MIRA
INFORM REPORT
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Report Date : |
13th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
DAINI
KAIENTAI CO LTD |
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Registered Office : |
Surugadai
Sunrise Bldg 2F, 2-11-1 Kanda-Surugadai Chiyodaku Tokyo 101-0062, Japan |
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Country : |
Japan |
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Financials (as on) : |
31.12.2006
(Estimated) |
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Date of Incorporation : |
January
1996 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Publisher specializing in economic journal. |
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 23.7 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name
DAINI KAIENTAI
CO LTD
REGD NAME
KK Daini
Kaientai
MAIN OFFICE
Surugadai
Sunrise Bldg 2F, 2-11-1 Kanda-Surugadai Chiyodaku Tokyo 101-0062 JAPAN
Tel :
03-3291-1131
Fax :
03-3291-1133
URL : http://www.dainikaientai.co.jp
E-Mail address :
yasu@dainikaientai.co.jp
ACTIVITIES
Publisher
BRANCHES
Nil
OFFICERS
NOBUYOSHI SEKI, PRES (Pen-name Takashi Asai)
Takao Osawa, dir Masahiko
Inada, dir
Yasuhiro Sakamoto, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 419 M
PAYMENTS REGULAR CAPITAL Yen 429 M
TREND STEADY WORTH Yen 786 M
STARTED 1996 EMPLOYES 18
COMMENT
PUBLISHER OF ECONOMIC JOURNALS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 23.7 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by Nobuyoshi Seki (pen name
Takashi Asai) in order to make most of his experience in the subject line of
business. This is a publisher
specializing in economic journals.
Books are written by Nobuyoshi Seki under pen name of Takashi Asai,
particularly series of books “Japan Bankruptcy”, and other business
reports. As a sideline wholesales
health-foods & drinks.
FINANCIAL INFORMATION
Financials are disclosed only in digest statement as attached.
The sales volume for Dec/2005 fiscal term amounted to Yen 491
million, a 9% up from Yen 449 million in the previous term. The net profit was posted at Yen 93 million,
compared with Yen 104 million a year ago.
For the term ended Dec 2006 the net profit was projected and
believed posted at Yen 95 million, on a 2% rise in turnover, to Yen 500
million. Final results are yet to be
available.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 23.7 million, on 30 days normal terms.
REGISTRATION
Date Registered : Jan 1996
Legal Status :
Limited Company (Kabushiki Kaisha)
Authorized :
34,320 shares
Issued :
8,580 shares
Sum :
Yen 429 million
Major shareholders (%)
Nobuyoshi Seki (22), Asai Japan (6), Tsuneharu Isa (3), Miyako Tanaka (2)
No. of shareholders: 219
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Publisher specializing in economic journal (--100%).
Clients
[Book wholesalers, registered members] Tohan Corp, Osakaya, Nippon
Shuppan Hambai Inc, Kurita Shuppan Hambai, Taiyosha, other.
No. of accounts
Unavailable
Domestic areas of activities
Nationwide
Suppliers
[Publishers, printing houses] Hakuhodo Inc, Tanigawa Printing,
Yamaichi Kami Shoji, other.
Payment record
Regular
Location
Business area in Tokyo.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
SMBC (Kanda)
MUFJ (Iidabashi)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/12/2006 |
31/12/2005 |
31/12/2004 |
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Annual
Sales |
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500 |
491 |
449 |
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Recur.
Profit |
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Net
Profit |
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95 |
93 |
104 |
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Total
Assets |
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967 |
870 |
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Current
Assets |
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308 |
275 |
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Current
Liabs |
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101 |
111 |
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Net
Worth |
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786 |
708 |
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Capital,
Paid-Up |
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429 |
429 |
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Div.P.Share(¥) |
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<Analytical
Data> |
(%) |
(%) |
(%) |
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S.Growth Rate |
1.83 |
9.35 |
21.35
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Current Ratio |
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.. |
304.95
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247.75
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N.Worth Ratio |
.. |
81.28
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81.38
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R.Profit/Sales |
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.. |
.. |
.. |
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N.Profit/Sales |
19.00
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18.94
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23.16
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Return On Equity |
.. |
11.83
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14.69
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Note: Forecast (or
estimated) for the 31/12/2006 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/normal. |
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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