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Report No. : |
322367 |
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Report Date : |
13.05.2015 |
IDENTIFICATION DETAILS
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Name : |
INFINITEC CO LTD |
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Registered Office : |
Gotanda NN Bldg 3F, 2-12-19 Nishi-Gotanda Shinagawaku Tokyo 141-0031 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
August 1999 |
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Com. Reg. No.: |
0107-01-017500 |
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Legal Form : |
Limited Company |
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Line of Business : |
Development & marketing of network corresponding AV system,
security-related equipment & application, voice-image recognition-related
solution, PC’s & peripherals, software, other (--100%) |
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No. of Employees : |
25 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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.
Since the complete shutdown of Japan’s nuclear reactors after the earthquake
and tsunami disaster in 2011, Japan's industrial sector has become 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 four 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. A sales tax increase caused
the economy to contract during the 2nd and 3rd quarters of 2014. The economy
has largely recovered in the three years since the disaster, but reconstruction
in the Tohoku region has been uneven due to labor shortages. 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 2014 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 government will continue a
longstanding debate on restructuring the economy and reining in Japan's huge government
debt, which amounts to more than 240% 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 2015, although the government in 2014
decided to postpone the final phase of the increase until 2017 to give the
economy time to recover from the 2014 increase. 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 |
INFINITEC CO LTD
KK Infinitec
Gotanda NN Bldg 3F, 2-12-19 Nishi-Gotanda Shinagawaku Tokyo 141-0031
JAPAN
Tel: 03-5759-6810 Fax: 03-5759-6820
URL: http://www.infinitec.co.jp
E-Mail address: info@infinitec.co.jp
ACTIVITIES: Wholesale of network responding AV system,
security-related equipment
BRANCHES: Nil
FACTORIES: Yonezawa
OFFICERS: SHIN HAGA, PRES Takashi Uemura, dir
Koichi
Nishiyama, dir Takeshi
Osawa, dir
Yen Amount: In million Yen,
unless otherwise stated
FINANCES FAIR A/SALES Yen 442 M
PAYMENTS NO COMPLAINTS CAPITAL Yen 50 M
TREND STEADY WORTH Yen 392 M
STARTED 1999 EMPLOYES 25
COMMENT: DEVELOPMENT OF NETWORK CORRESPONDING AV
SYSTEMS, OTHER FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
The subject company was established on the basis of a division separated
from UKC Holdings Corp (See REGISTRATION). This is a developer and marketer of network
corresponding AV system, security-related equipment & application,
voice/image recognition-related solution, software, other. Clients include electronics mfrs, other.
The sales volume for Mar/2014 fiscal term amounted to Yen 442 million, a
14% up from Yen 387 million in the previous term. The recurring profit was posted at Yen 29
million and the net profit at Yen 27 million, respectively, compared with Yen 5
million recurring profit and Yen 7 million net profit, respectively, a year
ago.
For the term that ended Mar 2015 the recurring profit was projected at
Yen 32 million and the net profit at Yen 30 million, respectively, on a 5% rise
in turnover, to Yen 465 million. Final
results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Aug
1999
Regd No.: 0107-01-017500
(Tokyo-Shinagawaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 4,000 shares
Issued:
1,000 shares
Sum: Yen 50 million
Major shareholders
(%): UKC Holdings Corp* (60), Employees’ S/Holding Assn (30), Techno Care
Corp (10)
No. of shareholders: 3
*.. Top-ranked electronic trading company in Japan, Tokyo, founded 2009,
listed Tokyo S/E, capital Yen 4,383 million, sales Yen 317,042 million,
operating profit Yen 6,925 million, recurring profit Yen 7,237 million, net
profit Yen 4,398 million, total assets Yen 128,289 million, net worth Yen
54,032 million, employees 1,290, pres Yukio Fukuju
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Development
& marketing of network corresponding AV system, security-related equipment
& application, voice-image recognition-related solution, PC’s &
peripherals, software, other (--100%)
Clients: [Mfrs,
wholesalers] Uchida Yoko Co, UKC Electronics, Kyoshin Communications, Techno
Care Corp, Nihon Unisys Ltd, NTT Data, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Miyuki Seiki Co, Takahata Electronics Corp, other
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactory.
Bank References:
Mizuho Bank (Gotanda)
SMBC (Gotanda)
Relations: Satisfactory
(In Million Yen)
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Terms
Ending: |
31/03/2015 |
31/03/2014 |
31/03/2013 |
31/03/2012 |
|
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Annual Sales |
|
465 |
442 |
387 |
395 |
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Recur. Profit |
|
32 |
29 |
5 |
-2 |
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Net Profit |
|
30 |
27 |
7 |
-77 |
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Total Assets |
|
|
557 |
500 |
480 |
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Current Assets |
|
|
542 |
58 |
55 |
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Current Liabs |
|
|
78 |
14 |
14 |
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Net Worth |
|
|
392 |
365 |
358 |
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Capital, Paid-Up |
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|
50 |
50 |
50 |
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Div.P.Share(¥) |
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|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
5.20 |
14.21 |
-2.03 |
-1.25 |
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Current Ratio |
|
.. |
694.87 |
414.29 |
392.86 |
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N.Worth Ratio |
|
.. |
70.38 |
73.00 |
74.58 |
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R.Profit/Sales |
|
6.88 |
6.56 |
1.29 |
-0.51 |
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N.Profit/Sales |
|
6.45 |
6.11 |
1.81 |
-19.49 |
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Return On Equity |
|
.. |
6.89 |
1.92 |
-21.51 |
Notes: Forecast (or estimated) figures for the 31/03/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.20 |
|
|
1 |
Rs.100.03 |
|
Euro |
1 |
Rs.71.91 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
TPT |
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.