MIRA INFORM REPORT

 

 

Report Date :           

20.04.2012

 

IDENTIFICATION DETAILS

 

Name :

HOTRON CO LTD

 

 

Registered Office :

Hotron Bldg, 1-11-26 Hyakunincho Shinjukuku Tokyo 169-0073

 

 

Country :

Japan

 

 

Financials (as on) :

31.05.2011

 

 

Date of Incorporation :

June 1975

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of automatic door sensors

 

 

No. of Employees :

30

 

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 19.8 Million

Status :

Moderate

Payment Behaviour :

Slow

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

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

HOTRON CO LTD

 

 

REGD NAME

 

KK Hotron

 

 

MAIN OFFICE

 

Hotron Bldg, 1-11-26 Hyakunincho Shinjukuku Tokyo 169-0073 JAPAN

Tel: 03-5330-9221      Fax: 03-5330-9222

                                               

URL:                 http://www.hotron.co.jp

E-Mail address:            (thru the URL)

 

 

ACTIVITIES

 

Import, wholesale of automatic door sensors

 

 

BRANCHES

 

Machida (Tokyo-Metrop)

 

 

OVERSEAS

 

Taiwan, Ireland

 

 

FACTORIES

 

(subcontracted)

 

 

OFFICERS

 

TADAMORI HONDA, PRES        Shigemkitsu Mori, dir

Kazuhiro Matsuo, dir                  Masanao Sakamoto, dir                         

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES        FAIR     A/SALES                                  Yen 1,766 M

PAYMENTS      Slow              CAPITAL           Yen 10 M

TREND             SLOW              WORTH            Yen 208 M

STARTED         1975     EMPLOYES      30

 

 

COMMENT

 

TRADING FIRM SPECIALIZING IN AUTOMATIC DOOR SENSORS.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 19.8 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Tadamori Honda in order to make most of his experience in the subject line of business.  This is a trading firm specializing in import and wholesale of automatic door sensors.  Has mfg factory in Taiwan.  Clients include house builders, other

 

 

FINANCIAL INFORMATION

           

The sales volume for May/2011 fiscal term amounted to Yen 1,766 million, a 2% down from Yen 1,810 million in the previous term.  The operations plunged into the red to register Yen 80 million net losses for the term, compared with Yen 150 net profit a year ago.

 

For the current term ending May 2012 the operations are expected to come back to profitability but still limited to a minimum post-taxes, on a 2% rise in turnover, to Yen 1,800 million.

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 19.8 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:           Jun 1975

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800 shares

Issued:             200 shares

Sum:                   Yen 10 million

 

Major shareholders (%): Tadamori Honda (majority owned)

 

No. of shareholders: 7

 

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

 

 

OPERATION

           

Activities: Imports and wholesales automatic door sensors (100%)

 

Clients: [Mfrs, wholesalers] Nabtesco Corp, Nabco Door, Hotron Ireland, Nabco System, CARCOM Co, other

            No. of accounts: 100

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Honda Denshi Giken, other

 

Payment record: Slow

 

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

 

Bank References:

MUFG (Toranomon)

Mizuho Bank (Shinjuku-Nishiguchi)

Relations: Satisfactory

 

FINANCES

(In Million Yen)

 

       Terms Ending:

31/05/2012

31/05/2011

31/05/2010

31/05/2009

Annual Sales

　

1,800

1,766

1,810

2,120

Recur. Profit

　

　

　

　

　

Net Profit

　

0

-80

150

-2

Total Assets

　

　

1,105

1,329

1,580

Current Assets

　

　

750

951

1,188

Current Liabs

　

　

607

521

396

Net Worth

　

　

208

291

447

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

1.93

-2.43

-14.62

-22.12

    Current Ratio

 

..

123.56

182.53

300.00

    N.Worth Ratio

..

18.82

21.90

28.29

    R.Profit/Sales

 

..

..

..

..

    N.Profit/Sales

0.00

-4.53

8.29

-0.09

    Return On Equity

..

-38.46

51.55

-0.45

 

Notes: Forecast (or estimated) figures for the 31/05/2012 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.89

UK Pound

1

Rs.83.18

Euro

1

Rs.68.06

 

 

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.