MIRA INFORM REPORT

 

 

Report Date :           

08.09.2011

 

IDENTIFICATION DETAILS

 

Name :

HIGH-TECH CORPORATION

 

 

Registered Office :

Nakano F Bldg 6F, 4-44-18 Honcho Nakanoku Tokyo 164-0042

 

 

Country :

Japan

 

 

Financials (as on) :

31.08.2011

 

 

Date of Incorporation :

February 1989

 

 

Com. Reg. No.:

(Tokyo-Nakanoku) 004380

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of photoelectron devices, parts, components

 

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 15.3 Million

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct 

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

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

 

HIGH-TECH CORPORATION

 

 

REGD NAME

 

KK High-Tech

 

 

MAIN OFFICE

 

Nakano F Bldg 6F, 4-44-18 Honcho Nakanoku Tokyo 164-0042 JAPAN

                        Tel: 03-3229-7351     Fax: 03-3229-7361

 

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

E-Mail address: contact@high-tech.co.jp

 

 

ACTIVITIES

 

Import, wholesale of photoelectron devices, parts, components

 

 

BRANCHES   

 

Nil

 

 

OFFICER(S)

 

KATSUYUKI MINETA, PRES

Toshiaki Ikeda, dir

Seiji Tanaka, dir

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES                    FAIR                             A/SALES          Yen 828 M

PAYMENTS      REGULAR                     CAPITAL           Yen 31 M

TREND             SLOW                          WORTH            Yen 213 M

STARTED                     1989                             EMPLOYES      14

 

 

COMMENT    

 

IMPORTER AND WHOLESALER SPECIALIZING IN PHOTOELECTRON DEVICES. 

 

FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

 

MAX CREDIT LIMIT: YEN 15.3 MILLION, ON 30 DAYS NORMAL TERMS.

 

 

HIGHLIGHTS

 

The subject company was established by Toshiharu Nakahara jointly with Katsuyuki Mineta and Kimio Ishizaki in order to make most of their experiences in the subject line of business.  This is a specialized trading firm, owned by the three, for import and wholesale of optoelectronics devices, equipment parts & components (see OPERATION).  Goods are imported centrally from USA, other from Canada, Germany, France, China, etc.  Clients include telecom companies, scientific labs, universities, electronics makers, etc, nationwide.

 

 

FINANCIAL INFORMATION

 

The sales volume for Aug/2010 fiscal term amounted to Yen 828 million, a 12% down from Yen 943 million in the previous term, as affected by the global economic downturn, particularly in the first half of the term.  Demand declined substantially and slow to recover in the second half.  The net profit was posted at Yen 1 million, compared with Yen 2 million a year ago.

 

For the term that ended Aug 2011 the net profit was projected at Yen 2 million, on a 5% rise in turnover, to Yen 870 million.  Final results are yet to be released.

 

The financial situation is considered RATHER WEAK but should be good for MDOERATE to ORDINARY business engagements.  Max credit limit is estimated at Yen 15.3 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Feb 1989

Regd No.:         (Tokyo-Nakanoku) 004380

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         1,200 shares

Issued:                620 shares

Sum:                   Yen 31 million

Major shareholders (%): Toshiharu Nakahara (46), Katsuyuki Mineta (30), Kimio Ishizaki (24)

No. of shareholders: 3

 

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

 

 

OPERATION

 

Activities: Imports and wholesales optical networking-related, measurement-related, and microwave transmission-related devices, equipment, parts, components, other (--100%).

 

(Handling Items):

 

Optical Networking-related goods: optical switches, optical couplers, optical attenuators, optical modulators, optical isolators, optical filters, optical multi-plexors, optical amplifiers, other optical power detectors;

 

Measurement-related goods: High-speed pattern generators, error-analyzers, polarization modules, interrogation monitors, optical channel monitors, test equipment, fiber op0tic delivery systems, 8 way power dividers, various pulse generators, other;

 

Micro-Wave-related goods: phase delayers, optical modulators, driver amplifiers, ARZ to RZ converters, differential amplifiers, clock multipliers, level translators, high-speed logic gates, Bessel filters, broadband power amplifiers, other various attenuators & filters, etc.

 

Clients: [Telecommunications carriers, electronic mfrs, business firms] NTT, NTT Electronics, KDDI Lab, Central Glass, NEC, Fujitsu Ltd, Advantest Lab, Tokyo Univ, Osaka Univ, Tohoku Univ, Mitsubishi Electric, Tokyo Electric Powers, Furukawa Electric, Sumitomo Electric, Yokogawa Electric, Panasonic Corp, other.

 

            No. of accounts: 500

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Accelink, Agitron, Aragon Photonics, Broptics, Calmar Laser, Centellax Colby, Core Optics, Dowslake, EO Space, General Photonics, Gig Optix, Haphit, inPhenix, itf Labs, JGR Services, Keipsys, Lightel Technologies, Luna Technologies, Modulight, MPI, New Ridge Technologies, Nova Wave, OZ optics, Phase One Microwave, Solid State Solution, TeraXion, other

 

Payment record: Regular

 

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

 

Bank References:

·         SMBC (Nakano-Sakaue)

·         MUFG (Okubo)

Relations: Satisfactory

 

FINANCES

(In Million Yen)

 

Terms Ending:

 

31/08/2011

31/08/2010

31/08/2009

31/08/2008

Annual Sales

 

870

828

943

920

Recur. Profit

 

 

 

 

 

Net Profit

 

2

1

2

47

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

213

212

210

Capital, Paid-Up

　

　

31

31

31

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

5.07

-12.20

2.50

-5.54

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

0.23

0.12

0.21

5.11

 

 Notes: Forecast (or estimated) figures for the 31/08/2011 fiscal term.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.46.02

UK Pound

1

Rs.73.61

Euro

1

Rs.64.78

 

 

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.