|
Report Date : |
30.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
COSMMO COMMUNICATIONS |
|
|
|
|
Registered Office : |
Aoyama Tower Bldg 1F, 2-24-15 Minami-Aoyama Minatoku Tokyo 107-0062 |
|
|
|
|
Country : |
Japan |
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|
|
|
Financials (as on) : |
30.09.2012 |
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|
|
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Date of Incorporation : |
December, 1964 |
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|
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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|
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Line of Business : |
Ad Agency |
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|
|
|
No. of Employees : |
90 |
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 |
|
Maximum Credit Limit : |
YEN 139.1 MILLION |
|
|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
No Complaints |
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|
|
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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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
COSMMO COMMUNICATIONS
REGD NAME: KK
Cosmo Communications
MAIN OFFICE: Aoyama
Tower Bldg 1F, 2-24-15 Minami-Aoyama Minatoku Tokyo 107-0062
JAPAN
Tel:
03-3405-8111 Fax: 03-3405-8215
E-Mail address: (thru the URL)
Ad agency
Nil
IEHITO EDAHIRO,
PRES
Hironobu Tanaka,
dir
Kaoru Fujikawa,
dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 7,122 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 44 M
TREND UP WORTH Yen 1,051 M
STARTED 1964 EMPLOYES 90
AD AGENCY.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
YEN 139.1 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by Iehito Edahiro in order to make
most of his experience in the subject line of business. This is an ad agency, particularly for sports
events. Clients include sporting goods
stores, other
The sales volume
for Sept/2012 fiscal term amounted to Yen 7,122 million, a 17% up from Yen
6,078 million in the previous term. The
recurring profit was posted at Yen 328 million and the net profit at Yen 180
million, respectively, compared with Yen 121 million recurring profit and Yen
66 million net profit, respectively, a year ago.
For the current
term ending Sept 2013 the recurring profit is projected at Yen 330 million and
the net profit at Yen 190 million, respectively, on a 3% rise in turnover, to
Yen 7,300 million. Business is seen
expanding steadily.
The financial
situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 139.1
million, on 30 days normal terms.
Date
Registered: Dec 1964
Legal
Status: Limited
Company (Kabushiki Kaisha)
Authorized: 1.3 million shares
Issued:
348,000
shares
Sum:
Yen
44.4 million
Major
shareholders (%): Iehito Edahiro (70),
Asatsu-DK Inc (30)
No.
of shareholders: 2
Nothing detrimental is known as to the
commercial morality of executives.
Activities: Ad agency (100%)
Clients: [Mfrs,
wholesalers] Puma Japan, Bridgestone Sports, Beams Creative, World Corp,
other
No.
of accounts: 300
Domestic
areas of activities: Nationwide
Suppliers: Mfrs,
wholesalers] Takarajimasha Inc, Shueisha Inc, Sekai Bunka Publishing Inc,
Shogakukan Inc, Kodansha Co, other
Payment record: No Complaints
Location: Business area
in Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank
References:
MUFG
(Roppongi)
Mizuho
Bank (Akasaka)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
30/09/2013 |
30/09/2012 |
30/09/2011 |
30/09/2010 |
|
|
Annual
Sales |
|
7,300 |
7,122 |
6,078 |
5,671 |
|
Recur.
Profit |
|
330 |
328 |
121 |
|
|
Net
Profit |
|
190 |
180 |
66 |
47 |
|
Total
Assets |
|
|
3,805 |
3,282 |
3,117 |
|
Current
Assets |
|
|
2,991 |
2,703 |
|
|
Current
Liabs |
|
|
1,925 |
1,441 |
|
|
Net
Worth |
|
|
1,051 |
880 |
814 |
|
Capital,
Paid-Up |
|
|
44 |
44 |
44 |
|
Div.P.Share(¥) |
|
|
|
|
|
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.50 |
17.18 |
7.18 |
-20.13 |
|
|
Current Ratio |
|
.. |
155.38 |
187.58 |
.. |
|
N.Worth Ratio |
.. |
27.62 |
26.81 |
26.11 |
|
|
R.Profit/Sales |
|
4.52 |
4.61 |
1.99 |
.. |
|
N.Profit/Sales |
2.60 |
2.53 |
1.09 |
0.83 |
|
|
Return On Equity |
.. |
17.13 |
7.50 |
5.77 |
|
Notes: Forecast
(or estimated) figures for the 30/09/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.28 |
|
|
1 |
Rs.84.23 |
|
Euro |
1 |
Rs.70.90 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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.