|
Report Date : |
29.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
COMPUTEC ENGINEERING LTD |
|
|
|
|
Registered Office : |
Computtec Ichigaya Bldg 3F, 2-20 Ichigaya Honmuracho Shinjukuku Tokyo 162-0845 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
February
1999 |
|
|
|
|
Com. Reg. No.: |
Not Available |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
· developer of PC software · provider of Internet-use solutions |
|
|
|
|
No. of Employees |
90 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
Yen 20.5 Million |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 |
COMPUTEC ENGINEERING LTD
Computec
Engineering KK
Computtec Ichigaya Bldg 3F, 2-20 Ichigaya Honmuracho Shinjukuku Tokyo
162-0845JAPAN
Tel: 03-5225-7017 Fax: 03-5225-7015
URL: http://www.computec.co.jp
E-Mail address: info@computec.co.jp
· developer of PC software
· provider of Internet-use solutions
Nil
China
(2), Singpore, Hong Kong, Korea
(subcontracted)
JOHN
REMKOOL, PRES (Only phonetically spelled)
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 678 M
PAYMENTSNo Complaints
CAPITAL Yen 10 M
TREND UP WORTH Yen 129 M
STARTED 1999 EMPLOYES 90
SOFTWARE DEVELOPER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 20.5 MILLION, 30 DAYS NORMAL TERMS
The subject company was established originally in 1990, on
own account, and was incorporated in 1999.
The actual operations started in 2010.
Revenues are rising due to increasing client networks in China, Korea,
other S/E countries. Clients include
electronics makers, trading houses, other.
Financials are only partially disclosed.
The sales volume for Dec/2012 fiscal term amounted to Yen 670 million, a
29% up from Yen 518 million in the previous term. Client networks were expanded to overseas and
law offices. The net profit was posted
at Yen 25 million, compared with Yen 16 million a year ago.
For the term that ended Dec 2013 the net profit was projected at Yen 30
million, on a 5% rise in turnover, to Yen 700 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 20.5 million, on 30 days normal terms.
Date Registered: Feb
1999
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized:
200 shares
Issued:
200 shares
Sum: Yen 10 million
Major shareholders (%): John Remcool (100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: PC software
developer, Internet-use solutions, other (--100%)
Clients: [Mfrs,
wholesalers] Cannon Inc, Fuji Xerox, Hitachi Ltd, KDI, SoftBank Telecom,
Sumitomo Corp, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] SoftBank, Networks, other
Payment record: No Complaints
Location:
Business area in Tokyo. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References:
SMC
(Kojimachi)
City
Bank (Ohtemachi)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
Annual
Sales |
|
700 |
670 |
518 |
|
Recur.
Profit |
|
.. |
.. |
27 |
|
Net
Profit |
|
30 |
25 |
16 |
|
Total
Assets |
|
|
N/A |
501 |
|
Net
Worth |
|
|
129 |
104 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.48 |
29.34 |
--- |
|
|
Current Ratio |
.. |
.. |
||
|
N.Worth Ratio |
.. |
20.76 |
||
|
N.Profit/Sales |
4.29 |
3.73 |
3.09 |
|
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/12/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.09 |
|
UK Pound |
1 |
Rs.99.85 |
|
Euro |
1 |
Rs.82.58 |
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 |
|
|
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.