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Report Date : |
17.11.2014 |
IDENTIFICATION DETAILS
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Name : |
ENJIN INC |
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Registered Office : |
Taishido Carrot Tower 16F, 4-1-1 Taishido Setagayaku Tokyo 154-0004 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
March, 2012 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Advertising Agency, Business Consultant. |
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No. of Employees : |
39 |
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 25.5 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 – 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 |
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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. 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 |
ENJIN INC
REGD NAME: KK
Engine
MAIN OFFICE: Taishido
Carrot Tower 16F, 4-1-1 Taishido Setagayaku Tokyo 154-0004 JAPAN
Tel:
03-5787-0061
URL: http://www.en-jin.jp
E-Mail address: (thru
the URL)
Advertising
agency, business consultant
Nil
JUNICHI NAKAMURA,
PRES
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 1,392 M
PAYMENTSNO COMPLAINTS CAPITAL Yen 60 M
TREN UP WORTH Yen
196 M
STARTED 2012 EMPLOYES 39
AD AGENCY.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT:
ESTIMATED AT YEN 25.5 MILLION, ON 30 DAYS NORMAL TERMS.
The subject company was established by Junichi Nakazawa in order to make
most of his experience in the subject line of business. This is an advertising agent, business
consultant, other. Clients are Oriental
Land in Japan.
Financials are
disclosed only partially.
The sales volume
for Dec/2013 fiscal term amounted to Yen 1,392 million, a 4% up from Yen 1,343
million in the previous term for irregular 3 months. The net profit was posted at Yen 123 million,
compared with yen 98 million a year ago.
For the current
term ending Dec 2014 the net profit is projected at Yen 125 million, on a 5%
rise in turnover, to Yen 1,460 million.
The financial situation
is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 25.5
million, on 30 days normal terms.
Date Registered: Mar
2012
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 4,856 shares
Issued: 1,214
shares
Sum: Yen
60.7 million
Major
shareholders (%): Junichi Nakazawa (100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: This is an advertisement agency, and
business consultant (--100%)
Clients: [Mfrs, wholesalers] Oriental Land,
other
No. of accounts: Few
Domestic areas of
activities: Centered in the greater-Tokyo
Suppliers: [Mfrs, wholesalers] Aoi Pro, Amano, Movie
making production, other
Payment record: No Complaints
Location: Business area in Tokyo. Office premises at the caption address are
leased and maintained satisfactory.
Bank References:
Mizuho Bank (Toranomon)
Shoko Chukin Bank
(Shibuya)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/12/2014 |
31/12/2013 |
31/03/2013 |
|
Annual
Sales |
|
1,460 |
1,392 |
1,343 |
|
Recur.
Profit |
|
.. |
.. |
.. |
|
Net
Profit |
|
125 |
123 |
98 |
|
Total
Assets |
|
|
N/A |
N/A |
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Net Worth |
|
|
196 |
73 |
|
Capital,
Paid-Up |
|
|
60 |
60 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
4.89 |
3.65 |
- - - |
|
Current Ratio |
|
|
.. |
.. |
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N.Worth Ratio |
|
|
.. |
.. |
|
N.Profit/Sales |
|
8.56 |
8.84 |
7.30 |
Notes: Financials
are only partially disclosed. The
31/03/2013 is the initial accounting term.
Forecast (or
estimated) figures for the 31/12/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.65 |
|
|
1 |
Rs.96.54 |
|
Euro |
1 |
Rs.76.70 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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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 |
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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 |
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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.