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Report Date : |
12.05.2014 |
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 : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
April 1992 |
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Com. Reg. No.: |
0100-01-044842 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of PC & peripherals |
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No. of Employees : |
12 |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
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 |
CYBERNETECH
CORPORATION
REGD NAME: KK
Cybernetech
MAIN OFFICE: SF
Bldg 7F, 1-16-11 Nihombashi-Kakigaracho Chuoku
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
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 288 M
PAYMENTS NO
COMPLAINTS CAPITAL Yen 120 M
TREND SLOW WORTH Yen
247 M
STARTED 1992 EMPLOYES 12
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. In 2013 obtained import
agency agreement with Thinklogical Inc, USA for importing their products, such
as optical fiber high-end rooters, extenders, matrix switches, other. Clients include electronics firms,
information system firms, other.
The sales volume for the Mar/2013 fiscal
term amounted to Yen 288 million, a 19% down from Yen 357 million in the
previous term. The recurring profit was posted
at Yen 23 million and the net profit at Yen 15 million, respectively, compared
with Yen 51 million recurring profit and Yen 27 million net profit,
respectively, a year ago.
For the term that ended Mar 2014 the recurring profit was projected at
Yen 25 million and the net profit at Yen 16 million, respectively, on a 6% rise
in turnover, to Yen 305 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, optical fiber high-end
rooters, separators, matrix switches, 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, Thinklogical
Inc, 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: |
31/03/2014 |
31/03/2013 |
31/03/2012 |
31/03/2011 |
|
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Annual
Sales |
|
305 |
288 |
357 |
342 |
|
Recur.
Profit |
|
25 |
23 |
51 |
30 |
|
Net
Profit |
|
16 |
15 |
27 |
21 |
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Total
Assets |
|
|
264 |
274 |
230 |
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Current
Assets |
|
|
246 |
259 |
210 |
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Current
Liabs |
|
|
16 |
43 |
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Net
Worth |
|
|
247 |
231 |
210 |
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Capital,
Paid-Up |
|
|
120 |
120 |
120 |
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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 |
5.90 |
-19.33 |
4.39 |
9.97 |
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Current Ratio |
|
.. |
1,537.50 |
602.33 |
#DIV/0! |
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N.Worth Ratio |
.. |
93.56 |
84.31 |
91.30 |
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R.Profit/Sales |
|
8.20 |
7.99 |
14.29 |
8.77 |
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N.Profit/Sales |
5.25 |
5.21 |
7.56 |
6.14 |
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|
Return On Equity |
.. |
6.07 |
11.69 |
10.00 |
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Notes: Forecast figures for the 31/03/2014
fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.05 |
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|
1 |
Rs.101.65 |
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Euro |
1 |
Rs.83.07 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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Report Prepared
by : |
NIS |
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 |
-- |
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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.