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Report Date : |
01.04.2014 |
IDENTIFICATION DETAILS
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Name : |
ANGEL PLAYING CARDS MFG CO LTD |
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Registered Office : |
4500 Aonocho Higashi-Omi Shiga-Pref 527-0232 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
April, 2007 |
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Com. Reg. No.: |
1600-01-011345 (Shiga-Higashi-Omi) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturer of Playing Cards, Puzzles, Other
Game Cards. |
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No. of Employees : |
180 |
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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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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
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 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
ANGEL
PLAYING CARDS MFG CO LTD
REGD
NAME: Angel Playing Cards Seizo KK
MAIN
OFFICE: 4500 Aonocho Higashi-Omi
Shiga-Pref 527-0232 JAPAN
Tel:
0748-27-3155 Fax: 0748-27-8156
URL: http//:www.angelplayingcards.com
E-mail: (thru
the URL)
Mfg of playing cards, puzzles, other game
cards.
Nil
At the caption address
YASUSHI SHIGETA, PRES
Takamasa Tsuji, dir
Yuji Hirano, dir
Yen Amount: In
million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen
6,500 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 10 M
TREND UP WORTH Yen 1,270 M
STARTED 2007 EMPLOYES 180
MFR OF PLAYING CARDS
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS
The subject
company was established on the basis of a division separated from Angel Playing
Cards Co Ltd. This is a specialized mfg
of playing cards, puzzles, other game cards.
Yasushi Shigeta is concurrently pres at the parent. Goods are wholly supplied to Angel Playing
Cards Co.
Financials are
only partially disclosed.
The sales volume for Mar/2013 fiscal term
amounted to Yen 370 million, an 8% up from Yen 6,000 million in the previous
term. New puzzle games were in good
demand. The net profit was posted at Yen
370 million, compared with Yen 350million a year ago. .
For the current term ending Mar/2014 the net
profit is projected at Yen 380 million, on a 6% rise in turnover, to Yen 6,700
million. Business is seen expanding steadily.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Date
Registered: Apr 2007
Regd
No.: 1600-01-011345
(Shiga-Higashi-Omi)
Legal
Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800
Issued:
200 shares
Sum:
Yen
10 million
Major
shareholders (%): Yasushi Shigeta* (100)
*.. Owner of Angel Playing Cards Co Ltd,
trading firm specializing in playing cards, Shiga, founded 1956, capital 40 million,
sales Yen 7,100 million, employees 30
Nothing detrimental is known as to the
commercial morality of executives.
Activities: Manufactures playing cards, puzzles and
other game cards (--100%).
Clients: [Wholesaler] Shipped wholly to the
parent, Angel Playing Co Ltd
No.
of accounts: 1
Domestic
areas of activities: Centered in Shiga-Pref
Suppliers: [Mfrs, wholesalers] International Pulp
& Paper, other,
Payment
record: No Complaints
Location: Business area in Higashi-Omi, Shiga-Pref. Office premises at the caption address are
leased and maintained satisfactorily.
Bank
References:
Shiga
Bank (Yokaichi-Higashi)
MUFG
(Kyoto)
Relations:
Satisfactory
(In Million Yen)
|
Terms
Ending: |
|
31/03/2014 |
31/03/2013 |
31/03/2012 |
31/03/2011 |
|
Annual
Sales |
|
6,700
|
6,500
|
6,000
|
5,500
|
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
380 |
370 |
350 |
320 |
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Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
1,270
|
1,011
|
766 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.08 |
8.33 |
9.09 |
3.77 |
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Current Ratio |
.. |
.. |
.. |
||
|
N.Worth Ratio |
.. |
.. |
.. |
||
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N.Profit/Sales |
5.67 |
5.69 |
5.83 |
5.82 |
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Notes: Financials are only partially
disclosed.
Forecast (or estimated) figures for the
31/03/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.10 |
|
|
1 |
Rs.99.85 |
|
Euro |
1 |
Rs.82.58 |
INFORMATION DETAILS
|
Report
Prepared by : |
NNA |
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 |
|
-- |
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.