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Report Date : |
25.06.2014 |
IDENTIFICATION DETAILS
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Name : |
VISUAL COM INC |
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Registered Office : |
Tokyo Bayview 1302, 4-2-22 Shibaura
Minatoku Tokyo 108-0023 |
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Country : |
Japan |
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Financials (as on) : |
30.06.2014 (Estimated) |
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Date of Incorporation : |
August 2001 |
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Com. Reg. No.: |
0104-01-049217
(Tokyo-Minatoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
· Engaged as a System integrator of AV communication systems · importer and wholesaler of Video Converters, Cables & Connectors, Touch Panel & Control System, Digital Signage Solution, Video Equipment, Cabinet & Racks as well as Screen/Display Hangers |
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No of Employees : |
03 |
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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Maximum Credit Limit : |
Yen 1.5 Million |
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Status : |
Moderate |
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Payment Behaviour : |
Slow But Correct |
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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 31, 2014
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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. Prime Minister Shinzo ABE
has declared the economy his government's top priority; he has overturned his
predecessor's plan to permanently close nuclear power plants and is pursuing an
economic revitalization agenda of fiscal stimulus, monetary easing, and
structural reform. Japan joined the Trans Pacific Partnership negotiations in
2013, a pact that would open Japan's economy to increased foreign competition
and create new export opportunities for Japanese businesses. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, Japan
in 2013 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 is
exceeding 230% of GDP. To help raise government revenue and reduce public debt,
Japan decided in 2013 to gradually increase the consumption tax to a total of
10% by the year 2015. Japan is making progress on ending deflation due to a
weaker yen and higher energy costs, but reliance on exports to drive growth and
an aging, shrinking population pose other major long-term challenges for the
economy.
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Source : CIA |
VISUAL COM INC
KK Visual Com
Tokyo Bayview
1302, 4-2-22 Shibaura Minatoku Tokyo 108-0023 JAPAN
Tel: 03-5418-5194 Fax: 03-3453-2926
URL: http://www.visualcm.com
E-Mail address: sales@visualcm.com
· Engaged as a System integrator of AV communication systems
·
importer
and wholesaler of Video
Converters, Cables & Connectors, Touch Panel & Control System, Digital
Signage Solution, Video Equipment, Cabinet & Racks as well as
Screen/Display Hangers
Nil
Seattle
YUKITO
KATO, PRES Keiichi Tsukuda,
s/mgn dir
Kiichiro
Tokita, dir Yoshinori Kato, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES R/WEAK A/SALES Yen 89 M
PAYMENTS Slow
But Correct CAPITAL Yen 10 M
TREND UP WORTH Yen 52 M
STARTED 2001 EMPLOYES 3
SYSTEM INTEGRATOR OF AV
COMMUNICATION SYSTEMS.
FINANCIAL SITUATION CONSIDERED
RATHR WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: ESTIMATED AT YEN 1.5 MILLION, ON 30 DAYS NORMAL TERMS.
The subject company was established by Yukito Kato in order to make most of his experience in the subject line of business. This is a trading firm specializing in system integration of AV communication systems, AV-related equipment & products, other (See OPERATION). Goods are imported and exported. Clients include communication firms, engineering mfrs, other.
Financials are disclosed only partially.
The sales volume for Jun/2013 fiscal term amounted to Yen 89 million, an 82% up from Yen 49 million in the previous term. Market recovered from the rock-bottom period of the last term. The operations came back to profitability to post Yen 1 million net profit, compared with Yen 5 million net losses a year ago.
For the current term ending Jun 2014 the net profit is projected at Yen 8 million, on a 5% rise in turnover, to Yen 93 million. Business is seen expanding steadily.
The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 1.5 million, on 30 days normal terms.
Date Registered: Aug 2001
Regd No.: 0104-01-049217 (Tokyo-Minatoku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
800 shares
Issued:
200 shares
Sum: Yen 10 million
Major shareholders (%): Yukito Kato (55), Keiichi
Tsukuda (45)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
Activities: System integrator of AV communication systems; import and wholesale of: video converters, cables & connectors, Touch panel & control system, digital signage solution, video equipment, cabinet & racks, screen/display hangers, other (--100%)
Clients: [Mfrs, wholesalers] Mitomo Co, Kyoshin Communications Co, Towa Engineering, Den-On Engineering, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Electori Co, KDK, KIC, Kyoei Shoji Co, Taiyo Electric Cable, Crestron Japan, Kanare Electric Co, Human Co, other
Payment record: Slow But Correct
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactory.
Bank References:
Saikyo Shinkin Bank (Ginza)
Mizuho Bank (Koenji)
Relations: Satisfactory
(In Million Yen)
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Terms Ending: |
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30/06/2014 |
30/06/2013 |
30/06/2012 |
30/06/2011 |
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Annual
Sales |
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93 |
89 |
49 |
75 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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8 |
1 |
-5 |
4 |
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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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52 |
51 |
46 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.49 |
81.63 |
-34.67 |
74.42 |
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Current Ratio |
.. |
.. |
.. |
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N.Worth Ratio |
.. |
.. |
.. |
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N.Profit/Sales |
8.60 |
1.12 |
-10.20 |
5.33 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 30/06/2014 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.11 |
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UK Pound |
1 |
Rs.102.32 |
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Euro |
1 |
Rs.81.75 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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-- |
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.