MIRA INFORM REPORT

 

 

Report Date :

07.05.2012

 

IDENTIFICATION DETAILS

 

Name :

ARROW UEC JAPAN KK

 

 

Registered Office :

Konwa Bldg 13F, 1-12-22 Tsukiji Chuoku Tokyo 104-0045

 

 

Country :

Japan

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

January 1983

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, Export, Wholesale of semiconductors, PC & peripherals

 

 

No. of Employees :

28

 

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 :

Satisfactory

Payment Behaviour :

No Complaints

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

 

ARROW UEC JAPAN KK

 

 

REGD NAME

 

Arrow UEC Japan KK

 

 

MAIN OFFICE

 

Konwa Bldg 13F, 1-12-22 Tsukiji Chuoku Tokyo 104-0045 JAPAN

Tel: 03-3547-1861      Fax: 03-3547-1871

                                               

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

E-Mail address:            (thru the URL)

 

 

ACTIVITIES

 

Import, export, wholesale of semiconductors, PC & peripherals

 

 

BRANCHES

 

Nil

 

 

OFFICERS

 

SHIGERU UEHARA, PRES        Tohru Ando, s/mgn dir

Kunio Yamashita, dir                  Tatsuo Itoh, dir                                      

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES        FAIR                             A/SALES          Yen 2,090 M

PAYMENTS No Complaints   CAPITAL           Yen 90 M

TREND SLOW                          WORTH            Yen 881 M

STARTED         1983                             EMPLOYES      28

 

COMMENT    

 

TRADING FIRM SPECIALIZING IN SEMICONDUCTORS, PC & PERIPHERALS, WHOLLY OWNED BY ARROW ELECTRONICS INC, USA.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT ENGAGEMENTS: US$50,000 / O/A 60 DAYS.

 

HIGHLIGHTS

 

The subject company was established originally as Universe Electron KK and in Oct 2007 became 100% owned subsidiary of Arrow Electronics Inc, USA.  This is a trading firm specializing in import, export and wholesale of semiconductors, PC & peripherals.  Goods are both imported and exported.  Domestic clients include major electronics mfrs, general trading house, other, nationwide.

 

 

FINANCIAL INFORMATION

 

Financial are consolidated by the USA parent and only partially disclosed.

 

The sales volume for Dec/2011 fiscal term amounted to Yen 2,090 million, a 7% down from Yen 2,248 million in the previous term.  High Yen against US Dollars hurt sales earnings & profits in Yen terms.  The net profit was posted at Yen 53 million, compared with Yen 92 million a year ago.

 

For the current term ending Dec 2012 the net profit is projected at Yen 55 million, on a 3% rise in turnover, to Yen 2,150 million. 

 

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

 

 

REGISTRATION

 

Date Registered:  Jan 1983

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         1,800 shares

Issued:              1,800 shares

Sum:                   Yen 90 million

 

Major shareholders (%): Arrow Electronics Inc, USA (100)

 

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


 

OPERATION

           

Activities: Imports, exports and wholesales semiconductors, LED, PC & PC peripherals, electronics parts/components, others (--100%)

 

Clients: [Mfrs, wholesalers] Sony Corp, Panasonic Corp, Sharp Corp, Clarion Co, Kanematsu Corp, Sanyo Electric Shimane, JVC Kenwood, I-O Data Device Inc, Sanyo Electric Consumer Electronics, MSK Corp, other

            No. of accounts: 300

            Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] Cree Hong Kong Ltd, Display Link Ltd UK, Magnum Semiconductor Inc, VIA Technologies Inc, Intersil Americas Inc, Omni Vision Technology, other

 

Payment record: No Complaints

 

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

 

Bank References:

Mizuho Bank (Kyobashi)

MUFG (Yaesudori)

Relations: Satisfactory

 

 

FINANCES

 (In Million Yen)

 

Terms Ending:

 

31/12/2012

31/12/2011

31/12/2010

31/12/2009

Annual Sales

 

2,150

2,090

2,248

2,370

Recur. Profit

 

 

 

 

 

Net Profit

 

55

53

92

-13

Total Assets

 

 

N/A

N/A

N/A

Net Worth

 

 

881

828

736

Capital, Paid-Up

 

 

90

90

90

Div.P.Share(¥)

 

 

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.87

-7.03

-5.15

5.57

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

2.56

2.54

4.09

-0.55

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/12/2012 fiscal term.

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.53.72

UK Pound

1

Rs.86.98

Euro

1

Rs.70.65

 

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%)

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.