MIRA INFORM REPORT

 

 

Report Date :           

19.11.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

AB TECH CO LTD

 

 

Registered Office :

Kimura Bldg 2F, 6-35-14 Kamata Ohtaku Tokyo 144-0051

 

 

Country :

Japan 

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

January 1997

 

 

Com. Reg. No.:

(Tokyo-Ohtaku) 001878

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of industrial electrical machinery & equipment

 

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 6.3 Million

Status :

Satisfactory

Payment Behaviour :

No Complaints

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

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

AB TECH CO LTD

 

 

REGD NAME

 

Ebitekku KK

 

 

MAIN OFFICE

 

Kimura Bldg 2F, 6-35-14 Kamata Ohtaku Tokyo 144-0051 JAPAN

Tel: 03-3735-1036      Fax: 03-2735-6072

                                               

URL:                             http://www.ab-tech.co.jp

E-Mail address:            (thru the URL)

 

 

ACTIVITIES

 

Import, wholesale of industrial electrical machinery & equipment

 

 

BRANCHES   

 

Nil

 

 

FACTORIES

 

(subcontracted)

 

 

OFFICERS

 

ISAMU EBISAWA, PRES

Yukio Ushiyama, dir

Shigeko Ebisawa, dir                 

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY

 

FINANCES                    FAIR                             A/SALES          Yen 346 M

PAYMENTS                  REGULAR                     CAPITAL           Yen 10 M

TREND             SLOW                          WORTH            Yen 74 M

STARTED                     1997                             EMPLOYES      3

 

 

COMMENT    

 

TRADING FIRM SPECIALIZING IN INDUSTRIAL ELECTRICAL MACHINERY.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS BUT DOUBTFUL FOR CREDIT ENGAGEMENTS: US$200,000 / O/A 30 DAYS.

                       

MAX CREDIT LIMIT: YEN 6.3 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established originally in 1974 by Isamu Ebisawa in order to import industrial electrical equipment, on his account, and was incorporated in 1997.  This is a family-based trading firm specializing in import and wholesale of industrial electrical machinery & apparatus, their parts & attachments.  Goods are imported from Taiwan, other.  

 

 

FINANCIAL INFORMATION

           

Financial are only partially disclosed as is the case with family-based companies.

 

The sales volume for Dec/2010 fiscal term amounted to Yen 346 million, a 50% up from Yen 231 million in the previous term.  Sales leaped as one large mfr was added as new client.  The net profit was posted at Yen 14 million, compared with Yen 9 million a year ago.

 

For the current term ending Dec 2011 the net profit is projected at Yen 15 million, on a 4% rise in turnover, to Yen 360 million.  Business is steadily expanding. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  The proposed amount, however, is considered TOO HIGH from the recent financial status.  Max credit limit is estimated at Yen 6.3 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Jan 1997

Regd No.:         (Tokyo-Ohtaku) 001878

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800 shares

Issued:                200 shares

Sum:                   Yen 10 million

 

Major shareholders (%): Isamu Ebisawa (100)

 

Related Companies: None

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

           

Activities: Imports and wholesales industrial electrical machinery & apparatus, their parts & components: power supply, adapters, battery chargers, other (--100%)

 

Clients: [Mfrs, wholesalers] Yamada Electric Ind, HIOS Inc, Koshin Ltd, SUNWA Ltd, Uniden Corp, Hitachi Living Supply, France Bed Co, HIOS Inc, other

            No. of accounts: 300

            Domestic areas of activities: Centered in greater-Tokyo

Suppliers: [Mfrs, wholesalers] EP Ace Co, Honkwang Electric Co, Freerider Corp, LI-DIANN Enterprise Co, High Power Tech Inc, Mitra Electronics Ind, Sinpo Electronics Inc, Shinden Co, other

Imports from Taiwan, other

 

Payment record: Regular

 

Location: Business area in Tokyo.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

MUFG (Kamata-Ekimae)

Relations: Money deposits & transfers only

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/12/2011

31/12/2010

31/12/2009

31/12/2008

Annual Sales

　

360

346

231

303

Recur. Profit

　

　

　

　

　

Net Profit

　

15

14

9

10

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

74

60

51

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

4.05

49.78

-23.76

19.76

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

4.17

4.05

3.90

3.30

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/12/2011 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.35

UK Pound

1

Rs.80.97

Euro

1

Rs.68.26

 

 

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%)

 

 

 

 

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.