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Report Date : |
21.12.2013 |
IDENTIFICATION DETAILS
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Name : |
STUDIO GHIBLI INC |
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|
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Registered Office : |
1-4-25 Kajinocho Koganei City Tokyo-Pref
184-0002 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
January 2005 |
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Com. Reg. No.: |
0124-01-010302 (Tokyo-Koganei)
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Legal Form : |
Limited Company |
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Line of Business : |
Producer of animation
movies, TV movies, TV commercials, copyright
management, DVD sales |
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No. of Employees : |
300 |
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 206.9 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but Correct |
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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 – September 30th, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 |
STUDIO GHIBLI INC
KK Studio Ghibli
1-4-25 Kajinocho
Koganei City Tokyo-Pref 184-0002 JAPAN
Tel:
03-53-5674 Fax: 0422-53-5192
URL: www.ghibli.jp
E-Mail address: (thru the URL)
Production
of animation movies, TV movies, TV commercials, other
Nil
At the
caption address (producing)
KOJI HOSHINO,
PRES Toshio Suzuki, rep dir
Hayao
Miyazaki, dir Goro Miyazaki, dir
Kiyofumi
Nakajima, dir Shinsuke
Nonaka, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 7,400 M*
PAYMENTS Slow
but Correct CAPITAL Yen
10 M
TREND UNDETD WORTH Yen 9,463 M
STARTED 2005 EMPLOYES 300
*.. Mar/2011 figures only,
otherwise undisclosed
PRODUCTION OF ANIMATION MOVIES, TV MOVIES, OTHER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: Yen 206.9 million, 30 DAYS NORMAL TERMS, ON BASIS OF THE MAR/2011 FIGURES.
The subject company was established originally in 2002 on the basis of a
division separated from Tokuma Shoten Co Ltd, a book publisher, Tokyo. In 2007 it spun off from the Tokuma Shoten
Group and became independent. This is a
producer of animation movies, TV movies, TV commercials, copyright management,
other. Clients include TV firms, AD
agencies, other.
Financials are only partially disclosed since the 31/03/2012 fiscal
term. No sales figures are disclosed.
The sales volume for Mar/2011 fiscal term amounted to Yen 7,400 million,
with Yen 1,426 million net profit posted.
Ever since the sales figures are not disclosed.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 206.9 million, on 30 days normal terms, on basis of the
figures for Mar/2011 fiscal term.
Date Registered: Jan
2005
Regd No.: 0124-01-010302 (Tokyo-Koganei)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%): Tokuma Shoten Group, Nippon
Television Network Corp, Toho Co (Breakdown not disclosed)
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Produces
animation movies, TV movies, TV commercials, copyright management, DVD sales,
others (--100%)
Clients: [Mfrs,
wholesalers] Tokuma Shoten Co, Nippon Television Network Corp, Hakuhodo, Dentsu
Ltd, Toho Co, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Hoei Sangyo Co, Tosho Printing Co, animation writers, other
Payment record: Slow but Correct
Location: Business area in
Koganei City, Tokyo-Metrop. Office
premises at the caption address are owned and maintained satisfactorily.
Bank
References:
MUFG (Mitaka)
SMBC (Mitaka)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2014 |
31/03/2013 |
31/03/2012 |
31/03/2011 |
|
|
Annual
Sales |
|
|
|
|
7,400 |
|
Recur.
Profit |
|
|
|
|
|
|
Net
Profit |
|
|
510 |
602 |
1,428 |
|
Total
Assets |
|
|
18,676 |
14,529 |
15,770 |
|
Current
Assets |
|
|
14,071 |
9,978 |
10,511 |
|
Current
Liabs |
|
|
5,363 |
1,177 |
2,470 |
|
Net
Worth |
|
|
9,463 |
8,952 |
8,350 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
|
|
|
.. |
|
|
Current Ratio |
|
.. |
262.37 |
847.75 |
425.55 |
|
N.Worth Ratio |
.. |
50.67 |
61.61 |
52.95 |
|
|
R.Profit/Sales |
|
.. |
.. |
.. |
.. |
|
N.Profit/Sales |
|
|
|
19.30 |
|
|
Return On Equity |
.. |
5.39 |
6.72 |
17.10 |
|
Notes:
Financials are only partially disclosed as above with sales figures undisclosed
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.24 |
|
UK Pound |
1 |
Rs.101.81 |
|
Euro |
1 |
Rs.84.88 |
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 |
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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 |
|
<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.