MIRA INFORM REPORT
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Report Date : |
27.05.2013 |
IDENTIFICATION DETAILS
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Name : |
ILEX INC |
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Registered Office : |
Kasuga Bldg 3F, 2-9-3 Iidabashi Chiyodaku
Tokyo 102-0072 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
October 1984 |
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Com. Reg. No.: |
0100-01-009529
(Tokyo-Chiyodaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of semiconductor equipment/parts, electronics
parts |
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No. of Employees : |
15 |
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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Maximum Credit Limit : |
Yen 13.5 million |
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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 – March 31st 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 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.
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Source : CIA |
Company name
ILEX INC
REGD NAME
KK Ilex
MAIN OFFICE
Kasuga Bldg 3F,
2-9-3 Iidabashi Chiyodaku Tokyo 102-0072 JAPAN
Tel:
03-3237-8560 Fax: 03-3237-8674
E-Mail address: (thru the URL)
ACTIVITIES
Import, wholesale of semiconductor equipment/parts, electronics parts
BRANCHES
Shizuoka
OFFICERS
MASATOSHI
HAYASHI, PRES
Kyoko
Hayashi, dir
Yuji
Hayashi, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen
726 M
PAYMENTSNo
Complaints CAPITAL Yen
10 M
TREND SLOW WORTH Yen 203 M
STARTED 1984 EMPLOYES 15
COMMENT
TRADING FIRM SPECIALIZING IN ELECTRONICS PARTS/EQUIPMENT.
FINANCIAL SITUATION CONSIDERED FAIR
AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 13.5 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Masatoshi Hayashi in order to
make most of his experience in the subject line of business. This is a trading firm, wholly owned by the
Hayashi family, for import and wholesale of semiconductor parts, electronics
parts, other. Goods are imported from
USA, Europe, other. Clients include
major telecommunication firms, makers, other
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Mar/2012 fiscal term amounted to Yen 726 million, a
7% down from Yen 783 million in the previous term. Demand for semiconductor parts declined. The net profit was posted at Yen 11 million,
compared with Yen 14 million a year ago.
For the term that ended Mar 2013 the net profit was projected at Yen 12
million, on a 5% rise in turnover, to Yen 765 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 13.5 million, on 30 days normal terms.
REGISTRATION
Date Registered: Oct 1984
Regd No.: 0100-01-009529 (Tokyo-Chiyodaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
800 shares
Issued:
200 shares
Sum: Yen 10 million
Major shareholders (%): Masatoshi Hayashi (60),
Company’s Treasury Stock (40)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and
wholesales semiconductor equipment/parts, other electronics parts, resistance
circuits, other (--100%)
Clients: [Mfrs, wholesalers]
Yazaki Corp, Nakayo Telecommunications Inc, NEC Infrontia, Mamiya OB,
Meidensha, Odawara Auto Machine Mfg, Osaki Electric Co, Takagi Sangyo,
other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Vishay Japan, PI Technology Japan, Polytronics Technology Corp,
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 (Iidabashi)
MUFG (Kanda)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
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Annual
Sales |
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765 |
726 |
783 |
619 |
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Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
12 |
11 |
13 |
3 |
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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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203 |
192 |
179 |
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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 |
5.37 |
-7.28 |
26.49 |
-23.86 |
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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 |
1.57 |
1.52 |
1.66 |
0.48 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/03/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.61 |
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UK Pound |
1 |
Rs.83.98 |
|
Euro |
1 |
Rs.71.94 |
INFORMATION DETAILS
|
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 |
---- |
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.