MIRA INFORM REPORT

 

 

Report Date :           

24.03.2011

 

IDENTIFICATION DETAILS

 

Name :

CYBERNETECH CORPORATION

 

 

Registered Office :

SF Bldg 7F, 1-16-11 Nihombashi-Kakigaracho Chuoku Tokyo 103-0014

 

 

Country :

Japan

 

 

Date of Incorporation :

April 1992

 

 

Com. Reg. No.:

(Tokyo-Chuoku) 044842

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of PC & peripherals

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Japan

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

CYBERNETECH CORPORATION

 

 

REGD NAME

 

KK Cybernetech

 

 

MAIN OFFICE

 

SF Bldg 7F, 1-16-11 Nihombashi-Kakigaracho Chuoku Tokyo 103-0014 JAPAN

Tel: 03-3668-8089     Fax: 03-3668-9872

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

E-Mail address:            (thru the URL)

 

 

ACTIVITIES  

 

Import, wholesale of PC & peripherals

 

 

BRANCHES   

 

Nil

 

 

OFFICER(S)  

 

YOJI HIRAKATA, PRES

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    UNDETD           A/SALES          Yen 418 M*

PAYMENTS                  Unknown       CAPITAL           Yen 120 M

TREND             UNDETD           WORTH            Yen 120 M**

STARTED                     1992                 EMPLOYES      15

 

*.. Figures of 31/03/2004 fiscal term as the firm stopped disclosing (releasing) financials afterwards. 

**.. Expressed by the paid-in capital

 

 

COMMENT    

 

MPORTER & WHOLESALER SPECIALIZING IN PC & PERIPHERALS FINANCIAL SITUATION UNDETERMINED DUE TO THE LACK OF FINANCIALS BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

 

MAX CREDIT LIMIT: UNABLE TO BE ASSESSED DUE TO THE LACK OF  PROVEN BUSINESS.

 

 

HIGHLIGHTS

 

The subject company was established by Yoji Hirakata in order to make most of his experience in the subject line of business.  This is a trading firm for import & wholesale of PC & peripherals (See OPERATION).  The firm does not disclose financials.  Only financials available are for the 31/03/2004 fiscal term, reporting sales at Yen 418 million, pretax profits Yen 41 million.  Ever since, financials have not been disclosed.  The firm declined to disclose them, saying the firm is properly reporting to the Taxation Office and its main banks, and not to be disclosed to third parties.  The information in this report is based on the Registration Certificate and the firm’s website (in Japanese only).  No other database/credit firms have any data at all.

 

 

FINANCIAL INFORMATION

 

Not disclosed.  .

 

Both the financial situation and business trends are not determined due to the lack of financials & proven business records.  Max credit limit is unable to be assessed due to the same reason.

 

 

REGISTRATION

 

Date Registered:  Apr 1992

Regd No.:           (Tokyo-Chuoku) 044842

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         8,000 million shares

Issued:               2,400 shares

Sum:                   Yen 120 million

 

Major shareholders (%): Yoji Hirakata (100)

 

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

 

Activities: Imports and wholesales PC & peripherals: data storage, KVM switch extender, optical cables/accessories, fiber channel cables, SAS cables, networking devices, infiniband cables, A/V equipment, network camera, remote console server, digital signage appliances, interconnect device & frame rack, IP camera & server, other (--100%)

 

Goods are imported from: USA, Europe, Israel, Taiwan, Australia, other.

 

Clients: [Electronics mfrs, wholesalers] Daiwabo Information System, Marubeni Infotec. Toshiba Information System, Nissho Electronics, Otsuka Corp, Catena Corp, Nihon Denkei Co, other

            No. of accounts: 300

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Accordance Systesm, Axus Technology, COMMEX Technology, CS Electronics, DT Research, Ether Wan Systems, Flextronics, Lin Vision, Mac Sense, Max Tronic International, Mel\lanox, Packet Light Networks, Pan Dacom, Proware Technology, PGB Spectrum, Rose Electronics, Silicom, Small Trees, other (cited from the firm’s Website)

 

Payment record: Unknown

 

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

 

Bank References:

MUFG (Ohdenmacho)

SMBC (Ningyocho)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

NOT MADE AVAILABLE 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.96

UK Pound

1

Rs.73.57

Euro

1

Rs.63.68

 

 

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%)

 

 

 

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.