MIRA INFORM REPORT

 

 

Report Date :           

25.10.2011

 

IDENTIFICATION DETAILS

 

Name :

PRODESK CO LTD

 

 

Registered Office :

12-1 Hatoyamamachi Kazo City Saitama-Pref 347-0019

 

 

Country :

Japan

 

 

Financials (as on) :

31.07.2011

 

 

Date of Incorporation :

July 1999

 

 

Com. Reg. No.:

(Saitama-Kazo) 032662

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer  of clean room suit, gloves, fabrics

 

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 :

US$50,000

 

 

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

 

PRODESK CO LTD

 

 

REGD NAME 

 

KK Prodesk

 

 

MAIN OFFICE

 

12-1 Hatoyamamachi Kazo City Saitama-Pref 347-0019 JAPAN

Tel: 0480-67-0215     Fax: 0480-67-0216

 

URL:                 N/A      

 

 

ACTIVITIES  

 

Mfg of clean room suit, gloves, fabrics

 

 

BRANCHES

 

Nil

 

 

FACTORIES  

 

At the caption address

 

 

OFFICER(S)  

 

KEN’ICHI KASAHARA, PRES

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY    

 

FINANCES        R/WEAK           A/SALES          Yen 128 M

PAYMENTS      REGULAR         CAPITAL           Yen 10 M

TREND SLOW              WORTH            Yen 32 M

STARTED         1999                 EMPLOYES      2

 

 

COMMENT

 

MFR OF CLEAN-ROOM SUITS, GLOVES, OTHER. 

 

FINANCIAL SITUATION CONSIDERED RATHER WEAK AND DOUBTFUL FOR CREDIT ENGAGEMENTS: US$50,000 / O/A 30 DAYS

 

MAX CREDIT LIMIT: YEN 3.0 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Ken’ichi Kasahara in order to make most of his experience in the subject line of business.  This is a family-based specialized mfr of clean-room products: anti-dust suits, gloves, masks, fingerstall, other.  Clients include semiconductor mfrs, food processors, pharmaceuticals, medical, other.

 

 

FINANCIAL INFORMATION

 

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

 

The sales volume for Jul/2010 fiscal term amounted to Yen 128 million, a 4% up from Yen 123 million in the previous term.  Economic activities came back after affected by the global economic downturn, although at a slow pace.  The net profit was posted at Yen 1 million, similarly in the previous period.

 

For the term that ended Jul 2011 the net profit was projected at Yen 1 million, on a 2% rise in turnover, to Yen 130 million.  Final results are yet to be released. 

           

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.  The proposed amount, however, is considered TOO HIGH from the recent financial status.  Max credit limit is estimated at Yen 3.0 million, on 30 days normal terms. 

 

 

REGISTRATION

 

Date Registered:  Jul 1999

Regd No.:        (Saitama-Kazo) 032662

Legal Status:   　Limited Company (Kabushiki Kaisha)

Authorized:      　800 shares

Issued:             　200 shares

Sum:                　Yen 10 million

Major shareholders (%): Ken’ichi Kasahara (100)

 

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

 

Activities: Manufactures clean room products: dust-proof suits, nitrile gloves, latex gloves, electrostatic fingerstall, other (--100%)

 

Clients: [Mfrs, wholesalers] Tateishi Filter, Japan Apparel Service, Mataichi Hirose Co, Atom Kousan Corp, Nippon CR Products, other

            No. of accounts: 300

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Dunlop Home Products, Mitsu-Uma Co, YKK Fastening Products Sales, Asoya, other.

 

Payment record: Regular

 

Location: Business area in Kazo City, Saitama-Pref.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:

SMBS (Kasukabe)

Saitama Resona Bank (Washinomiya)

Relations: Satisfactory

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/07/2011

31/07/2010

31/07/2009

31/07/2008

Annual Sales

　

130

128

123

146

Recur. Profit

　

　

　

　

　

Net Profit

　

1

1

1

2

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

32

31

30

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

1.56

4.07

-15.75

-13.61

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

0.77

0.78

0.81

1.37

 

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.49.87

UK Pound

1

Rs.79.73

Euro

1

Rs.69.52

 

 

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.