MIRA INFORM REPORT

 

 

Report Date :

02.06.2012

 

IDENTIFICATION DETAILS

 

Name :

RS TECHNOLOGIES CO LTD

 

 

Registered Office :

Kakuta Bldg 4F, 1-23-1 Ohi Shinagawaku Tokyo 140-0014

 

 

Country :

Japan

 

 

Financials (as on) :

30.11.2011

 

 

Date of Incorporation :

December  2010

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Processing of silicon wafer reclaim, silicon wafer oxide film

 

 

No. of Employees :

95

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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 – 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 and address

 

RS TECHNOLOGIES CO LTD

REGD NAME:    KK RS Technologies

MAIN OFFICE:  Kakuta Bldg 4F, 1-23-1 Ohi Shinagawaku Tokyo 140-0014 JAPAN

Tel: 03-5709-7685      Fax: 03-5709-7686

                                               

URL:                 http://www.rs-tec.jp

E-Mail address: info@rs-tec.jp

 

 

ACTIVITIES  

 

Processing of silicon wafer reclaim, silicon wafer oxide film

 

BRANCHES   

 

Nil

 

FACTORIES

 

Osaki (Miyagi)

 

 

OFFICERS

 

FANG YONG YI, PRES              Takenobu Yamashita, dir

Kunio Hongo, dir                                    Junko Kondo, dir

Masayuki Suzuki, dir                  Masaaki Ishiguro, dir                                                     

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY    

 

FINANCES        FAIR                             A/SALES          Yen 694 M

PAYMENTS NO COMPLAINTS   CAPITAL           Yen 100 M

TREND UP                                WORTH            Yen 108 M

STARTED         2010                             EMPLOYES      95

 

COMMENT    

 

PROCESSOR OF SILICON WAFER RECLAIM.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

                       

HIGHLIGHTS

           

            The subject company was established by RS Technologies Hong Kong on the basis of business operations transferred from Rasa Industries Ltd.  This is a specialized processor and mfr of silicon wafer reclaim, silicon wafer oxide film, silicon wafer coating, other.  Clients include major electronics makers, other.

 

 

FINANCIAL INFORMATION

           

            The sales volume for the initial accounting term ending Nov/2011 fiscal term amounted to Yen 694 million.  The sales declined due to the damage to its factory by the North East Earthquake in Mar 2011.  The recurring profit was posted at Yen 52 million and the net losses of Yen 91 million, respectively.

 

            For the current term ending Nov 2012 the recurring profit is projected at Yen 55 million and the net profit at Yen 10 million, respectively, on a 5% rise in turnover, to Yen 730 million. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements. 

 

 

REGISTRATION

 

Date Registered:  Dec 2010

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         8,000 shares

Issued:                2,000 shares

Sum:                   Yen 100 million

Major shareholders (%): RS Technologies HK (56), Fang Yong Yi (20), other

No. of shareholders: 5

 

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

 

 

OPERATION

 

Activities: Processes & manufactures silicon wafer reclaim, silicon wafer films silicon wafer coating, other (--100%)

 

Clients: [Mfrs, wholesalers] Sony Corp, Infinion Technologies Ag, SVM, Electronics & Materials Corp, TSMC, Robert Bosh GmbH, other

No. of accounts: 300

Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] Fujimi Inc, Santoku Chemical Ind, Rasa Ind, 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 (Shiba)

Sendai Bank (Sanbongi)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

       Terms Ending:

30/11/2012

30/11/2011

Annual Sales

　

730

694

Recur. Profit

　

55

52

Net Profit

　

10

-91

Total Assets

　

　

822

Current Assets

　

　

519

Current Liabs

　

　

111

Net Worth

　

　

108

Capital, Paid-Up

　

　

100

Div.P.Share(₯)

　

　

0.00

<Analytical Data>

(%)

(%)

    S.Growth Rate

5.19

- - -

    Current Ratio

 

..

467.57

    N.Worth Ratio

..

13.14

    R.Profit/Sales

 

7.53

7.49

    N.Profit/Sales

1.37

-13.11

    Return On Equity

..

-84.26

 

Notes: The 30/11/2011 is the initial accounting term since the inception.

Forecast (or estimated) figures for the 30/11/2012 fiscal term.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.92

UK Pound

1

Rs.86.03

Euro

1

Rs.69.13

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.