MIRA INFORM REPORT
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Report Date : |
15.10.2011 |
IDENTIFICATION DETAILS
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Name : |
THALES JAPAN KK |
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Registered Office : |
Akasaka Tameike Tower 8F, 2-17-7 Akasaka
Minatoku Tokyo 107-0052 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
February 1993 |
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Com. Reg. No.: |
(Tokyo-Minatoku) 057023 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale
of electronics devices, medical electronic tubes |
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 31.5 Million |
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Status : |
Poor |
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Payment
Behaviour : |
Unknown |
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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
THALES JAPAN KK
REGD NAME
Thales Japan KK
MAIN OFFICE
Akasaka Tameike
Tower 8F, 2-17-7 Akasaka Minatoku Tokyo 107-0052 JAPAN
Tel: 03-6234-8180 Fax: 03-6234-8181
URL: http://www.thales-esecurity.com
E-Mail address: jpnsales@thales-esecurity.com
ACTIVITIES
Import,
wholesale of electronics devices, medical electronic tubes
BRANCHES
Nil
OFFICERS
JAN L MORROW,
PRES (Phonetically spelled)
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 1,719 M
PAYMENTS REGULAR CAPITAL Yen 50 M
TREND SLOW WORTH Yen
1 M
STARTED 1993 EMPLOYES 45
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN ELECTRONICS DEVICES, WHOLLY OWNED BY THALES ASIA HOLDINGS
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 31.5 MILLION, 30 DAYS NORMAL TERMS. WE RECOMMEND SECURED TERMS ON NEW CREDITS AND TRANSACTIONS.
HIGHLIGHTS
The subject company was established by Thales USA as its Japan marketing office. This is a trading firm specializing in importing and wholesaling of electronics device: circuit lines coding, hardware security module, encryption manager for storage, other. Goods are all imported from US parent and its group firms. Clients include telecommunication firms, electronics mfrs, other.
FINANCIAL INFORMATION
Financial are only partially disclosed.
The sales volume for Dec/2010 fiscal term amounted to Yen 1,719 million, an 11% down from Yen 1,922 million in the previous term. The operations plunged into the red to register Yen 120 million net losses for the term. This is referred to the merging costs and expenses of group subsidiaries. This compares with Yen 6 million net profits a year ago.
For the current term ending Dec 2011 the operations are projected to come back to profitability to post Yen 10 million net profit, on a 5% rise in turnover, to Yen 1,800 million.
The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 31.5 million, on 30 days normal terms. We recommend secured terms on new credits and transactions.
REGISTRATION
Date Registered: Feb 1993
Rags No.: (Tokyo-Minatoku) 057023
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
1,000 shares
Issued:
1,000 shares
Sum: Yen 50 million
Major shareholders (%): Thales Asia Holdings (100)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales electronic devices: circuit lines coding, hardware security module, encryption manager for storage, other (--100%)
Clients: [Mfrs, wholesalers] Thales (50%), KDDI, Hitachi Medico, Toshiba Corp, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Thales (50%), Toshiba Corp, Yokogawa Electric Corp, other
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
· MUFG (Kojimachi-Chuo)
· SMBC (Kojimachi)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/12/2011 |
31/12/2010 |
31/12/2009 |
31/12/2008 |
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Annual
Sales |
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1,800 |
1,719 |
1,922 |
2,290 |
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Recur.
Profit |
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Net
Profit |
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10 |
-120 |
6 |
-4 |
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Total
Assets |
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N/A |
943 |
N/A |
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Net
Worth |
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1 |
121 |
115 |
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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 |
4.71 |
-10.56 |
-16.07 |
5.24 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
12.83 |
.. |
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N.Profit/Sales |
0.56 |
-6.98 |
0.31 |
-0.17 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/12/2011 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.49.07 |
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UK Pound |
1 |
Rs.77.42 |
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Euro |
1 |
Rs.67.72 |
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.