MIRA INFORM REPORT
|
Report Date : |
28.02.2011 |
IDENTIFICATION DETAILS
|
Name : |
JAPAN SECURITY SYSTEM INC |
|
|
|
|
Registered Office : |
Nihon Seimei Hakata-Ekimae Bldg 12F, 3-2-1 Hakata-Ekimae Hakataku Fukuoka 812-0011 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.07.2010 |
|
|
|
|
Date of Incorporation : |
August 2004 |
|
|
|
|
Com. Reg. No.: |
(Fukuoka-Hakata) 051374 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Wholesaler of security cameras
& peripherals |
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 |
|
Maximum Credit Limit : |
Yen 15.9 Million |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
Regular |
|
Litigation : |
---- |
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name
JAPAN SECURITY SYSTEM INC
REGD NAME
KK Nihon Bouhan
System
MAIN OFFICE
Nihon Seimei Hakata-Ekimae
Bldg 12F, 3-2-1 Hakata-Ekimae Hakataku
Tel:
072-481-2125 Fax: 072-481-2204
E-Mail address: info@js-sys.com
ACTIVITIES
Wholesale
of security cameras & peripherals
BRANCHES
OVERSEAS
FACTORIES
(subcontracted)
OFFICER(S)
IZUMI
KAKU, PRES
Fumika
Kaku, s/mgn dir
Tomofumi
Nishiyama dir
Yen
Amount: In million Yen, unless otherwise
stated
SUMMARY
FINANCES FAIR A/SALES Yen 770 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen
133 M
STARTED 2004 EMPLOYES 20
COMMENT
WHOLESALER SPECIALIZING IN SECURITY/MONITOR CAMERAS
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT ENGAGEMENTS:
US$200,000 / O/A 60 DAYS TERMS.
MAX
CREDIT LIMIT: YEN 15.9 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by Izumi Kaku in order
to make most of his experience in the subject lien of business, as KK
On-Sales. Renamed as captioned in Jan
2009. This is a fabless mfr of security
cameras and peripherals. Products are
also mfr’d on OEM basis. Opened
FINANCIAL INFORMATION
Financials are only partially disclosed as from the 31/07/2009 fiscal
term.
The sales volume for Jul/2010 fiscal term amounted to Yen 770 million,
an 8%% rise from Yen 716 million in the previous term. Demand rose from security firms,
condominiums, supermarkets, other for security.
The tie-ups with NTT and Panasonic Corp contributed to the sales
growth. The net profit was posted at Yen
18 million, compared with Yen 24 million a year ago.
For the current term ending Jul 2011 the net profit is projected at Yen
30 million, on a 17% rise in turnover, to Yen 900 million. The tie-ups with the said NTT and Panasonic
Corp will contribute in full term.
The financial situation is considered maintained FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 15.9 million, on 30 days normal terms. The proposed amount for 60 days terms is
considered within the firm’s financials capacities.
REGISTRATION
Date Registered: Aug
2004
Regd No.: (Fukuoka-Hakata)
051374
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen
10 million
Major shareholders (%): Izumi Kaku (100)
Nothing detrimental is known as
to the commercial morality of executives.
OPERATION
Activities: Manufactures,
imports and exports security cameras: outdoor cameras, one cable cameras, dome
cameras, indoor standard cameras, digital video recorders, dummy cameras,
housing cases, camera/monitor brackets, and peripheral devices (--100%)..
Clients: [Mfrs,
wholesalers] Arucom Inc (10%), agent dealers, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] AV Tech Corp, Geo Vision, other
Payment record: Regular
Location: Business area in
Hakata, Fukuoka-Pref. Office premises at
the caption address are leased and maintained satisfactorily.
Bank References:
SMBC (
Jyuhachi
Bank (
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
|
31/07/2011 |
31/07/2010 |
31/07/2009 |
31/07/2008 |
|
Annual
Sales |
|
900 |
770 |
716 |
689 |
|
Recur.
Profit |
|
|
|
|
91 |
|
Net
Profit |
|
30 |
18 |
24 |
49 |
|
Total
Assets |
|
|
N/A |
N/A |
289 |
|
Net
Worth |
|
|
133 |
121 |
105 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
16.88 |
7.54 |
3.92 |
28.07 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
36.33 |
|
|
N.Profit/Sales |
3.33 |
2.34 |
3.35 |
7.11 |
|
Notes: Financials are only partially disclosed as from the
31/07/2009 fiscal term.
Forecast (or estimated) figures for the 31/07/2011 fiscal
term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.37 |
|
|
1 |
Rs.73.25 |
|
Euro |
1 |
Rs.62.68 |
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 |
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.