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Report No. : |
298798 |
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Report Date : |
05.01.2015 |
IDENTIFICATION DETAILS
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Name : |
RESEARCH PANEL ASIA, INC. |
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Registered Office : |
Shibuya First Place Bldg. 8F., 8-16, Shinsen-cho, Shibuya-ku, Tokyo 150-0045 |
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Country : |
Japan |
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Date of Incorporation : |
01.10.2009 |
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Com. Reg. No.: |
0110-01-062384 |
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Legal Form : |
Private company |
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Line of Business : |
Service Provider
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No. of Employee : |
8 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
US$ 100,000 |
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Status : |
Moderate |
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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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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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.
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Source
: CIA |
RESEARCH PANEL
ASIA, INC.
========
Country: Japan
Company name: RESEARCH PANEL ASIA,
INC.
Name in local language: RESEARCH
PANEL ASIA, K.K.
Office address: Shibuya First
Place Bldg. 8F., 8-16, Shinsen-cho, Shibuya-ku,
Tokyo 150-0045
Office tel: 03-5459-1045
Website: www.researchpanelasia.com
Business type: Service
Industry: Marketing
research
Established: October 1, 2009
Capital: Jp.
125,000,000 yen
Employees: 8
Corporate formation: Private
Corporation No.: 0110-01-062384
(Tokyo Legal Affairs Bureau)
=====================
Paid in capital : Jp.
125,000,000 yen
Number of authorized shares : 16,000
shares
Shares issued : 5,000
shares
Number of shareholder : 1
VOYAGE GROUP, Inc.(#3688) holds 100 percent.
Activity Product/Service
Description
-------------------------------------------------------------------------------
Service Marketing
research
President Mr. Toshiki Sano (Director of the
parent company)
Nationality: Japan
Director Mr. Shinten Usami
(President of the parent company)
Nationality: Japan
Director
Mr. Hidenori
Nagaoka (Director of the parent company)
Nationality: Japan
Auditor Mr.
Yuji Kodama
Nationality: Japan
Note: The names of director(s) and auditor(s) are phonetically spelt.
*Key Personnel*
==============
Mr. Toshiki Sano
President and representative director
Business career:
2001: Employed by
VOYAGE GROUP, Inc.
2005: Established
“Research Panel, Inc.” as CEO.
2009: Started up
the subject as CEO.
Home address: 1-14-9, Eifuku, Suginami-ku, Tokyo 168-0064
===========
Currency: (local
currency - Jp. yen)
-------------------------------------------------------------------------------------
Year |
Sales | Net Income
-------------------------------------------------------------------------------------
|
2012 |
136,000,000 |
loss 23,999,000 |
|
2013 |
244,000,000 |
loss 35,223,000 |
*Book Closing*
============
September 30th
*Financials*
==========
|
Balance Sheet |
|||
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Unit: thousands of JP yen |
|||
|
|
9/30/2011 |
9/30/2012 |
9/30/2013 |
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Current assets |
139,349 |
85,702 |
99,591 |
|
Cash & deposits |
- |
16,059 |
15,442 |
|
Account receivables |
- |
45,667 |
68,252 |
|
Others |
139,349 |
23,976 |
15,897 |
|
Fixed assets |
51,428 |
115,936 |
117,816 |
|
Tangible assets |
- |
382 |
222 |
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Intangible assets |
- |
0 |
710 |
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Investments & others |
- |
115,554 |
116,883 |
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Total Assets |
190,778 |
201,639 |
217,407 |
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Current liabilities |
46,471 |
32,016 |
283,007 |
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Account payables |
- |
16,310 |
22,304 |
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Short term loans |
- |
0 |
242,185 |
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Outstanding accounts |
- |
9,423 |
11,453 |
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Outstanding taxes |
- |
552 |
567 |
|
Others |
46,471 |
5,731 |
6,498 |
|
Fixed liabilities |
150,684 |
200,000 |
0 |
|
Long term loans |
- |
200,000 |
0 |
|
Others |
150,684 |
0 |
0 |
|
Shareholders' equity |
-6,377 |
-30,376 |
-65,599 |
|
Paid up capital |
125,000 |
125,000 |
125,000 |
|
Capital reserves |
125,000 |
125,000 |
125,000 |
|
Retained earnings |
-256,377 |
-280,376 |
-315,599 |
|
Total Net Assets |
-6,377 |
-30,376 |
-65,599 |
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Total Liabilities & Net
Assets |
190,778 |
201,639 |
217,407 |
*Bank Details*
============
Bank Name : Mizuho Bank, Ltd.
Branch : Shibuya
*Credit Opinion*
=============
The subject is one of 19 consolidated subsidiaries, held by VOYAGE
GROUP, Inc., a public listed corporation since July 2014.
The profile of the parent is as follows:
As of September 30, 2014 on consolidated basis:
Date of foundation: October 1999
Main business: Operating platform for ad distribution mainly for
media/ad technology etc.
Capital paid-in: JPY 924 million
President: Mr. Shinten Usami
Number of employees: 289
Total assets: JPY 9,962 million
Shareholders’ equity: JPY 4,160 (ratio: 41.8%)
Retained earnings: JPY 1,561 million
Interest-bearing borrowings: JPY 392 million
The subject can be regarded as the same business entity as that of the
subject.
The subject has been renewing the record high performance now.
Mr. Toshiki Sano used to manage the most profitable subsidiary, Research
Panel, Inc.
Our standard suggestion would be up to US$ 100,000 on terms of 90 days
judging from the financial status of its parent company.
================================
Overseas offices: Shanghai, Los Angeles, Singapore and Seoul
*Main Products
& Services*
======================
Marketing research
Research work on a sales potential of new products
Development of computer software
Data processing and related services
*Address*
=========
Registered address is the same as the operational address.
*Company History*
Date Development
-----------------------------------------------------------------------------------------------
October 1, 2009 Incorporated.
*Suppliers*
==========
VOYAGE GROUP, Inc.
Research Panel, Inc.
*Customers*
==========
Marketing firms overseas
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.29 |
|
|
1 |
Rs.98.39 |
|
Euro |
1 |
Rs.76.31 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
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Report Prepared
by : |
ANK |
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.