MIRA INFORM REPORT

 

 

Report Date :           

23.11.2011

 

IDENTIFICATION DETAILS

 

Name :

VALHALLA GAME STUDIOS CO LTD

 

 

Registered Office :

Tsukudagon Bldg 2F, 1-3-2 Tsukishima Chuoku Tokyo 104-0052

 

 

Country :

Japan

 

 

Date of Incorporation :

June 2008

 

 

Com. Reg. No.:

0127-01-010513 (Tokyo-Nishi-Tokyo)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer of game software, character merchandise, audio visuals

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Moderate

 

 

Payment Behaviour :

Regular

 

 

Litigation :

---

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Japan

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

VALHALLA GAME STUDIOS CO LTD

 

 

REGD NAME

 

KK Valhalla Game Studio

 

 

MAIN OFFICE

 

Tsukudagon Bldg 2F, 1-3-2 Tsukishima Chuoku Tokyo 104-0052 JAPAN

Tel: 03-6219-5151      Fax: 03-5219-5152

 

*.. Registered at: 529, 2-1-75 Yatocho Nishi-Tokyo City Tokyo-Metrop

                                               

URL:                             http://www.valhallagamestudios.com

E-Mail address:            (thru the URL)

 

 

ACTIVITIES

 

Mfg of game software, character merchandise, audio visuals

 

 

BRANCHES

 

Nil

 

 

OFFICERS

 

SATOSHI KANEMATSU, PRES

Tomonobu Itagaki, rep dir

Naoyuki Tsuji, dir                      

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY    

 

FINANCES                    UNDETD                       A/SALES          Yen 200 M*

PAYMENTS                  REGULAR                     CAPITAL           Yen 10 M

TREND             UNDETD                       WORTH            Yen 10 M**

STARTED                     2008                             EMPLOYES      60

                                                *.. Target for the first year; **.. Expressed by the paid-up capital

 

 

COMMENT

 

MFR OF GAME SOFTWARE.

 

FINANCIAL SITUATION UNDETERMIEND DUE TO THE RECENT INCEPTION AND WITHOUT PROVEN BUISNESS..

                       

MAX CREDIT LIMIT: UNABLE TO BE ASSESSED DUE TO THE SAME REASON.

 

 

HIGHLIGHTS

           

The subject company was established on the basis of a division separated from Valhalla Co Ltd (See REGISTRATION).   This is a specialized mfr of game software: home console game software, character merchandise, audio visuals, other.  The operations actually started in Apr 2011.  The firm is 100% equity capital with no debts, says the firm.  Clients include pin-ball shops, game centers, other, centered in greater-Tokyo

 

 

FINANCIAL INFORMATION

 

The sales are targeted at Yen 200 million for the initial one year term.  No interim business results are reported.

 

Both the financial situation and business trends are not determined due to the recent inception and without proven business results but should be good for MODERATE business engagements.  Max credit limit is unable to be estimated due to the same reason.

 

 

REGISTRATION

 

Date Registered:  Jun 2008

Regd No.:         0127-01-010513 (Tokyo-Nishi-Tokyo)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         10,000 shares

Issued:                1,000 shares

Sum:                   Yen 10 million

 

Major shareholders (%): Satoshi Kanematsu* (100)

 

*.. Founder and president of Valhalla Co Ltd, at the caption address, mfr of animation software, game software, founded 2007, capital Yen 33 million, sales Yen 110 million, employees 10, pres Satoshi Kanematsu, concurrently;

 

 Satoshi Kanematsu is ex-president of Tecmo Co Ltd (now Tecmo Koei Holdings Co Ltd), game software developer, founded 2008 by the merger of Tecmo Co Ltd and Koei Co Ltd, capital Yen 15,000 million, sales Yen 32,081 million, net profit Yen 2,741 million, employees 1,384, pres Yoichi Erikawa

           

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

           

Activities: Manufactures home console game software, character merchandise, audio visual equipment, other (--100%)

 

Clients: Game centers, pin-ball shops, other

            No. of accounts: Unavailable

            Domestic areas of activities: Centered in greater-Tokyo

Suppliers: [Mfrs, wholesalers] Valhalla Co, Design Factory, Frameworks Entertainment, other.

 

Payment record: Regular

 

Location: Business area in Tokyo.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

MUFG (Yawata)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

NOT MADE AVAILABLE

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.70

UK Pound

1

Rs.82.44

Euro

1

Rs.71.08

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

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%)

 

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.