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Report Date : |
14.04.2012 |
IDENTIFICATION DETAILS
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Name : |
PRINCETON TECHNOLOGY LTD |
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Registered Office : |
K.A.I. Bldg 3F, 3-9-5 Iwamotocho Chiyodaku |
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Country : |
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Financials (as on) : |
28.02.2011 |
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Date of Incorporation : |
March 1995 |
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Com. Reg. No.: |
0100-01-028443 (Tokyo-Chiyodaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of PC peripherals |
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No. of Employees : |
128 |
RATING & COMMENTS
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MIRAs Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 57.2 Million |
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Status : |
Satisfactory |
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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 March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
PRINCETON TECHNOLOGY LTD
REGD NAME: Princeton
Technology KK
MAIN OFFICE: K.A.I.
Bldg 3F, 3-9-5 Iwamotocho Chiyodaku
Tel:
03-3863-7131 Fax: 03-3863-3451
URL: http://www.princeton.co.jp/
E-Mail address: (thru
the URL)
Import, wholesale
of PC peripherals
Osaka, Fukuoka
TOSHIYA NAKAIDE,
PRES Takanori Asaishi, dir
Noriyuki Usami dir Manabu Kusano, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 6,485 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
181 M
TREND SLOW WORTH Yen 402 M
STARTED 1995 EMPLOYES 128
IMPORTER OF PC PHERIPHERALS
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR CREDIT ENGAGEMENTS: US$100,000 / O/A 30 DAYS TERMS.
MAX CREDIT LIMIT: YEN 57.2 MILLION, 30 DAYS
NORMAL TERMS.
The subject company was established by Joji
Ikeda in order to make most of his experience in the subject line of
business. This is a trading firm for
import, export and wholesale of PC & peripherals. Goods are imported from USA, Taiwan, other,
as import agent. As round of
restructuring, the firm closed In Dec 2009 its Nagoya, Sendai & Sapporo
branch offices, including executives reshuffle and staff cuts from 167 to 135
(now 128). Toshiya Nakaide took the pres
office in Nov 2009. Clients include
major electronics mfrs, wholesalers, other, nationwide.
The sales volume for Feb/2011 fiscal term
amounted to Yen 6,485 million, a 15% down from Yen 7,632 million in the
previous term. Demand decreased. Exports were hurt by the high Yen in Yen
terms. The recurring profit was posted
at Yen 74 million and the net profit at Yen 56 million, respectively, compared
with Yen 30 million recurring profit and Yen 5 million net losses,
respectively, a year ago.
For the term that ended Feb 2012 the
recurring profit was projected at Yen 80 million and the net profit at Yen 60
million, respectively, on a 3% rise in turnover, to Yen 6,700 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 57.2 million, on 30 days normal
terms. The proposed amount is considered
well within the firms financial capacities.
Date Registered:
Mar 1995
Regd No.:
0100-01-028443 (Tokyo-Chiyodaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 6,240 million shares
Issued: 6,240 shares
Sum: Yen 181 million
Major
shareholders (%): Companys Treasury Stock (92), Employees S/Holding Assn (5), Toshiya
Nakaide (1), Harutoshi Kaku (1), Tadashi Otaka (1)
No.
of shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and
wholesales PC & peripherals: Raid storage subsystem, memory module, media
card, card reader/writer, USB flash memory, LCD & accessories, tablet, drive
disk, drive storage, A/V accessories, PC converters, KVM switches, LAN cable,
switching HUB, USB security key, Bluetooth adaptor, iPod-iPhone series
(speaker, battery bag, remote controllers, transmitter, touch pen/stand, media
card), digital conference systems, other related products (--100%).
Import agent for: Kingston Technology,
Polycom, ATE (Taiwan), Proware Technology
Clients: [Electronics
mfrs, wholesalers] Soft Bank BB, Ricoh Co, Daiwabo Information System,
Yodobashi Camera, Bic Camera, Canon System & Support, NEC Nexsolutions, NTT
Communications Corp, Otsuka Corp, KDD Corp, Hirose Radio & Electric Co,
Fujitsu Marketing Ltd, other
No. of accounts:
500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Kingston Technology, ATE, Polycom Asia, Proware Technology, Chi
Mei Corp, other.
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Mizuho Bank
(Kudan)
MUFG (Kanda-Ekimae)
Relations:
Satisfactory
(In
Million Yen)
|
Terms Ending: |
29/02/2012 |
28/02/2011 |
28/02/2010 |
28/02/2009 |
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Annual
Sales |
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6,700 |
6,485 |
7,632 |
7,678 |
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Recur.
Profit |
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80 |
74 |
30 |
117 |
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Net
Profit |
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60 |
56 |
-5 |
39 |
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Total
Assets |
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2,807 |
3,127 |
3,753 |
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Current
Assets |
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2,474 |
2,775 |
3,365 |
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Current
Liabs |
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2,150 |
2,340 |
2,445 |
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Net
Worth |
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402 |
345 |
733 |
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Capital,
Paid-Up |
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181 |
181 |
181 |
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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 |
3.32 |
-15.03 |
-0.60 |
-15.27 |
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Current Ratio |
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.. |
115.07 |
118.59 |
137.63 |
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N.Worth Ratio |
.. |
14.32 |
11.03 |
19.53 |
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R.Profit/Sales |
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1.19 |
1.14 |
0.39 |
1.52 |
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N.Profit/Sales |
0.90 |
0.86 |
-0.07 |
0.51 |
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Return On Equity |
.. |
13.93 |
-1.45 |
5.32 |
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Notes: Forecast (or estimated) figures for
the 29/02/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.51.42 |
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|
1 |
Rs.81.93 |
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Euro |
1 |
Rs.67.67 |
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 |
-- |
This score serves as a reference to assess SCs 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.