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Report Date : |
15.05.2014 |
IDENTIFICATION DETAILS
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Name : |
ARUJI CO LTD |
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Registered Office : |
Mita Plaza Bldg 4F, 5-4-3 Mita Minatoku Tokyo 108-0073 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
April 1995 |
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Com. Reg. No.: |
0104-01-002185 |
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Legal Form : |
Limited Company |
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Line of Business : |
Studio works (audio/video
recording, photographing), satellite transmission, Publication, other |
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No. of Employees |
54 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Max
Credit Limit : |
Yen 22.8 million |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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.
Prime Minister Shinzo ABE has declared the economy his government's top
priority; he has overturned his predecessor's plan to permanently close nuclear
power plants and is pursuing an economic revitalization agenda of fiscal
stimulus, monetary easing, and structural reform. Japan joined the Trans
Pacific Partnership negotiations in 2013, a pact that would open Japan's
economy to increased foreign competition and create new export opportunities
for Japanese businesses. 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 is exceeding 230% of GDP. To help raise
government revenue and reduce public debt, Japan decided in 2013 to gradually
increase the consumption tax to a total of 10% by the year 2015. Japan is
making progress on ending deflation due to a weaker yen and higher energy
costs, but reliance on exports to drive growth and an aging, shrinking
population pose other major long-term challenges for the economy
|
Source
: CIA |
ARUJI CO LTD
REGD NAME: KK
Aruji
MAIN OFFICE: Mita
Plaza Bldg 4F, 5-4-3 Mita Minatoku Tokyo 108-0073 JAPAN
Tel:
03-3455-3876 Fax: 03-3455-3869
URL: http://www.aruji.com
E-Mail
address: (thru the URL)
Studio
works (audio/video recording, photographing), satellite transmission,
Publication,
other
Osaka,
Yokkaichi
NOBUHIKO
MIYAGI, PRES Masato Kato, s/mgn dir
Makoto
Kudo, dir Shigehiko
Yajima, dir
Shigeko
Miyagi, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 1,258 M
PAYMENTSSLOW
CAPITAL Yen 10 M
TREND UP WORTH Yen 363 M
STARTED 1995 EMPLOYES
PUBLICATION, STUDIO OPERATION, SATELLITE TRANSMISSION,
OTHER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: ESTIMATED AT YEN 22.8 MILLION, ON 30 DAYS NORMAL TERMS.
The subject
company was established by Nobuhiko Miyagi in order to make most of his
experience in the subject line of business.
This is a special studio operator for photographing, audio/visual
recording, other), satellite transmission, data center, other. It is an affiliate of Digital Adventure Inc
(See REGISTRATION). Clients include Digital Adventure and group
firms.
Financials
are disclosed only partially, but profits are not disclosed.
The sales
volume for Mar/2013 fiscal term amounted to Yen 1,258 million, a 9% up from Yen
1,153 million in the previous term. The
operations plunged into the red due to heavy investments on satellite
transmission works and others. The net
loss is believed posted at Yen 15 million, compared with Yen 25 million net
losses a year ago.
For the
term that ended Mar 2014 the operations were projected to come back to
profitability but still limited to a minimum amount post-taxes, on a 3% rise in
turnover, to Yen 1,300 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 22.8 million, on the normal 30 days terms.
Date Registered: Apr 1995
Regd No.: 0104-01-002185 (Tokyo-Minatoku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued:
200 shares
Sum: Yen 10 million
Major shareholders (%): Digital Adventure Inc* (33),
Atoss International, Nobuhiko Miyagi, Masato Kato
No. of shareholders: 7
*..Digital Adventure Inc, Tokyo,
founded 1971, listed Tokyo JASDAQ, capital Yen 3,999 million, sales Yen 3,795
million, operating loss Yen 500 million, recurring loss Yen 538 million, net
losses Yen 433 million, total assets Yen 2,315 million, net worth Yen 1,740
million, employees 35, pres Montauk I
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Publication of books & magazines,
satellite transmissions, studio operations (audio/visual recording,
photographing, other), data center, other (--100%)
Clients: [Mfrs, wholesalers] Digital Adventure
Inc (17.2%), Aspire Vision (13.8), Jam DB (7.9), other
No. of
accounts: 100
Domestic
areas of activities: Centered in the greater-Tokyo
Suppliers: [Mfrs, wholesalers] KDDI (14.2%),
Japan Satellite Engineering (14.1%), NEXION Corp (10.4%), other
Payment record: Slow
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
Sawayaka
Shinkin Bank (Azabu)
Mizuho
Bank (Takanawadai)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/03/2014 |
31/03/2013 |
31/03/2012 |
31/03/2011 |
|
Annual
Sales |
|
1,300 |
1,258 |
1,153 |
943 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
0 |
-15 |
-25 |
-31 |
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Total
Assets |
|
|
N/A |
N/A |
N/A |
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Net
Worth |
|
|
363 |
378 |
363 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.34 |
9.11 |
22.27 |
-5.61 |
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Current Ratio |
|
|
.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
.. |
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N.Profit/Sales |
0.00 |
-1.19 |
-2.17 |
-3.29 |
|
Notes: Financials are only partially disclosed. Profits are not precisely disclosed and only
estimated.
Forecast
(or estimated) figures for the 31/03/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.87 |
|
|
1 |
Rs.100.98 |
|
Euro |
1 |
Rs.82.40 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
Report Prepared
by : |
PDT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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>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 |
|
|
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 |
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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.