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Report Date : |
07.04.2014 |
IDENTIFICATION DETAILS
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Name : |
NIKKEI INC |
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Registered Office : |
1-3-7 Ohtemachi Chiyodaku Tokyo 100-8066 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
August 1911 |
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Legal Form : |
Limited Company |
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Line of Business : |
· Subject a newspaper publishing company and tops in business & economic news. · Subject also publishes digital media (electronic edition) to book & magazine publishing to broadcasting |
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No. of Employees |
2,432 |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
Yen 5,913.3 Million |
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Status : |
Good |
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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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 2013 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 225% 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 |
NIKKEI INC
KK Nihon Keizai
Shimbunsha
1-3-7 Ohtemachi
Chiyodaku Tokyo 100-8066 JAPAN
Tel: 03-3270-0251 Fax: 03-5255-2706
URL: http://www.nikkei.co.jp
E-Mail address: (thru the URL)
Newspaper
publishing
Osaka,
Nagoya, Fukuoka, Sapporo, Kyoto, Kobe, other (tot 89 locations)
New York,
London, Singapore, Hong Kong, other (Tot 35 locations)
TSUNEO
KITA, PRES Masanori
Sato, v pres
Yasuo
Hirata, ch Satoshi
Nakamura, s/mgn dir
Shigeru
Komgo, s/mgn dir Naotoshi
Okada, s/mgn dir
Yen
Amount: In million Yen, unless otherwise
stated
FINANCES FAIR A/SALES Yen 171,894 M
PAYMENTS REGULAR CAPITAL Yen 2,500 M
TREND UP WORTH Yen 223,783 M
STARTED 1911 EMPLOYES 2,432
NEWSPAPER PUBLISHING.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 5,913.3 MILLION, 30 DAYS NORMAL TERMS
The subject company was established originally in 1876 as publishing
newspaper, and was incorporated in 1911.
This is a newspaper publishing company and tops in business &
economic news. It also publishes digital
media (electronic edition) to book & magazine publishing to broadcasting. Expanding new areas including education and
index-related businesses.
The sales volume for Dec/2012 fiscal term amounted to Yen 171,894
million, a 0.5% up from Yen 170,895 million in the previous term. Electronic editions were in good demand. The recurring profit was posted at Yen 9,626
million and the net profit at Yen 6,611 million, respectively, compared with
Yen 4,509 million recurring profit and Yen 3,430 million net profit,
respectively, a year ago.
For the current term ending Dec 2013 the recurring profit was projected
at Yen 1,800 million and the net profit at Yen 6,700 million, respectively, on
a 3% rise in turnover, to Yen 177,000 million.
Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 5,913.3 million, on 30 days normal terms.
Date Registered: Aug 1911
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
100 million shares
Issued: 25 million shares
Sum: Yen 2,500 million
Major shareholders (%): Nikkei Kyoeikai (5), Nikkei
Fukusikai (4), Tsuneo Kita (2)
No. of shareholders:
4,141
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Publishes daily newspapers,
English papers, economic journals, weeklies, books, magazines, electronic
edition, broadcasting, databank services (--100%)
Clients: [Mfrs,
wholesalers] Dentsu, Nikkeisha Inc, Hakuhodo DY Media Partners, Nikkei Digital
Media, other
No. of accounts: 800
Domestic areas of activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Oji Paper, Nippon Paper, Daioh Paper, Dainippon Printing, Toppan
Printing, other
Payment record: Regular
Location:
Business area in Tokyo. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References:
MUFG
(Kyobashi)
SMBC
(Nihombashi)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
Annual
Sales |
|
177,000 |
171,894 |
170,895 |
177,468 |
|
Recur.
Profit |
|
9,800 |
9,626 |
4,509 |
6,874 |
|
Net
Profit |
|
6,700 |
6,611 |
3,430 |
5,519 |
|
Total
Assets |
|
|
329,907 |
336,327 |
344,883 |
|
Current
Assets |
|
|
73,946 |
75,274 |
70,206 |
|
Current
Liabs |
|
|
40,863 |
44,034 |
46,879 |
|
Net
Worth |
|
|
223,783 |
216,516 |
210,602 |
|
Capital,
Paid-Up |
|
|
2,500 |
2,500 |
2,500 |
|
Div.Ttl
in Million (¥) |
|
|
375 |
350 |
300 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.97 |
0.58 |
-3.70 |
0.21 |
|
|
Current Ratio |
.. |
180.96 |
170.95 |
149.76 |
|
|
N.Worth Ratio |
.. |
67.83 |
64.38 |
61.06 |
|
|
R.Profit/Sales |
5.54 |
5.60 |
2.64 |
3.87 |
|
|
N.Profit/Sales |
3.79 |
3.85 |
2.01 |
3.11 |
|
|
Return On Equity |
.. |
2.95 |
1.58 |
2.62 |
|
Notes:
Forecast (or estimated) figures for the 31/12/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.32 |
|
UK Pound |
1 |
Rs.100.04 |
|
Euro |
1 |
Rs.82.65 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
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 |
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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 |
|
|
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 |
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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.