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Report Date : |
20.07.2013 |
IDENTIFICATION DETAILS
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Name : |
ODIN ELECTRONICS CO LTD |
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Registered Office : |
Otogino Bldg 3F, 2-2123-1 Kitatomoda Hida Oita-Pref 877-0078 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
April, 2007 |
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Com. Reg. No.: |
3200-01-010480 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale, retail of security systems |
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No. of Employees : |
4 |
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 : |
Small Company |
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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 – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
|
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 |
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 |
ODIN ELECTRONICS
CO LTD
Odin Electronics KK
Otogino Bldg 3F, 2-2123-1 Kitatomoda Hida Oita-Pref 877-0078 JAPAN
Tel: 0973-26-0699 Fax:
0973-26-0698
URL: http://www.odinelectronics.jp
E-Mail address: y-shop@odinelectronics.jp
Import, export, wholesale, retail of security systems
Tokyo, Fukuoka
Taiwan, China (2)
(subcontracted)
KIMIHIRO ONITAKE, PRES
Narumichi Watanabe, dir
Takeshi Sadasue, dir
Yen Amount: In million Yen,
unless otherwise stated
FINANCES R/WEAK A/SALES Yen 200 M
PAYMENTS NO COMPLAINTS CAPITAL Yen 5 M
TREND UP WORTH Yen 14 M
STARTED 2007 EMPLOYES 4
TRADING FIRM SPECIALIZING IN SECURITY SYSTEMS.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE OOOD FOR
MODERATE BUSINESS ENGAGEMENTS.
The subject company was established by Kimihiro Onitake in order to make
most of his experience in the subject line of business. This is a trading firm, with mfg division,
for import, export and wholesale of security systems: security cameras,
security monitors, other. Goods are
manufactured by a subsidiary company.
Goods are also imported. Goods
are marketed and sold thru agent dealers.
Goods are sold online, too.
Clients are business firms, consumers, other.
Financials are only partially disclosed.
The sales volume for Mar/2012 fiscal term amounted to Yen 200 million, a
54% up from Yen 130 million in the previous term. The number of agent dealers rose. The net profit was posted at Yen 3 million,
compared with Yen 2 million a year ago.
For the term that ended Mar 2013 the net profit was projected at Yen 5
million, on a 10% rise in turnover, to Yen 220 million. Final results are yet to be released.
The financial situation is considered RATHER WEAK but should be good for
MODERATE business engagements.
Date Registered: Apr
2007
Regd No.: 3200-01-010480
(Oita-Hida)
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 400 shares
Issued:
100 shares
Sum: Yen
5 million
Major shareholders
(%): Kimihiro Onitake (100)
Nothing detrimental is known as to his commercial morality.
Activities: Imports,
exports, wholesales and retails (online shop) electronic security systems:
security cameras, security monitors, office computers, others (--100%)
Clients: Business firms,
consumers, others
No. of accounts:
Unavailable
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Imports from Taiwan, China, other
Payment record: No Complaints
Location: Business area in
Hida City, Oita-Pref. Office premises at
the caption address are leased and maintained satisfactorily.
Bank References:
Nishinippon City Bank (Hida)
Japan Net Bank (H/O)
Relations: Satisfactory
(In Million Yen)
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Terms Ending: |
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31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
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Annual Sales |
|
220 |
200 |
130 |
120 |
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Recur. Profit |
|
.. |
.. |
.. |
.. |
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Net Profit |
|
5 |
3 |
2 |
3 |
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Total Assets |
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N/A |
N/A |
N/A |
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Net Worth |
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|
14 |
11 |
8 |
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Capital, Paid-Up |
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|
5 |
5 |
5 |
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Div.P.Share(¥) |
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|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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|
S.Growth Rate |
10.00 |
53.85 |
8.33 |
25.00 |
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Current Ratio |
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|
.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
.. |
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N.Profit/Sales |
2.27 |
1.50 |
1.54 |
2.50 |
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Notes: Financials are only
partially disclosed.
Forecast (or estimated) figures for the 31/03/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.79 |
|
|
1 |
Rs.91.03 |
|
Euro |
1 |
Rs.78.52 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
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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 |
|
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 |
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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 |
|
<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.