MIRA INFORM REPORT
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Report Date : |
25.11.2011 |
IDENTIFICATION DETAILS
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Name : |
OWLTECH CORPORATION |
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Registered Office : |
5-24-1 Nakashinden Ebina Kanagawa-Pref
243-0422 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
April 1992 |
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Com. Reg. No.: |
(Kanagawa-Ebina) 026741 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer, Import, Export, Wholesale of PC’s & peripherals |
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No. of Employees
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40 Persons |
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 28.5 Million |
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Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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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
OWLTECH CORPORATION
REGD NAME
KK Owltech
Corporation
MAIN OFFICE
5-24-1 Nakashinden
Ebina Kanagawa-Pref 243-0422 JAPAN
Tel:
046-236-3520 Fax: 046-236-3521
E-Mail address: (thru the URL)
ACTIVITIES
Mfg, import,
export, wholesale of PC’s & peripherals
BRANCHES
Nil
FACTORIES
At the
caption address
OFFICERS
TOMOHIKO
TOONISHI, PRES
Haruo
Shoji, dir
Teruko
Shoji, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,560 M
PAYMENTS REGULAR CAPITAL Yen 50 M
TREND SLOW WORTH Yen
316 M
STARTED 1992 EMPLOYES 40
COMMENT
MFR OF PC & PERIPHERALS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS BUT DOUBTFUL FOR: US$500,000 /
O/A 30 DAYS
MAX
CREDIT LIMIT: YEN 28.5 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Tomohiko Toonishi in order to make most of his experience in the subject line of business. This is a trading firm, with mfg division, for import, export and wholesale of PC’s & peripherals. The firm belongs to no group and with no subsidiaries. This is, however, a major agent dealership of Mitsumi Electric Co Ltd (see REGISTRATION), but no capital tie-ups. Clients include electronics makers, wholesalers, other, nationwide.
FINANCIAL INFORMATION
Financial are only partially disclosed.
The sales volume for Mar/2011 fiscal term amounted to Yen 1,560 million, a 3% up from Yen 1,530 million in the previous term. Demand revived. Exports were robust. The net profit was posted at Yen 30 million, compared with Yen 29 million a year ago.
For the current term ending Mar/2012 the net profit is projected at Yen 30 million, on a 3% rise in turnover, to Yen 1,630 million. Business is seen expanding steadily.
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 28.5 million, on 30 days normal terms.
REGISTRATION
Date Registered: Apr 1992
Regd No.: (Kanagawa-Ebina) 026741
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
4,000 shares
Issued:
1,000 shares
Sum: Yen 50
million
Major shareholders (%): Tomohiko Tonishi (65), Haruo
Shoji (35)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
*.. Mitsumi Electric Co Ltd, a leading comprehensive electronic parts mfr with mechanical parts & computer peripheral equipment as mainline, Tokyo, founded 1949, capital Yen 39,890 million, sales Yen 187,418 million, operating loss Yen 5,020 million, recurring loss Yen 6,387 million, net losses Yen 3,541 million, total assets Yen 177,431 million, net worth Yen 134,346 million, employees 40,837, pres Shigeru Moribe
OPERATION
Activities: Imports, exports, manufactures and wholesales PC’s & peripherals (--100%).
(PC peripherals): PC case, drive case, mobile rack, power supply unit, card reader writer, mobile phones, keyboard, case fan, CPU cooler, video games, cables, cartridges, earphones, other.
Clients: [Mfrs, wholesalers] Yamada Denki Co, Yodobashi Camera, Bic Camera, Sofmap Co, Daiwabo Information System, PC Depot Corp, Amazon.com. Inc, K’s Denki Corp, SoftBank BB, Edion Corp, Goodwill Co, Third Wave Corp, Systena Corp, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Mitsumi Electric Co, Sanyo Electric Co, Toshiba Corp, Sea Sonic Electronics, Chenbro Micom, Chieftech Industrial, Delta Electronics, FSP, Lian-Li Industry, LG Electronics Japan, TEAC Corp, other
Payment record: Regular
Location: Business area in Ebina, Kanagawa-Pref. Office premises at the caption address are owned and maintained satisfactorily.
Bank References:
· Bank of Yokohama (Atsugi)
· Mizuho Bank (Atsugi)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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1,630 |
1,587 |
1,536 |
2,024 |
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Recur.
Profit |
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Net
Profit |
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30 |
30 |
29 |
41 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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316 |
311 |
282 |
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Capital,
Paid-Up |
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50 |
50 |
50 |
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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 |
2.71 |
3.32 |
-24.11 |
-16.64 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
1.84 |
1.89 |
1.89 |
2.03 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) 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.52.25 |
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UK Pound |
1 |
Rs.81.23 |
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Euro |
1 |
Rs.69.83 |
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.