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Report No. : |
303933 |
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Report Date : |
17.01.2015 |
IDENTIFICATION DETAILS
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Name : |
PRIME1 STUDIO CO LTD |
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Registered Office : |
Sakura Queen Bldg 7F, 4-50-5 Higashi-Tateishi
Katsushikaku |
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Country : |
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Financials (as on) : |
28.02.2014 |
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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 : |
Manufacturer of Apparel, Retail of Toys, Other. |
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No. of Employees : |
5 |
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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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 |
|
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 |
PRIME1 STUDIO CO LTD
REGD NAME: KK
Prime1 Studio
MAIN OFFICE: Sakura
Queen Bldg 7F, 4-50-5 Higashi-Tateishi Katsushikaku
Tel: Unavailable
URL: http://www.prime1studio.co.jp
E-Mail address: (thru the URL)
Mfg of apparel,
retail of toys, other
Nil
(Subcontracted)
RIO MATSUMOTO,
PRES
Yen Amount: In million Yen, unless otherwise stated
FINANCES R/WEAK A/SALES Yen 48 M
PAYMENTS SLOW BUT CORRECT CAPITAL Yen
5 M
TREND UP WORTH Yen 5 M
STARTED 2012 EMPLOYES 5
MFR OF APPAREL, RETAIL OF TOYS, OTHER.
FINANCIAL SITUATION CONSIDERED RATHER WEAK
BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
The subject company was established by Rie
Matsumoto in order to make most of her experience in the subject line of
business. This is a specialized mfr
(subcontracted) of apparel, clothing accessories, retail of toys, other. .
Financials are
disclosed only partially.
The sales volume
for Feb/2014 fiscal term amounted to Yen 48 million, a 380% up from Yen 10
million for the initial accounting term ended Feb 2013. The net profit was posted at Yen 1 million,
compared with Yen 1 million net losses a year ago.
For the current
term ending Feb 2015 the net profit is projected at Yen 5 million, on a 15%
rise in turnover, to Yen 55 million.
Business volume continued expanding.
The financial
situation is considered RATHER WEAK but should be good for MODERATE business
engagements.
Date Registered: Mar
2012
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 400 shares
Issued: 100 shares
Sum: Yen 5 million
Major
shareholders (%): Rie Matsumoto (100)
Nothing
detrimental is known as to her commercial morality.
Activities: Manufactures
apparel & clothing accessories (subcontracted), retails toys, other
(--100%)
Clients: Consumers
No. of accounts: Unavailable
Domestic areas of activities:
Centered in Saitama-Pref
Suppliers: [Mfrs,
wholesalers] Jian Weisheng
Co Ltd, Takara Tomy Co, other
Payment record: Slow but correct
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactory.
Bank References:
Mizuho Bank (Kawagoe)
Relations: Satisfactory
(In Million Yen)
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Terms Ending: |
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28/02/2015 |
28/02/2014 |
28/02/2013 |
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Annual
Sales |
|
55 |
48 |
10 |
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Recur.
Profit |
|
.. |
.. |
.. |
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Net
Profit |
|
5 |
1 |
-1 |
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Total
Assets |
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N/A |
N/A |
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Net
Worth |
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|
5 |
4 |
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Capital,
Paid-Up |
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5 |
5 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
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<Analytical Data> |
|
(%) |
(%) |
(%) |
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S.Growth Rate |
|
14.58 |
380.00 |
- - - |
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Current Ratio |
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|
.. |
.. |
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N.Worth Ratio |
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|
.. |
.. |
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N.Profit/Sales |
|
9.09 |
2.08 |
-10.00 |
Notes: Financials are
only partially disclosed. The 28/02/2013
fiscal term is the initial accounting term from the inception of the firm.
Forecast (or
estimated) figures for the 28/02/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.89 |
|
|
1 |
Rs.93.92 |
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Euro |
1 |
Rs.72.01 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
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 |
-- |
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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.