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Report Date : |
29.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
USHIO |
|
|
|
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Formerly Known As : |
Ushio Singapore Pte Ltd |
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|
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Registered Office : |
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|
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Country : |
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|
|
|
|
Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
14.06.1989 |
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Com. Reg. No.: |
198902409Z |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business : |
Manufacture and trade of light application products
and the related products |
|
|
|
|
No. of Employees : |
About 16 Employees |
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 |
|
Maximum Credit Limit : |
USD 200,000 |
|
Status : |
Satisfactory |
|
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) |
|
Singapore |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Company Name: |
Ushio Asia Pacific Pte. Ltd. |
|
Supplied Name: |
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|
Supplied
Address: |
|
|
Fax Number: |
|
Note:
The supplied name is not accurate, and the exact name is as above.
|
Credit Rating: |
|
|
Credit Opinion: |
|
Registered
Name: |
|
|
Registered
Address: |
|
|
Date
of Registration:: |
|
|
Registered
Number: |
198902409Z |
|
Country
of Incorporation: |
Singapore |
|
Registered
Capital: |
SGD
400,000.00 (USD 312,454) (As
of 2012.06, 1 SGD = 0.78113 USD) |
|
Paid-up
Capital: |
SGD
400,000.00 (USD 312,454) = 400,000 Shares@1 SGD |
|
Legal
Form: |
Private
Limited Liability Company |
|
Principal
Activities: |
Manufacture
and trade of light application products and the related products. |
|
Status: |
Live Company |
|
Listed at Stock
Exchange: |
No. |
|
Date of Last
Annual Return: |
|
Subject was
incorporated on
|
Date |
Change |
|
|
Ushio
Singapore Pte Ltd |
|
|
Ushio Asia
Pacific Pte. Ltd. |
|
Subscription
Amount |
Proportion
of Investment (%) |
|
|
USHIO INTERNATIONAL B.V. |
400,000 |
100% |
|
Total |
400,000 |
100% |
Major Shareholder
Information:
|
Name: |
USHIO INTERNATIONAL B.V. |
|
Registered Number: |
T05UF2313J |
|
Address: |
Atrium, Strawinskylaan 3105 1077 Zx Amsterdam,
The Netherlands |
|
Place of Origin: |
Netherlands |
Parent Company:
|
Name: |
Ushio Inc |
|
Registered Address: |
|
Thailand Representative Office Address
|
Address: |
202 The Le Concorde Tower, 20th Floor, Room No. 2006,
Ratchadapisek Road, Huaykwang, Bangkok 10320 Thailand |
Detailed
Information of Management:
|
1 |
|
|
Name: |
KAZUKI MINATO |
|
Position: |
Director |
|
ID Number: |
G6399903U |
|
Address: |
53 MEYER ROAD #21-06 BELVEDERE, THE Singapore
437876 |
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Nationality: |
Japanese |
|
Date of Appointment: |
|
|
2 |
|
|
Name: |
LOW GEOK ENG SUSIE |
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Position: |
Secretary |
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ID Number: |
S0167313J |
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Address: |
201 BISHAN STREET 23 #08-469 Singapore 570201 |
|
Nationality: |
Singapore Citizen |
|
Date of Appointment: |
|
|
3 |
|
|
Name: |
HIROAKI BANNO |
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Position: |
Director |
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ID Number: |
TK3396122 |
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Address: |
|
|
Nationality: |
Japanese |
|
Date of Appointment: |
|
Personnel
Structure
|
Total Employees |
Offices
& Factories
|
|
Office |
|
Address: |
Production
Information
l
Subject is a manufacturer of light application
products and the related products with the production activities.
Purchase
l
The components and raw material for production are
purchased from both local and abroad.
l
Subject is mainly engaged in manufacturing and
trading of light application products and the related products.
l
Subject introduced that its major products sold as
following:
|
|
Product |
|
1 |
Lamps and light
sources |
|
2 |
Lamp houses |
|
3 |
Exposure systems
|
|
4 |
UV hardening and
fixing systems |
|
5 |
Heating lamps
and equipment |
|
6 |
Visual
inspection equipment |
|
7 |
Optical measuring
instruments |
|
8 |
Semiconductor
manufacturing |
|
9 |
Manufacturing of
flat panel display |
|
10 |
Electronic
circuit substrate manufacturing |
|
11 |
Office
automation equipment |
|
12 |
Printing |
|
13 |
Storage |
|
14 |
Illumination |
|
15 |
Images and
movies |
|
16 |
Biological and
MEMS applications |
|
17 |
Medical |
|
18 |
Industrial
equipment |
|
19 |
Others |
l
Subject’s selling territory mainly covers South
Asia, South-East Asia, Australia and New Zealand.
Purchase
Subject declined to disclose the settlements information, and from other sources, we couldn’t obtain the information, either.
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Light
application products and the related products. |
COB, CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Light
application products and the related products. |
L/C , T.T, etc. |
100% |
Unit: USD
|
|
|
|
|
|
Total Assets |
6,818,306.00 |
6,171,778.00 |
5,026,618.00 |
|
Total Current Assets |
6,667,098.00 |
6,034,256.00 |
4,852,398.00 |
|
Total Non-Current Assets f.k.a. [Fixed And Others] |
151,208.00 |
137,522.00 |
174,220.00 |
|
|
|
|
|
|
Total Liabilities |
2,452,662.00 |
2,389,158.00 |
1,651,640.00 |
|
Total Current Liabilities |
2,431,742.00 |
2,351,351.00 |
1,624,387.00 |
|
Total Non-Current Liabilities |
20,920.00 |
37,807.00 |
27,253.00 |
|
Total Equity f.k.a [Shareholder's Funds] |
4,365,644.00 |
3,782,620.00 |
3,374,978.00 |
|
Paid-Up Capital |
N.A. |
N.A. |
N.A. |
|
Share Capital |
220,580.00 |
220,580.00 |
220,580.00 |
|
Other Reserves, Total f.k.a. [Reserves] |
0.00 |
0.00 |
0.00 |
|
Retained Earnings/(Accumulated Loss) |
4,145,064.00 |
3,562,040.00 |
3,154,398.00 |
Unit: USD
|
|
To |
To |
To |
|
Revenue f.k.a [Sales Turnover And Other Operating Revenues] |
13,156,126.00 |
9,400,075.00 |
9,060,675.00 |
|
Profit/(Loss) before Tax from Continuing Operations f.k.a [Profit/(Loss) before tax] |
1,064,919.00 |
667,517.00 |
434,734.00 |
|
Profit/(Loss) after Tax from Continuing Operations f.k.a [Profit/(Loss) After Tax] |
874,651.00 |
583,254.00 |
351,224.00 |
|
Net Income/(Loss) From Extraordinary And
Non-Operating Items |
N.A. |
N.A. |
N.A. |
|
Profit/(Loss) After Tax and Extraordinary Items |
N.A. |
N.A. |
N.A. |
Open
Account Bank
The bankers’ information is not available from the subject or other sources.
Note:
A lady declined to disclose her name.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.92 |
|
UK Pound |
1 |
Rs.88.91 |
|
Euro |
1 |
Rs.71.25 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.