MIRA INFORM REPORT

 

 

Report Date :           

18.10.2011

 

IDENTIFICATION DETAILS

 

Name :

DENSHI TRADE CO LTD

 

 

Registered Office :

Esquire Hamadayaam bldg, 4-12-1 Hamadayama Suginamiku Tokyo 168-0065

 

 

Country :

Japan

 

 

Financials (as on) :

31.07.2011

 

 

Date of Incorporation :

November 1993

 

 

Com. Reg. No.:

(Tokyo-Suginamiku) 004595

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, Export, Wholesale of electronic products & components 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

Yen 4.8 Million

Status :

Small Company 

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 – 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

 

DENSHI TRADE CO LTD

 

 

REGD NAME

 

Denshi Tsuho KK

 

 

MAIN OFFICE

 

Esquire Hamadayaam bldg, 4-12-1 Hamadayama Suginamiku Tokyo 168-0065, JAPAN

Tel: 03-5377-3638      Fax: 03-5377-4890

                                               

URL:                             http://www.denshi-trade.co.jp

E-Mail address:            info@denshi-trade.co.jp

 

 

ACTIVITIES  

 

Import, export, wholesale of electronic products & components 

 

 

BRANCHES

 

Nil

 

 

FACTORIES

 

(subcontracted)

 

 

OFFICERS

 

NOBUMASA YAMADA, PRES              

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY    

 

FINANCES                    FAIR                             A/SALES          Yen 260 M

PAYMENTS                  REGULAR                     CAPITAL           Yen 30 M

TREND             SLOW                          WORTH            Yen 65 M

STARTED                     1993                             EMPLOYES      13

 

 

COMMENT

 

TRADING FIRM SPECIALIZING N ELECTRONIC PRODUCTS & COMPONENTS.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT ENGAGEMENTS: US$50,000 / O/A 30 DAYS.

                       

MAX CREDIT LIMIT: YEN 4.8 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Nobumasa Yamada in order to make most of his experience in the subject line of business.  This is a trading firm specializing in electronic products & components.  Products are both imported and exported.  Clients include electronics makers, wholesalers, other.

 

 

FINANCIAL INFORMATION

           

Financial are only partially disclosed.

 

The sales volume for Jul/2010 fiscal term amounted to Yen 260 million, a similar amount in the previous term.  The net profit was posted at Yen 2 million, similarly in a year ago.

 

For the current term that ended Jul 2011 the net profit was projected at Yen 3 million, on a 4% rise in turnover, to Yen 270 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 4.8 million, on 30 days normal terms.

The proposed amount is considered within the firm’s financial capacities.

 

REGISTRATION

 

Date Registered:  Nov 1993

Rags No.:         (Tokyo-Suginamiku) 004595

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         2,400 shares

Issued:             600 shares

Sum:                   Yen 30 million

Major shareholders (%): Nobumasa Yamada (100)

 

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

           

Activities: Imports, exports and wholesale of electronic products & components: thermoelectric cooling module, switching power supply, AC adapter. DC/AC inverters. DC fans, LED/LCD electronics, IC sockets, connectors, cord bushing, solar panels, polymide tape, other (--100%)/

 

Clients: [Mfrs, wholesalers] Yokogawa Electric Corp, Hioki Electronic Corp, Yupiteru Corp, Otsuka Electronics Corp, other

            No. of accounts: 300

            Domestic areas of activities: Centered in greater-Tokyo

 

Suppliers: [Mfrs, wholesalers] Seconic Corp, Technos Corp, Hanaki Shoji, Achiles Corp other.

 

Payment record: Regular

 

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

 

Bank References:

·         Mizuho Bank (Hamadayama)

·         MUFG (Eifukucho)

Relations: Satisfactory

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/07/2011

31/07/2010

31/07/2009

31/07/2008

Annual Sales

　

270

260

260

270

Recur. Profit

　

　

　

　

　

Net Profit

　

3

2

2

3

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

65

63

61

Capital, Paid-Up

　

　

30

30

30

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.85

0.00

-3.70

8.00

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

1.11

0.77

0.77

1.11

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/07/2011 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.89

UK Pound

1

Rs.77.31

Euro

1

Rs.67.79

 

 

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.