MIRA
INFORM REPORT
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Report Date : |
25th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
DIEBOLD
ENTERPRISE SECURITY SYSTEMS JAPAN LTD |
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Registered Office : |
4-7-16
Ebara Shinagawaku Tokyo 142-0063, Japan |
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Country : |
Japan |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
August
1993 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Imports and wholesales security systems and devices |
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 11.4 Million |
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Status : |
Fair |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name
DIEBOLD
ENTERPRISE SECURITY SYSTEMS JAPAN LTD
REGD NAME
Diebold
Enterprise Security Systems Japan KK
MAIN OFFICE
4-7-16
Ebara Shinagawaku Tokyo 142-0063 JAPAN
Tel : 03-5788-2120
Fax : 03-5788-2150
URL :
http://www.^
E-Mail address : ^
ACTIVITIES
Import, wholesale of security systems
BRANCHES
Osaka
OFFICERS
MARK HODBY, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 322 M*
PAYMENTS REGULAR CAPITAL Yen 20 M
TREND STEADY WORTH Yen 116 M
STARTED 1993 EMPLOYES 31
*.. For 6 months period
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN SECURITY EYSTEMS, WHOLLY
OWNED BY DIEBOLD ENTERPRISE SECURITY SYSTEMS, USA. FINANCIAL SITUATION
CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 11.4 MILLION, 30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The subject company was established by Diebold Enterprise Security
Systems, USA, as its marketing arm in
Japan. This is a trading firm
specializing in import and wholesale of security solution systems: security
cameras, security alarms, electric signals, machine signals, recording systems,
photo/video badging, other related devices.
Executes physical system installation of external barriers, speed gates,
other, too. Goods and systems are
imported. Clients are major business
firms, factories, etc, nationwide.
FINANCIAL INFORMATION
The firm does not disclose full financials except the following
partial figures.
The sales volume for irregular 6 months ending Dec/2005 fiscal
term (due to change in accounting term) amounted to Yen 322 million, a 46% rise
(as adjusted on a 12-month basis) from Yen 440 million in the previous
term. Demand rose from strict security
& protective needs, particularly increasing cases of atrocious crimes
across the country.
For the term just ended Dec 2006 the net profit was projected and believed
posted at Yen 25 million, on a 1% rise in turnover, to Yen 650 million. Weaker Yen should have raised sales amount
in Yen terms.
The financial situation is considered maintained FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 11.4 million, on 30 days normal terms.
REGISTRATION
Date Registered : Aug 1993
Legal Status :
Limited Company (Kabushiki Kaisha)
Authorized :
400 shares
Issued :
400 shares
Sum :
Yen 20 million
Major shareholders (%)
Diebold Enterprise Security Systems, USA (100)
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Imports and wholesales security systems and devices
(--100%):
Security cameras, security signal & alarm systems, access
control & monitoring systems, CCTV & recording systems, photo-video
badging, electricity & machine signal systems, physical systems (external
barriers, speed gates, internal pedestrian management systems, external
perimeter detection, etc), other associated hardware & software.
Clients
[Business firms, factories, schools] Exxon Mobil, Sun
Microsystems, Oracle Corp Japan, Nihon Siber Signer, Microsoft (Japan), Texas
Instruments Japan, other.
No. of accounts
500
Domestic areas of activities
Nationwide
Suppliers
[Mfrs, wholesalers] Lenel Systems, GE Security, HID Global Corp
(--USA), Rittal, Bosch Security Systems (--Germany), Verint Systems (Canada),
other.
Payment record
Regular
Location
Business area in Tokyo.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
SMBC (Gotanda)
Lloyd’s TSB Bank (Tokyo)
Relations: Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
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31/12/2006 |
31/12/2005 |
30/06/2005 |
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Annual
Sales |
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650 |
322 |
440 |
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Recur.
Profit |
(*) |
.. |
.. |
65 |
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Net
Profit |
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25 |
11 |
21 |
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Total
Assets |
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N/A |
N/A |
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Net
Worth |
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116 |
105 |
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Capital,
Paid-Up |
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20 |
20 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
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<Analytical
Data> |
(%) |
(%) |
(%) |
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S.Growth Rate |
1.08 |
46.36
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-12.35
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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 |
3.85 |
3.42 |
4.77 |
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Note: Financials are
only partially disclosed.
The 31/12/2005 fiscal
term was for irregular 6 months due to change to Jan/Dec from
Jul/Jun. The growth rates are adjusted on a 12-month
basis.
Forecast (or
estimated) for the 31/12/2005 fiscal term.
(*) Pretax profits
disclosed from the Taxation Office.
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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