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Report Date : |
12.01.2013 |
IDENTIFICATION DETAILS
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Name : |
ENDLOS CO LTD |
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Registered Office : |
1-7-7 Imabashi-Minami Suminoeku Osaka 559-0025 |
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Country : |
Japan |
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Financials (as on) : |
30.06.2012 |
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Date of Incorporation : |
February, 1991 |
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Legal Form : |
Limited Company |
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Line of Business : |
Exhibition booth construction, store interior finish/refurbish/repair
works |
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No. of Employees : |
91 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 126.7 million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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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 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source : CIA |
ENDLOS CO LTD
Endlos KK
1-7-7 Imabashi-Minami Suminoeku Osaka 559-0025 JAPAN
Tel: 06-6686-2121 Fax:
06-6686-2121
*.. The is its Tokyo Office/Factory
URL: http://www.endlos.jp
E-Mail address: oversea.info@endlos.jp
Exhibition booth construction, store interior finish/refurbish/repair
works,
Tokyo (as given)
At the caption address, Tokyo
SHIGEAKI MATSUI, PRES
Tomoko Kimura, dir
Shigeru Yashima, dir
Yen Amount: In million Yen,
unless otherwise stated
FINANCES FAIR A/SALES Yen 3,701 M
PAYMENTS REGULAR CAPITAL Yen
20 M
TREND UP WORTH Yen 3,218 M
STARTED 1991 EMPLOYES 91
EXHIBITION BOOTH CONSTRUCTION, STORE INTERIOR WORKS, OTHER.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 126.7 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by Shigeaki Matsui in order to make
most of his experience in the subject line of business. This is a specialized mfr of exhibition booth
construction & truss supply. Also
executes store/shop interior finishing, refurbishing, repairing works. Clients include AD agencies, billboard
makers, other.
The sales volume for Jun/2012 fiscal term amounted to Yen 3,701 million,
a 9% up from Yen 3,390 million in the previous term. Repairing/refurbishing works increased after
the Great North Earthquake that occurred in Mar 2011. The recurring profit was posted at Yen 519
million and the net profit at Yen 293 million, respectively, compared with Yen
412 million recurring profit and yen 236 million net profit, respectively, a
year ago.
For the current term ending Jun 2013 the recurring profit is projected
at Yen 520 million and the net profit at Yen 300 million, respectively, on a 3%
rise in turnover, to Yen 3,800 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 126.7 million, on 30 days normal terms.
Date Registered: Feb
1991
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 1,600 shares
Issued:
400 shares
Sum: Yen
20 million
Major shareholders
(%): Shigeaki Matsui (52),
other
No. of
shareholders: 7
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Exhibition booth
construction works & truss supply, leasing of application tools, store
interior finishing/refurbishing/repairing works, others (--100%)
Clients: [Mfrs,
wholesalers] Tanseisha Co, Nomura Co, Nikkei AD Agencies, Fujiya Co, Shoei
Exhibition Co, Zycc Corp, Izumi Senkosya Co, Selection International,
other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesalers]
NIP Corporation, Kisei Group, Imagine Co, other
Payment record: Regular
Location: Business area in
Osaka. Office premises at the caption
address are owned leased and maintained satisfactorily.
Bank References:
Kinki Osaka Bank (Suminoe)
MUFG (Chikko)
Relations: Satisfactory
(In Million Yen)
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Terms Ending: |
30/06/2013 |
30/06/2012 |
30/06/2011 |
30/06/2010 |
|
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Annual Sales |
|
3,800 |
3,701 |
3,390 |
3,124 |
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Recur. Profit |
|
520 |
519 |
412 |
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Net Profit |
|
300 |
293 |
236 |
155 |
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Total Assets |
|
|
5,025 |
4,837 |
4,697 |
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Current Assets |
|
|
2,004 |
1,823 |
|
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Current Liabs |
|
|
74 |
599 |
|
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Net Worth |
|
|
3,218 |
2,924 |
2,688 |
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Capital, Paid-Up |
|
|
20 |
20 |
20 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.67 |
9.17 |
8.51 |
-20.45 |
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Current Ratio |
|
.. |
2,708.11 |
304.34 |
.. |
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N.Worth Ratio |
.. |
64.04 |
60.45 |
57.23 |
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R.Profit/Sales |
|
13.68 |
14.02 |
12.15 |
.. |
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N.Profit/Sales |
7.89 |
7.92 |
6.96 |
4.96 |
|
|
Return On Equity |
.. |
9.11 |
8.07 |
5.77 |
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Notes: Forecast (or estimated) figures for the 30/06/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.54 |
|
UK Pound |
1 |
Rs.88.05 |
|
Euro |
1 |
Rs.72.29 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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---- |
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.