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Report Date : |
16.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
TAKARAJIMA INC |
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|
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Registered Office : |
JCII Bldg, 25 Ichibancho Chiyodaku Tokyo 102-0082 |
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Country : |
Japan |
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Financials (as on) : |
31.08.2012 |
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Date of Incorporation : |
September 1971 |
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|
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Com. Reg. No.: |
0100-01-022070
(Tokyo-Chiyodaku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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|
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Line of Business : |
Publishes books, magazines, paperbacks |
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|
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No. of Employees : |
192 |
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 Limited : |
Yen 1,026.5 Million |
|
Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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 |
|
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 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 |
TAKARAJIMA INC
REGD NAME: KK
Takarajima
MAIN OFFICE: JCII
Bldg, 25 Ichibancho Chiyodaku Tokyo 102-0082 JAPAN
Tel:
03-3239-0181 Fax: 03-3264-6878
URL: http://www.tkj.jp
E-Mail
address: (thru the URL)
Publishing
of books, magazines
Shizuoka
(2) (--hotels)
At the
caption address
SEIICHI
HASUMI, PRES Eiichi
Fujisawa, dir
Sho
Ishikura, dir Makoto
Sekikawa, dir
Jun’ichi
Takasugi, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 26,995 M
PAYMENTS No complaints CAPITAL Yen 390 M
TREND SLOW WORTH Yen
13,511 M
STARTED 1971 EMPLOYES 192
BOOKS & MAGAZINES PUBLISHER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
Max
Credit Limit: Yen 1,026.5 Million, 30 Days Normal Terms
The subject
company was established originally as JICC Inc for publishing books, and in Apr
1993 renamed as captioned. This is a
leading publisher of books & magazines, noted for “Takarajima”
magazine. Clients include books
distributors, AD agencies, other.
The sales
volume for Aug/2012 fiscal term amounted to Yen 26,995 million, a 19% down from
Yen 33,263 million in the previous term.
The firm reduced the number of published books & magazines, and
compressed obsolete inventories. The
recurring profit was posted at Yen 437 million and the net profit at Yen 10
million, respectively, compared with Yen 701 million recurring profit and Yen 374
million net profit, respectively, a year ago.
For the
current term ending Aug 2013 the recurring profit is projected at Yen 740
million and the net profit at Yen 150 million, respectively, on a 2% rise in
turnover, to Yen 27,500 million.
The
financial situation is considered FAIR and good for ORDINARY business
engagements. Max credit limit is
estimated at Yen 1,026.5 million, on 30 days normal terms.
Date Registered: Sept 1971
Regd No.: 0100-01-022070 (Tokyo-Chiyodaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
3.12 million shares
Issued:
780,000 shares
Sum: Yen 390 million
Major shareholders (%): Executives’ S/Holding Assn,
Employees’ S/Holding Assn, Seiichi Hasumi, Eiichi Fujisawa, other (Breakdowns
unavailable)
No. of shareholders: 37
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Publishes books, magazines,
paperbacks, others (--100%)
Clients: [Mfrs, wholesalers] Nippan Shuppan Hambai
Inc, Tohan Co, Tohan Media Wave, Kurita Shuppan Hambai, Dentsu Inc, Taiyosha
Co, Osakaya Co, other
No. of
accounts: 300
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Toppan Printing,
Dainippon Printing, Japan Pulp & paper Corp, International Pulp &
Paper, Livre Tech Co, Nissho Iwai Paper & Pulp Corp, Shinsei Pulp &
Paper Co, other
Payment record: No complaints
Location:
Business area in Tokyo. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References:
Resona
Bank (Kagurazaka)
MUFG
(Kojimachi-Chuo)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/08/2013 |
31/08/2012 |
31/08/2011 |
31/08/2010 |
|
|
Annual
Sales |
|
27,500 |
26,995 |
33,263 |
32,700 |
|
Recur.
Profit |
|
440 |
437 |
701 |
|
|
Net
Profit |
|
150 |
10 |
374 |
1,534 |
|
Total
Assets |
|
|
26,410 |
29,837 |
30,909 |
|
Current
Assets |
|
|
19,149 |
21,404 |
|
|
Current
Liabs |
|
|
11,198 |
14,563 |
|
|
Net
Worth |
|
|
13,511 |
13,507 |
13,431 |
|
Capital,
Paid-Up |
|
|
390 |
390 |
390 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
1.87 |
-18.84 |
1.72 |
57.66 |
|
|
Current Ratio |
|
.. |
171.00 |
146.98 |
.. |
|
N.Worth Ratio |
.. |
51.16 |
45.27 |
43.45 |
|
|
R.Profit/Sales |
|
1.60 |
1.62 |
2.11 |
.. |
|
N.Profit/Sales |
0.55 |
0.04 |
1.12 |
4.69 |
|
|
Return On Equity |
.. |
0.07 |
2.77 |
11.42 |
|
Notes:
Forecast (or estimated) figures for the 31/08/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.98 |
|
|
1 |
Rs.83.72 |
|
Euro |
1 |
Rs.72.08 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.