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Report Date : |
01.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
XCOM GLOBAL INC |
|
|
|
|
Registered Office : |
Tokyo Tatemono Higashi-Shibuya Bldg 8F, 1-26-20 Higashi Shibuyaku
Tokyo, 150-0011 |
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|
|
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Country : |
Japan |
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|
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Financials (as on) : |
31.08.2013 |
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|
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Date of Incorporation : |
November 1995 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Trading firm for rental services of mobile phones, mobile data communication
systems, mobile computers, marketing research, other |
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|
|
|
No of Employees : |
84 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
Yen 44.1 million |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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. 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 |
XCOM GLOBAL INC
REGD NAME: Xcom Global KK
MAIN OFFICE: Tokyo Tatemono Higashi-Shibuya Bldg 8F, 1-26-20
Higashi Shibuyaku Tokyo
150-0011 JAPAN
Tel: 03-5766-7722 Fax:
03-5766-2723
URL: http://www.xcomglobal.co.jp
E-Mail address: (thru the URL)
Rental service of mobile phones, mobile data communication system
Osaka
USA, Taiwan
SEIJI NISHIMURA, PRES Tatsuo
Nishimura, dir
Yoshihiro Era, dir Saneaki
Oshikoji, dir
Seiichi Mizuno, dir
Yen Amount: In million Yen,
unless otherwise stated
FINANCES FAIR A/SALES Yen 2,400 M
PAYMENTSSLOW BUT CORRECT CAPITAL Yen 93 M
TREND STEADY WORTH Yen 141 M
STARTED 1995 EMPLOYES 84
RENTAL OF MOBILE PHONES & MOBILE DATA COMMUNICATIONS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: ESTIMATED AT YEN 44.1 MILLION, ON 30 DAYS
NORMAL TERMS.
The subject company was established by Seiji Nishimura in order to make
most of his experience in the subject line of business. This is a trading firm for rental service of
mobile phones, mobile data communication systems, other, for overseas-use. Communication lines are supplied from
telephone companies in USA, China, UK and other overseas countries. Clients include major trading houses, mfrs,
TV offices, other.
Financials are disclosed only partially.
Profits for the Aug/2013 fiscal term are not precisely disclosed and are
only estimated.
The sales volume for Aug/2013 fiscal term amounted to Yen 2,400 million,
a 52% up from Yen 1,580 million in the previous term. Users rose.
The net profit is estimated posted at a minimum amount, after posting
Yen 60 million net losses in the previous term.
For the term that ended Aug 2015 the net profit was projected at Yen 85
million, on a 5% rise in turnover, to Yen 2,520 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 44.1 million, on 30 days normal terms.
Date Registered: Nov
1995
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 7,440 shares
Issued:
1,860 shares
Sum: Yen
93 million
Major shareholders (%): Seiji Nishimura (50.5), Koji Kaneko,
Employees’ S/Holding Assn, Company’s Treasury Stock, Saneaki Oshikoji (--49.5)
No. of
shareholders: 25
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Trading firm for
rental services of mobile phones, mobile data communication systems, mobile
computers, marketing research, other (--100%)
Clients: [Mfrs,
wholesalers] Pioneer Corp, Hitachi Ltd, Hakuhodo, Itochu Corp, Mitsubishi Corp,
Marubeni Corp, NHK, Nippon Television Network Corp, TBS TV, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Telephone companies in USA, China, UK, other
Payment record: Slow but correct
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactory.
Bank References:
MUFG (Aoyamadori)
Mizuho Bank (Shibuya)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/08/2014 |
31/08/2013 |
31/08/2012 |
31/08/2011 |
|
Annual Sales |
|
2,520 |
2,400 |
1,580 |
917 |
|
Recur. Profit |
|
.. |
.. |
.. |
.. |
|
Net Profit |
|
85 |
0 |
-60 |
43 |
|
Total Assets |
|
|
N/A |
N/A |
N/A |
|
Net Worth |
|
|
141 |
141 |
201 |
|
Capital, Paid-Up |
|
|
93 |
93 |
93 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical
Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
5.00 |
51.90 |
72.30 |
55.16 |
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
|
.. |
.. |
.. |
|
N.Profit/Sales |
|
3.37 |
0.00 |
-3.80 |
4.69 |
Notes: Financials are only partially disclosed. Profits for the 31/08/2013 fiscal term are
not precisely disclosed and only estimated.
Forecast (or estimated) figures for the 31/08/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.41 |
|
|
1 |
Rs.98.06 |
|
Euro |
1 |
Rs.77.19 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SMN |
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 |
|
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 |
|
<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.