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Report Date : |
22.01.2014 |
IDENTIFICATION DETAILS
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Name : |
MOBCAST INC |
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Registered Office : |
Step Roppongi 4F, 6-8-10 Roppongi Minatoku
Tokyo 106-0032 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
March 2004 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Subject Provides, operates, offers and designs mobile sports media “mobilecast” (social game service), other software |
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No. of Employees : |
120 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 184.4
Million |
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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 |
MOBCAST INC
REGD NAME: KK
Mobcast
MAIN OFFICE: Step
Roppongi 4F, 6-8-10 Roppongi Minatoku Tokyo 106-0032 JAPAN
Tel:
03-5414-6830
Fax: 03-5414-6839
URL: http://www.mobcast.co.jp
E-Mail address: (thru the URL)
Operate,
management of mobile sports media “Mobile”
Nil
KOKI YABU, PRES Makoto Yorisada, mgn dir
Takuo Kiyota, dir Takashi Satoh, dir
Shinji Kazutomo, dir Tomohito Ebine, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 4,932 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 686 M
TREND UP WORTH Yen 1,748 M
STARTED 2004 EMPLOYES 120
OPERATE “MOBILECAST” MOBILE SPORTS MEDIA.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
YEN 184.4 MILLION, 30 DAYS NORMAL TERMS
The subject company was established originally as KK Mobile Broadcasting
for making and designing mobile contents, and in Apr 2004 renamed as
captioned. This is a specialized
provider and designer of social game service & social media service named
“mobilecast” for offering mobile sports media.
Also makes software. Clients include
major telecom companies, nationwide.
The sales volume for Dec/2012 fiscal term amounted to Yen 4,932 million,
a 144% up from Yen 2,022 million in the previous term. Clients expanded to major telecom companies and
sales increased. The recurring profit
was posted at Yen 1,117 million and the net profit at Yen 648 million,
respectively, compared with Yen 510 million recurring profit and yen 484
million net profit, respectively, a year ago.
For the current term ending Dec 2013 the recurring profit is projected
at Yen 1,200 million and the net profit at Yen 660 million, respectively, on a
3% rise in turnover, to Yen 5,100 million.
Business is seen expanding steadily.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 184.4 million, on 30 days normal terms.
Date Registered: Mar 2004
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 13,783 shares
Issued: 13,783
shares
Sum: Yen 696.925 million
Major
shareholders (%): Koki Yabu (40), Japan Master Trust (5), Pit Isle (3)
No. of shareholders: 30
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Provides,
operates, offers and designs mobile sports media “mobilecast” (social game
service), other software (--100%)
Clients: [Mfrs,
wholesalers] Telecom Credit, KDDI, Web Money, NTTDocomo, SoftBank Mobile,
other
No. of accounts:
500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Subcontracted and individual providers
Payment record: No complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References: Mizuho Bank
(Yotsuya)
Mitsui
Sumitomo Trust Bank (Shibuya-Chuo)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
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Annual
Sales |
|
5,100 |
4,932 |
2,022 |
402 |
|
Recur.
Profit |
|
1,200 |
1,117 |
510 |
31 |
|
Net
Profit |
|
660 |
648 |
484 |
16 |
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Total
Assets |
|
|
2,824 |
1,329 |
360 |
|
Current
Assets |
|
|
2,548 |
1,237 |
310 |
|
Current
Liabs |
|
|
1,046 |
499 |
115 |
|
Net
Worth |
|
|
1,748 |
716 |
181 |
|
Capital,
Paid-Up |
|
|
686 |
686 |
686 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.41 |
143.92 |
402.99 |
99.01 |
|
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Current Ratio |
|
.. |
243.59 |
247.90 |
269.57 |
|
N.Worth Ratio |
.. |
61.90 |
53.88 |
50.28 |
|
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R.Profit/Sales |
|
23.53 |
22.65 |
25.22 |
7.71 |
|
N.Profit/Sales |
12.94 |
13.14 |
23.94 |
3.98 |
|
|
Return On Equity |
.. |
37.07 |
67.60 |
8.89.. |
|
Notes: Forecast
(or estimated) figures for the 31/12/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.54 |
|
|
1 |
Rs.101.08 |
|
Euro |
1 |
Rs.83.38 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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 |
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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.