MIRA INFORM REPORT

 

 

Report Date :

05.05.2012

 

IDENTIFICATION DETAILS

 

Name :

AHS CO LTD

 

 

Registered Office :

Asahi Bldg 5F, 3-9-1 Ueno Taitoku Tokyo 110-0005

 

 

Country :

Japan

 

 

Financials (as on) :

31.05.2010

 

 

Date of Incorporation :

August 2005

 

 

Com. Reg. No.:

(Tokyo-Taitoku) 025772

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, Export of Software/Hardware, OA Equipment

 

 

No. of Employees :

12

 

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 :

Clear

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 31, 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

 

AHS CO LTD

 

 

REGD NAME 

 

KK AHS

 

 

MAIN OFFICE

 

Asahi Bldg 5F, 3-9-1 Ueno Taitoku Tokyo 110-0005 JAPAN

Tel: 03-6715-6580    

Fax: 03-6715-6581

 

*.. Moved to the caption address from the former as given

 

URL:     http://www.ah-s.com/

E-mail:             info@ah-s.com 

 

 

ACTIVITIES  

 

Import, export of software/hardware, OA equipment

 

 

BRANCHES   

 

Nil

 

 

OFFICER(S)

 

TOMOHIDE OGATA, PRES

Masaru Taguchi, dir

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES                    R/WEAK           A/SALES          Yen 278 M                   

PAYMENTS      SLOW              CAPITAL           Yen 10 M                     

TREND             SLOW              WORTH            Yen 53 M

STARTED                     2005                 EMPLOYES      12

 

 

COMMENT    

 

TRADING FIRM SPECIALIZING IN PC SOFTWARE/HARDWARE 

FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT GOOD FOR CREDIT ENGAGEMENTS: US$50,000 / O/A 30 DAYS

 

 

HIGHLIGHTS

           

The subject company was established by Tomohide Ogata in order to make most of his experience in the subject line of business.  This is a trading firm specializing in import, export and wholesale of PC software/hardware, OA equipment, other (See OPERATION).  Client is exclusively Softbank BB.

 

 

FINANCIAL INFORMATION

 

The sales volume for May/2010 fiscal term amounted to Yen 278 million, a 12% up from Yen 249 million in the previous term.  Demand from Softbank BB rose.  The net profit was posted at Yen 5 million, compared with Yen 4 million net losses a year ago. 

 

For the term that ended May 2011 the net profit was projected at Yen 5 million, on a 4% rise in turnover, to Yen 290 million.  The final results are not yet disclosed.  The figures are, however, very close to the actual results, as reported from outside sources.  No verification of the figures, though.

           

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.  

 

 

REGISTRATION

 

Date Registered:                      Aug 2005

Regd No.:                                 (Tokyo-Taitoku) 025772

Legal Status:                Limited Company (Kabushiki Kaisha)

Authorized:                   800 shares

Issued:                          200 shares

Sum:                             Yen 10 million

Major shareholders (%):           Tomohide Ogata (100)

 

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

 

 

OPERATION

 

Activities: Imports, exports and wholesales PC software/hardware, TV tuner card, TV box, OA equipment, other (--100%).

 

(Business details):

Software Business: planning/development/distribution, corporate/education license, software OEM provision, production support, development and provision of modules;

Hardware Business: planning/development/distribution, hardware OEM provision, import/export of hardware;

Digital Contents Business: music distribution, import, export of digital contents;

IT Solution Business: product consulting, marketing consulting, web marketing and production support, SEO support.

 

Clients: [Marketer] Softbank BB

No. of accounts: 1

Domestic areas of activities: Centered in greater-Tokyo

 

Payment record: Slow

 

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

 

Bank References:

MUFG (Aoyama)

Shoko Chukin Bank (Ueno)

Relations: Money Deposit & Transfers only

 

 

FINANCE

(In Million Yen)

 

       Terms Ending:

31/05/2011

31/05/2010

31/05/2009

31/05/2008

Annual Sales

 

290

278

249

276

Recur. Profit

 

 

 

1

 

Net Profit

 

5

5

-4

10

Total Assets

 

 

195

178

173

Current Assets

 

 

161

139

156

Current Liabs

 

 

94

76

90

Net Worth

 

 

53

48

52

Capital, Paid-Up

 

 

10

10

10

Div.P.Share(¥)

 

 

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

4.32

11.65

-9.78

54.19

    Current Ratio

 

..

171.28

182.89

173.33

    N.Worth Ratio

..

27.18

26.97

30.06

    R.Profit/Sales

 

..

..

0.40

..

    N.Profit/Sales

1.72

1.80

-1.61

3.62

    Return On Equity

..

9.43

-8.33

19.23

 

Notes: The 31/05/2011 financial are not yet disclosed and estimated figures only

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.53.72

UK Pound

1

Rs.86.98

Euro

1

Rs.70.69

 

 

INFORMATION DETAILS

 

Report Prepared by :

SHG

 

 

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.