MIRA
INFORM REPORT
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Report Date : |
04.01.2012 |
IDENTIFICATION DETAILS
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Name : |
ATSUMI ELECTRIC CO LTD |
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Registered Office : |
4-2-2 Shinmiyakoda Kitaku Hamamatsu
Shizuoka-Pref 431-2103 |
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Country : |
Japan |
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Financials (as on) : |
31.07.2011 |
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Year of Establishment : |
April 1974 |
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Com. Reg. No.: |
(Shizuoka-Hamamatsu) 000270 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of security systems & products |
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No. of Employees : |
94 |
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 83.0 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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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 September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
Company name and address
ATSUMI ELECTRIC CO LTD
REGD NAME: Atsumi
Denki KK
MAIN OFFICE: 4-2-2
Shinmiyakoda Kitaku Hamamatsu Shizuoka-Pref 431-2103 JAPAN
Tel: 053-428-2103 Fax: 053-428-4177
E-Mail address: international@atsumi.co.jp
ACTIVITIES
Mfg of security
systems & products
BRANCHES
Sapporo, Tokyo,
Nagoya
FACTORIES
At the caption
address
OFFICERS
Hirokazu Oda, ch
HIROAKI ODA, PRES
Kazuyuki Kamo, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 3,138 M
PAYMENTS REGULAR CAPITAL Yen 97 M
TREND STEADY WORTH Yen
1,653 M
STARTED 1974 EMPLOYES 94
COMMENT
MFR OF SECURITY SYSTEMS & PRODUCTS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR CREDIT ENGAGEMENTS: US$150,000 / O/A 80 DAYS.
MAX CREDIT LIMIT: YEN
83.0 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established
by Hirokazu Oda in order to make most of his experience in the subject line of
business. Hiroaki is his son, who took
the pres office in Sept 2008. This is a
specialized mfr of security systems & products. Clients include security firms, other,
nationwide.
FINANCIAL INFORMATION
The sales volume for Jul/2011 fiscal
term amounted to Yen 3,138 million, a 13% up from Yen 2,771 million in the
previous term. Sales rose abruptly after
the Great North Japan Earthquake which occurred in March 2011. The recurring profit was posted at Yen 54
million and the net profit at Yen 15 million, respectively, compared with Yen
59 million recurring profit and Yen 16 million net profit, respectively, a year
ago.
For the current term ending Jul 2012
the recurring profit is projected at Yen 60 million and the net profit at Yen
20 million, respectively, on a 10% rise in turnover, to Yen 3,450 million. Business continues expanding.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Max credit limit is estimated at Yen 83.0 million, on 30 days normal
terms. The proposed amount for 80 days
terms is considered well within the firms financial capacities.
REGISTRATION
Date Registered: Apr
1974
Regd No.:
(Shizuoka-Hamamatsu) 000270
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 780,000 shares
Issued: 195,200 shares
Sum: Yen 97.6 million
Major
shareholders (%): Hirokazu Oda (22), Techno Enterprise (10), Companys Treasury Stock
(9), Hiroaki Oda (7)
No. of shareholders: 12
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures
security systems & products: outdoor detectors, passive infrared detectors,
proto electric beam detectors, other (--100%)
Clients: [Mfrs,
wholesalers] All Japan Keibi Hosho Co, Nishitetsu Building Management, Nichiden
Alram, other
No. of accounts:
300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] NEC, Yuasa Trading, Stanley Electric, other
Payment record: Regular
Location: Business area in
Hamamatsu. Office premises at the
caption address are owned and maintained satisfactorily.
Bank References:
Mizuho Bank
(Hamamatsu)
Hamamatsu Shinkin
Bank (H/O)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/07/2012 |
31/07/2011 |
31/07/2010 |
31/07/2009 |
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Annual
Sales |
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3,450 |
3,138 |
2,771 |
2,940 |
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Recur.
Profit |
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60 |
54 |
59 |
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Net
Profit |
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20 |
15 |
16 |
-86 |
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Total
Assets |
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3,474 |
3,545 |
3,663 |
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Current
Assets |
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2,092 |
2,007 |
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Current
Liabs |
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701 |
464 |
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Net
Worth |
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1,653 |
1,789 |
1,775 |
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Capital,
Paid-Up |
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|
97 |
97 |
97 |
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Div.P.Share(₯) |
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2.30 |
2.30 |
4.60 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
9.94 |
13.24 |
-5.75 |
-13.22 |
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Current Ratio |
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.. |
298.43 |
432.54 |
.. |
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N.Worth Ratio |
.. |
47.58 |
50.47 |
48.46 |
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R.Profit/Sales |
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1.74 |
1.72 |
2.13 |
.. |
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N.Profit/Sales |
0.58 |
0.48 |
0.58 |
-2.93 |
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Return On Equity |
.. |
0.91 |
0.89 |
-4.85 |
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Notes: Forecast
(or estimated) figures for the 31/07/2012 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.23 |
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|
1 |
Rs.82.87 |
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Euro |
1 |
Rs.69.13 |
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 |
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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.