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Report Date : |
19.04.2012 |
IDENTIFICATION DETAILS
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Name : |
SCYTHE HOLDINGS CO LTD |
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Registered Office : |
Takada Bldg 3F, 4-7-11 Sotokanda Chiyodaku |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
July 1993 |
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Com. Reg. No.: |
0100-01-076915 (Tokyo-Chiyodaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of PC parts/components, chassis, industrial robots, other |
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No. of Employees : |
5 |
RATING & COMMENTS
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MIRAs Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Yen 36.9 Million |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
SCYTHE HOLDINGS CO LTD
REGD NAME: KK
Scythe Holdings
MAIN OFFICE: Takada
Bldg 3F, 4-7-11 Sotokanda Chiyodaku
Tel:
03-5298-2137 Fax: 03-5298-2138
E-Mail address: (thru
the URL)
Import, wholesale
of PC parts/components, chassis, industrial robots, other
Nil
USA, China, Taiwan
(--subsidiaries)
Taiwan, Korea
(subcontracted)
TAKASHI FUJIMORI,
PRES
Yen Amount: In million Yen, unless otherwise stated
FINANCES R/WEAK A/SALES Yen 2,000 M
PAYMENTS SLOW CAPITAL Yen 30 M
TREND SLOW WORTH Yen
62 M
STARTED 1993 EMPLOYES 5
TRADING FIRM SPECIALIZING IN PC PARTS/COMPONENTS AND
INDUSTRIAL EQUIPMENT
FINANCIAL SITUATION CONSIDERED RATHER WEAK
AND DOUBTFUL FOR CREDIT ENGAGEMENTS: US$2,000,000 / O/A 90 DAYS
MAX CREDIT LIMIT:
YEN 36.9 MILLION, 30 DAYS NORMAL TERMS.
The subject company was established by
Takashi Fujimori in order to make most of his experience in the subject line of
business. Originally started as a
trading firm specializing in import and wholesale of PC parts/components as a
mainline, and later in 2008 expanded operations into industrial robots,
industrial machinery/equipment, chassis, vehicle equipment, other. Operates mfg base in Korea and Taiwan, where
OEM production is conducted.
Financials are only partially
disclosed.
The sales volume for Mar/2011 fiscal term amounted to Yen 2,000 million,
a 1% down from Yen 2,026 million in the previous term. Higher Yen eroded sales & profits, as
reported. The net profit was posted at
Yen 4 million, compared with Yen 2 million a year ago.
For the term that just ended Mar 2012 the
net profit was projected at Yen 5 million, on a 5% rise in turnover, to Yen
2,100 million. Final results are yet to
be released. .
The financial situation is considered maintained
FAIR and good for ORDINARY business engagements. The proposed amount for 90 days terms,
however, is considered TOO HIGH from the recent financial status. Max credit limit is estimated at Yen 36.9
million, on 30 days normal terms.
Date Registered: Jul 1993
Regd No.:
0100-01-076915 (Tokyo-Chiyodaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 2,000 shares
Issued: 600 shares
Sum: Yen 30 million
Major
shareholders (%): Takashi Fujimori (majority owned)
No.
of shareholders: 4
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Trading firm for
import, export and wholesale of: home electric appliances, office automation equipment,
industrial robots, PC software/hardware, vehicle-related machinery &
equipment, construction machinery, furniture, other (--100%).
Clients: [Mfrs,
wholesalers] Scythe Co, Scythe USA, other
No. of accounts:
Unavailable
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers: [Mfrs,
wholesalers] Scythe Taiwan, Scythe China, Enhance, Thermal Take, Arctic
Cooling, other
Payment record: Slow
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Asahi Shinkin Bank (H/O)
Mizuho Bank (Ueno)
Relations: Satisfactory
(In Million Yen)
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Terms Ending: |
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31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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2,100 |
2,000 |
2,026 |
2,300 |
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Recur.
Profit |
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Net
Profit |
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5 |
4 |
2 |
2 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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62 |
58 |
56 |
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Capital,
Paid-Up |
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30 |
30 |
30 |
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Div.P.Share(₯) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
5.00 |
-1.28 |
-11.91 |
-22.38 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
0.24 |
0.20 |
0.10 |
0.09 |
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Notes: Financials
are only partially disclosed.
Forecast (or
estimated) figures for the 28/02/2012 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.89 |
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1 |
Rs.83.18 |
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Euro |
1 |
Rs.68.06 |
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 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.