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Report Date : |
18.01.2013 |
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.: |
(Tokyo-Shinjukuku) 003869 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of laser & nano technology equipment, other |
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No. of Employees : |
22 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 (31.03.2011) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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
REGD NAME: Autex
KK
MAIN OFFICE: Shinjuku
Takasago Bldg 4F, 16-5 Tomihisacho Shinjukuku Tokyo 162-0067
JAPAN
Tel:
03-3226-6322 Fax: 03-3226-6290
URL: http//:www.autex-inc.co.jp
E-mail: sales11@autex-inc.co.jp
Import, export,
wholesale of laser & nano technology equipment, other
Osaka,
Shin-Tonecho
HIROSHI FUKUI,
PRES
Makoto Yoshino,
dir
Kazuko Takenaga,
dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 460 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
50 M
TREND SLOW WORTH Yen
254 M
STARTED 1987 EMPLOYES 22
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. This is a trading firm
for import, export and wholesale of laser & nano technology equipment (See OPERATION). Goods are imported. Clients include major electronics mfrs,
universities, and laboratories, other, nationwide.
The sales volume for Sept/2012
fiscal term amounted to Yen 460 million, a 16% down from Yen 550 million in the
previous term. The recurring profit was
posted at Yen 12 million and the net profit at Yen 12 million, respectively,
compared with Yen 39 million recurring profit and Yen 21 million net profit,
respectively, a year ago. .
For the current
term ending Sept 2013 the recurring profit is projected at Yen 13 million and
the net profit at Yen 13 million, respectively, on a 2% rise in turnover, to
Yen 470 million.
The financial situation
is considered FAIR and good for ORDINARY business engagements.
Date Registered: Jan
1987
Regd No.:
(Tokyo-Shinjukuku) 003869
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 (19.5), Kazuko Takenaga (8),
Masahiro Ohta (1.5)
No. of shareholders: 17
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 Opto Products, Canon Inc, Toho
Technology, Ricoh Co, other.
No. of accounts:
500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Photon Co, Piezo System Jena Inc (5%), Cristal Technology,
Poly-Micro Technology, Laser Drive Inc, C-Tec Corp, Molex Connector Corp,
Precision Photonics Corp, 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)
|
Terms Ending: |
30/09/2013 |
30/09/2012 |
31/03/2011 |
31/03/2010 |
|
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Annual
Sales |
|
470 |
460 |
550 |
499 |
|
Recur.
Profit |
|
13 |
12 |
39 |
21 |
|
Net
Profit |
|
13 |
12 |
21 |
20 |
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Total
Assets |
|
|
668 |
697 |
677 |
|
Current
Assets |
|
|
245 |
277 |
248 |
|
Current
Liabs |
|
|
65 |
87 |
79 |
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Net
Worth |
|
|
254 |
252 |
213 |
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Capital,
Paid-Up |
|
|
50 |
50 |
50 |
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Div.Ttl
in Million (¥) |
|
|
10 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.17 |
-16.36 |
10.22 |
31.66 |
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Current Ratio |
|
.. |
376.92 |
318.39 |
313.92 |
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N.Worth Ratio |
.. |
38.02 |
36.15 |
31.46 |
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R.Profit/Sales |
|
2.77 |
2.61 |
7.09 |
4.21 |
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N.Profit/Sales |
2.77 |
2.61 |
3.82 |
4.01 |
|
|
Return On Equity |
.. |
4.72 |
8.33 |
9.39 |
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Notes: Forecast
(or estimated) figures for the 30/09/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.64 |
|
|
1 |
Rs.87.45 |
|
Euro |
1 |
Rs.72.65 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.