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Report Date : |
14.06.2013 |
IDENTIFICATION DETAILS
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Name : |
SUN ELECTRONICS CENTER INC |
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Registered Office : |
1-2-9 Ushitanaka Higashiku Hiroshima 732-0065 |
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Country : |
Japan |
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Financials (as on) : |
30.06.2012 |
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Date of Incorporation : |
August, 1979 |
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Com. Reg. No.: |
2400-01-004216 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of electronic parts |
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No. of Employees : |
5 |
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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Maximum Credit Limit: |
Yen 6.0 million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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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 – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
small agricultural sector is highly subsidized and protected, with crop yields
among the highest in the world. While self-sufficient in rice production, Japan
imports about 60% of its food on a caloric basis. 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.
Modest economic growth continued after 2000, but the economy has fallen into
recession three times since 2008. A sharp downturn in business investment and
global demand for Japan''s exports in late 2008 pushed Japan 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 and the ensuing tsunami in March disrupted manufacturing. The
economy has largely recovered in the two years since the disaster, but
reconstruction in the Tohoku region has been uneven. Newly-elected Prime
Minister Shinzo ABE has declared the economy his government''s top priority; he
has pledged to reconsider his predecessor''s plan to permanently close nuclear
power plants and is pursuing an economic revitalization agenda of fiscal
stimulus and regulatory reform and has said he will press the Bank of Japan to
loosen monetary policy. Measured on a purchasing power parity (PPP) basis that
adjusts for price differences, Japan in 2012 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 2012. The new government will
continue a longstanding debate 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 |
SUN ELECTRONICS
CENTER INC
Sun Denshi Center KK
1-2-9 Ushitanaka Higashiku Hiroshima 732-0065 JAPAN
Tel: 082-227-4811 Fax:
082-227-4886
E-Mail address: info@sun-ec.com
Import, wholesale of electronic parts
Nil
MASAYUKI FUKUSHIMA, PRES
Eiji Tsuda, dir
Setsuko Fukushima, dir
Yen Amount: In million Yen,
unless otherwise stated
FINANCES FAIR A/SALES Yen 340 M
PAYMENTS REGULAR CAPITAL Yen
12 M
TREND SLOW WORTH Yen 115 M
STARTED 1979 EMPLOYES 5
TRADING FIRM SPECIALIZING IN ELECTRONICS PARTS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 6.0 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by Masayuki Fukushima in order to
make most of his experience in the subject line of business. This is a trading firm for import and
wholesale of electronic devices, semiconductors, powers, connectors, printers,
sensors, other (See OPERATION). Solid clients of electronic mfrs,
wholesalers, others in the Chugoku and Shikoku regions.
Financials are only partially disclosed.
The sales volume for Jun/2012 fiscal term amounted to Yen 340 million, a
3% down from Yen 350 million in the previous term. The net profit was posted at Yen 5 million,
compared with Yen 6 million a year ago.
For the current term ending Jun 2013 the net profit is projected at Yen
6 million, on a 3% rise in turnover, to Yen 350 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 6.0 million, on 30 days normal terms.
Date Registered: Aug
1979
Regd No.: 2400-01-004216
(Hiroshima-Higashiku)
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 96,000 shares
Issued:
24,000 shares
Sum: Yen
12 million
Major shareholders
(%): Masayuki Fukushima (55)
and families (45)
No. of
shareholders: 7
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Imports and
wholesales electronic devices, parts, equipment, others (--100%)
(Handling Items): power sources,
noise filters, semiconductors, printed wiring board, printers, displays,
sensors, connectors, other
Clients: [Mfrs,
wholesalers] Eikosha Co, Chuo Electronics Measurement Co, Dia Kogyo Ind,
Hiroshima Claud Co, Miyoshi Electronics Inc, JRCS, Tanaka Electric Ind,
Matsumoto Musen Parts, Mitsubishi Rayon, Okamoto Denki Co, Kairiku Denshi,
other
No. of accounts: 200
Domestic areas of
activities: Centered in Chugoku & Shikoku regions
Suppliers: [Mfrs,
wholesalers] TDK, TDK Lambda Corp, Oki Electric Cable, Citizen Systems, Oki
Semiconductor, Hamamatsu Photonics KK, Unipulse Corp, BI Technologies, other.
Payment record: Regular
Location: Business area in
Hiroshima. Office premises at the
caption address are leased and maintained satisfactorily.
Bank References:
Momiji Bank (Ushida)
Hiroshima Bank (Ushida)
Relations: Satisfactory
(In Million Yen)
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Terms Ending: |
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30/06/2013 |
30/06/2012 |
30/06/2011 |
30/06/2010 |
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Annual
Sales |
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350 |
340 |
350 |
360 |
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Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
6 |
5 |
6 |
6 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
|
|
115 |
110 |
104 |
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Capital,
Paid-Up |
|
|
12 |
12 |
12 |
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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 |
2.94 |
-2.86 |
-2.78 |
2.86 |
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Current Ratio |
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|
.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
.. |
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N.Profit/Sales |
1.71 |
1.47 |
1.71 |
1.67 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 30/06/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.41 |
|
|
1 |
Rs.91.62 |
|
Euro |
1 |
Rs.78.12 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
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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 |
---- |
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.