MIRA INFORM REPORT

 

 

Report Date :

11.06.2012

 

IDENTIFICATION DETAILS

 

Name :

AUTEX INC

 

 

Registered Office :

Shinjuku Takasago Bldg 4F, 16-5 Tomihisacho Shinjukuku Tokyo 162-0067

 

 

Country :

Japan

 

 

Financials (as on) :

30.09.2011

 

 

Date of Incorporation :

January 1987

 

 

Com. Reg. No.:

(Tokyo-Shinjukuku) 003869

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, export, wholesale of laser & nano technology equipment

 

 

No. of Employees :

25

 

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 :

Clear

 

 

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

 

AUTEX INC

 

 

REGD NAME

 

Autex KK

 

 

MAIN OFFICE

 

Shinjuku Takasago Bldg 4F, 16-5 Tomihisacho Shinjukuku Tokyo 162-0067 JAPAN

           

Tel: 03-3226-6322     Fax: 03-3226-6290

 

URL:                 www.autex-inc.co.jp 

E-mail:             sales11@autex-inc.co.jp             

 

 

ACTIVITIES  

 

Import, export, wholesale of laser & nano technology equipment, other

 

 

BRANCHES

 

Osaka, Shin-Tonecho

 

 

OFFICER(S)  

 

HIROSHI FUKUI, PRES

Makoto Yoshino, dir

Kazuko Takenaga, dir

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES        FAIR                             A/SALES          Yen 550 M

PAYMENTS      No Complaints          CAPITAL           Yen 50 M

TREND UP                                WORTH            Yen 252 M

STARTED         1987                             EMPLOYES      25

 

 

COMMENT    

 

TRADING FIRM SPECIALIZING IN LASER & NANO TECHNOLOGY EQUIPMENT. 

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS BUT DOUBTFUL FOR CREDIT ENGAGEMENTS: EURO 20,000.00

 

 

HIGHLIGHTS

 

The subject company was established by H Ohta in order to make most of his experience in the subject line of business.  H Ohta’s wife, Hiroko Ohta, is the largest shareholder of the firm.  This is a trading firm for import, export and wholesale of laser & nano technology equipment (See OPERATION).  Clients include major electronics mfrs, universities, and laboratories, other, nationwide.

 

 

FINANCIAL INFORMATION

 

The sales volume for Sept/2011 fiscal term amounted to Yen 550 million, a 10 up from Yen 499 million in the previous term.  Exports also revived.   The recurring profit was posted at Yen 39 million and the net profit at Yen 38 million, respectively, compared with Yen 21 million recurring profit and Yen 20 million net profit, respectively, a year ago.  .

 

For the current term ending Sept 2012 the recurring profit is projected at Yen 40 million and the net profit at Yen 20 million, respectively, on a 4% rise in turnover, to Yen 570 million.

           

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.

 

REGISTRATION

 

Date Registered:  Jan 1987

Regd No.:        (Tokyo-Shinjukuku) 003869

Legal Status:   　Limited Company (Kabushiki Kaisha)

Authorized:      　4,000 shares

Issued:             　1,000 shares

Sum:                　Yen 50 million

 

Major shareholders (%): Hiroko Ohta (64.5), Hiroshi Fukui (16), Makoto Yoshino (4), Kazuko Takenaga (3),

Masahiro Ohta (1)

 

No. of shareholders: 12

 

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

 

 

OPERATION

 

Activities: Imports, exports and wholesales laser & nano technology equipment: beam scan, beam pro (CCD type), nano scan (HP nano scan), power meter, He-Ne laser, semiconductor laser module, DPSS laser, gradient index lenses, optic fiber wave guide, other (--100%).

 

Clients: [Mfrs, wholesalers] Hamamatsu Photonics KK (10%), Nihon Denkei, Panasonic Communications, Hitachi Hi-Tec Trading, NTT, Nikon Corp, Fuji Photo Film, Topcon Corp, Olympus Corp, Konica Minolta Opto Products, other.

            No. of accounts: 500

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Photon Co, Piezo System Jena Inc, Cristal Technology, Poly-Micro Technology, Laser Drive Inc, C-Tec Corp, other.

 

Payment record: No Complaints

 

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

 

Bank References:

Resona Bank (Shinjuku)

MUFG (Shinjukudori)

Relations: Satisfactory

FINANCES

(In Million Yen)

 

       Terms Ending:

30/09/2012

30/09/2011

30/09/2010

30/09/2009

Annual Sales

　

570

550

499

379

Recur. Profit

　

40

39

21

-59

Net Profit

　

20

21

20

-59

Total Assets

　

　

697

677

698

Current Assets

　

　

277

248

276

Current Liabs

　

　

87

79

63

Net Worth

　

　

252

213

192

Capital, Paid-Up

　

　

50

50

50

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.64

10.22

31.66

-39.55

    Current Ratio

 

..

318.39

313.92

438.10

    N.Worth Ratio

..

36.15

31.46

27.51

    R.Profit/Sales

 

7.02

7.09

4.21

-15.57

    N.Profit/Sales

3.51

3.82

4.01

-15.57

    Return On Equity

..

8.33

9.39

-30.73

 

Notes: Forecast (or estimated) figures for the 30/09/2012 fiscal term. 


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.36

UK Pound

1

Rs.85.64

Euro

1

Rs.69.21

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.