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Report Date : |
28.07.2012 |
IDENTIFICATION DETAILS
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Name : |
EXLAYER INC |
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Registered Office : |
Nakakita Bldg 8F, 3-8-4 Kanda-Ogawamachi Chiyodaku |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
December 2002 |
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Com. Reg. No.: |
0100-01-083273 (Tokyo-Chiyodaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
IT system integration, project management, security system |
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No. of Employees : |
13 |
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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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
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
EXLAYER INC
REGD NAME: Exlayer
KK
MAIN OFFICE: Nakakita
Bldg 8F, 3-8-4 Kanda-Ogawamachi Chiyodaku
Tel:
03-5283-5100 Fax: 03-3292-3550
E-Mail address: info@exlayer.jp
IT system integration,
project management, security system
Nil
USA, Germany, UK,
Singapore, Hong Kong (--subsidiaries)
SHIGERU NAGANO,
PRES
Hiromitsu
Uchimura, v pres
Takayuki Wada, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 278 M
PAYMENTS SLOW CAPITAL Yen 30 M
TREND SLOW WORTH Yen 42 M
STARTED 2002 EMPLOYES 13
IT SYSTEM INTEGRATION.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established
by Shigeru Nagano in order to make most of his experience in the subject line
of business, originally as Exlayer Global Inc.
This firm specializes in IT system integration, project management,
security systems, communication systems, global networking, TV conference
system, other. Has five subsidiaries
overseas: USA, UK, Singapore, Hong Kong (China), and Germany. All the networks are linked. In Apr 2012, the firm was acquired by MBO by
Internet Initiative Japan Inc and renamed as captioned (See REGISTRATION). Clients include banks, mfrs, universities,
other.
The sales volume for Dec/2011 fiscal
term amounted to Yen 278 million, a 12% down from Yen 317 million in the
previous term. Business was negatively
affected by the Great East Japan Earthquake that occurred on 11/Mar/2012. The group sales including overseas
subsidiaries totaled Yen 9,800 million for Dec/2011 fiscal term. The recurring profit was posted at Yen 1
million and the net profit at Yen 1 million, respectively, compared with Yen 8
million recurring profit and Yen 5 million net profit, respectively, a year
ago.
For the current term ending Dec 2012
the recurring profit is projected at Yen 3 million and the net profit at Yen 3
million, respectively, on a 4% rise in turnover, to Yen 290 million.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Date Registered: Dec
2002
Regd No.:
0100-01-083273 (Tokyo-Chiyodaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 600 shares
Issued: 600 shares
Sum: Yen 30 million
Major
shareholders (%): Internet Initiative Japan Inc* (100)
*.. Pioneer in
Internet access and network-related services for corporate clients,
Tokyo, listed Tokyo S/E, capital Yen 16,833
million, sales Yen 97,315 million, operating profit Yen 5,976 million,
recurring profit Yen 3,640 million, net profit Yen 3,640 million, total assets
Yen 73,493 million net worth Yen 32,688 million, employees 1,923, pres Koichi
Suzuki
Nothing
detrimental is known as to the commercial morality of executives.
Activities: IT system
integration: security system, communication system, LAN, WAN, global network
construction, telephone systems, TV conference system, other related services
(--100%).
Clients: [Mfrs,
wholesalers] Mizuho Corporate Bank, Asahi Glass, Tokyo Women’s Medical College,
Goldman Sachs Japan Holdings, Obayashi Corp, Nihon Sekkei Inc, other
No. of accounts:
300
Domestic areas of
activities: Nationwide
Suppliers: [Communication
provider]] Hewlett Packers Japan, SHINNEX Infotec Inc, Dell Japan, Ryoyo
Electro Inc, other
Payment record: Slow
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References: MUFG (Kanda)
SMBC
(Chiyoda)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
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Annual
Sales |
|
290 |
278 |
317 |
172 |
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Recur.
Profit |
|
3 |
1 |
8 |
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Net
Profit |
|
3 |
1 |
5 |
-22 |
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Total
Assets |
|
|
144 |
141 |
143 |
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Current
Assets |
|
|
99 |
95 |
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Current
Liabs |
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99 |
95 |
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Net
Worth |
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|
42 |
41 |
36 |
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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 |
4.32 |
-12.30 |
84.30 |
-36.76 |
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Current Ratio |
|
.. |
100.00 |
100.00 |
.. |
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N.Worth Ratio |
.. |
29.17 |
29.08 |
25.17 |
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R.Profit/Sales |
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1.03 |
0.36 |
2.52 |
.. |
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N.Profit/Sales |
1.03 |
0.36 |
1.58 |
-12.79 |
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Return On Equity |
.. |
2.38 |
12.20 |
-61.11 |
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Notes: Forecast
(or estimated) figures for the 31/12/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.41 |
|
|
1 |
Rs.86.93 |
|
Euro |
1 |
Rs.68.10 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
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 |
-- |
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.