MIRA
INFORM REPORT
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Report Date : |
16.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
AC CREATE CO LTD |
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Registered Office : |
Halifax Onarimon Bldg 7F, 3-24-10 Nishishimbashi Minatoku Tokyo 105-0003 |
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Country : |
Japan |
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Financials (as on) : |
30.11.2007 |
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Date of Incorporation : |
August 1983 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Translator, Film Language Dubbing |
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 16.5 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name & address
AC CREATE CO LTD
REGD NAME: AC Create KK
MAIN OFFICE: Halifax Onarimon Bldg
7F, 3-24-10 Nishishimbashi Minatoku Tokyo 105-0003 JAPAN
Tel:
03-3434-1475 Fax: 03-3434-7079
URL: http://www.ac-create.co.jp/
E-Mail address: info.e@ac-create.co.jp
ACTIVITIES
Translator, film language dubbing
BRANCHES
Hamamatsucho (studio)
OFFICER(S)
KOJI KIKUCHI, PRES
Jun’ichi Iwami, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMAR
FINANCES FAIR A/SALES Yen 886 M
PAYMENTS REGULAR CAPITAL Yen 40 M
TREND STEADY WORTH Yen 376 M
STARTED 1983 EMPLOYES 40
COMMENT
MOVIE FILM TRANSLATION & DUBBING SERVICES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 16.5 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Koji Kikuchi in order to make most of his experience in movie film business. Specializes in translation of movie films, game software, including language dubbing of films and entertainment materials. Clients include TV broadcasts, movie film industry, other. Recently opened a studio in Hamamatsucho, Tokyo.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Nov/2007 fiscal term amounted to Yen 886 million, a 6% up from Yen 834 million in the previous term. The net profit was posted at Yen 53 million, up from Yen 18 million a year ago. The previous term wrote off some extraordinary losses.
For the current term ending Nov 2008 the net profit is projected at Yen 55 million, on a 7% rise in turnover, to Yen 950 million.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 16.5 million, on 30 days normal terms.
REGISTRATION
Date Registered: Aug 1983
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 3,200 shares
Issued: 800 shares
Sum: Yen 40 million
Major shareholders (%)
Koji Kikuchi (70), Ken Kikuchi (19), Jun’ichi Iwami (12)
No. of shareholders: 3
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Translation, film dubbing, other (--100%).
Business operations include: Japanese-language dubbing for motion pictures, video/DVD, in-flight & television; Japanese-language subtitle for motion pictures, video/DVD & TV; full range of theatrical-release film translation services; radio/TV game dubbing; original animation video production; production of video promotional materials; HD services; mobile phone web contents, others. (Cited from the firm’s website).
Clients
[Movie film producers, TV broadcasters, entertainment industry] Twentieth Century Fox Film Corp, NHK Enterprises 21 Inc, Victor Japan, Sony Pictures Entertainment (Japan), Pony Canyon Inc, Universal Pictures Japan, other.
No. of accounts
300
Domestic areas of activities
Centered in greater-Tokyo
Suppliers
[Mfrs, wholesalers] Kodak, Omnibus Japan, Tokyo TV Center, Apple, Mouse
Promotion, National Trading Inc, other.
Payment record
Regular
Location
Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References
SMBC (Hamamatsucho)
Mizuho Bank (Shimbashi-Chuo)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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30/11/2008 |
30/11/2007 |
30/11/2006 |
30/11/2005 |
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Annual
Sales |
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950 |
886 |
834 |
1,020 |
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Recur.
Profit |
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Net
Profit |
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55 |
53 |
18 |
61 |
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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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376 |
323 |
305 |
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Capital,
Paid-Up |
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40 |
40 |
40 |
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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 |
7.22 |
6.24 |
-18.24 |
1.39 |
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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 |
5.79 |
5.98 |
2.16 |
5.98 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 30/11/2008 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%)