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Report Date : |
12.10.2012 |
IDENTIFICATION DETAILS
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Name : |
AUTEX INC |
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Registered Office : |
Shinjuku Takasago Bldg 4F, 16-5 Tomihisacho Shinjukuku Tokyo 162-0067 |
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Country : |
Japan |
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Financials (as on) : |
30.09.2012 |
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Date of Incorporation : |
January
1987 |
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Com. Reg. No.: |
0111-01-003869 (Tokyo-Shinjukuku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import,
export, wholesale of laser & nano technology equipment |
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No. of Employees : |
25 employees |
RATING & COMMENTS
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MIRA’s 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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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
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 |
japan - ECONOMIC OVERVIEW
In the years following World War II, government-industry cooperation, a strong work ethic, mastery of high technology, and a comparatively small defense allocation (1% of GDP) helped Japan develop a technologically advanced economy. Two notable characteristics of the post-war economy were the close interlocking structures of manufacturers, suppliers, and distributors, known as keiretsu, and the guarantee of lifetime employment for a substantial portion of the urban labor force. Both features are now eroding under the dual pressures of global competition and domestic demographic change. Japan's industrial sector is heavily dependent on imported raw materials and fuels. A tiny agricultural sector is highly subsidized and protected, with crop yields among the highest in the world. Usually self-sufficient in rice, Japan imports about 60% of its food on a caloric basis. Japan maintains one of the world's largest fishing fleets and accounts for nearly 15% of the global catch. For three decades, overall real economic growth had been spectacular - a 10% average in the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth slowed markedly in the 1990s, averaging just 1.7%, largely because of the after effects of inefficient investment and an asset price bubble in the late 1980s that required a protracted period of time for firms to reduce excess debt, capital, and labor. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2011 stood as the fourth-largest economy in the world after second-place China, which surpassed Japan in 2001, and third-place India, which edged out Japan in 2011. A sharp downturn in business investment and global demand for Japan's exports in late 2008 pushed Japan further into recession. Government stimulus spending helped the economy recover in late 2009 and 2010, but the economy contracted again in 2011 as the massive 9.0 magnitude earthquake in March disrupted manufacturing. Electricity supplies remain tight because Japan has temporarily shut down almost all of its nuclear power plants after the Fukushima Daiichi nuclear reactors were crippled by the earthquake and resulting tsunami. Estimates of the direct costs of the damage - rebuilding homes, factories, and infrastructure - range from $235 billion to $310 billion, and GDP declined almost 0.5% in 2011. Prime Minister Yoshihiko NODA has proposed opening the agricultural and services sectors to greater foreign competition and boosting exports through membership in the US-led Trans-Pacific Partnership trade talks and by pursuing free-trade agreements with the EU and others, but debate continues on restructuring the economy and reining in Japan's huge government debt, which exceeds 200% of GDP. Persistent deflation, reliance on exports to drive growth, and an aging and shrinking population are other major long-term challenges for the economy.
|
Source : CIA |
AUTEX INC
Autex KK
Shinjuku Takasago Bldg
4F, 16-5 Tomihisacho Shinjukuku Tokyo 162-0067, JAPAN
Tel:
03-3226-6322 Fax: 03-3226-6290
URL: www.autex-inc.co.jp
E-mail: sales11@autex-inc.co.jp
Import,
export, wholesale of laser & nano technology equipment, other
Osaka,
Shin-Tonecho, Inashiki (Ibaraki) (technical center)
HIROSHI
FUKUI, PRES
Makoto
Yoshino, dir
Kazuko
Takenaga, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 550 M
PAYMENTSNo Complaints CAPITAL Yen 50 M
TREND UP WORTH Yen 252 M
STARTED 1987 EMPLOYES 25
TRADING
FIRM SPECIALIZING IN LASER & NANO TECHNOLOGY EQUIPMENT.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by H Ohta in order to make most of his experience in the subject line of business. H Ohta retired and the firm is now presided by Hiroshi Fukui, who took the pres office in Dec 2005. This is a trading firm for import, export and wholesale of laser & nano technology equipment centrally, other (See OPERATION). The firm concentrates in strictly quality control of the products in order to expand client’s networks. Clients include major electronics mfrs, universities, and laboratories, other, nationwide.
The sales volume for Sept/2011 fiscal term amounted to Yen 550 million, a 10 up from Yen 499 million in the previous term. Exports also revived. The recurring profit was posted at Yen 39 million and the net profit at Yen 38 million, respectively, compared with Yen 21 million recurring profit and Yen 20 million net profit, respectively, a year ago. .
For the term that ended Sept 2012 the recurring profit was projected at Yen 40 million and the net profit at Yen 20 million, respectively, on a 4% rise in turnover, to Yen 570 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Jan 1987
Regd No.: 0111-01-003869 (Tokyo-Shinjukuku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 4,000
shares
Issued: 1,000
shares
Sum: Yen 50 million
Major shareholders (%): Hiroshi Fukui (34), Makoto
Yoshino (20), Kazuko Takenaga (15), Toshimasa Iimori (10), Masahiro Ohta (5)
No. of shareholders: 13
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports and wholesales laser & nano technology equipment: beam scan, beam pro (CCD type), nano scan (HP nano scan), power meter, He-Ne laser, semiconductor laser module, DPSS laser, gradient index lenses, optic fiber wave guide, other (--100%).
Clients: [Mfrs, wholesalers] Hamamatsu Photonics KK (10%), Nihon Denkei, Panasonic Communications, Hitachi Hi-Tec Trading, NTT, Nikon Corp, Fuji Photo Film, Topcon Corp, Olympus Corp, Konica Minolta Advanced Layers Inc, Toho Technologies, other.
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Photon Co (5%), Piezo System Jena Inc (5%), Cristal Technology, Poly-Micro Technology, Laser Drive Inc, C-Tec Corp, Molex, other.
Payment record: No Complaints
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
Resona Bank (Shinjuku)
MUFG
(Shinjukudori)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
30/09/2012 |
30/09/2011 |
30/09/2010 |
30/09/2009 |
|
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Annual
Sales |
|
570 |
550 |
499 |
379 |
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Recur.
Profit |
|
40 |
39 |
21 |
-59 |
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Net
Profit |
|
20 |
21 |
20 |
-59 |
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Total
Assets |
|
|
697 |
677 |
698 |
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Current
Assets |
|
|
277 |
248 |
276 |
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Current
Liabs |
|
|
87 |
79 |
63 |
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Net
Worth |
|
|
252 |
213 |
192 |
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Capital,
Paid-Up |
|
|
50 |
50 |
50 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.64 |
10.22 |
31.66 |
-39.55 |
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Current Ratio |
|
.. |
318.39 |
313.92 |
438.10 |
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N.Worth Ratio |
.. |
36.15 |
31.46 |
27.51 |
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R.Profit/Sales |
|
7.02 |
7.09 |
4.21 |
-15.57 |
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N.Profit/Sales |
3.51 |
3.82 |
4.01 |
-15.57 |
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Return On Equity |
.. |
8.33 |
9.39 |
-30.73 |
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Notes:
Forecast (or estimated) figures for the 30/09/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.07 |
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UK Pound |
1 |
Rs.84.95 |
|
Euro |
1 |
Rs.68.24 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
---- |
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.