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Report Date : |
02.10.2013 |
IDENTIFICATION DETAILS
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Name : |
TRANZAS INC |
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Registered Office : |
Yokohama Landmark Tower 17F, 2-2-1 Minatomirai Nishiku Yokohama 220-6217 |
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Country : |
Japan |
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Financials (as on) : |
31.01.2013 |
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Date of Incorporation : |
January 1995 |
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Com. Reg. No.: |
0200-01-042025
(Yokohama-Nishiku) |
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Legal Form : |
Limited Company |
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Line of Business : |
· System designing, Internet connections, networking ·
Manufacturer
of IP STB (Set top box), tablet PC, server, digital signage equipment,
software, HDMI cables, STB remote controllers |
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No. of Employees : |
21 |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 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 |
TRANZAS INC
KK Tranzas
Yokohama Landmark
Tower 17F, 2-2-1 Minatomirai Nishiku Yokohama 220-6217 JAPAN
Tel:
045-660-7000 Fax: 045-650-7600
*.. Moved to the caption address in Jun/2012 from the former as given
E-Mail address: (thru the URL)
System
design, Internet connections, mfg of audio Visual equipment
Nil
Taiwan
Taiwan
(subcontracted)
HIDEHIKO
FUJIYOSHI, PRES
Toshiaki
Fukuda, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 463 M
PAYMENTSNo Complaints
CAPITAL Yen 110 M
TREND UP WORTH Yen 185 M
STARTED 1995 EMPLOYES 21
SYSTEM DEVELOPER, INTERNET CONNECTIONS, OTHER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by Hidehiko Fujiyoshi in order to make most of his experience in the subject line of business, originally as ITI YK, and renamed in 1997 as captioned. This is a developer, designer, maker of: system design, Internet connections, network solutions, software, other. In Sept 2009, went into business tie-up and capital participation with Comtrend Corp Taiwan. Goods are manufactured in Taiwan and imported. Clients include electronics makers, telecommunication firms, other.
The sales volume for Jan/2013 fiscal term amounted to Yen 463 million, a 3% up from Yen 449 million in the previous term. The recurring profit was posted at Yen 32 million and the net profit at Yen 32 million, respectively, compared with Yen 55 million recurring profit and Yen 38 million net profit, respectively, a year ago.
For the current term ending Jan 2014 the recurring profit is projected at Yen 60 million and the net profit at Yen 35 million, respectively, on a 4% rise in turnover, to Yen 480 million. Business is seen expanding steadily.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Jan
1995
Regd No.: 0200-01-042025 (Yokohama-Nishiku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
8,800 shares
Issued:
2,210 shares
Sum: Yen 110.52 million
Major shareholders (%): Hidehiko Fujiyoshi (39), Comtrend
Corp Taiwan (10), Kunitaka Suzuki (9), Yume Fund No.4 Investment (6), Mitsuru
Shio (5)
No. of shareholders: 14
Nothing
detrimental is known as to the commercial morality of executives.
Activities: System designing, Internet connections, networking, manufactures: IP STB (Set top box), tablet PC, server, digital signage equipment, software, HDMI cables, STB remote controllers, other (--100%)
Clients: [Mfrs, wholesalers] NTT Electronics, SGI Japan, Sanyo Systems, Network Value Components, Comtrend Corp Taiwan, Orient Corp, MCAlink, other
No. of accounts: 200
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Comtrend Corp Taiwan, Opera Software Norway, Secure Media USA, Monotype Imaging USA, Tatung Co, Macnica Inc, other
Payment record: No Complaints
Location: Business area in Yokohama. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
SMBC (Yokohama-Ekimae)
Bank of Yokohama (H/O)
Relations: Satisfactory
(In Million Yen)
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Terms Ending: |
31/01/2014 |
31/01/2013 |
31/01/2012 |
31/01/2011 |
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Annual
Sales |
|
480 |
463 |
449 |
327 |
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Recur.
Profit |
|
60 |
32 |
55 |
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Net
Profit |
|
35 |
32 |
38 |
17 |
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Total
Assets |
|
|
320 |
310 |
312 |
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Current
Assets |
|
|
222 |
201 |
|
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Current
Liabs |
|
|
92 |
71 |
|
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Net
Worth |
|
|
185 |
156 |
118 |
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Capital,
Paid-Up |
|
|
110 |
110 |
110 |
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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 |
3.67 |
3.12 |
37.31 |
29.25 |
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Current Ratio |
|
.. |
241.30 |
283.10 |
.. |
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N.Worth Ratio |
.. |
57.81 |
50.32 |
37.82 |
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R.Profit/Sales |
|
12.50 |
6.91 |
12.25 |
.. |
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N.Profit/Sales |
7.29 |
6.91 |
8.46 |
5.20 |
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Return On Equity |
.. |
17.30 |
24.36 |
14.41 |
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Notes:
Forecast (or estimated) figures for the 31/01/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.36 |
|
UK Pound |
1 |
Rs.101.20 |
|
Euro |
1 |
Rs.84.54 |
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 |
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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.