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Report No. : |
355717 |
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Report Date : |
17.12.2015 |
IDENTIFICATION DETAILS
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Name : |
JUPITER SHOP CHANNEL CO LTD |
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Registered Office : |
Kokkan Bldg, 1-14-1 Shinkawa Chuoku Tokyo 154-0033 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2016 |
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Date of Incorporation : |
November 1996 |
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Com. Reg. No.: |
(Tokyo-Chuoku) 065291 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
TV shop channel operator, mail-order & catalogue sales (non-store operator) |
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No. of Employee : |
931 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
COMPANY NAME AND ADDRESS
JUPITER SHOP CHANNEL CO LTD
REGD NAME: Jupiter Shop Channel
KK
MAIN OFFICE: Kokkan Bldg,
1-14-1 Shinkawa Chuoku Tokyo 154-0033 JAPAN
Tel: 03-5641-3868 Fax: 03-5641-3797
*.. The given address is its
Logistics Center in Chiba
URL: http://www.shopch.jp
E-Mail address: (thru the URL)
ACTIVITIES
TV shop channel operator, mail-order & catalogue
sales (non-store operator)
BRANCHES
Tokyo, Osaka, Nagoya (--shops)
OFFICER(S)
ATSUSHI SHINOHARA,
PRES
Yen Amount
In million Yen,
unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 136,525 M
PAYMENTSREGULAR CAPITAL Yen
440 M
TREND STEADY WORTH Yen 24,391 M
STARTED 1996 EMPLOYES 931
COMMENT
TV SHOP CHANNEL
OPERATOR, OWNED BY SUMITOMO CORPORATION.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
YEN 4,417.0 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established as a joint venture company by Otto
Versand GmbH & Co, Germany and Sumitomo Corp, Japan’s leading general
trading house, Tokyo (See REGISTRATION),
as Otto-Sumisho Inc, for advancing into non-store mail order & catalog
sales business. In Dec 2007, the firm
renamed as captioned. This is a
top-ranked TV shop channel operator.
Handling items are wide and varies (See OPERATION). Over 30 million
households are accessible to the channel.
Operates three retail shops: Tokyo, Osaka and Nagoya.
FINANCIAL
INFORMATION
The sales amount for Mar/2015 fiscal term amounted to Yen 136,525
million, a 3% up from Yen 132,754 million in the previous term. CATV shoppers increased due to
conveniences. The recurring profit was
posted at Yen 22,263 million and the net profit at Yen 14,509 million,
respectively, compared with Yen 22,243 million recurring profit and Yen 13,956
million net profit, respectively, a year ago.
For the current term ending Mar 2016 the recurring profit is projected
at Yen 23,300 million and the net profit at Yen 15,000 million, respectively,
on a 3% rise in turnover, to Yen 140.600
million. Business is seen
steadily expanding.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 4,417.0 million, on 30 days normal terms.
REGISTRATION
Date Registered:
Nov 1996
Regd No.:
(Tokyo-Chuoku)
065291
Legal Status: Limited Company
(Kabushiki Kaisha)
Authorized: 360,000 shares
Issued: 90,000 shares
Sum: Yen 440 million
Major
shareholders (%): Sumitomo Corp*
(50), BCJ-10 (Bain Capital USA) (50)
No. of shareholders: 2
*.. One of leading general trading houses, Tokyo, founded 1919, listed
Tokyo, Nagoya, Fukuoka S/E’s, capital Yen 219,279 million, sales Yen 3,762,236
million, operating loss Yen 84,374 million, recurring loss Yen 18,561 million,
net loss Yen 73,170 million, total assets Yen 8,983,706 million net worth Yen
2,592,224 million, employees 75,448, pres Kuniharu Nakamura
Nothing detrimental is knows as to the
commercial morality of executives.
OPERATION
Activities: Digital CATV shop
channel operator, direct shopping, catalog & mail-order sales (--100%)
(Handing Items): jewelry, apparel,
fashion, cosmetics, beauty care, diet, fitness, home interiors, home electric
appliances, gourmet, liquor, flower, travel, other
Clients: Consumers
No. of accounts: over 30 million households
Domestic areas of activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Sumitomo Corp, Sky Perfect JSAT Corp,, Eddie Bauer Japan, Cable
TV, Sumisho Global Logistics, Sagawa Express Co, SCSK, other.
Payment
record: Regular
Location: Business area in Tokyo. Office premises at the caption address are
owned and maintained satisfactorily.
Bank
References:
MUFG (H/O)
SMBC (Tokyo)
Relations:
Satisfactory
FINANCES
(In Million
Yen)
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Terms Ending: |
31/03/2016 |
31/03/2015 |
31/03/2014 |
31/03/2013 |
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Annual
Sales |
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140,600 |
136,525 |
132,754 |
127,161 |
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Recur.
Profit |
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23,300 |
22,263 |
22,243 |
20,355 |
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Net
Profit |
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15,000 |
14,509 |
13,956 |
12,598 |
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Total
Assets |
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45,290 |
49,216 |
42,469 |
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Current
Assets |
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26,903 |
30,273 |
29,297 |
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Current
Liabs |
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18,922 |
22,137 |
16,837 |
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Net
Worth |
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24,391 |
25,361 |
24,003 |
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Capital,
Paid-Up |
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4,400 |
7,902 |
7,902 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
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(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
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2.98 |
2.84 |
4.40 |
5.20 |
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Current Ratio |
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.. |
142.18 |
136.75 |
174.00 |
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N.Worth Ratio |
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.. |
53.86 |
51.53 |
56.52 |
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R.Profit/Sales |
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16.57 |
16.31 |
16.76 |
16.01 |
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N.Profit/Sales |
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10.67 |
10.63 |
10.51 |
9.91 |
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Return On Equity |
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.. |
59.49 |
55.03 |
52.49 |
Notes: Forecast (or
estimated) figures for the 31/03/2016 fiscal term.
RATING EXPLANATIONS
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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 |
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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.