MIRA
INFORM REPORT
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Report Date : |
14.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
DEAGOSTINI JAPAN, KK |
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Registered Office : |
Tsukiji KY Bldg 8F, 4-7-5 Tsukiji Chuoku Tokyo 104-0045 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
Oct 1960 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Publishing agent of part-work
publications |
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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Maximum Credit Limit : |
Yen 343.9 millions |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
name
DEAGOSTINI JAPAN, KK
REGD NAME
KK Deagostini Japan
MAIN OFFICE
Tsukiji KY Bldg 8F, 4-7-5 Tsukiji Chuoku Tokyo 104-0045 JAPAN
Tel : 03-3524-1600
Fax : 03-3524-1601
URL : http://www.deagostini.co.jp
E-mail :
daj@das.ne.jp
ACTIVITIES
Publishing agent of part-work publications
BRANCHES
Nil
OFFICERS
HIDEYUKI OOYA, PRES
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 20,000 M
PAYMENTS REGULAR CAPITAL Yen 110 M
TREND STEADY WORTH Yen 3,036 M
STARTED 1960 EMPLOYES 70
COMMENT
PUBLISHING AGENT OF PART-WORK PUBLICATIONS, WHOLLY OWNED BY DEAGOSTINI PARTWORKS HOLDING BV.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 343.9 MILLION, 30 DAYS NORMAL
TERMS.
HIGHLIGHTS
The subject company was established as sales agent in Japan by
Deagostini Partworks Holding SA. The
first publication in Japan started in 1989 (Aircraft), English for You in 1993,
and The Oceanic Collection in 1984.
Almost every month the partworks are being published and sold. Clients are major publishers and consumers
(readers).
FINANCIAL INFORMATION
The sales volume for Dec/2006 fiscal term amounted to Yen 20,000 million, a 25% up from Yen 16,000 million in the previous term. Business continues expanding with new partworks being published each month/year. The net profit was posted at Yen 2,616 million, up from Yen 1,957 million a year ago.
For the current term ending Dec 2007 the net profit is
projected at Yen 2,650 million, on a 15% rise in turnover, to Yen 23,000
million.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 343.9 million, on 30 days normal terms.
REGISTRATION
Date Registered: Oct
1960
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 220,000
shares
Issued: 220,000
shares
Sum: Yen
110 million
Major shareholders (%):
DeAgostini Partworks Holding BV (100)
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Publishing agent of partworks publications, wholly
owned by DeAgostini Partworks Holding BV.
Clients: [Publishers] Tohan Corp, Japan Publications Trading, Kurita Shuppan Hambai, Osakaya, Chuosha, Taiyosha, other.
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Publishers, printing companies] Dainippon Printing,
Dentsu Wonder Man, Ono Packaging, Toppan Printing, McCann-Eriksson Japan,
other.
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
SMBC (Nihombashi)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/12/2007 |
31/12/2006 |
31/12/2005 |
31/12/2004 |
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Annual Sales |
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23,000 |
20,000 |
16,000 |
15,000 |
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Recur. Profit |
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Net Profit |
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2,650 |
2,616 |
1,957 |
1,303 |
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Total Assets |
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11,846 |
9,438 |
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Current Assets |
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11,516 |
9,158 |
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Current Liabs |
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8,636 |
6,907 |
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Net Worth |
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3,036 |
2,437 |
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Capital, Paid-Up |
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110 |
110 |
110 |
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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 |
15.00 |
25.00 |
6.67 |
15.38 |
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Current Ratio |
|
.. |
133.35 |
132.59 |
.. |
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N.Worth Ratio |
.. |
25.63 |
25.82 |
.. |
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R.Profit/Sales |
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.. |
.. |
.. |
.. |
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N.Profit/Sales |
11.52 |
13.08 |
12.23 |
8.69 |
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Return On Equity |
.. |
86.17 |
80.30 |
.. |
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Notes: Forecast (or estimated) for the 31/12/2007 fiscal
term.
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)