|
Report Date : |
20.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
ISHIKAWA TOY CO LTD |
|
|
|
|
Registered Office : |
Nihon Seimei Kameido Bldg 3F, 2-22-17 Kameido Kotoku Tokyo 136-0071 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.05.2012 |
|
|
|
|
Date of Incorporation : |
February 1951 |
|
|
|
|
Com. Reg. No.: |
0106-01-008706 (Tokyo-Sumidaku) |
|
|
|
|
Legal Form : |
Limited Company (Kabushiki Kaisha) |
|
|
|
|
Line of Business : |
Import, wholesale, retail of toys, stuffed dolls, other |
|
|
|
|
No. of Employees : |
127 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 (31.03.2011) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 small agricultural sector is highly subsidized and protected, with
crop yields among the highest in the world. While self-sufficient in rice
production, Japan imports about 60% of its food on a caloric basis. 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. Modest economic growth continued after 2000, but the
economy has fallen into recession three times since 2008. A sharp downturn in
business investment and global demand for Japan's exports in late 2008 pushed
Japan 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 and the ensuing tsunami in March disrupted
manufacturing. The economy has largely recovered in the two years since the
disaster, but reconstruction in the Tohoku region has been uneven.
Newly-elected Prime Minister Shinzo ABE has declared the economy his
government's top priority; he has pledged to reconsider his predecessor's plan
to permanently close nuclear power plants and is pursuing an economic
revitalization agenda of fiscal stimulus and regulatory reform and has said he
will press the Bank of Japan to loosen monetary policy. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, Japan
in 2012 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 2012. The new government will continue a longstanding debate 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
ISHIKAWA TOY CO LTD
REGD NAME: Ishikawa
Gangu KK
MAIN OFFICE: Nihon
Seimei Kameido Bldg 3F, 2-22-17 Kameido Kotoku Tokyo 136-0071, JAPAN
Tel:
03-5627-5410
Fax: 03-5627-5350
*.. Registered at:
1-25-7 Honjo Sumidaku Tokyo
URL: http://www.ishikawa-toy.co.jp
E-Mail address: (thru the URL)
Import, wholesale,
retail of toys, stuffed dolls, other
Sapporo, Kyoto,
Fukuoka
China
Koshigaya, Soka (--distribution
centers)
KOICHI NAKAMURA,
PRES Takeo Saito, ch
Eiichi Takahashi,
s/mgn dir Shunzo Kuwahara, s/mgn
dir
Hiroki Kono, dir Yukimasa Sekiguchi,
dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 8,000 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
98 M
TREND SLOW WORTH Yen
4,280 M
STARTED 1951 EMPLOYES 127
TRADING FIRM SPECIALIZING IN TOYS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was
established originally in 1950 by S Kasugai in order to make most of his
experience in the subject line of business.
Incorporated in 1951 the firm has been succeeded by the present
executives. This is a trading firm for
import, wholesale and retail (online) of toys, stuffed dolls, other. Goods are imported from China centrally,
other. Clients include department
stores, supermarket chains, toy shops, other
The sales volume for
May/2012 fiscal term amounted to Yen 8,000 million, a 3% down from Yen 8,250
million in the previous term. High Yen
hurt import prices, reducing earnings & profits in Yen terms. The net profit was posted at Yen 35 million,
compared with Yen 60 million a year ago.
For the current term
ending May 2013 the net profit is projected at Yen 40 million, on a 4% rise in
turnover, to Yen 8,300 million.
The financial
situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Feb
1951
Regd No.:
0106-01-008706 (Tokyo-Sumidaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 7.8 million shares
Issued: 1.96 million shares
Sum: Yen 98 million
Major
shareholders (%): Takeo Saito (51)
No. of shareholders: 71
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports,
wholesales and retails (online) toys, stuffed dolls, others (--100%)
Clients: [Department
stores, wholesalers] Tokyu Department Store, Sogo & Seibu Co, Keio
Department Store, Matsuya Co, Ito-Yokado, Shimamura Co, Koguma Co, other
No. of accounts:
300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Nintendo Co, Bandai Co, Tomy Co, Epoch Co, Lego Japan, Sega Toys
Co, other
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Resona Bank
(Asakusa)
Mizuho Bank
(Asakusa)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
31/05/2013 |
31/05/2012 |
31/05/2011 |
31/05/2010 |
|
|
Annual
Sales |
|
8,300 |
8,000 |
8,250 |
8,100 |
|
Recur.
Profit |
|
|
|
|
|
|
Net
Profit |
|
40 |
35 |
60 |
125 |
|
Total
Assets |
|
|
7,890 |
8,119 |
8,197 |
|
Current
Assets |
|
|
2,330 |
2,573 |
2,662 |
|
Current
Liabs |
|
|
2,405 |
2,513 |
2,755 |
|
Net
Worth |
|
|
4,280 |
4,249 |
4,193 |
|
Capital,
Paid-Up |
|
|
98 |
98 |
98 |
|
Div.P.Share(¥) |
|
|
|
|
|
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.75 |
-3.03 |
1.85 |
1.25 |
|
|
Current Ratio |
|
.. |
96.88 |
102.39 |
96.62 |
|
N.Worth Ratio |
.. |
54.25 |
52.33 |
51.15 |
|
|
R.Profit/Sales |
|
.. |
.. |
.. |
.. |
|
N.Profit/Sales |
0.48 |
0.44 |
0.73 |
1.54 |
|
|
Return On Equity |
.. |
0.82 |
1.41 |
2.98 |
|
Notes: Forecast
(or estimated) figures for the 31/05/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.03 |
|
|
1 |
Rs.82.43 |
|
Euro |
1 |
Rs.70.49 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.