|
Report Date : |
31.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
TELECOM SQUARE
INC |
|
|
|
|
Registered Office : |
Homat Horizon Bldg 1F, 6-2 Gobancho
Chiyodaku Tokyo 102-0076 |
|
|
|
|
Country : |
Japan |
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|
|
|
Financials (as on) : |
31.12.2014 (Estimated) |
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|
|
|
Date of Incorporation : |
March 1974 |
|
|
|
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Com. Reg. No.: |
0100-01-026918 (Tokyo-Chiyodaku) |
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|
|
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Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Engaged in rental
of Communication Devices, such as Wi-Hi Routers, Smartphones & Mobile
Phones |
|
|
|
|
No of Employees : |
154 |
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 |
|
Payment Behaviour : |
No Complaints |
|
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 Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate 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 |
TELECOM SQUARE INC
KK Telecom
Homat Horizon Bldg
1F, 6-2 Gobancho Chiyodaku Tokyo 102-0076 JAPAN
Tel: 03-3239-2333 Fax: 03-3239-2444
URL: http://www.telecomsquare.co.jp
E-Mail address: (thru the URL)
Engaged in rental of Communication Devices, such as Wi-Hi Routers, Smartphones & Mobile Phones
Airports
– Narita, Haneda, Kansai, Shinchitose, Chubu, Takamatsu, Fukuoka
USA,
China, Taiwan, Singapore, Myanmar
YUJI
YOSHITAKE, PRES Yoko Yun, dir
Yorihiko
Otsuka, dir Akiko
Iwanami, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 4,378 M
PAYMENTSNo Complaints CAPITAL Yen 54 M
TREND UP WORTH Yen 886 M
STARTED 1974 EMPLOYES 154
RENTAL OF COMMUNICATION DEVICES.
FINANCIAL SITUATION CONSIDERED FAIR
AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company specializes in rental of communication devices, such as Wi-Hi routers, smartphones, mobile phones, other. Clients include consumers, travel agents, hotels, business firms, other, nationwide. Has offices/branches at all international airports Japan.
The sales volume for Dec/2013 fiscal term amounted to Yen 4,378 million, a 25% up from Yen 3,513 million in the previous term. Travelers both at home and abroad rose much and sales increased. The recurring profit was posted at Yen 265 million and the net profit at Yen 93 million, respectively, compared with Yen 99 million recurring profit and Yen 10 million net profit, respectively, a year ago.
For the current term ending Dec 2014 the recurring profit is projected at Yen 290 million and the net profit at Yen 105 million, respectively, on a 10% rise in turnover, to Yen 4,800 million. Business is seen expanding steadily.
The financial situation is considered FAIR and good for
ORDINARY business engagements.
Date Registered: Mar 1974
Regd No.: 0100-01-026918 (Tokyo-Chiyodaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
438,104 shares
Issued:
109,526 shares
Sum: Yen 54,763,000
Major shareholders (%): PL Holdings* (39), Yuji
Yoshitake (33), Yasushi Yoshitake (13), Sachiko Yoshitake (12), Company’s
Treasury Stock (2)
*.. Holding company
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Rental of Wi-Hi routers, smartphones, mobile phones, other communication devices (--100%)
Clients: [Travel agencies, business firms, hotels, consumers] JTB, Kinki Nippon Tourists, Top Tours, Nippon Travel Agency, other
No. of accounts: Unavailable
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] NTT DoComo, SoftBank, KDDI, Callhire, PLC, other
Payment record: No Complaints
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
SMBC (Kojimachi)
Mizuho Bank (Kojimachi)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
|
Annual
Sales |
|
4,800 |
4,378 |
3,513 |
2,718 |
|
Recur.
Profit |
|
290 |
265 |
99 |
85 |
|
Net
Profit |
|
105 |
93 |
10 |
67 |
|
Total
Assets |
|
|
1,725 |
1,445 |
1,158 |
|
Current
Assets |
|
|
1,264 |
1,183 |
841 |
|
Current
Liabs |
|
|
573 |
610 |
308 |
|
Net
Worth |
|
|
886 |
793 |
782 |
|
Capital,
Paid-Up |
|
|
54 |
54 |
54 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
9.64 |
24.62 |
29.25 |
11.26 |
|
|
Current Ratio |
.. |
220.59 |
193.93 |
273.05 |
|
|
N.Worth Ratio |
.. |
51.36 |
54.88 |
67.53 |
|
|
R.Profit/Sales |
6.04 |
6.05 |
2.82 |
3.13 |
|
|
N.Profit/Sales |
2.19 |
2.12 |
0.28 |
2.47 |
|
|
Return On Equity |
.. |
10.50 |
1.26 |
8.57 |
|
Notes:
Forecast (or estimated) figures for the 31/12/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.46 |
|
UK Pound |
1 |
Rs.98.21 |
|
Euro |
1 |
Rs.77.45 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SDA |
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.