MIRA
INFORM REPORT
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Report Date : |
01.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
SHINJUSHA CO LTD |
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Registered Office : |
1-17-7 Mejirodai Bunkyoku Tokyo 112-0015 |
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Country : |
Japan |
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Financials (as on) : |
30.09.2007 |
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Date of Incorporation : |
October, 1954 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Publishing Agency |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
Yen 1.8 Million |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
Name
SHINJUSHA CO LTD (THE CORRECT
COMPANY SPELLING)
REGD NAME
KK Shinjusha
MAIN OFFICE
1-17-7 Mejirodai Bunkyoku Tokyo 112-0015 JAPAN
Tel: 03-3941-2103 Fax:
03-3941-2207
URL: http://www.shinjusha.net/
E-Mail address:info@shinjusha.net
ACTIVITIES
Publishing agency
BRANCHES
Nil
FACTORY(IES)
(subcontracted to printing houses)
OFFICERS
KAZUKO SAKUBA, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 90 M
PAYMENTS REGULAR CAPITAL Yen 30 M
TREND UP WORTH Yen 113 M
STARTED 1954 EMPLOYES 3
COMMENT
PUBLISHING
AGENCY.
FINANCIAL
SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 1.8 MILLION, ON 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by Tokiko Yuzu in order to make most of her experience and networks with writers when she was with Chuo Koronsha, one of the leading intellectual magazine publishers. This is a publishing agency of books & magazines (see OPERATION). Books are shipped to major publishing wholesale distributors for delivery to book stores, department stores, other, nationwide.
FINANCIAL INFORMATION
Financials are not disclosed in full, except the following partial figures.
The revenues for Sept/2007 fiscal term amounted to Yen 90 million, 13% hike from Yen 80 million in the previous term. Best-selling books of explosive sales contributed. The net profit was posted at Yen 6 million, up from Yen 5 million a year ago.
For the current term ending Jul 2008 the net profit is projected at Yen 6 million, on an 11% rise in turnover, to Yen 100 million. Business is seen steadily growing.
The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 1.8 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Oct
1954
Legal
Status: Limited
Company (Kabushiki Kaisha)
Authorized: 240,000
shares
Issued: 60,000
shares
Sum: Yen 30
million
Major
shareholders (%): Kazuko
Sakuba & families (--100)
No. of Shareholders: 7
Nothing detrimental is known as to her commercial morality.
OPERATION
Activities:
Publishing agency (100%) of: history, philosophy, religion, science, lan-guages,
education, nursing-care, travels, literature, arts, movies, dramas
(Shakespeare), picture books, children’s books, novels, mysteries, detectives,
foreign books (translated), arts, ecology, other.
Recent publications
include: World Animal Picture Book, Shakespeare Visual Book, World Flag Book,
Kyoto University Exploration Story, other.
Clients
[Book wholesaler, agent dealers]
Tohan Corp, Nippon Shuppan Hambai,
Osakaya, Kurita Shuppan Hambai, Taiyosha Co, other.
No. of accounts: 10 (Wholesale
distribution only)
Domestic areas of activities: Nationwide
Suppliers
[Printing
houses, publishers] Hoshino Seihan Insatsu, Meiwa Insatsu, Mori Agency, Tuttle,
Yohan Inc, Shinano Printing, Uny Agency Japan, other.
Payment
record: Regular
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References
MUFG (Edogawabashi)
SMBC (H/O)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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30/09/2008 |
30/09/2007 |
30/09/2006 |
30/09/2005 |
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Annual
Sales |
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100 |
90 |
80 |
48 |
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Recur.
Profit |
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Net
Profit |
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6 |
6 |
5 |
1 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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113 |
107 |
102 |
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Capital,
Paid-Up |
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30 |
30 |
30 |
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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 |
11.11 |
12.50 |
66.67 |
2.13 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
6.00 |
6.67 |
6.25 |
2.08 |
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Notes: Financials are not only partially disclosed.
Forecast (or estimated) figures for 30/09/2008 fiscal term.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 42.37 |
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UK Pound |
1 |
Rs.84.01 |
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Euro |
1 |
Rs.65.96 |
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%)