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Report Date : |
22.12.2012 |
IDENTIFICATION DETAILS
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Name : |
KONAMI DIGITAL ENTERTAINMENT CO LTD |
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Registered Office : |
Tokyo Mid Town
East, 9-7-2 Akasaka Minatoku Tokyo 102-0052 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
May 2000 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of computer & video games, toys,
hobby games, online games, arcade games, cards |
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No. of Employees : |
2,408 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
Yen 3,808.6 Million |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
japan - ECONOMIC OVERVIEW
In the years following World War II, government-industry cooperation, a
strong work ethic, mastery of high technology, and a comparatively small defense
allocation (1% of GDP) helped Japan develop a technologically advanced economy.
Two notable characteristics of the post-war economy were the close interlocking
structures of manufacturers, suppliers, and distributors, known as keiretsu,
and the guarantee of lifetime employment for a substantial portion of the urban
labor force. Both features are now eroding under the dual pressures of global
competition and domestic demographic change. Japan's industrial sector is
heavily dependent on imported raw materials and fuels. A tiny agricultural
sector is highly subsidized and protected, with crop yields among the highest
in the world. Usually self-sufficient in rice, Japan imports about 60% of its
food on a caloric basis. Japan maintains one of the world's largest fishing
fleets and accounts for nearly 15% of the global catch. For three decades,
overall real economic growth had been spectacular - a 10% average in the 1960s,
a 5% average in the 1970s, and a 4% average in the 1980s. Growth slowed
markedly in the 1990s, averaging just 1.7%, largely because of the after
effects of inefficient investment and an asset price bubble in the late 1980s
that required a protracted period of time for firms to reduce excess debt,
capital, and labor. Measured on a purchasing power parity (PPP) basis that
adjusts for price differences, Japan in 2011 stood as the fourth-largest
economy in the world after second-place China, which surpassed Japan in 2001,
and third-place India, which edged out Japan in 2011. A sharp downturn in
business investment and global demand for Japan's exports in late 2008 pushed
Japan further into recession. Government stimulus spending helped the economy
recover in late 2009 and 2010, but the economy contracted again in 2011 as the
massive 9.0 magnitude earthquake in March disrupted manufacturing. Electricity
supplies remain tight because Japan has temporarily shut down almost all of its
nuclear power plants after the Fukushima Daiichi nuclear reactors were crippled
by the earthquake and resulting tsunami. Estimates of the direct costs of the
damage - rebuilding homes, factories, and infrastructure - range from $235
billion to $310 billion, and GDP declined almost 0.5% in 2011. Prime Minister
Yoshihiko NODA has proposed opening the agricultural and services sectors to
greater foreign competition and boosting exports through membership in the
US-led Trans-Pacific Partnership trade talks and by pursuing free-trade
agreements with the EU and others, but debate continues on restructuring the
economy and reining in Japan's huge government debt, which exceeds 200% of GDP.
Persistent deflation, reliance on exports to drive growth, and an aging and
shrinking population are other major long-term challenges for the economy.
|
Source : CIA |
KONAMI DIGITAL ENTERTAINMENT CO LTD
KK Konami Digital
Entertainment
Tokyo Mid Town
East, 9-7-2 Akasaka Minatoku Tokyo 102-0052 JAPAN
Tel:
03-5771-0573
URL: http://www.konami-digital-entertainment
E-Mail address: (thru the URL)
Import, export, wholesale of
computer & video games, toys, hobby games, online games, arcade games,
cards
Osaka, Aichi, Kobe, Zama, Sapporo
USA, Europe,
other
(subcontracted)
FUMIAKI
TANAKA, PRES Kazuaki Kisohara,
dir
Mineaki
Yoshida, dir Yasuyuki
Yamaji, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 113,762 M
PAYMENTSREGULAR CAPITAL Yen
26,000 M
TREND UP WORTH Yen 33,915 M
STARTED 2006 EMPLOYES 2,408
HANDLES COMPUTER & VIDEO GAMES, CARD GAMES, OTHER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT
LIMIT: YEN 3,808.6 MILLION, 30 DAYS NORMAL TERMS
The subject company was established on the basis of a division separated from Konami Corp 8See REGISTRATION). This is a trading firm for import, export and wholesale of computer & video games, toys & hobby products, online games, arcade games, playing cards, other. Exports and imports are woldwidely.
The sales volume for Mar/2012 fiscal term amounted to Yen 113,762 million, a 20% up from Yen 94,647 million in the previous term. The recurring profit was posted at Yen 23,452 million and the net profit at Yen 14,651 million, respectively, compared with Yen 5949 million recurring profit and yen 3,983 million net profit, respectively, a year ago.
For the current term ending Most 2013 the recurring profit is projected at Yen 24,000 million and the net profit at Yen 15,000 million, respectively, on a 3% rise in turnover, to Yen 117,000 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 2,808.6 million, on 30 days normal terms.
Date Registered: May 2000
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 2 million shares
Issued: 520,000 shares
Sum: Yen 26,000 million
Major shareholders (%): Konami Corp* (100)
**..Major comprehensive entertainment company, Tokyo, listed Tokyu, London New York S/E’s, capital Yen 47,399 million, sales Yen 265,758 million, operating profit Yen 40,950 million, recurring profit Yen 40,026 million, net profit Yen 23,012 million, total assets Yen 310,207 million, net worth Yen 213,450 million, employees 5,362, pres Takuya Kozuki
Nothing detrimental is known as to the commercial morality of executives.
Activities: Trading firm for export, import and wholesale of computer & video games, game software, toys & hobbies, online games, arcade games, playing cards, other (--100%)
Clients: Entertainment stores, exports to group firms overseas
No. of accounts: Unavailable
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Sony Corp, Nintendo Co, other
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are owned and maintained satisfactorily.
Bank References:
SMBC (H/O)
Relations: Satisfactory
(In Million Yen)
|
Terms
Ending |
|
31/03/2013 |
31/03/2012 |
31/03/2011 |
|
Annual
Sales |
|
117,000 |
113,762 |
94,647 |
|
Recur.
Profit |
|
24,000 |
23,452 |
5,949 |
|
Net
Profit |
|
15,000 |
14,651 |
3,983 |
|
Total
Assets |
|
|
82,415 |
60,281 |
|
Current
Assets |
|
|
69,518 |
47,654 |
|
Current
Liabs |
|
|
25,090 |
18,269 |
|
Net
Worth |
|
|
33,915 |
37,845 |
|
Capital,
Paid-Up |
|
|
26,000 |
26,000 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.85 |
20.20 |
-5.40 |
|
|
Current Ratio |
.. |
277.07 |
260.85 |
|
|
N.Worth Ratio |
.. |
41.15 |
62.78 |
|
|
R.Profit/Sales |
20.51 |
20.61 |
6.29 |
|
|
N.Profit/Sales |
12.82 |
12.88 |
4.21 |
|
|
Return On Equity |
.. |
43.20 |
10.52 |
|
Notes:
Forecast (or estimated) figures for the 31/03/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.07 |
|
UK Pound |
1 |
Rs.89.54 |
|
Euro |
1 |
Rs.72.77 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
|
---- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.