MIRA INFORM REPORT
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Report Date : |
22.02.2012 |
IDENTIFICATION DETAILS
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Name : |
JAPAN SECURITY SYSTEM INC |
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Registered Office : |
Nihon Seimei Hakata-Ekimae Bldg 12F, 3-2-1 Hakata-Ekimae Hakataku Fukuoka 812-0011 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
August 2004 |
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Com. Reg. No.: |
(Fukuoka-Hakata)
051374 |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesale of security cameras & peripherals |
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No. of Employees
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20 |
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 13.2 Million |
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Status : |
Moderate |
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Payment
Behaviour : |
Regular |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
JAPAN SECURITY SYSTEM INC
KK Nihon Bouhan
System
Nihon Seimei
Hakata-Ekimae Bldg 12F, 3-2-1 Hakata-Ekimae Hakataku Fukuoka 812-0011 JAPAN
Tel:
072-481-2125 Fax: 072-481-2204
E-Mail address: info@js-sys.com
Wholesale
of security cameras & peripherals
Tokyo,
Osaka (2), Hiroshima
Taiwan
(subcontracted)
IZUMI
KAKU, PRES
Fumika
Kaku, s/mgn dir
Tomofumi
Nishiyama dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 286 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen
144 M
STARTED 2004 EMPLOYES 20
WHOLESALER SPECIALIZING IN SECURITY/MONITOR CAMERAS
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 13.2 MILLION, 30 DAYS NORMAL TERMS.
The subject company was established by Izumi Kaku in order to make most of his experience in the subject lien of business, as On-Sales KK, and renamed as captioned in Jan 2009. This is a fabless mfr of security cameras and peripherals. Products are also mfr’d on OEM basis. Opened Taipei Office in Jan 2006. Products are subcontracted mfg to overseas & domestic mfrs. Closed distributorship agreements with NTT and Panasonic Corp in Jun 2010. Sales are expected to grow.
Financials are only partially disclosed as from the 31/07/2009 fiscal term.
The sales volume for Dec/2010 fiscal term for irregular 5 months due to the change of accounting term amounted to Yen 286 million, an 11% down, as adjusted on a 12-month basis, from Yen 770 million in the previous term. The net profit was posted at Yen 11 million, compared with Yen 18 million a year ago.
For the term that ended Dec 2011 the net profit was projected at Yen 13 million, on an 11% rise in turnover, to Yen 760 million. Final results are yet to be released.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 13.2 million, on 30 days normal terms.
Date Registered: Aug 2004
Regd No.: (Fukuoka-Hakata) 051374
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
800 shares
Issued:
200 shares
Sum: Yen 10 million
Major shareholders (%): Izumi Kaku (100)
Nothing detrimental is known as
to the commercial morality of executives.
Activities: Manufactures, imports and exports security cameras: outdoor cameras, one cable cameras, dome cameras, indoor standard cameras, digital video recorders, dummy cameras, housing cases, camera/monitor brackets, and peripheral devices (--100%)..
Clients: [Mfrs, wholesalers, agent dealers] Arucom Inc (10%), Advance Co, Kumaden Co, AD System, UM Tech Inc, Japan IT Communication Co, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] AV Tech Corp, Geo Vision, other
Imports
from USA, China, other
Payment record:
Regular
Location: Business area in Hakata, Fukuoka-Pref. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
· SMBC (Kurume)
· Jyuhachi Bank (Fukuoka)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
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31/12/2011 |
31/12/2010 |
31/07/2010 |
31/07/2009 |
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Annual
Sales |
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760 |
286 |
770 |
716 |
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Recur.
Profit |
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Net
Profit |
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13 |
11 |
18 |
24 |
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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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144 |
133 |
121 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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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 |
10.78 |
-10.90 |
7.54 |
3.92 |
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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 |
1.71 |
3.85 |
2.34 |
3.35 |
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Notes: Financials are only partially disclosed.
Accounting term was changed to Jan/Dec from Aug/July from
the 31/12/2010 fiscal term. Growth rates
are adjusted on a 12-month basis.
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.49.08 |
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UK Pound |
1 |
Rs.77.79 |
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Euro |
1 |
Rs.65.17 |
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.