MIRA INFORM REPORT

 

 

Report Date :

05.05.2012

 

IDENTIFICATION DETAILS

 

Name :

SYSTEC INTERNATIONAL INC

 

 

Registered Office :

Okina Bldg, 3-2-9 Nishi-Tenma Kitaku Osaka 530-0047

 

 

Country :

Japan

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

March 1993

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Export of AV equipment & products

 

 

No. of Employees :

20

 

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 :

--

 

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 and address

 

SYSTEC INTERNATIONAL INC

REGD NAME:    Systec International KK

MAIN OFFICE:  Okina Bldg, 3-2-9 Nishi-Tenma Kitaku Osaka 530-0047 JAPAN

Tel: 06-6363-4601      Fax: 06-6363-3666

                                               

URL:                 http://www.systecintl.com

E-Mail address: info@systecintl.com

 

 

ACTIVITIES  

 

Export of AV equipment & products

 

BRANCHES   

 

Nil

 

OVERSEAS   

 

Dubai

 

 

OFFICERS

 

HIROFUMI TAKINO, PRES         Hidemitsu Arata, dir

Toshie Takase, dir                      Mihoko Koshikawa, dir                          

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES                    FAIR                             A/SALES          Yen 2,098 M

PAYMENTS      NO COMPLAINTS          CAPITAL           Yen 10 M

TREND             SLOW                          WORTH            Yen 218 M

STARTED                     1993                             EMPLOYES      20

 

                       

COMMENT    

 

EXPORT OF AV EQUIPMENT, COMPONENTS, DEVICES, OTHERS.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

                       

HIGHLIGHTS

           

            The subject company was established by Hirofumi Takino in order to make most of his experience in the subject line of business.  This is a trading firm, with mfg division, for export of AV equipment, devices, other.  Offers services as system integration, technical, maintenance & spare parts supplies.  It serves to broad range of clients from broadcasters to educational institutions.  Has Dubai Branch Office to cover the areas.

 

 

FINANCIAL INFORMATION

           

            The sales volume for Dec/2010 fiscal term amounted to Yen 2,098 million, a 9% down from Yen 2,305 million in the previous term.  The recurring profit was posted at Yen 11 million and the net profit at Yen 8 million, respectively, compared with Yen 12 million recurring profit and Yen 9 million net profit, respectively, a year ago.

 

            For the term that ended Dec 2011 the recurring profit was projected at Yen 12 million and the net profit at Yen 10 million, respectively, on a 2% rise in turnover, to Yen 2,150 million.  Final results are yet to be released. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 55.5 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Mar 1993

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800 shares

Issued:                200 shares

Sum:                   Yen 10 million

Major shareholders (%): Hirofumi Takino (49)

No. of shareholders: 7

           

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

 

 

OPERATION

           

Activities: Trading firm for export and wholesale of: Panasonic CCTV & support products, broadcast-pro AV products, Panasonic display & system support products, AV components & supplies, offering such services as system integration, technical, advice, maintenance & spare parts supplies (--100%)

 

Clients: [Mfrs, wholesalers] Exports to Philippines, UAE, Iran, Pakistan, Vietnam, Korea, Taiwan, Singapore, Hong Kong, Bulgaria, other

No. of accounts: Unavailable

Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] Panasonic Corp, Canon Inc, TOA, IDX, Heiwa Seiki Kogyo, Komamura Corp, Kanare Electric Co, Leader Electronics Corp, other

 

Payment record: No Complaints

 

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

 

Bank References:

Mizuho Bank (Umeda)

MUFG (Umeda-Shindo)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

       Terms Ending:

31/12/2011

31/12/2010

31/12/2009

31/12/2008

Annual Sales

　

2,150

2,098

2,305

2,264

Recur. Profit

　

12

11

12

　

Net Profit

　

10

8

9

7

Total Assets

　

　

654

787

621

Current Assets

　

　

596

728

　

Current Liabs

　

　

435

569

　

Net Worth

　

　

218

209

200

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(₯)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.48

-8.98

1.81

0.62

    Current Ratio

 

..

137.01

127.94

..

    N.Worth Ratio

..

33.33

26.56

32.21

    R.Profit/Sales

 

0.56

0.52

0.52

..

    N.Profit/Sales

0.47

0.38

0.39

0.31

    Return On Equity

..

3.67

4.31

3.50

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/12/2011 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.72

UK Pound

1

Rs.86.98

Euro

1

Rs.70.64

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

 

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.