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Report Date : |
23.04.2013 |
IDENTIFICATION DETAILS
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Name : |
CYBERNETECH CORPORATION |
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Registered Office : |
SF Bldg 7F, 1-16-11 Nihombashi-Kakigaracho
Chuoku Tokyo 103-0014 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
April 1992 |
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Com. Reg. No.: |
0100-01-044842 (Tokyo-Chuoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of PC & peripherals |
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No. of Employees : |
15 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
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 ECONOMIC OVERVIEW
In the years following World War
II, government-industry cooperation, a strong work ethic, mastery of high
technology, and a comparatively small defense allocation (1% of GDP) helped
Japan develop a technologically advanced economy. Two notable characteristics
of the post-war economy were the close interlocking structures of
manufacturers, suppliers, and distributors, known as keiretsu, and the
guarantee of lifetime employment for a substantial portion of the urban labor
force. Both features are now eroding under the dual pressures of global
competition and domestic demographic change. Japan's industrial sector is
heavily dependent on imported raw materials and fuels. A small agricultural
sector is highly subsidized and protected, with crop yields among the highest
in the world. While self-sufficient in rice production, Japan imports about 60%
of its food on a caloric basis. For three decades, overall real economic growth
had been spectacular - a 10% average in the 1960s, a 5% average in the 1970s,
and a 4% average in the 1980s. Growth slowed markedly in the 1990s, averaging
just 1.7%, largely because of the after effects of inefficient investment and
an asset price bubble in the late 1980s that required a protracted period of time
for firms to reduce excess debt, capital, and labor. Modest economic growth
continued after 2000, but the economy has fallen into recession three times
since 2008. A sharp downturn in business investment and global demand for
Japan's exports in late 2008 pushed Japan into recession. Government stimulus
spending helped the economy recover in late 2009 and 2010, but the economy
contracted again in 2011 as the massive 9.0 magnitude earthquake and the
ensuing tsunami in March disrupted manufacturing. The economy has largely
recovered in the two years since the disaster, but reconstruction in the Tohoku
region has been uneven. Newly-elected Prime Minister Shinzo ABE has declared
the economy his government's top priority; he has pledged to reconsider his
predecessor's plan to permanently close nuclear power plants and is pursuing an
economic revitalization agenda of fiscal stimulus and regulatory reform and has
said he will press the Bank of Japan to loosen monetary policy. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, Japan
in 2012 stood as the fourth-largest economy in the world after second-place
China, which surpassed Japan in 2001, and third-place India, which edged out
Japan in 2012. The new government will continue a longstanding debate on
restructuring the economy and reining in Japan's huge government debt, which
exceeds 200% of GDP. Persistent deflation, reliance on exports to drive growth,
and an aging and shrinking population are other major long-term challenges for
the economy.
|
Source : CIA |
CYBERNETECH CORPORATION
KK Cybernetech
SF Bldg 7F,
1-16-11 Nihombashi-Kakigaracho Chuoku Tokyo 103-0014 JAPAN
Tel:
03-3668-8089
Fax: 03-3668-9872
URL: http://www.cybernetech.co.jp/
E-Mail address: (thru the URL)
Import, wholesale of PC & peripherals
Nil
YOJI
HIRAKATA, PRES
Toshiko
Hirakata, dir
Kaneo
Kurogane, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 357 M
PAYMENTS No
Complaints CAPITAL Yen
120 M
TREND UP WORTH Yen 231 M
STARTED 1992 EMPLOYES 15
IMPORTER & WHOLESALER SPECIALIZING IN PC &
PERIPHERALS
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
The subject company was established by Yoji Hirakata in order to make
most of his experience in the subject line of business. This is a trading firm for import & wholesale
of PC & peripherals (See OPERATION). Goods are imported from USA, Canada, Taiwan,
Europe, other. Clients include
electronics firms, information system firms, other.
The sales volume for the Mar/2012 fiscal term amounted to Yen 357
million, a 4% up from Yen 342 million in the previous term. The recurring profit was posted at Yen 51
million and the net profit at Yen 27 million, respectively, compared with Yen
30 million recurring profit and Yen 21 million net profit, respectively, a year
ago.
For the term that just ended Mar 2013 the recurring profit was projected
at Yen 55 million and the net profit at Yen 30 million, respectively, on a 4%
rise in turnover, to Yen 370 million.
Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Apr 1992
Regd No.: 0100-01-044842 (Tokyo-Chuoku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
8,000 million shares
Issued:
2,400 shares
Sum: Yen 120 million
Major shareholders (%): Yoji Hirakata (94), Toshiko
Hirakata (6)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and wholesales PC & peripherals: data storage, KVM switch extender, optical cables/accessories, fiber channel cables, SAS cables, networking devices, infiniband cables, A/V equipment, network camera, remote console server, digital signage appliances, interconnect device & frame rack, IP camera & server, other (--100%)
Goods are imported from: USA, Europe, Israel, Taiwan, Australia, other.
Clients: [Electronics mfrs, wholesalers] Daiwabo Information System, Marubeni Infotec. Toshiba Information System Products, Nissho Electronics, Otsuka Corp, Catena Corp, Nihon Denkei Co, Systena Corp, SYNNEX Infotec Corp, other
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Accordance Systesm, Axus Technology, COMMEX Technology, CS Electronics, DT Research, Ether Wan Systems, Flextronics, Lin Vision, Mac Sense, Max Tronic International, Packet Light Networks, Pan Dacom, Proware Technology, PGB Spectrum, Rose Electronics, Silicom, Small Trees, other (cited from the firm’s Website)
Payment record: No Complaints
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Ohdenmacho)
SMBC (Ningyocho)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
|
Annual
Sales |
|
370 |
357 |
342 |
311 |
|
Recur.
Profit |
|
55 |
51 |
30 |
.. |
|
Net
Profit |
|
30 |
27 |
21 |
14 |
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Total
Assets |
|
|
274 |
230 |
N/A |
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Net
Worth |
|
|
231 |
210 |
-48 |
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Capital,
Paid-Up |
|
|
120 |
120 |
120 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.64 |
4.39 |
9.97 |
-8.53 |
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Current Ratio |
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|
.. |
.. |
.. |
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N.Worth Ratio |
|
84.31 |
91.30 |
.. |
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N.Profit/Sales |
8.11 |
7.56 |
6.14 |
4.50 |
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Notes: Financials are only partially
disclosed.
Forecast figures for the
31/03/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.17 |
|
UK Pound |
1 |
Rs.82.45 |
|
Euro |
1 |
Rs.70.70 |
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 |
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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 |
|
---- |
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.