MIRA INFORM REPORT
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Report Date : |
18.11.2011 |
IDENTIFICATION DETAILS
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Name : |
TECHNOPORT LTD |
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Registered Office : |
Sun Bridge Bldg 2F, 1-26-6 Yanagibashi
Taitoku Tokyo 111-0052 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
May 1993 |
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Com. Reg. No.: |
(Tokyo-Taitoku) 022351 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale
of scientific machinery/equipment, optical measuring devices |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
Yen 2.6 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 – September 30th, 2011
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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
TECHNOPORT LTD
REGD NAME
KK Technoport
MAIN OFFICE
Sun Bridge Bldg
2F, 1-26-6 Yanagibashi Taitoku Tokyo 111-0052 JAPAN
Tel:
03-5825-3557 Fax: 03-5825-3558
URL: http://www.technoport-jp.com
E-Mail address: inform@technopost-jp.com
ACTIVITIES
Import, wholesale of scientific machinery/equipment, optical measuring devices
BRANCHES
Katsuikaku,
Tokyo (Distribution center)
OFFICERS
NOBUO
YOSHIDA, PRES
Hideki
Yoshida, dir
Hironobu
Kodaka, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 221 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen
11 M
STARTED 1993 EMPLOYES 7
COMMENT
TRADING
FIRM SPECIALIZING IN SCIENTIFIC INSTRUMENTS.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE
GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 2.6
MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The
subject company was established by Nobuo Yoshida in order to make most of his
experience in the subject line of business.
This is a trading firm for import and wholesale of scientific instruments:
vacuum systems/machinery/equipment and parts, optical measuring instruments,
other, acting as import agent for 10 overseas makers (See OPERATION). Goods are
imported from these makers in USA, UK, Germany, Switz, Taiwan, Poland,
other. Domestic clients include
universities, public laboratories, other.
FINANCIAL INFORMATION
The
sales volume for Mar/2011 fiscal term amounted to Yen 21 million, a 6% up from
Yen 188 million in the previous term.
Market revived. Imports
increased. Clients networks
expanded. The net profit was posted at
Yen 5 million, compared with Yen 1 million a year ago.
For
the current term ending Mar 2012 the net profit is projected at Yen 6 million,
on a 4% rise in turnover, to Yen 230 million.
Business is seen expanding steadily.
The
financial situation is considered RATHER WEAK but should be good for MODERATE
business engagements. Max credit limit
is estimated at Yen 2.6 million, on 30 days normal terms.
REGISTRATION
Date Registered: May 1993
Regd No.: (Tokyo-Taitoku) 022351
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
800 shares
Issued: 200
shares
Sum: Yen 10 million
Major shareholders (%): Nobuo Yoshida (80), Tadashi
Kishimoto (20)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and
wholesales scientific instruments: vacuum system, vacuum machinery/equipment,
optical measuring equipment, their parts & components (--100%).
Import Agent for: Instrument
Technology, GL Automation, UHV Design, Mantis (--UK), Vacom (Germany), Walesh
Electronics (Switz), King Lai (Taiwan), Semiconsoft Inc (USA), Pravac (Poland),
other
Clients: [Mfrs,
wholesalers] Universities/public Laboratory Agency (--45%), T-Support Corp,
ULVAC Inc, ULVAC-PHI Inc, Techno Nishimura Co, Kitano Seiki Co, other
No. of accounts: 200
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Instrument Technology (50%), UHV Design, Vacom, Kitano Seiki Co,
Yoshikawa Corp, JR Bustech, Hakuto Co, other
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
MUFG
(Ueno)
Asahi
Shinkin Bank (Toyoshimacho)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/03/2011 |
31/03/2010 |
31/03/2009 |
31/03/2008 |
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Annual
Sales |
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221 |
188 |
177 |
194 |
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Recur.
Profit |
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1 |
1 |
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Net
Profit |
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5 |
1 |
1 |
1 |
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Total
Assets |
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120 |
123 |
126 |
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Current
Assets |
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118 |
121 |
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Current
Liabs |
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62 |
80 |
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Net
Worth |
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11 |
6 |
5 |
5 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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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 |
17.55 |
6.21 |
-8.76 |
-97.27 |
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Current Ratio |
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.. |
190.32 |
151.25 |
.. |
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N.Worth Ratio |
.. |
5.00 |
4.07 |
3.97 |
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R.Profit/Sales |
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.. |
0.53 |
0.56 |
.. |
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N.Profit/Sales |
2.26 |
0.53 |
0.56 |
0.52 |
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Notes:
Resulted figures for the 31/03/2011 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.50.72 |
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UK Pound |
1 |
Rs.79.88 |
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Euro |
1 |
Rs.68.64 |
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.