MIRA INFORM REPORT

 

 

Report Date :

20.06.2012

 

IDENTIFICATION DETAILS

 

Name :

REPIC CORPORATION

 

 

Registered Office :

1-28-3 Kita-Otsuka Toshimaku Tokyo 170-0004

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

September 1974

 

 

Com. Reg. No.:

0133-01-010189 (Tokyo-Toshimaku)

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Manufacturer of semiconductor, electronic precision parts & components

 

 

No. of Employees :

93

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Good

Payment Behaviour :

Regular

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

 

REPIC CORPORATION

REGD NAME:    Rinei Seiki KK

MAIN OFFICE:  1-28-3 Kita-Otsuka Toshimaku Tokyo 170-0004 JAPAN

Tel: 03-3918-5326      Fax: 03-3918-5712

 

URL:                 http://www.repic.co.jp

E-Mail address: info-web@repic.co.jp

 

 

ACTIVITIES

 

Mfg of semiconductor, electronic precision parts & components

 

BRANCHES   

 

Chiba,

 

FACTORIES

 

Tsukuba

 

 

OFFICERS

 

ATSUSHI HAYASHI, PRES        Shigeru Hayashi, dir

Nobuaki Omori, dir                     Satoshi Naoi, dir                       

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES        FAIR                 A/SALES          Yen 2,788 M

PAYMENTS      REGULAR         CAPITAL           Yen 20 M

TREND UP                    WORTH            Yen 2,152 M

STARTED         1974                 EMPLOYES      93

 

COMMENT

 

MFR OF SEMICONDUCTOR, ELECTRONICS PRECISION PARTS.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

                       

HIGHLIGHTS

           

            The subject company was established on the basis of a division separated from Hayashi Tokei Kogyo (Tokei means Watch).  This is a specialized mfr of semiconductor, electronics precision parts & components, other (See OPERATION).  Goods are also imported from USA, other.  Domestic clients include major electronics makers.

 

 

FINANCIAL INFORMATION

           

            The sales volume for Mar/2011 fiscal term amounted to Yen 2,788 million, a 1% up from Yen 2,757 million in the previous term.  The recurring profit was posted at Yen 251 million and the net profit at Yen 153 million, respectively, compared with Yen 226 million recurring profit and Yen 153 million net profit, respectively, a year ago.

 

            For the term that ended Mar 2012 the recurring profit was projected at Yen 260 million and the net profit at Yen 160 million, respectively, on a 4% rise in turnover, to Yen 1,900 million.  Final results are yet to be released. 

 

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

 

 

REGISTRATION

 

Date Registered:            Sept 1974

Regd No.:          0133-01-010189 (Tokyo-Toshimaku)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         160,000 shares

Issued:                40,000 shares

Sum:                   Yen 20 million

Major shareholders (%): Hayashi Shoten (50), Atsushi Hayashi (20), Rineisha (10)

No. of shareholders: 6

 

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

 

 

OPERATION

 

Activities: Imports, exports and wholesales electronics precision parts & components: modules, power switches, wire chamber, connector cables, sensor switches, rotary position controls, X-rays, other (--100%)

 

Clients: [Mfrs, wholesalers] Tyco Electronics Japan, Riken Japan, KEK Corp, Japan Automatic Control, Hitachi Hi-tech Materials, Casio Computer Co, Citizen Watch, Seiko Instruments, Toyo Technica, Japan Atomic Energy Agency, other  

No. of accounts: 500

Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] Huber Suhner, Baumer Electric, Cooper Course, Phillips Scientifics, Hytec Electronics, Technobox, Oxford Fiber, Oxford Instruments, Xenocs, other.

Ariake Materials Co, Japan Neutron Optics, TSK Co, Keyence Japan, other

 

Payment record: Regular

 

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

 

Bank References:

Mizuho Bank (Ikebukuro-Nishiguchi)

MUFG (Ikebukuro-Higashiguchi)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

       Terms Ending:

31/03/2012

31/03/2011

31/03/2010

31/03/2009

Annual Sales

　

2,900

2,788

2,757

3,250

Recur. Profit

　

260

251

226

392

Net Profit

　

160

153

153

200

Total Assets

　

　

2,586

2,499

2,248

Current Assets

　

　

2,309

1,385

1,132

Current Liabs

　

　

430

493

392

Net Worth

　

　

2,152

1,999

1,846

Capital, Paid-Up

　

　

20

20

20

Div.P.Share(¥)

　

　

　

　

　

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

4.02

1.12

-15.17

-4.41

    Current Ratio

 

..

536.98

280.93

288.78

    N.Worth Ratio

..

83.22

79.99

82.12

    R.Profit/Sales

 

8.97

9.00

8.20

12.06

    N.Profit/Sales

5.52

5.49

5.55

6.15

    Return On Equity

..

7.11

7.65

10.83

 

Notes: Forecast (or estimated) figures for the 31/03/2012 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.01

UK Pound

1

Rs.87.85

Euro

1

Rs.70.54

 

 

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.