MIRA INFORM REPORT

 

 

Report Date :

20.06.2008

 

IDENTIFICATION DETAILS

 

Name :

STAR SYSTEMS (GLOBAL) CO LTD

 

 

Registered Office :

7-10-3 Minamiaoyama Minatoku Tokyo 107-0062

 

 

Country :

Japan

 

 

Date of Incorporation :

August 1998

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Maintenance of LAN contact centers, Date base fabrication, business network

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

YEN 7 Million

 

 

Status :

Small Company

 

 

Payment Behaviour :

Regular

 

 

 

 

 

 

 

 

name & address

 

STAR SYSTEMS (GLOBAL) CO LTD

REGD NAME:    Star Systems KK

MAIN OFFICE:  7-10-3 Minamiaoyama Minatoku Tokyo 107-0062 JAPAN

                        Tel: 03-5774-4686

 

URL:                 http://www.starsystems.co.jp/

E-Mail address:info@starsystems.co.jp

 

 

ACTIVITIES

 

Maintenance of LAN contact centers, Date base fabrication, business network, etc

 

 

BRANCHES

 

Thailand

 

 

OFFICER(S)

 

VICTOR SHIVESTKY, PRES

 

 

Yen Amount

 

In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES        FAIR                             A/SALES          Yen 600 M*

PAYMENTS      REGULAR                     CAPITAL           Yen 10 M

TREND             STEADY                       WORTH            Yen 50 M*

STARTED         1998                             EMPLOYES      25

                                                * Both only estimated as financials are not disclosed.

 

 

COMMENT    

 

NETWORK SYSTEMS MANAGEMENT. 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY

BUSINESS ENGAGEMENTS.

 

MAX CREDIT LIMIT

 

YEN 7 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Victor Shvetsky, a foreign resident, in order to make most of his previous experience in the subject line of business.  Specializes in networking business.              Offers consultancy, designing, fabrication, operation, maintenance services contact center systems of CTI solutions of Genesys Telecommunications Laboratories Inc, USA, as core business.  Clients          include Telecommunications carriers, other.  Operations are extended nationwide.

           

 

FINANCIAL INFORMATION

 

Financials are not disclosed.  We have estimated the following figures based on information obtained from outside sources.  But they are not verified as resulted business.

 

The sales volume for Jul/2007 fiscal term amounted to Yen 600 million, a 9% up from Yen 550 million in the previous term.  The net profit is thought posted at Yen 5 million.  The net worth is only  estimated at Yen 50 million.

 

For the current term ending Jul 2008 the net profit is projected at Yen 6 million, on a 10% rise in turnover, to Yen 660 million.  Business continues on the upswing.

           

The financial situation is considered maintained FAIR and good for ORDINARY business en-            gagements.  Max credit limit is estimated at Yen 7 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered: Aug 1998

Legal Status:   Limited Company (Kabushiki Kaisha)

Authorized:      800 shares

Issued:             200 shares

Sum:                Yen 10 million

           

 

Major shareholders (%)

 

Victor Shvestky (100)

           

Nothing detrimental is known as to ^the commercial morality of executives.

 

 

OPERATION

 

Activities: Networking & data base making, design, operation, maintenance of CTI solutions of Genesys Telecommunications Laboratories Inc, USA (--100%).

 

           

Clients

 

[Telecommunications carriers, business firms] NTT Comware Corp, IBM Japan, NTT Business Communications, Genesys Japan, Softbank BB, other.

No. of accounts: 300

Domestic areas of activities: Nationwide

 

           

Suppliers

 

Supplied from Genesys Telecommunications Laboratories Inc, USA, as core of the business operations.

 

 

Payment record

 

Regular

 

 

Location

 

Business area in Tokyo.  Office premises at the caption address are leased and maintained satisfactorily.

 

 

Bank References

 

SMBC (Minamiaoyama)

Relations: Satisfactory

 

 

FINANCES

 

 (In Million Yen)

 

FINANCIALS ARE NOT DISCLOSED.

 

 

 


 

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

Unfavourable & favourable factors carry similar weight in credit consideration. 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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions