MIRA INFORM REPORT
|
Report Date : |
15.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
IDEA SYSTEM CO LTD |
|
|
|
|
Registered Office : |
4-1-21 Shinmeicho Okaya Nagano-Pref
394-0004 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
30.09.2011 |
|
|
|
|
Date of Incorporation : |
March 1987 |
|
|
|
|
Com. Reg. No.: |
1000-01-019340 (Nagano-Okaya) |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Manufacturer of IC package, IC
card, hybrid IC |
|
|
|
|
No. of Employees
: |
58 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
Yen 4.3 Million |
|
Status : |
Small Company |
|
Payment
Behaviour : |
Regular |
|
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
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Japan |
a1 |
a1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
IDEA SYSTEM CO LTD
Idea System KK
4-1-21 Shinmeicho Okaya
Nagano-Pref 394-0004 JAPAN
Tel: 0266-24-2744 Fax: 0266-24-2773
URL: http://www.idea-gr.co.jp/
E-Mail address: (thru the URL)
Mfg of
IC package, IC card, hybrid IC
Tokyo,
Kobe
At the
caption address
NOBUO
SAWA, PRES
Mutsumi
Kobayashi, ch
Hiroshi
Kobayashi, mgn dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 893 M
PAYMENTS REGULAR CAPITAL Yen
60 M
TREND SLOW WORTH Yen
45 M
STARTED 1987 EMPLOYES 58
MFR OF IC PACKAGE, IC CARD, AND THE RELATED
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR CREDIT ENGEMENTS:
US$50,000 / O/A 60 DAYS.
MAX
CREDIT LIMIT: YEN 4.3 MILLION, 30 DAYS NORMAL TERMS.
The subject company was established by Mutsumi Kobayashi, now ch at the
firm, in order to make most o his experience in the subject line of
business. This is a specialized mfr of
image monitoring system, system in package, OEM/EMS of electronic equipment, IC
packages, IC card, hybrid IC, other.
Goods are also imported and exported.
Clients include major electronics mfrs, Tokyo Metropolitan Police,
other.
The sales volume for Sept/2011 fiscal term amounted to Yen 893 million,
a 5% down from Yen 939 million in the previous term. High Yen eroded export revenues in Yen
terms. Demand revived both at home and
abroad. The recurring profit was posted
at Yen 10 million and the net profit at Yen 10 million, respectively, compared
with Yen 16 million recurring profit and Yen 8 million net profit,
respectively, a year ago.
For the current term ending Sept 2012 the recurring profit is projected
at Yen 12 million and the net profit at yen 10 million, respectively, on a 3%
rise in turnover, to Yen 920 million. .
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Max credit limit is estimated at Yen 4.3 million, on 30 days normal
terms. The proposed amount for 60 days
terms is considered within the firm’s financial capacities.
Date Registered: Mar 1987
Regd No.: 1000-01-019340 (Nagano-Okaya)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
4,800 shares
Issued: 1,200 shares
Sum: Yen 60 million
Major shareholders (%): Mutsumi Kobayashi (43.3),
Nagase Corp (16.7), Employees’ S/Holding Assn (10.0), Hiroshi Kobayashi (5.8)
No. of shareholders: 10
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures,
including OEM production, image monitoring systems (40%), system in package
(30%), electron controlling equipment (30%).
(Handling items): IC package, IC
card, hybrid IC, other.
Clients: [Electronic mfrs,
wholesalers, government agencies] Tokyo-Metro Police Dept, Mitsubishi Heavy
Ind, Toshiba Corp group, Seiko-Epson, Shin Denshi Kogyo, Kura Corporation,
ALSOK-Chiba Co, other
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] G-Net, Kyoden Co, Nagoya Electric Works, Daiwabo Information
System, ALGO System, Wintec Co, Marudai Denshi Kogyo, other
Payment record: Regular
Location: Business area in
Okaya City, Nagano-Pref. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References:
Hachijuni
Bank (Okaya-Higashi)
Mizuho
Bank (Matsumoto)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
30/09/2012 |
30/09/2011 |
30/09/2010 |
30/09/2009 |
|
|
Annual
Sales |
|
920 |
893 |
939 |
866 |
|
Recur.
Profit |
|
12 |
10 |
16 |
-18 |
|
Net
Profit |
|
10 |
10 |
8 |
-53 |
|
Total
Assets |
|
|
566 |
661 |
495 |
|
Current
Assets |
|
|
348 |
498 |
344 |
|
Current
Liabs |
|
|
246 |
422 |
245 |
|
Net
Worth |
|
|
45 |
35 |
26 |
|
Capital,
Paid-Up |
|
|
60 |
60 |
60 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.02 |
-4.90 |
8.43 |
-20.84 |
|
|
Current Ratio |
|
.. |
141.46 |
118.01 |
140.41 |
|
N.Worth Ratio |
.. |
7.95 |
5.30 |
5.25 |
|
|
R.Profit/Sales |
|
1.30 |
1.12 |
1.70 |
-2.08 |
|
N.Profit/Sales |
1.09 |
1.12 |
0.85 |
-6.12 |
|
|
Return On Equity |
.. |
22.22 |
22.85 |
.. |
|
Notes:
Forecast (or estimated) figures for the 30/09/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.90 |
|
UK Pound |
1 |
Rs.78.15 |
|
Euro |
1 |
Rs.65.09 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.