MIRA INFORM REPORT
|
Report Date : |
09.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
KONICA MINOLTA IJ TECHNOLOGIES INC |
|
|
|
|
Registered Office : |
1 Sakuramachi
Hino Tokyo-Metrop 191-0063 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
November 2004 |
|
|
|
|
Com. Reg. No.: |
(Tokyo-Hino) 004284 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Manufacturer of ink jet printers |
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 300.1 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 – 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
KONICA MINOLTA IJ TECHNOLOGIES INC
REGD NAME
Konica Minolta IJ
KK
MAIN OFFICE
1 Sakuramachi Hino
Tokyo-Metrop 191-0063 JAPAN
Tel: 042-589-3700 Fax: 042-589-3865
URL: http//:www.konicaminolta.jp/inkjethead
E-mail: (thru the URL)
ACTIVITIES
Mfg of
ink jet printers
BRANCHES
Nil
FACTORIES
At the
caption address
OFFICER(S)
AKIYOSHI
OHNO, PRES
Tawara
Komamura, dir
Kazuyoshi
Hata, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 8,400 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen
3,939 M
STARTED 2004 EMPLOYES 176
COMMENT
MFR OF
INKJET PRINTERS & ACCESSORIES, WHOLLY OWNED BY MINOLTA HOLDINGS INC.
FINANCIAL SITUATION CONSIDERED
FAIR AND ^GOOD FOR CREDIT ENGAGEMETNS: US$200,000 / O/A 60 DAYS
MAX
CREDIT LIMIT: YEN 300.1 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established on the basis of inkjet printer division separated from Minolta Holdings Inc (See REGISTRATION). This is a specialized mfr of inkjet printer in the main, ink jet head, inkjet ink, other. Goods are exported.
FINANCIAL INFORMATION
The sales volume for Mar/2010 fiscal term amounted to Yen 8,400 million, a 6% up from Yen 7,900 million in the previous term. Export demand was brisk from China and other S/E Asian countries, which more than offset the loss from the high Yen. The net profit was posted at Yen 631 million, compared with Yen 574 million a year ago. .
For the term that ended Mar 2011 the net profit was projected at Yen 650 million, on a 5% rise in turnover, to Yen 8,800 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 300.1 million, on 30 days normal terms. The proposed amount for 60 days terms is considered well within the firm’s financial capacities.
REGISTRATION
Date Registered: Nov 2004
Regd No.: (Tokyo-Hino) 004284
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800
shares
Issued: 200
shares
Sum: Yen 100 million
Major shareholders (%):
Konica Minolta Holdings Inc* (100)
*.. Holding company founded thru business combinations with Konica and Minolta in 2003, listed Tokyo S/E, capital Yen 37,519 million, sales Yen 804,465 million, operating profit Yen 43,988 million, recurring profit Yen 40,818 million, net profit Yen 16,931 million, total assets Yen 865,797 million, net worth Yen 420,775 million, employees 35,714, pres Masatoshi Matsuzaki
Consolidated Financials are attached (See SUPPLEMENTS)
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures inkjet printer/systems, inkjet print unit, inkjet head, inkjet ink, other (--100%).
Clients: [Mfrs, wholesalers] Seiko I Infotech Inc, Marubeni Techmatex, Olympus, other
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Sekonic Corp, Tokyo Printing Ink Mfg, Toyo Ink Mfg, other
Payment record: Regular
Location: Business area in Hino City, Tokyo-Metrop. Office premises at the caption address are owned and maintained satisfactorily.
Bank References:
MUFG
(Hachioji-Chuo)
SMBC
(H/O)
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
31/03/2011 |
31/03/2010 |
31/03/2009 |
31/03/2008 |
|
|
Annual
Sales |
|
8,800 |
8,400 |
7,900 |
7,800 |
|
Recur.
Profit |
|
|
|
|
|
|
Net
Profit |
|
650 |
631 |
484 |
574 |
|
Total
Assets |
|
|
6,737 |
5,461 |
|
|
Current
Assets |
|
|
5,883 |
4,499 |
|
|
Current
Liabs |
|
|
2,797 |
2,157 |
|
|
Net
Worth |
|
|
3,939 |
3,304 |
|
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.76 |
6.33 |
1.28 |
6.85 |
|
|
Current Ratio |
|
.. |
210.33 |
208.58 |
.. |
|
N.Worth Ratio |
.. |
58.47 |
60.50 |
.. |
|
|
R.Profit/Sales |
|
.. |
.. |
.. |
.. |
|
N.Profit/Sales |
7.39 |
7.51 |
6.13 |
7.36 |
|
|
Return On Equity |
.. |
16.02 |
14.65 |
.. |
|
Notes:
Financials are consolidated by the parent and disclosed only in digested form.
Forecast
(or estimated) figures for the 31/03/2011 fiscal term.
SUPPLEMENTS
CONSOLIDATED
FINANCIALS OF THE PARENT, KONICA MINOLTA HOLDINGS INC
|
FINANCES: (Consolidated
in million yen) |
|
|||||
|
|
|
Terms Ending: |
31/03/2010 |
31/03/2009 |
||
|
INCOME STATEMENT |
|
|
||||
|
|
Annual Sales |
|
804,465 |
947,843 |
||
|
|
Cost of Sales |
439,978 |
520,206 |
|||
|
|
GROSS PROFIT |
364,486 |
427,637 |
|||
|
|
Selling & Adm Costs |
320,498 |
371,376 |
|||
|
|
OPERATING PROFIT |
43,988 |
56,260 |
|||
|
|
Non-Operating P/L |
-3,170 |
-10,857 |
|||
|
|
RECURRING PROFIT |
40,818 |
45,403 |
|||
|
|
NET PROFIT |
16,931 |
15,179 |
|||
|
BALANCE SHEET |
|
|
|
|||
|
|
Cash |
|
85,533 |
85,753 |
||
|
|
Receivables |
|
177,720 |
171,835 |
||
|
|
Inventory |
|
98,263 |
129,160 |
||
|
|
Securities, Marketable |
79,000 |
48,000 |
|||
|
|
Other Current Assets |
48,737 |
70,171 |
|||
|
|
TOTAL CURRENT ASSETS |
489,253 |
504,919 |
|||
|
|
Property & Equipment |
205,057 |
227,860 |
|||
|
|
Intangibles |
|
99,074 |
111,623 |
||
|
|
Investments, Other Fixed Assets |
72,413 |
73,656 |
|||
|
|
TOTAL ASSETS |
865,797 |
918,058 |
|||
|
|
Payables |
|
83,118 |
87,105 |
||
|
|
Short-Term Bank Loans |
58,231 |
64,980 |
|||
|
|
|
|
|
|
||
|
|
Other Current Liabs |
125,964 |
158,804 |
|||
|
|
TOTAL CURRENT LIABS |
267,313 |
310,889 |
|||
|
|
Debentures |
|
40,000 |
40,000 |
||
|
|
Long-Term Bank Loans |
71,625 |
83,259 |
|||
|
|
Reserve for Retirement Allw |
54,245 |
57,962 |
|||
|
|
Other Debts |
|
11,839 |
11,663 |
||
|
|
TOTAL LIABILITIES |
445,022 |
503,773 |
|||
|
|
MINORITY INTERESTS |
|
|
|||
|
|
Common
stock |
37,519 |
37,519 |
|||
|
|
Additional
paid-in capital |
204,140 |
204,140 |
|||
|
|
Retained
earnings |
193,790 |
185,453 |
|||
|
|
Evaluation
p/l on investments/securities |
741 |
(513) |
|||
|
|
Others |
|
(13,672) |
(10,653) |
||
|
|
Treasury
stock, at cost |
(1,743) |
(1,662) |
|||
|
|
TOTAL S/HOLDERS` EQUITY |
420,775 |
414,284 |
|||
|
|
TOTAL EQUITIES |
865,797 |
918,058 |
|||
|
CONSOLIDATED CASH FLOWS |
|
|
||||
|
|
|
Terms ending: |
31/03/2010 |
31/03/2009 |
||
|
|
Cash
Flows from Operating Activities |
|
113,377 |
107,563 |
||
|
|
Cash Flows
from Investment Activities |
-40,457 |
-90,169 |
|||
|
|
Cash
Flows from Financing Activities |
-43,803 |
4,959 |
|||
|
|
Cash,
Bank Deposits at the Term End |
|
164,146 |
133,727 |
||
|
ANALYTICAL RATIOS Terms ending: |
31/03/2010 |
31/03/2009 |
||||
|
|
|
Net
Worth (S/Holders' Equity) |
420,775 |
414,284 |
||
|
|
|
Current
Ratio (%) |
183.03 |
162.41 |
||
|
|
|
Net
Worth Ratio (%) |
48.60 |
45.13 |
||
|
|
|
Recurring
Profit Ratio (%) |
5.07 |
4.79 |
||
|
|
|
Net Profit
Ratio (%) |
2.10 |
1.60 |
||
|
|
|
Return
On Equity (%) |
4.02 |
3.66 |
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.78 |
|
UK Pound |
1 |
Rs.73.43 |
|
Euro |
1 |
Rs.65.27 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.