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Report Date : |
20.06.2012 |
IDENTIFICATION DETAILS
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Name : |
PHILIPS ELECTRONICS JAPAN LTD |
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Registered Office : |
Philips Bldg,
2-13-37 Konan Minatoku |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
September
1989 |
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Com. Reg. No.: |
0104-01-025875
(Tokyo-Minatoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of medical equipment, health care goods,
lighting equipment |
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No. of Employees : |
1,000 |
RATING & COMMENTS
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MIRA’s 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 504.2 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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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) |
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|
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 |
PHILIPS ELECTRONICS JAPAN LTD
KK Philips
Electronics
Philips Bldg,
2-13-37 Konan Minatoku
Tel:
03-3740-3213 Fax: 03-3740-3215
E-Mail address: (thru the URL)
Import,
wholesale of medical equipment, health care goods, lighting equipment
DANNY
RISBERG, PRES
Akio
Ishizuka, dir
Shun
Yamazaki, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 77,381 M
PAYMENTS REGULAR CAPITAL Yen 3,000 M
TREND UP WORTH Yen 3,241 M
STARTED 1987 EMPLOYES 1,000
TRADING FIRM, OWNED BY PHILIPS ELECTRONICS,
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 504.2 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by Royal Philips Electronics of
Netherlands as its marketing arm in
The sales volume for Dec/2011 fiscal term amounted to Yen 77,381 million,
a 2.4% up from Yen 75,562 million in the previous term. The recurring profit was posted at Yen 3,033
million, but the bottom line posted Yen 3,514 million net losses, compared with
Yen 3,339 million recurring profit and Yen 1,893 million net profit,
respectively, a year ago. Currency
exchange fluctuations Euro/Yen incurred losses, the firm says.
For the current ending Dec 2012 the recurring profit is projected at Yen
3,100 million and the net profit at Yen 2,000 million, respectively, on a 3% rise
in turnover, to Yen 80,000 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit
limit is estimated at Yen 504.2 million, on 30 days normal terms.
Date Registered: Sept 1989
Regd No.: 0104-01-025875 (Tokyo-Minatoku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
60,000 shares
Issued:
60,000 shares
Sum: Yen 3,000 million
Major shareholders (%): Koninklijke Philips Electronics
NV (100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and
wholesales medical equipment, oral care, health care goods, X-ray instruments,
pace products, other (--100%).
(Handling Items):
Medical: X-ray instruments
(scanners), angiography, MRI, CT, mobile C-arm, ultrasonic diagnostic
instruments, heath care It, other;
Lighting: general lighting
(theater, photography, EV studio), UV lighting, IR lighting, projector lamp
system, automotive lighting, AED, other;
Personal: shavers, body
groomers, grooming kits, hair removal, toothbrushes, air floss, light therapy,
headphone, docking speaker, other;
Mother/Children:
breath feeding, bottle feeding, health & monitoring, toddle feeding;
PC
Products: PC, headsets, PC audio, dictation solutions, notebook iPad
accessories, drives & storage, other
Clients:
[Hospitals, electronics mfrs, wholesalers] Koito Mfg, Sanyo Electric, Stanley
Electric, Panasonic Corp, Seiko Epson Corp, other
No. of
accounts: 500
Domestic
areas of activities: Nationwide
Suppliers:
[Mfrs, wholesalers] Philips group firms, Sharp Corp, Yamaha Motor, Hitachi
Medico, Panasonic, other
Payment
record: Regular
Location:
Business area in
Bank References:
MUFG (Shinagawa-Ekimae)
City Bank (
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
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Annual
Sales |
|
80,000 |
77,381 |
75,562 |
65,927 |
|
Recur.
Profit |
|
3,100 |
3,033 |
3,339 |
1,941 |
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Net
Profit |
|
2,000 |
-3,514 |
1,893 |
1,117 |
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Total
Assets |
|
|
29,016 |
17,919 |
26,374 |
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Current
Assets |
|
|
27,455 |
26,522 |
24,878 |
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Current
Liabs |
|
|
24,651 |
20,804 |
20,382 |
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Net
Worth |
|
|
3,241 |
6,755 |
5,651 |
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Capital,
Paid-Up |
|
|
3,000 |
3,000 |
3,000 |
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Div.Tt;
on million (¥) |
|
|
0.00 |
789 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.38 |
2.41 |
14.61 |
-10.31 |
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Current Ratio |
|
.. |
111.37 |
127.49 |
122.06 |
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N.Worth Ratio |
.. |
11.17 |
37.70 |
21.43 |
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R.Profit/Sales |
|
3.88 |
3.92 |
4.42 |
2.94 |
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N.Profit/Sales |
2.50 |
-4.54 |
2.51 |
1.69 |
|
|
Return On Equity |
.. |
-108.42 |
28.02 |
19.77 |
|
Notes:
Forecast (or estimated) figures for the 31/12/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.01 |
|
|
1 |
Rs.87.85 |
|
Euro |
1 |
Rs.70.54 |
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 |
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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 |
---- |
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.