MIRA INFORM REPORT
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Report Date : |
25.04.2012 |
IDENTIFICATION DETAILS
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Name : |
NETSTARS CO LTD |
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Registered Office : |
Yaesu Daisan Nagaoka Bldg 9A, 3-22-11 Hatchobori Chuoku |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
February 2009 |
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Com. Reg. No.: |
0100-01-141627 (Tokyo-Chuoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Development of mobile phone contents, software |
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No. of Employees
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03 |
RATING & COMMENTS
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MIRA’s 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 600,000.00 |
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Status : |
Moderate |
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Payment
Behaviour : |
Slow |
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Litigation : |
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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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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 |
NETSTARS CO LTD
KK Netstars
Yaesu Daisan
Nagaoka Bldg 9A, 3-22-11 Hatchobori Chuoku
Tel: 03-5540-6880 Fax: 03-3555-8258
URL: http://www.netstars.co.jp
E-Mail address: (thru the UEL)
Development
of mobile phone contents, software
Nil
TSUYOSHI
LEE, PRES
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES R/WEAK A/SALES Yen 85 M
PAYMENTS Slow
CAPITAL Yen 80 M
TREND UP WORTH Yen 86 M
STARTED 2009 EMPLOYES 3
MOBILE PHONE CONTENTS AND SOFTWARE DEVELOPMENT.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 600,000.00, 30 DAYS
The subject company was established by Tsuyoshi Lee in order to make
most of his experience in the subject line of business. This is a trading firm for import, export and
wholesale of mobile phone contents and software. Gods are mostly imported from
Financial are only partially disclosed.
The sales volume for Dec 2010 fiscal term amounted to Yen 85 million, a
57% up from Yen 45 million in the initial accounting term previous year. The net profit is believed posted at Yen 5
million, compared with Yen 1 million a year ago. Profit figures are not precisely disclosed.
For the term that ended Dec 2011 the net profit was projected at Yen 7
million, on a 12% rise in turnover, to Yen 95 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 600,000.00, on 30 days normal terms.
Date Registered: Feb 2009
Regd No.: 0100-01-141627 (Tokyo-Chuoku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
6,400 shares
Issued:
1,600 shares
Sum: Yen 80 million
Major shareholders (%): Tsuyoshi Lee, other (Breakdown
unavailable)
No. of shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and
wholesales mobile phone contents & software (--100%)
Clients: [Mfrs,
wholesalers] Oki Electric Ind, NTT ME, KDDI, Online Game Co, other
No. of accounts: 100
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers: [Mfrs,
wholesalers] Imports from
Payment record: slow
Location:
Business area in
Bank References:
MUFG
(Shintomicho)
Relations:
Money deposits and transfers only
(In Million Yen)
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Terms Ending: |
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31/12/2011 |
31/12/2010 |
31/12/2009 |
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Annual
Sales |
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95 |
85 |
45 |
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Recur.
Profit |
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Net
Profit |
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7 |
5 |
1 |
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Total
Assets |
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N/A |
N/A |
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Net
Worth |
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86 |
81 |
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Capital,
Paid-Up |
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80 |
80 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
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S.Growth Rate |
11.76 |
57.40 |
- -
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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 |
7.37 |
5.88 |
2.22 |
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Notes:
Financials are only partially disclosed.
The 21/12/2009 is the initial accounting term.
Forecast
(or estimated) figures for the 31/12/2011 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.52.79 |
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UK Pound |
1 |
Rs.85.17 |
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Euro |
1 |
Rs.69.53 |
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.