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Report No. : |
346688 |
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Report Date : |
21.10.2015 |
IDENTIFICATION DETAILS
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Name : |
JAMMY INC |
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Registered Office : |
Ebisu Prime Square 1F, 1-1-7 Hiroo Shibuyaku |
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Country : |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
May, 2003 |
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Com. Reg. No.: |
0110-01-048626 (Tokyo-Shibuyaku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Wholesale and Retail of Character Goods, Toys Other. |
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No. of Employees : |
7 |
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 : |
Yen 6.9 Million |
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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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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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 an 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. Scarce in many natural
resources, Japan has long been dependent on imported raw materials. Since the
complete shutdown of Japan’s nuclear reactors after the earthquake and tsunami
disaster in 2011, Japan's industrial sector has become even more dependent than
it was previously on imported fossil 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 impressive - 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 aftereffects 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 four times
since 2008. 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 of that year disrupted
manufacturing. The economy has largely recovered in the four years since the
disaster, although reconstruction in the affected Tohoku region has lagged, in part
due to a shortage of labor in the construction sector. Japan enjoyed a sharp uptick in growth in 2013 on the basis of Prime Minister Shinzo Abe’s “Three Arrows” economic revitalization agenda
- dubbed “Abenomics” - of monetary easing, “flexible”
fiscal policy, and structural reform. Abe’s government has replaced the
preceding administration’s plan to phase out nuclear power with a new policy of
seeking to restart nuclear power plants that meet strict new safety standards,
and emphasizing nuclear energy’s importance as a base-load electricity source.
Japan joined the Trans-Pacific Partnership (TPP) 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 2014 stood as
the fourth-largest economy in the world after first-place China, which
surpassed Japan in 2001, and third-place India, which edged out Japan in 2012. While
seeking to stimulate and reform the economy, the government must also devise a
strategy for reining in Japan's huge government debt, which amounts to more
than 230% of GDP. To help raise government revenue, Japan adopted legislation
in 2012 to gradually raise the consumption tax rate to 10% by 2015, beginning
with a hike from 5% to 8% implemented in April 2014. That increase had a contractionary effect on GDP, however, so PM Abe in late
2014 decided to postpone the final phase of the increase until April 2017 to
give the economy more time to recover. Led by the Bank of Japan’s aggressive
monetary easing, Japan is making progress in ending deflation, but demographics
- low birthrate and an aging, shrinking population - pose major long-term
challenges for the economy.
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Source
: CIA |
JAMMY
INC
REGD
NAME: KK Jammy
MAIN
OFFICE: Ebisu
Prime Square 1F, 1-1-7 Hiroo Shibuyaku
Tokyo 150-0012 JAPAN
Tel: 03-6418-6336 Fax: 03-6418-6337
E-Mail address: (thru the URL)
Wholesale, retail of character
goods, toys other
Rody Store, Rasmus
Klump Store (--Tokyo)
YOSHITAKA SUZUMI, PRES
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 380 M
PAYMENTS SLOW BUT CORRECT CAPITAL Yen
10 M
TREND SLOW
WORTH Yen 33 M
STARTED 2003 EMPLOYES 7
TRADING FIRM SPECIALIZING IN CHARACTER GOODS, TOYS, OTHER.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: ESTIMATED AT
YEN 6.9 MILLION, ON 30 DAYS NORMAL TERMS.
The subject company is a trading
firm for wholesale and retail of character goods, toys, other. Operates two
retail shops: Rody Shop (horse character) and Rasmus Klump Store. Goods are
supplied from the parent, R&J Holdings KK, Osaka (See REGISTRATION). It also handles Disney character goods, other. Clients include toy stores, toy mfrs, other.
Financials are disclosed only
partially.
The sales volume for Dec/2014
fiscal term amounted to Yen 380 million, a 25% drop from Yen 510 million in the
previous term. The net profit was posted
at Yen 1 million, compared with Yen 5 million a year ago.
For the current term ending Dec
2015 the net profit is projected at Yen 3 million, on a 5% rise in turnover, to
Yen 400 million.
The financial situation is
considered FAIR and good for ORDINARY business engagements. Max credit limit is
estimated at Yen 6.9 million, on 30 days normal terms.
Date Registered: May 2003
Regd No.: 0110-01-048626
(Tokyo-Shibuyaku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 4,000
shares
Issued: 200
shares
Sum: Yen
10 million
Major shareholders
(%): R&J Holdings KK* (100)
*..
Holding company, Osaka, founded 1998, capital Yen 25 million, sales Yen 50 million,
net profit Yen 8 million, employees 4, pres Yoshitaka Suzumi,
concurrently
Nothing detrimental is known as to the commercial morality
of executives.
Activities: Wholesales and retails
character goods, toys, other, operating 2 retail shops: Rody
Store & Rasmus Klump
Store, both in Tokyo (--100%)
Clients: [Mfrs, wholesalers] American
Character BY Nemoto Shokai, Super Powers, United
Arrows, Kiddy Land, other
No. of accounts: 250
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs, wholesalers] Gymnic Inc, Bandai Corp, Takara Tommy, Toy Royal, other
Payment record: Slow but correct
Location: Business area in Tokyo. Office
premises at the caption address are leased and maintained satisfactory.
Bank References:
MUFG
(Semba-Chuo)
SMBC
(Semba)
Relations:
Satisfactory
(In Million Yen)
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Terms
Ending: |
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31/12/2015 |
31/12/2014 |
31/12/2013 |
31/12/2012 |
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Annual Sales |
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400 |
380 |
510 |
510 |
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Recur. Profit |
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.. |
.. |
.. |
.. |
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Net Profit |
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3 |
1 |
5 |
5 |
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Total Assets |
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N/A |
N/A |
N/A |
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Net Worth |
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33 |
32 |
27 |
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Capital, Paid-Up |
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10 |
10 |
10 |
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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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5.26 |
-25.49
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0.00 |
2.82 |
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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 |
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0.75 |
0.26 |
0.98 |
0.98 |
Notes: Financials are only partially disclosed.
Forecast (or estimated) figures
for the 31/12/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.64.89 |
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1 |
Rs.100.39 |
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Euro |
1 |
Rs.73.52 |
INFORMATION DETAILS
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Analysis Done by
: |
KIN |
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Report Prepared
by : |
NIT |
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 |
-- |
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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.