 million, respectively, on a 6% rise in turnover, to Yen 8,100 million. The 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 54.4 million, on 30 days normal terms. The proposed amount is considered well within the firm’s financial capacities.
REGISTRATION
Date Registered: Mar 1995
Regd No.: (Tokyo-Chiyodaku) 028443
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
6,240 million shares
Issued:
6,240 shares
Sum: Yen 181 million
Major shareholders (%): Company’s Treasury Stock (92),
Employees’ S/Holding Assn (5), Toshiya Nakaide (1),
Harutoshi Kaku (1), Tadashi Otaka (1)
No. of shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales PC & peripherals: Raid storage subsystem, memory module, media card, card reader/writer, USB flash memory, LCD & accessories, tablet, drive disk, drive storage, A/V accessories, PC converters, KVM switches, LAN cable, switching HUB, USB security key, Bluetooth adaptor, iPod-iPhone series (speaker, battery bag, remote controllers, transmitter, touch pen/stand, media card), digital conference systems, other related products (--100%).
Import agent for:
Clients: [Electronics mfrs, wholesalers] Soft Bank BB, Ricoh Co, Daiwabo Information System, Yodobashi Camera, Bic Camera, Canon System & Support, other
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Kingston Technology, ATE, Polycom Asia, Proware Technology, Chi Mei Corp, other.
Payment record: Regular
Location: Business area in
Bank References:
Mizuho
Bank (Kudan)
MUFG
(Kanda-Ekimae)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
28/02/2011 |
28/02/2010 |
28/02/2009 |
29/02/2008 |
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Annual
Sales |
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8,100 |
7,632 |
7,678 |
9,062 |
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Recur.
Profit |
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100 |
30 |
117 |
89 |
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Net
Profit |
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40 |
-5 |
39 |
41 |
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Total
Assets |
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3,127 |
3,753 |
3,982 |
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Current
Assets |
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2,775 |
3,365 |
3,448 |
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Current
Liabs |
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2,340 |
2,445 |
2,759 |
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Net
Worth |
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345 |
733 |
694 |
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Capital,
Paid-Up |
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181 |
181 |
181 |
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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 |
6.13 |
-0.60 |
-15.27 |
-6.58 |
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Current Ratio |
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.. |
118.59 |
137.63 |
124.97 |
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N.Worth Ratio |
.. |
11.03 |
19.53 |
17.43 |
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R.Profit/Sales |
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1.23 |
0.39 |
1.52 |
0.98 |
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N.Profit/Sales |
0.49 |
-0.07 |
0.51 |
0.45 |
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Return On Equity |
.. |
-1.45 |
5.32 |
5.91 |
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Notes: Financials are disclosed
only in digested form as from the 28/02/2010 fiscal term.
Forecast (or estimated) figures
for the 28/02/2011 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.45.15 |
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1 |
Rs.72.59 |
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Euro |
1 |
Rs.62.95 |
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 |
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.