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Report Date : |
25.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
INFOR JAPAN KK |
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Registered Office : |
Shinjuku Park Tower S 35F, 3-7-1 Nishi-Shinjuku Shinjukuku Tokyo 160-0023 |
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Country : |
Japan |
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Financials (as on) : |
31.05.2012 |
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Date of Incorporation : |
October 1995 |
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Com. Reg. No.: |
0111-01-034025 (Tokyo-Shinjukuku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Fabrication of package software |
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No. of Employees : |
108 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Maximum Credit Limit: |
-- |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 (31.03.2011) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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
INFOR JAPAN KK
REGD NAME: Infor
Japan KK
MAIN OFFICE: Shinjuku
Park Tower S 35F, 3-7-1 Nishi-Shinjuku Shinjukuku Tokyo 160-0023
JAPAN
Tel:
03-5339-4801 Fax: 03-5339-4740
URL: http://www.infor.jp
E-Mail address: japaninfo@infor.jp
Fabrication of
package software
Osaka
SATOSHI MURAKAMI,
PRES
Yen Amount: In million Yen, unless otherwise stated
FINANCES R/WEAK A/SALES Yen 3,468 M
PAYMENTS SLOW CAPITAL Yen 1,600 M
TREND SLOW WORTH Yen
(-) 354 M
STARTED 1995 EMPLOYES 108
FABRICATOR OF PACKAGE SOFTWARE.
FINANCIAL SITUATION CONSIDERED RATHER WEAK
BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN (-) 52.4 MILLION, 30
DAYS, RECOMMENDING FULLY SECURED NORMAL TERMS ON NEW TRANSACTIONS
The subject company was
established as Japan Branch Office by Infor Global Solutions Technology
GmbH. This is a specialized developer
and fabricator of package software.
Clients include major electronics makers, car makers, mfrs, other.
The sales volume for
May/2012 fiscal term amounted to Yen 3,468 million, a 6% down from Yen 3,673
million in the previous term. The operations
continued in the red to post Yen 80 million recurring loss and Yen 80 million
net losses, respectively, compared with Yen 86 million recurring loss and Yen
72 million net losses, respectively, a year ago.
For the current term
ending May 2013 the operations are projected to come back to profitability but
still limited to a minimum amount post-taxes, on a 1% rise in turnover, to Yen
9,600 million.
The financial
situation is considered RATHER WEAK but should be good for MODERATE business
engagements. Max credit limit is
estimated at Yen (-) 52.4 million, on 30 days, recommending fully secured terms
on new transactions. Negative net worth.
Date Registered: Oct
1995
Regd No.:
0111-01-034025 (Tokyo-Shinjukuku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 56,000 shares
Issued: 56,000 shares
Sum: Yen 2,800 million
Major
shareholders (%): Infor Global Solutions Technology GmbH (100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Develops and
fabricates package software, others (--100%)
Clients: [Mfrs,
wholesalers] Makita Corp, Tokyo Electron, Komatsu, Honda Motor, Murata
Machinery, other
No. of accounts:
500
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs,
wholesalers] Infor Global Solutions, other
Payment record: Slow
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
MUFG (Shinjuku-Nishi)
Mizuho Bank
(Tokyo)
Relations:
Satisfactory
(In Million
Yen)
|
Terms Ending: |
31/05/2013 |
31/05/2012 |
31/05/2011 |
31/05/2010 |
|
|
Annual
Sales |
|
3,500 |
3,468 |
3,673 |
3,800 |
|
Recur.
Profit |
|
0 |
-80 |
-86 |
|
|
Net
Profit |
|
0 |
-80 |
-72 |
-230 |
|
Total
Assets |
|
|
1,379 |
2,110 |
2,674 |
|
Current
Assets |
|
|
974 |
1,969 |
2,540 |
|
Current
Liabs |
|
|
1,605 |
2,207 |
2,597 |
|
Net
Worth |
|
|
-354 |
-266 |
-282 |
|
Capital,
Paid-Up |
|
|
2,600 |
2,600 |
2,600 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
0.92 |
-5.58 |
-3.34 |
-5.00 |
|
|
Current Ratio |
|
.. |
60.69 |
89.22 |
97.81 |
|
N.Worth Ratio |
.. |
-25.67 |
-12.61 |
-10.55 |
|
|
R.Profit/Sales |
|
0.00 |
-2.31 |
-2.34 |
.. |
|
N.Profit/Sales |
0.00 |
-2.31 |
-1.96 |
-6.05 |
|
Notes: Forecast (or
estimated) figures for the 31/05/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.30 |
|
|
1 |
Rs.82.88 |
|
Euro |
1 |
Rs.70.80 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.