MIRA INFORM REPORT

 

 

Report Date :

02.02.2012

 

IDENTIFICATION DETAILS

 

Name :

KD ELECTRONICS CO LTD

 

 

Registered Office :

12-2 Yoshinocho Suita Osaka 56-0054

 

 

Country :

Japan

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

November 1979

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Import, export, wholesale of electronic components & apparatus

 

 

No. of Employees :

26

 

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 35.1 Million

Status :

Satisfactory

Payment Behaviour :

No Complaints

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 30, 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 and address

 

KD ELECTRONICS CO LTD

REGD NAME:    KK KD Electronics

MAIN OFFICE:  12-2 Yoshinocho Suita Osaka 56-0054 JAPAN

Tel: 06-6338-0220      Fax: 06-6338-3350

                                               

URL:                 http://www.kd-e.co.jp

E-Mail address: info@kd-e.co.jp

 

 

ACTIVITIES

 

Import, export, wholesale of electronic components & apparatus

 

BRANCHES   

 

Tokyo, Niihama (Ehime-Pref)

 

OVERSEAS   

 

KD Electronics (Hong Kong) Co Ltd (subsidiary)

 

OFFICERS

 

WATARU KONDO, PRES

Masayoshi Kondo, dir                                                    

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    FAIR                             A/SALES          Yen 1,885 M

PAYMENTS                  NO COMPLAINTS          CAPITAL           Yen 50 M

TREND             UP                                WORTH            Yen 217 M

STARTED                     1979                             EMPLOYES      26

 

COMMENT    

 

TRADING FIRM SPECIALIZING IN ELECTRONIC COMPONENTS.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 35.1 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

            The subject company was established by Masayoshi Kondo in order to make most of his experience in the subject line of business.  Wataru is his son.  This is a trading firm specializing in import, export and wholesale of electronic components & apparatus.  Goods are widely exported.  Clients include major electronics makers, wholesalers, other.

 

 

FINANCIAL INFORMATION

           

            Financial are only partially disclosed.

 

The sales volume for Dec/2010 fiscal term amounted to Yen 1,885 million, a 43% up from Yen 1,320 million in the previous term.  Market recovered from the global economic downturn in the previous term.  Both imports and exports were robust.  The net profit was posted at Yen 30 million, compared with Yen 10 million a year ago.

 

            For the term that ended Dec 2011 the net profit was projected at Yen 30 million, on a 6% rise in turnover, to Yen 2,000 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 35.1 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Nov 1979

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         400,000 shares

Issued:                100,000 shares

Sum:                   Yen 50 million

Major shareholders (%): Masayoshi Kondo (63), Sanshin Electric Co (16), Wataru

Kondo (14), Employees’ S/Holding Assn (7)

No. of shareholders: 4

 

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

 

 

 

 

OPERATION

           

Activities: Imports, exports and wholesales electronic components & apparatus, other (--100%).

 

Clients: [Mfrs, wholesalers] Konami Digital Entertainment Co, Shihen Technical Corp, Nichicon Corp, Trim Electric Machinery, Kodenshi Co, Rexxam Co, TOABO Corp, other

No. of accounts: 300

Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] Nichicon Corp, KOA, Sanshin Electric Co, ROHM Co, Fujitsu Micro Device, Rubycon Corp, Daishinku Corp, Renesas Electronics Corp, other

 

Payment record: No Complaints

 

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

 

Bank References:

Resona Bank (Esaka)

MUFG (Esaka)

Relations: Satisfactory

 

 

FINANCES

 (In Million Yen)

 

Terms Ending:

　

31/12/2011

31/12/2010

31/12/2009

31/12/2008

Annual Sales

　

2,000

1,885

1,320

1,850

Recur. Profit

　

　

　

　

　

Net Profit

　

30

30

10

15

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

217

187

177

Capital, Paid-Up

　

　

50

50

50

Div.P.Share(₯)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

6.10

42.80

-28.65

-5.13

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

1.50

1.59

0.76

0.81

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/12/2011 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.53

UK Pound

1

Rs.77.95

Euro

1

Rs.64.66

 

 

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.