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Report Date : |
22.03.2012 |
IDENTIFICATION DETAILS
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Name : |
PICO INC |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.10.2011 |
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Date of Incorporation : |
September 1977 |
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Com. Reg. No.: |
(Tokyo-Minatoku) 024826 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of electronics communication equipment & components |
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No. of Employees : |
48 |
RATING & COMMENTS
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MIRAs 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 27.9 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
PICO INC
REGD NAME: Pico
KK
MAIN OFFICE:
Tel: 03-3418-7671 Fax: 03-5418-7680
URL: http://www.picodenshi.com/
E-Mail address: (thru the URL)
Import, wholesale
of electronics communication equipment & components
KOICHI OHSHIMA,
PRES
Akiyoshi Ohshima,
ch
Akihisa Ohshima,
s/mg dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 1,547 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
60 M
TREND UP WORTH Yen 736 M
STARTED 1977 EMPLOYES 48
IMPORTER OF
ELECTRONIC COMMUNICATION EQUIPMENT.
FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT
ENGAGEMENTS: US$200,000 / O/A 120 DAYS.
MAX CREDIT LIMIT:
YEN 27.9 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by
Akiyoshi Ohshima, ch at the firm, in order to make most of his experience in
the subject line of business. Koichi is
his son, who took the pres office in Oct 2003.
This is a trading firm, wholly owned and operated by the Ohshima family,
for import and wholesale of electronic communication equipment and components:
fuses, test probes, switches, LED analyzers, and other tools. Operates overseas offices in
Financials are
only partially disclosed as is the case with family-based companies.
The
sales volume for Oct/2011 fiscal term amounted to Yen 1,547 million, a 5% up
from Yen 1,472 million in the previous term.
Market recovered from the global economic downturn in the last
term. Exports decreased. The net profit was posted at Yen 66 million,
compared with Yen 27 million a year ago.
For the current term ending Oct 2012 the net
profit is projected at Yen 70 million, on a 3% rise in turnover, to Yen 1,600
million. Business is seen expanding
steadily.
The financial situation is
considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 27.9
million, on 30 days normal terms. The proposed
amount for 120 days term is well within the firms financial capacities.
Date Registered: Sept 1977
Regd No.:
(Tokyo-Minatoku) 024826
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 480,000 shares
Issued: 120,000 shares
Sum: Yen 60 million
Major shareholders (%): Akiyoshi Ohshima
(50), Takae Ohshima (16), Koichi Ohshima (16),
Akihisa Ohshima
(16)
No. of shareholders: 6
Nothing
detrimental is known as to the commercial morality of executives.
Activities:
Imports
and wholesales electronic communication equipment & components: fuses, test
probes, switches, LED analyzers, and related goods (--100%)
Clients: [Electronics mfrs]
Sony Corp, Toshiba Corp, Cannon Inc, Sanyo Electric, Sharp Corp, IBM Japan,
Hitachi Ltd, Kyocera Corp, JVC, other.
No. of accounts:
300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Sky Gate, Cooper Bussmann, Conquer Electronics, Hollyland
Co, INALWAYS Corp, QA Technologies, INPAQ, Fuse Tech, Pacific
Engineering Corp, other.
Imports from
Payment record: No Complaints
Location: Business area in
Bank References:
SMBC (Shimbashi)
Resona Bank
(Tamachi)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
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31/10/2012 |
31/10/2011 |
31/10/2010 |
31/10/2009 |
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Annual
Sales |
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1,600 |
1,547 |
1,472 |
1,880 |
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Recur.
Profit |
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Net
Profit |
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70 |
66 |
27 |
1 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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736 |
670 |
652 |
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Capital,
Paid-Up |
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60 |
60 |
60 |
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Div.P.Share(₯) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.43 |
5.10 |
-21.70 |
4.50 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
4.38 |
4.27 |
1.83 |
0.05 |
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Notes: Financials
are only partially disclosed as from the 31/10/2009 fiscal term.
Forecast (or
estimated) figures for the 31/10/2012 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.59 |
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1 |
Rs.80.34 |
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Euro |
1 |
Rs.67.14 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 SCs 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.