|
Report Date : |
14.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
CYBERNETECH CORPORATION |
|
|
|
|
Registered Office : |
SF Bldg 7F, 1-16-11 Nihombashi-Kakigaracho Chuoku Tokyo 103-0014 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
April 1992 |
|
|
|
|
Com. Reg. No.: |
0100-01-044842 (Tokyo-Chuoku) |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Import, wholesale of PC & peripherals |
|
|
|
|
No. of Employees : |
15 |
RATING & COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
Yen 57.6 Million |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but Correct |
|
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 March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
CYBERNETECH CORPORATION
REGD NAME: KK
Cybernetech
MAIN OFFICE: SF
Bldg 7F, 1-16-11 Nihombashi-Kakigaracho Chuoku
Tel:
03-3668-8089 Fax: 03-3668-9872
URL: http://www.cybernetech.co.jp/
E-Mail address: (thru
the URL)
Import, wholesale
of PC & peripherals
Nil
YOJI HIRAKATA,
PRES
Toshiko Hirakata,
dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES R/WEAK A/SALES Yen
342 M
PAYMENTS SLOW BUT CORRECT CAPITAL Yen
120 M
TREND UP WORTH Yen
210 M
STARTED 1992 EMPLOYES 15
IMPORTER & WHOLESALER SPECIALIZING IN PC & PERIPHERALS
FINANCIAL SITUATION CONSIDERED RATHER WEAK
BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS, AND GOOD FOR CREDIT
ENGAGEMENTS: US$50,000 / O/A TERMS.
MAX CREDIT LIMIT:
YEN 57.6 MILLION, ON 30 DAYS NORMAL TERMS.
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). Goods are imported from USA, Canada, Taiwan,
Europe, other. Clients include
electronics firms, information system firms, other.
Financials are disclosed from the
Mar/2010 fiscal term only. .
The sales volume for the Mar/2011 fiscal
term amounted to Yen 342 million, a 10% up from Yen 311 million in the previous
term. The recurring profit was posted at
Yen 30 million and the net profit at Yen 21 million, respectively, compared
with Yen 14 million net profit a year ago.
For the term that just ended Mar 2012 the
recurring profit was projected at Yen 35 million and the net profit at Yen 25
million, respectively, on a 5% rise in turnover, to Yen 360 million. Final results are yet to be released.
The financial situation is considered RATHER
WEAK but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 57.6
million on 30 days normal terms. The
proposed credit amount is considered well within the firms financial
capacities.
Date Registered:
Apr 1992
Regd No.:
0100-01-044842 (Tokyo-Chuoku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 8,000 million shares
Issued: 2,400 shares
Sum: Yen 120 million
Major
shareholders (%): Yoji Hirakata (94), Toshiko Hirakata (6)
No.
of shareholders: 2
Nothing detrimental
is known as to the commercial morality of executives..
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 Products, Nissho Electronics, Otsuka Corp, Catena Corp,
Nihon Denkei Co, Systena Corp, SYNNEX Infotec Corp, other
No. of accounts:
500
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, Packet Light Networks, Pan Dacom, Proware Technology,
PGB Spectrum, Rose Electronics, Silicom, Small Trees, other (cited from the
firms Website)
Payment record: Slow but Correct
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
MUFG (Ohdenmacho)
SMBC (Ningyocho)
Relations:
Satisfactory
(In
Million Yen)
|
Terms Ending: |
|
31/03/2012 |
31/03/2011 |
31/03/2010 |
|
Annual
Sales |
|
360 |
342 |
311 |
|
Recur.
Profit |
|
35 |
30 |
|
|
Net
Profit |
|
25 |
21 |
14 |
|
Total
Assets |
|
|
230 |
N/A |
|
Net
Worth |
|
|
210 |
189 |
|
Capital,
Paid-Up |
|
|
120 |
120 |
|
Div.P.Share(₯) |
|
|
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
5.26 |
9.97 |
- - - |
|
|
Current Ratio |
|
|
.. |
.. |
|
N.Worth Ratio |
|
91.30 |
.. |
|
|
N.Profit/Sales |
6.94 |
6.14 |
4.50 |
|
Notes: Financials are only partially
disclosed as from Mar/2010 fiscal term.
Forecast figures for the 31/03/2012 fiscal
term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.42 |
|
|
1 |
Rs.81.93 |
|
Euro |
1 |
Rs.67.67 |
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 |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SCs 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.