|
Report Date : |
31.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
MYNAVI CORPORATION |
|
|
|
|
Registered Office : |
Palace Side Bldg, 1-1-1 Hitotsubashi
Chiyodaku Tokyo 100-0003 |
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|
|
|
Country : |
Japan |
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|
|
|
Financials (as on) : |
30.09.2012 |
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|
|
|
Year of Incorporation : |
1973 |
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|
|
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Com. Reg. No.: |
0100-01-029968 (Tokyo-Chiyodaku) |
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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 : |
Publishing, newspaper, books |
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|
|
|
No. of Employees : |
1,900 |
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 : |
Good |
|
Payment Behaviour : |
Regular |
|
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
MYNAVI CORPORATION
REGD NAME: KK
Mynavi
MAIN OFFICE: Palace
Side Bldg, 1-1-1 Hitotsubashi Chiyodaku Tokyo 100-0003 JAPAN
Tel:
03-6267-4000
E-Mail
address: (thru the URL)
Publishing,
newspaper, books, other
Tokyo
(4), Sapporo, Sendai, Mito, Nagoya, Osaka, other (Tot 19)
NOBUYUKI
NAKAGAWA, PRES
Shin’ichi
Kudo, s/mgn dir
Norihisa
Hamada, s/mgn dir
Kazumaru
Okuno, mgn dir
Yoshiaki
Tsuchiya, mgn dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 35,807 M
PAYMENTSREGULAR CAPITAL Yen
2,102 M
TREND UP WORTH Yen 8,492 M*
STARTED 1973 EMPLOYES 1,900
*..
Sept/2011 figures as Sept/2012 figures are only partially disclosed
PUBLISHER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established on the basis of a
division separated from Asahi Shimbun Co.
This is a publisher of employment magazines, career information,
recruiting, other. Clients are business
firms, individuals, other
The sales volume for Sept/2012 fiscal term amounted to Yen
35,807 million, an 18% up from Yen 30,410 million in the previous term. Magazines for employment/part time jobs sold
well. The recurring profit was posted at
Yen 3,947 million and the net profit at Yen 2,227 million, respectively,
compared with Yen 3,468 million recurring profit and Yen 1,137 million net
profit, respectively, a year ago.
For the current term ending Sept 2013 the recurring profit
is projected at Yen 4,000 million and the net profit at Yen 3,500 million,
respectively, on a 3% rise in turnover, to Yen 36,800 million.
The financial situation is considered FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 857.8 million, on 30 days normal terms.
Date Registered: Aug
1973
Regd No.: 0100-01-029968 (Tokyo-Chiyodaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
49 million shares
Issued:
12.43 million shares
Sum: Yen 2,102 million
Major shareholders (%):
Employees’ S/Holding Assn (23.9), Mainichi Shimbun (11.4), MUFG (3.7), TBS
Holdings (3.2), Asahi Shimbun (3.2)
No. of shareholders: 44
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Publisher of: newspapers, magazines,
new graduate employment magazines, career information & recruiting/hiring
consultation, information services for educational advancement, real estate
information services, advertising, other related (--100%)
Clients: Individuals, business firms, schools,
universities, other
No. of
accounts: Unavailable
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Shinsei Pulp &
Paper Ind, Toppan Printing, Mynavi Support, other.
Payment record: Regular
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References: MUFG
(Kanda)
SMBC
(Marunouchi)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
30/09/2012 |
30/09/2011 |
30/09/2010 |
30/09/2009 |
|
|
Annual
Sales |
|
35,807 |
30,410 |
37,573 |
41,632 |
|
Recur.
Profit |
|
3,947 |
3,468 |
1,900 |
782 |
|
Net
Profit |
|
2,227 |
1,137 |
282 |
-337 |
|
Total
Assets |
|
|
20,678 |
21,271 |
22,200 |
|
Current
Assets |
|
|
6,866 |
9,715 |
|
|
Current
Liabs |
|
|
6,866 |
9,715 |
|
|
Net
Worth |
|
|
8,492 |
7,616 |
7,489 |
|
Capital,
Paid-Up |
|
|
2,102 |
2,102 |
2,102 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
15.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
17.75 |
-19.06 |
-9.75 |
-13.29 |
|
|
Current Ratio |
|
.. |
100.00 |
100.00 |
.. |
|
N.Worth Ratio |
.. |
41.07 |
35.80 |
33.73 |
|
|
R.Profit/Sales |
|
11.02 |
11.40 |
5.06 |
1.88 |
|
N.Profit/Sales |
6.22 |
3.74 |
0.75 |
-0.81 |
|
|
Return On Equity |
.. |
13.39 |
3.70 |
-4.50 |
|
Notes:
Financials for the 30/09/2012 fiscal term are only partially disclosed.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 66.57 |
|
|
1 |
Rs. 103.34 |
|
Euro |
1 |
Rs. 88.16 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.