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Report Date : |
21.05.2014 |
IDENTIFICATION DETAILS
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Name : |
RS TECHNOLOGIES CO LTD |
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Registered Office : |
Kakuta Bldg 4F, 1-23-1 Ohi Shinagawaku Tokyo 140-0014 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
December 2010 |
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Com. Reg. No.: |
0107-01-024500 |
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Legal Form : |
Limited Company |
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Line of Business : |
Subject is processing of silicon wafer reclaim, silicon wafer oxide film |
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No of Employees : |
134 |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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. Prime Minister Shinzo ABE has declared the economy his government's top priority; he has overturned his predecessor's plan to permanently close nuclear power plants and is pursuing an economic revitalization agenda of fiscal stimulus, monetary easing, and structural reform. Japan joined the Trans Pacific Partnership negotiations in 2013, a pact that would open Japan's economy to increased foreign competition and create new export opportunities for Japanese businesses. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2013 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 is exceeding 230% of GDP. To help raise government revenue and reduce public debt, Japan decided in 2013 to gradually increase the consumption tax to a total of 10% by the year 2015. Japan is making progress on ending deflation due to a weaker yen and higher energy costs, but reliance on exports to drive growth and an aging, shrinking population pose other major long-term challenges for the economy.
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Source
: CIA |
RS
TECHNOLOGIES CO LTD
KK RS Technologies
Kakuta Bldg 4F, 1-23-1 Ohi Shinagawaku Tokyo
140-0014 JAPAN
Tel: 03-5709-7685 Fax: 03-5709-7686
URL: http://www.rs-tec.jp
E-Mail address: info@rs-tec.jp
Processing of silicon wafer
reclaim, silicon wafer oxide film
Nil
Osaki (Miyagi)
FANG YONG YI, PRES Kunio Hongo, dir
Masaaki Ishiguro, dir Junko Kondo, dir
Masayuki Suzuki, dir Zong Gen Li, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 3,475 M
PAYMENTSNO COMPLAINTS CAPITAL Yen 100 M
TREND UP WORTH Yen 649 M
STARTED 2010 EMPLOYES 134
PROCESSOR
OF SILICON WAFER RECLAIM.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
The
subject company was established by RS Technologies Hong Kong on the basis of
business operations transferred from Rasa Industries Ltd. This is a specialized processor and mfr of
silicon wafer reclaim, silicon wafer oxide film, silicon wafer coating,
other. Clients include major electronics
makers, other.
The
sales volume for Dec/2013 fiscal term amounted to Yen 3,475 million, a 130
million sharp up from Yen 1,505 million.
Large-lot orders were received.
Exports rose. The recurring
profit was posted at Yen 818 million and the net profit at Yen 524 million,
respectively, compared with Yen 58 million recurring profit and Yen 58 million
net profit, respectively, a year ago.
For
the current term ending Dec 2014 the recurring profit is projected at Yen 850
million and the net profit at Yen 550 million, respectively, on a 5% rise in
turnover, to Yen 3,650 million. Business
is seen expanding steadily. Weaker Yen
may contribute to raise export earnings in Yen terms.
The
financial situation is considered FAIR and good for ORDINARY business
engagements.
Date Registered:
Dec 2010
Regd No.: 0107-01-024500
(Tokyo-Shinagawaku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 8,000
shares
Issued: 2,000
shares
Sum: Yen
100 million
Major
shareholders (%): RS Technologies HK (56), Fang Yong
Yi (20), other
No. of
shareholders: 5
Nothing detrimental is known as
to the commercial morality of executives.
Activities:
Processes & manufactures silicon wafer reclaim, silicon wafer films silicon
wafer coating, solar cells, used semiconductor equipment, chemical materials,
semiconductor parts, other (--100%)
Clients:
[Mfrs, wholesalers] Sony Corp, Infinion Technologies Ag, SVM, Electronics &
Materials Corp, TSMC, Robert Bosh GmbH, other
No. of accounts: 300
Domestic areas of activities:
Nationwide
Suppliers:
[Mfrs, wholesalers] Fujimi Inc, Santoku Chemical Ind, Rasa Ind, Hayakawa &
Co, 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 (Shiba)
Sendai
Bank (Sanbongi)
Relations:
Satisfactory
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Terms Ending: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
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Annual
Sales |
|
3,650 |
3,475 |
1,505 |
62 |
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Recur.
Profit |
|
850 |
818 |
58 |
-32 |
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Net
Profit |
|
550 |
524 |
58 |
-32 |
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Total
Assets |
|
|
2,321 |
1,041 |
784 |
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Current
Assets |
|
|
1,811 |
808 |
495 |
|
Current
Liabs |
|
|
960 |
409 |
196 |
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Net
Worth |
|
|
649 |
135 |
76 |
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Capital,
Paid-Up |
|
|
100 |
100 |
100 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
5.04 |
130.90 |
2,327.42 |
7.20 |
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Current Ratio |
.. |
188.65 |
197.56 |
252.55 |
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N.Worth Ratio |
.. |
27.96 |
12.97 |
9.69 |
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R.Profit/Sales |
23.29 |
23.54 |
3.85 |
-51.61 |
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N.Profit/Sales |
15.07 |
15.08 |
3.85 |
-51.61 |
|
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Return On Equity |
.. |
80.74 |
42.96 |
.. |
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Notes: The 31/12/2011 is only for one month due to the change in accounting term to Jan/Dec from Dec/Nov. Growth rate is adjusted on a 12-month basis.
Forecast (or estimated) figures for the 31/12/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 58.74 |
|
|
1 |
Rs. 98.77 |
|
Euro |
1 |
Rs. 80.52 |
INFORMATION DETAILS
|
Analysis Done by
: |
KRN |
|
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|
|
Report Prepared
by : |
DPT |
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 |
|
<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.