MIRA INFORM REPORT

 

 

Report No. :

325063

Report Date :

01.06.2015

 

IDENTIFICATION DETAILS

 

Name :

NITORI PUBLIC CO LTD

 

 

Registered Office :

1-2-39 Shinkotoni 7-Jo Kitaku Sapporo 001-0907

 

 

Country :

Japan

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

Nov, 1975

 

 

Com. Reg. No.:

4300-01-009624 (Sapporo-Kitaku)

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Advertising Agency

 

 

No. of Employees :

107

 

 

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

 

COMPANY NAME AND ADDRESS

 

NITORI PUBLIC CO LTD

 

REGD NAME:               KK Nitori Public

MAIN OFFICE:              1-2-39 Shinkotoni 7-Jo Kitaku Sapporo 001-0907 JAPAN

                                    Tel: 011-717-5020      Fax: 011-717-5023

URL:                             http://www.np-inc.jp

E-Mail address:            (thru the URL)

 

 

ACTIVITIES

 

Advertising agency

 

 

BRANCHES

 

Tokyo

 

 

OFFICERS

           

TOSHIYUKI SHIRAI, PRES        

Akio Nitori, ch

Yasunori Nitori, dir                    

                       

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES        FAIR                             A/SALES                      Yen 15,739 M

PAYMENTSNO COMPLAINTS    CAPITAL                       Yen 150 M

TREND STEADY                       WORTH                        Yen 1,185 M     

STARTED         1975                             EMPLOYES                  107

 

 

COMMENT

 

AD AGENCY, OWNED BY NITORI HOLDINGS CO LTD.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: ESTIMATED AT YEN 430.0 MILLION, ON 30 DAYS  NORMAL TERMS.

 

 

HIGHLIGHTS

           

The subject company was established by Nitori Holdings Co (See REGISTRATION) as advertising agent.  As ad agency it covers the areas: account planning, creativeness, media planning, internet marketing, event promotion, internet sales, overseas business development, other.  Clients cover banks, hotels, airlines, railways, other

 

 

FINANCIAL INFORMATION

           

The sales volume for Dec/2014 fiscal term amounted to Yen 15,739 million, an 11% up from Yen 14,133 million in the previous term.  The recurring profit was posted at Yen 578 million and the net profit at Yen 317 million, respectively, compared with Yen 522 million recurring profit and Yen 317 million net profit, respectively, a year ago.

 

For the current term ending Dec 2015 the recurring profit is projected at Yen 600 million and the net profit at Yen 330 million, respectively, on a 5% rise in turnover, to Yen 16,500 million. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 430.0 million, on 30 days normal terms.

 

 

REGISTRATION

    

Date Registered:           Nov 1975

Regd No.:                        4300-01-009624 (Sapporo-Kitaku)

Legal Status:       Limited Company (Kabushiki Kaisha)

Authorized:         1.2 million shares

Issued:                300,000 shares

Sum:                   Yen 150 million

Major shareholders (%): Nitori Holdings Co Ltd* (11)

 

*.. Operator of furniture & interior specialty store chain, Sapporo, founded 1972, listed Tokyo & Sapporo S/E’s, capital Yen 13,370 million, sales Yen 417,285 million, operating profit Yen 66,307 million, recurring profit Yen 67,929 million, net profit Yen 41,450 million, total assets Yen 404,793 million, net worth Yen 310,531 million, employees 8,373, pres Akio Nitori

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

           

Activities: Advertising agency covering areas: account planning, creativeness, media planning, internet marketing & sales, event promotion, overseas business development, others (--100%)

 

 

Clients: [Mfrs, wholesalers] Nitori Group (70%), JR Hokkaido, Home Kikaku Center, ANA, North Pacific Bank, Hokkaido Bank, other 

No. of accounts: 150

Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Hokkaido Newspaper, Hokkaido TV, TV Hokkaido, Doshin Service Center, other

 

Payment record: No Complaints

 

Location: Business area in Sapporo.  Office premises at the caption address are owned by the parent, Nitori Holdings Co, and maintained satisfactory.

 

Bank References:

            Hokkaido Bank (H/O)

            North Pacific Bank (HO)

            Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

       Terms Ending:

31/12/2015

31/12/2014

31/12/2013

31/12/2012

Annual Sales

　

16,500

15,739

14,133

14,829

Recur. Profit

　

600

578

522

669

Net Profit

　

330

317

317

392

Total Assets

　

　

3,447

3,282

4,559

Current Assets

　

　

3,320

3,152

4,436

Current Liabs

　

　

2,257

1,890

2,464

Net Worth

　

　

1,185

1,367

2,050

Capital, Paid-Up

　

　

150

150

150

Div.Ttl in Million (¥)

　

　

500

1,000

0.00

<Analytical Data>

　

(%)

(%)

(%)

(%)

    S.Growth Rate

　

4.84

11.36

-4.69

2.65

    Current Ratio

　

..

147.10

166.77

180.03

    N.Worth Ratio

　

..

34.38

41.65

44.97

    R.Profit/Sales

　

3.64

3.67

3.69

4.51

    N.Profit/Sales

　

2.00

2.01

2.24

2.64

    Return On Equity

　

..

26.75

23.19

19.12

 

Notes: Forecast (or estimated) figures for the 31/12/2015 fiscal term.

 

 

           

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.