MIRA INFORM
REPORT
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Report Date : |
09.05.2011 |
IDENTIFICATION DETAILS
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Name : |
LOGITEC INA SOLUTIONS CO LTD |
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Registered Office : |
3268-1000 Misuzu Ina City Nagano-Pref 396-0001 |
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Country : |
Japan |
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Date of Incorporation : |
October
2010 |
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Com. Reg. No.: |
(Nagano-Ina)
023959 |
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Legal Form : |
Limited Company |
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Line of Business : |
Mfg of
PC’s, peripherals, software |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New Company |
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Payment
Behaviour : |
Unknown |
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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
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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Japan |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name
LOGITEC INA SOLUTIONS CO LTD
REGD NAME
Logitec Ina
Solutions KK
MAIN OFFICE
3268-1000 Misuzu
Ina City Nagano-Pref 396-0001 JAPAN
Tel:
0265-74-1411
URL: http//:www.logitec-inas.co.jp
E-mail: (thru the URL)
ACTIVITIES
Mfg of
PC’s, peripherals, software
BRANCHES
Tokyo
FACTORIES
At the
caption address
OFFICER(S)
JUNJI
HAYAMA, PRES Koji Sugiura,
mgn dir
Shun’ichi
Hirasawa, mgn dir Osamu Shintaku,
dir
Masaki
Tanaka, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 3,000 M*
PAYMENTS Unknown CAPITAL Yen
100 M
TREND UNDETD WORTH Yen
100 M**
STARTED 2010 EMPLOYES 60
*.. Target for the initial
one year term.
**.. Expressed by the
paid-in capital
COMMENT
MFR OF
PC’S & PERIPHERALS, WHOLLY OWNED BY LOGITEC CORP.
FINANCIAL SITUATION UNDETERMINED
DUE TO THE RECENT INCEPTION BUT SHOULD BE GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: UNBLE TO BE
ASSESSED DUE TO THE RECENT INCEPTION AND WITHOUT PROVEN BUSINESS
MAX CREDIT LIMIT OF THE PARENT:
YEN 118.2 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established on the basis of Nagano Factory of Logitec Corporation separated as an independent entity. All members of Nagano Factory moved to the new company. Executives are all the same with the parent. Operations started in Apr 2011. This is a specialized mfr of PC’s & peripherals, networking equipment, software, other. Goods are all shipped to the parent.
FINANCIAL INFORMATION
Sales for the initial term ending Mar 2012 are targeted at Yen 3,000 million. This was projected before the North East Earthquake and could be revised.
Both the financial situation and business trends are not determined due to the recent inception and without proven business records but should be good for ORDINARY business engagements. Max credit limit is unable to be assessed due to the same reason. Max credit limit of the parent, Logitec Corp, is estimated at Yen 118.2 million, on 30 days normal terms.
REGISTRATION
Date Registered: Oct 2010
Regd No.: (Nagano-Ina) 023959
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 8,000
shares
Issued: 2,000
shares
Sum: Yen 100 million
Major shareholders (%):
Logitec Corp* (100)
*.. Mfr of networking equipment, storage products, PC’s & peripherals, Tokyo, founded 1992, capital Yen 200 million, sales Yen 6,437 million, net profits Yen 185 million, employees 91, pres Junji Hada, concurrently
Nothing detrimental is known as
to the commercial morality of executives.
OPERATION
Activities: Manufactures PC’s & peripherals, software, other (--100%)
Clients: [Mfr] Shipped wholly to the parent, Logitec Corp.
No. of accounts: 1
Domestic areas of activities: Centered in Nagano-Pref
Location: Business area in Ina City, Nagano=pref. Office premises at the caption address are owned by the parent, Logitec Corp, and maintained satisfactorily.
Bank References:
SMBC
(Bingomachi)
SMBC
(Osaka-Chuo)
Relations:
Satisfactory
FINANCES
(In Million Yen)
UNAVAILABLE
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.78 |
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UK Pound |
1 |
Rs.73.43 |
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Euro |
1 |
Rs.65.27 |
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 |
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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.