MIRA INFORM REPORT
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Report Date : |
28.01.2012 |
IDENTIFICATION DETAILS
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Name : |
OPTO SYSTEM CO LTD |
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Registered Office : |
100 Miyamaki-Nogami Kyotanabe City
Kyoto-Pref 610-0313 |
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Country : |
Japan |
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Financials (as on) : |
31.10.2011 |
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Date of Incorporation : |
November 1980 |
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Com. Reg. No.: |
(Kyoto-Kyotanabe
shi) 038972 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of inspection equipment for semiconductors
& LC panels |
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No. of Employees
: |
130 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Yen 26.4 Million |
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Status : |
Moderate |
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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 – September 30th, 2011
|
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
OPTO SYSTEM CO LTD
REGD NAME
KK Opto System
MAIN OFFICE
100
Miyamaki-Nogami Kyotanabe City Kyoto-Pref 610-0313 JAPAN
Tel:
0774-68-4440 Fax: 0774-68-4444
E-Mail address: (thru the URL)
ACTIVITIES
Mfg of
inspection equipment for semiconductors & LC panels
BRANCHES
Tokyo,
Yamagata, Kita-Kyoto, Niigata
OVERSEAS
Taiwan,
Korea, China (Beijing), USA (2), Europe (distributor)
FACTORY
Kyoto
(adjacent to the caption address)
OFFICER(S)
FUMIO
OTAKE, PRES & CEO Masanori
Otake, mgn dir
Ken’ichi
Ikeda, dir Kenji
Takeda, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 3,203 M
PAYMENTS REGULAR CAPITAL Yen 83 M
TREND UP WORTH Yen 740 M
STARTED 1980 EMPLOYES 130
COMMENT
MFR OF
INSPECTION APPARATUS FOR SEMICONDUCTORS, OTHER.
FINANCIAL SITUATION CONSIDERED FAIR
AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS BUT DOUBTFUL FOR CREDIT ENGAGEMENTS:
CD$550,000.
MAX
CREDIT LIMIT: YEN 26.4 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Fumio Otake in order to make most
of his experience in the subject line of business. This is a specialized mfg of inspection &
mfg machines used for production & development of optical semiconductor
related products (See OPERATION). Goods are exported to worldwide
destinations. Domestic clients include
specialty mfrs, general trading houses, others, nationwide. Operates 6 overseas sales agents.
FINANCIAL INFORMATION
The sales volume for Oct/2010 fiscal term amounted to Yen 3,203 million,
a 98% up from Yen 1,618 million in the previous term. Market recovered sharply from the global
economic downturn that affected the previous year sales. Exports were robust. The operations came back to profitability to
post Yen 317 million recurring profit and Yen 315 million net profit,
respectively, compared with Yen 284 million recurring loss and Yen 681 million
net losses, respectively, a year ago.
For the term that ended Oct 2011 the recurring profit was projected at
Yen 320 million and the net profit at Yen 200 million, respectively, on a 9%
rise in turnover, to Yen 3,500 million.
The final results are yet to be openly released.
The financial situation is considered FAIR and good for ORDINARY
business engagements. The proposed
amount, however, is considered TOO HIGH from the recent financial status. Max credit limit is estimated at Yen 26.4
million, on 30 days normal terms.
REGISTRATION
Date Registered: Nov 1980
Regd No.:
(Kyoto-Kyotanabe shi) 038972
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
6,400 shares
Issued: 1,600 shares
Sum: Yen 83
million
Major shareholders (%):
Masanori Otake (50), Fumio Otake (15)
No. of shareholders: 4
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures
inspection & mfg machines used for production & development of optical
semiconductor related products: groove processing machines, groove probing
machines, laser scribers, diamond scribers, LD cleaver, bar stacker, breaker,
prober, sorter, probing sorter, visual inspection machines, package inspection
machines, LED lamp handler, LED lamp aging system, lamp aging testers, wafer
slicer, other (--100%).
Clients: [Mfrs,
wholesalers] Mitsui & Co, Panasonic, Seoul Opto Device, Toyota Gosei, Fuji
Xerox, Toshiba Corp, Tottori Sanyo Electric, TDK, Citizen Electronics, Showa
Denko, Ricoh Co, OPTO-CN, Seiko Instruments Inc, Chang Zhi Hong Yuan Techno,
other.
No. of accounts: 800
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Panasonic Semiconductor Opto Device, Asahi Diamond Ind, Tsuruta
Seigyo Kiki, Cognex Corp, Rayture Systems, Shuki Inc, Daido Co, Nikon Instech
Co, Keyence Co, other.
Payment record: Regular
Location: Business area in
Kyotanabe City, Kyoto-Pref. Office
premises at the caption address are owned and maintained satisfactorily.
Bank References:
· SMBC (Nerima)
· Shiga Bank (Uji)
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
31/10/2011 |
31/10/2010 |
31/10/2009 |
31/10/2008 |
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Annual
Sales |
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3,500 |
3,203 |
1,618 |
3,257 |
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Recur.
Profit |
|
320 |
317 |
-284 |
103 |
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Net
Profit |
|
200 |
315 |
-681 |
61 |
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Total
Assets |
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5,855 |
6,053 |
7,102 |
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Current
Assets |
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3,993 |
4,197 |
5,013 |
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Current
Liabs |
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3,067 |
2,183 |
2,057 |
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Net
Worth |
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|
740 |
425 |
1,106 |
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Capital,
Paid-Up |
|
|
83 |
83 |
83 |
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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 |
9.27 |
97.96 |
-50.32 |
-1.72 |
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Current Ratio |
|
.. |
130.19 |
192.26 |
243.70 |
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N.Worth Ratio |
.. |
12.64 |
7.02 |
15.57 |
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R.Profit/Sales |
|
9.14 |
9.90 |
-17.55 |
3.16 |
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N.Profit/Sales |
5.71 |
9.83 |
-42.09 |
1.87 |
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Return On Equity |
.. |
42.57 |
-160.24 |
5.52 |
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Notes:
Forecast (or estimated) figures for the 31/10/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.65 |
|
UK Pound |
1 |
Rs.77.80 |
|
Euro |
1 |
Rs.65.05 |
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 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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.