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Report Date : |
18.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
ENTREX INCORPORATED |
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|
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Registered Office : |
BYGS 7F, 2-19-19 Shinjuku Shinjukuku Tokyo 160-0022 |
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Country : |
Japan |
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Financials (as on) : |
31.08.2013 |
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Date of Incorporation : |
Jan., 1986 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale and retail of interior goods, decorations, other. |
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No. of Employees : |
281 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 |
|
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 |
ENTREX INCORPORATED
REGD NAME: KK
Entrex
MAIN OFFICE: BYGS
7F, 2-19-19 Shinjuku Shinjukuku Tokyo 160-0022 JAPAN
Tel: 03-5368-1811 Fax: 03-5368-1802
*.. The firm moved
to the caption address and registered thereat
The Entrex Bldg is
leased to its subsidiary
E-mail Address: (thru the URL)
Import, wholesale,
retail of interior goods, decorations, other
Tokyo, Chiba,
Saitama, Yokohama, Ibaraki, other (Tot 22)
TAKANORI TADA,
PRES Ryuzo Tomoi, ch
Kazuaki Shimomura,
v pres Jun’ichi Nakamura, s/mgn dir
Akihito Kamiyama,
mgn dir Tsutomu Koshigoshi, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 8,159 M
PAYMENTSNO COMPLAINTS CAPITAL Yen 100 M
TREND UP WORTH Yen 2,223 M
STARTED 1986 EMPLOYES 281
TRADING FIRM
SPECIALIZING IN INTERIOR ITEMS.
FINANCIAL SITUATION CONSIDERED FAIR AND
ORDINARY BUSINESS ENGAGEMENTS
The subject
company was established by Ryuzo Tomoi, now ch, in order to make most of his
experience in the subject line of business.
This is a trading firm, with retailing operations, for import and
wholesale of home interior goods, interior decorations, other. Operates a total 23 stores nationwide,
including some in department stores.
Wholesaling clients include chain stores, department stores, other.
The sales volume
for Aug/2013 fiscal term amounted to Yen 8,159 million, a 9% up from Yen 7,477
million in the previous term. The
recurring profit was posted at Yen 1,213 million and the net profit at Yen 714
million, respectively, compared with Yen 1,337 million recurring profit and Yen
945 million net losses, respectively, a year ago.
.
For the term that
ended Aug 2014 the recurring profit was projected at Yen 1,250 million and the
net profit at Yen 750 million, respectively, on a 4% rise in turnover, to Yen
8,450 million. Final results are yet to
be released.
The financial
situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Jan
1986
Legal Status: Limited Company
(Kabushiki Kaisha)
Authorized: 20,662 shares
Issued: 5,165 shares
Sum: Yen 158,275,000.00
Major
shareholders (%): Ryuzo Tomoi (22), T & T Enterprises (13), Company’s Treasury Stock
(8)
No. of
shareholders: 57
Nothing detrimental is known as to the
commercial morality of executives.
Activities: Imports,
wholesales and retails home interior goods, interior decorations, other,
operating 26 stores nationwide (--100%)
Clients: [Mfrs,
wholesalers] Styling Life Holdings, Tokyu Hands, Heinz Corporation, The Loft
Co, Pulse Co, Tokyo Interior Corp, Isetan Mitsukoshi (Department Store), other
No. of accounts: 300 (Wholesales
Div)
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs, wholesalers]
Sanyo Insatsu Kogei Co, Fuji Ind Co, Akatsuki BP Co, Ida Ryogokudo Co, other.
Goods are imported.
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
SMBC (Kanda)
Mizuho Bank (Iidabashi)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
31/08/2014 |
31/08/2013 |
31/08/2012 |
31/08/2011 |
|
|
Annual
Sales |
|
8,450 |
8,159 |
7,477 |
6,222 |
|
Recur.
Profit |
|
1,250 |
1,213 |
1,337 |
|
|
Net
Profit |
|
750 |
714 |
945 |
202 |
|
Total
Assets |
|
|
5,897 |
5,299 |
4,628 |
|
Current
Assets |
|
|
3,582 |
3,398 |
|
|
Current
Liabs |
|
|
2,760 |
1,352 |
|
|
Net
Worth |
|
|
2,223 |
1,750 |
802 |
|
Capital,
Paid-Up |
|
|
100 |
100 |
100 |
|
Div.Ttl
in Million (¥) |
|
|
8.5 |
0.00 |
0.00 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
3.57 |
9.12 |
20.17 |
1.27 |
|
Current Ratio |
|
.. |
129.78 |
251.33 |
.. |
|
N.Worth Ratio |
|
.. |
37.70 |
33.03 |
17.33 |
|
R.Profit/Sales |
|
14.79 |
14.87 |
17.88 |
.. |
|
N.Profit/Sales |
|
8.88 |
8.75 |
12.64 |
3.25 |
|
Return On Equity |
|
.. |
32.12 |
54.00 |
25.19 |
Notes: Forecast
(or estimated) figures for the 31/08/2014 Fiscal Term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.68 |
|
|
1 |
Rs.96.94 |
|
Euro |
1 |
Rs.77.36 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
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.