MIRA INFORM REPORT

 

Report Date :

23.08.2012

 

IDENTIFICATION DETAILS

 

Name :

FOCAL POINT INC

 

 

Registered Office :

Park Side Six 4F, 9-5-12 Akasaka Minatoku Tokyo 107-0052

 

 

Country :

Japan

 

 

Financials (as on) :

30.04.2012

 

 

Date of Incorporation :

May 1989

 

 

Com. Reg. No.:

0104-01-089525 (Tokyo-Minatoku)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of PC & peripherals, keyboard, semiconductors

 

 

No. of Employees :

18 employees

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

 

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

 

 

Company name

 

FOCAL POINT INC

 

 

REGD NAME

 

Focal Point KK

 

 

MAIN OFFICE

 

Park Side Six 4F, 9-5-12 Akasaka Minatoku Tokyo 107-0052 JAPAN

Tel: 03-6447-2961      Fax: 03-6447-2984

 

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

E-Mail address:            (thru the URL)

 

 

ACTIVITIES

 

Import, wholesale of PC & peripherals, keyboard, semiconductors

 

 

BRANCHES

 

Nil

 

 

OFFICERS

 

KAZUHIRO NISHIYAMA, PRES                          Eiichi Miura, rep dir

Christopher Collins, dir                                      Takashi Onda, dir

                       

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    FAIR                             A/SALES          Yen 1,000 M

PAYMENTS      No Complaints          CAPITAL           Yen 41 M

TREND             UP                                WORTH            Yen 502 M

STARTED                     1989                             EMPLOYES      18

COMMENT

 

TRADING FIRM SPECIALIZING IN PC & PERIPHYERALS.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

 

 

HIGHLIGHTS

           

The subject company was established by Hideki Onda in order to make most of his experience in the subject line of his experience in the subject line of business, for importing image processing equipment, storage devices, other.  This is a trading firm specializing in import and wholesale of PC & peripherals, semiconductors, iPad, iPod accessories, other (See OPERATION).  Clients include major electronic firms, other

 

 

FINANCIAL INFORMATION

           

Financials are only partially disclosed.

 

The sales volume for Apr/2011 fiscal term amounted to Yen 1,000 million, a 25% up from Yen 800 million in the previous term.  Sales of iPad, iPod and other accessories fared well.  The net profit is believed posted at Yen 50 million, compared with Yen 40 million a year ago.  The net profits were not disclosed in precise numbers and are estimated.

 

For the term that ended Apr 2012 the net profit was projected at Yen 55 million, on a 10% rise in turnover, to Yen 1,100 million.   Final results are yet to be released.

 

The financial situation is considered FAIR and good for ORDINARY business engagements. 

 

 

REGISTRATION

 

Date Registered:  May 1989

Regd No.:         0104-01-089525 (Tokyo-Minatoku)

Legal Status:       Limited Company (Kabushiki Kaisha)

Authorized:         3.3 million shares

Issued:                828 shares

Sum:                   Yen 41.414 million

Major shareholders (%): Hideki Onda (100)

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

           

Activities: Imports and wholesales PC & peripherals, semiconductors, keyboards, iPad accessories, iPod cases & accessories, iPhone cases & accessories, other (--100%)

 

Clients: [Mfrs, wholesalers] Canon Marketing Japan, SYNNEX Infotec Corp, SRA, Otsuka Corp, Yodobashi Camera Co, Bic Camera Co, other 

            No. of accounts: 300

            Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] SYNNEX Infotec Corp, Kaga Electronics Co, other

 

Payment record: No Complaints

 

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

 

Bank References:

SMBC (Hamamatsucho)

Resona Bank (Azabu)

Relations: Satisfactory

 

 

FINANCES

 (In Million Yen)

 

　

　

30/04/2012

30/04/2011

30/04/2010

30/04/2009

Annual Sales

　

1,100

1,000

800

700

Recur. Profit

　

　

　

　

　

Net Profit

　

55

50

40

35

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

502

452

412

Capital, Paid-Up

　

　

41

41

41

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

10.00

25.00

14.29

-12.50

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

5.00

5.00

5.00

5.00

Notes: Financials are only partially disclosed.  Profits are estimated.

Forecast (or estimated) figures for the 30/04/2012 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.51

UK Pound

1

Rs.87.60

Euro

1

Rs.69.17

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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 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.