MIRA INFORM REPORT
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Report Date : |
22.10.2012 |
IDENTIFICATION DETAILS
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Name : |
AB TECH CO LTD |
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Registered Office : |
Kimura Bldg 2F, 6-35-14 Kamata Ohtaku |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
January 1997 |
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Com. Reg. No.: |
(Tokyo-Ohtaku)
001878 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of industrial electrical machinery &
equipment |
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No. of Employees : |
04 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
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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Japan |
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 |
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.
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Source : CIA |
AB TECH CO LTD
Ebitekku KK
Kimura Bldg 2F,
6-35-14 Kamata Ohtaku Tokyo 144-0051 JAPAN
Tel: 03-3735-1036 Fax: 03-2735-6072
URL: http://www.ab-tech.co.jp
E-Mail address: (thru the URL)
Import,
wholesale of industrial electrical machinery & equipment
Nil
(subcontracted)
ISAMU
EBISAWA, PRES
Yukio
Ushiyama, dir
Shigeko Ebisawa, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 369 M
PAYMENTS No
Complaints CAPITAL Yen 10 M
TREND UP WORTH Yen 93 M
STARTED 1997 EMPLOYES 4
TRADING FIRM SPECIALIZING IN INDUSTRIAL ELECTRICAL
MACHINERY.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established originally in 1974 by Isamu Ebisawa in order to import industrial electrical equipment, on his account, and was incorporated in 1997. This is a family-based trading firm specializing in import and wholesale of industrial electrical machinery & apparatus, their parts & attachments: power supply, adapters, battery chargers, other. Goods are imported from Taiwan, other.
Financial are only partially disclosed as is the case with family-based companies.
The sales volume for Dec/2011 fiscal term amounted to Yen 369 million, a 7% up from Yen 346 million in the previous term. Demand increased from the newly added client. The net profit was posted at Yen 27 million, compared with Yen 14 million a year ago.
For the current term ending Dec 2012 the net profit is projected at Yen 28 million, on a 4% rise in turnover, to Yen 385 million. Business is steadily expanding.
The financial situation is considered FAIR and good for
ORDINARY business engagements.
Date Registered: Jan 1997
Regd No.: (Tokyo-Ohtaku) 001878
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
800 shares
Issued:
200 shares
Sum: Yen 10 million
Major shareholders (%): Isamu Ebisawa (100)
Related Companies: None
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and wholesales industrial electrical machinery & apparatus, their parts & components: power supply, adapters, battery chargers (lead, lithium, nickel metal hydride, etc), other (--100%)
Clients: [Mfrs, wholesalers] Yamada Electric Ind, HIOS Inc, Koshin Ltd, SUNWA Ltd, Uniden Corp, Hitachi Living Supply, France Bed Co, HIOS Inc, other
No. of accounts: 300
Domestic areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] EP Ace Co, Honkwang Electric Co, Freerider Corp, LI-DIANN Enterprise Co, High Power Tech Inc, Mitra Electronics Ind, Sinpo Electronics Inc, Shinden Co, other
Imports from Taiwan, other
Payment record: No Complaints
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Kamata-Ekimae)
Relations:
Money deposits & transfers only
(In Million Yen)
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31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
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Annual
Sales |
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385 |
369 |
346 |
231 |
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Recur.
Profit |
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Net
Profit |
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28 |
27 |
14 |
9 |
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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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93 |
74 |
60 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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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 |
4.34 |
6.65 |
49.78 |
-23.76 |
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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 |
7.27 |
7.32 |
4.05 |
3.90 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/12/2012 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.53.72 |
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UK Pound |
1 |
Rs.86.15 |
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Euro |
1 |
Rs.70.17 |
INFORMATION DETAILS
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Report Prepared
by : |
MNL |
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 |
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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.