|
Report Date : |
03.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
ABA CO LTD |
|
|
|
|
Registered Office : |
3-50-8 Minami-Otsuka Toshimaku Tokyo
170-0005 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
30.06.2013 |
|
|
|
|
Date of Incorporation : |
July 1998 |
|
|
|
|
Com. Reg. No.: |
0133-01-027315 (Tokyo-Toshimaku) |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Importer, exporter and wholesaler of semiconductors, LCD display (TFT-LCD, STN-LCD), color STN, TFT module, OLED module, monitor & TV, control boards, LED, semiconductors, passive components, GPS module (antenna, chip set) & CCD camera |
|
|
|
|
No. of Employees : |
06 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 |
ABA CO LTD
ABA KK
3-50-8 Minami-Otsuka
Toshimaku Tokyo 170-0005 JAPAN
Tel:
03-5928-8899 Fax: 03-5928-8900
URL: www.aba-japan.co.jp
E-mail: (thru the URL)
Import,
export, wholesale of semiconductors, LCD
Nil
Taiwan
(subsidiary)
RYUICHI
NATSUKI, PRES
Ran
Natsuki, dir
Satoshi
Atou, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 1,254 M
PAYMENTSNo Complaints
CAPITAL Yen 50 M
TREND UP WORTH Yen 82 M
STARTED 1998 EMPLOYES 6
TRADING
FIRM SPECIALIZING IN SEMICONDUCTORS & LCD.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
The subject company was established by Ryuichi Natsuki in order to make most of his experience in the subject line of business. This is a trading firm, owned & operated by the Natsuki family, operating from his home address, for import, export and wholesale of semiconductors, LCD displays (TFT-display, STN-Display) & GPS module. Obtained import agency agreements from: Shantou Go World Display (China) in 1999; Cirocomm Technology (Taiwan) in 2000;ampire (Taiwan) in 2001; Win Semiconductors (Taiwan) in2004; Data Image (Taiwan) in 2006; Chi Mei in 2006; Nan Yaplastics Corp in 2007; Taipei Multi Power Electronics (Taiwan) in 2007, other. Goods are mostly imported from Taiwan makers. Clients include major electronics/semiconductor mfrs, nationwide. In 2012 obtained sole agency agreement from: Yeebo (LCD maker in Apr) and As Rock (PC board maker in June), respectively and sales rose substantially.
The sales volume for Jun/2013 fiscal term amounted to Yen 1,254 million, a 6% down from Yen 1,333 million in the previous term. The previous year’s sales amount was boosted by the acquisition of sole sales agency agreement from two LCD and PC board makers as aforesaid. The financials are only partially disclosed for this term. The net profit was posted at Yen 30 million, compared with Yen 37 million recurring profit and Yen 27 million net profit, respectively, a year ago. .
For the current term ending Jun 2014 the net profit is
projected at Yen 35 million, on a 5% rise in turnover, to Yen 1,300 million.
The financial situation is considered FAIR and good for
ORDINARY business engagements.
Date Registered: Jul 1998
Regd No.: 0133-01-027315 (Tokyo-Toshimaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 2,400 shares
Issued: 1,000 shares
Sum: Yen 50
million (increased in Jun/2013)
Major shareholders (%):
Ryuichi Natsuki (80), Ran Natsuki (10), Yukiko Watanabe (10)
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports and wholesales semiconductors (90%), LDC, other (--10%).
(Handling Items): LCD display (TFT-LCD, STN-LCD), color STN, TFT module, OLED module, monitor & TV, control boards, LED, semiconductors, passive components, GPS module (antenna, chip set) & CCD camera.
Clients: [Mfrs, wholesalers] Toshiba Corp, Fuji Xerox, Sony Semiconductor Kyushu, Samsun Yokohama, Alps Electric, Teraoka Seiko Co, New Japan Radio Co, Panasonic, Mitsumi Electric, Amano Corp, other
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Shantou Go World Display (China), Data Image, Chi Mei El, AWSC, other (Taiwan).
Payment record: No Complaints
Location: Business area in Tokyo. Office premises at the caption address are owned by R Natsuki as his private home residence and maintained satisfactorily.
Bank References:
MUFG (Katsushika)
Mizuho Bank (Hirai)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
30/06/2013 |
30/06/2012 |
30/06/2011 |
30/06/2010 |
|
|
Annual
Sales |
|
1,254 |
1,333 |
392 |
236 |
|
Recur.
Profit |
|
|
37 |
21 |
|
|
Net
Profit |
|
30 |
27 |
21 |
-13 |
|
Total
Assets |
|
|
347 |
126 |
150 |
|
Current
Assets |
|
|
345 |
124 |
|
|
Current
Liabs |
|
|
345 |
124 |
|
|
Net
Worth |
|
82 |
52 |
25 |
3 |
|
Capital,
Paid-Up |
|
50 |
30 |
30 |
30 |
|
Div.P.Share(¥) |
|
0 |
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
-5.93 |
240.05 |
66.10 |
-94.62 |
|
|
Current Ratio |
|
.. |
100.00 |
100.00 |
.. |
|
N.Worth Ratio |
.. |
14.99 |
19.84 |
2.00 |
|
|
R.Profit/Sales |
|
.. |
2.78 |
5.36 |
.. |
|
N.Profit/Sales |
2.39 |
2.03 |
5.36 |
-5.51 |
|
|
Return On Equity |
.. |
51.92 |
84.00 |
.. |
|
Notes:
Financials are only partially disclosed for the 30/06/2013 fiscal term as
above.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.48 |
|
UK Pound |
1 |
Rs.102.95 |
|
Euro |
1 |
Rs.84.60 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<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.