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Report No. : |
346900 |
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Report Date : |
24.10.2015 |
IDENTIFICATION DETAILS
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Name : |
RUN’A CO LTD |
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Registered Office : |
Makoh Bldg 5F, 3-2-22 Minamisemba Chuoku Osaka 542-0081 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2015 |
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Date of Incorporation : |
January 1987 |
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Com. Reg. No.: |
1200-01-092018 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of cartoon character goods, toys, clothing accessories |
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No. of Employees : |
55 |
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 |
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Maximum Credit Limit : |
Yen 36.0 Million |
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Status : |
Satisfactory |
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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 |
RUN’A
CO LTD
KK Runa
Makoh Bldg 5F, 3-2-22 Minamisemba Chuoku
Osaka 542-0081 JAPAN
Tel: 06-6258-9301 Fax: 06-6258-9331
E-Mail address: support@runat.co.jp
Import, wholesale of cartoon
character goods, toys, clothing accessories
Tokyo, Osaka (distribution
center)
Shanghai; Hong Kong (2)
(--subsidiaries)
YOSHITAKA SUZUMI, PRES Keiji Muta, mgn dir
Sadahito Kojima, mgn dir Hiroshi Kariya, dir
Taiju Shimokawa, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 1,964 M
PAYMENTS SLOW BUT CORRECT CAPITAL Yen
97 M
TREND SLOW WORTH Yen 594 M
STARTED 1987 EMPLOYES 55
IMPORTER
AND WHOLESALER SPECIALIZING CARTOON CHARACTER GOODS.
FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 36.0
MILLION, 30 DAYS NORMAL TERMS
The
subject company was established by Yoshitaka Suzumi in order to make most of
his experience in foreign trading. This
is a trading firm, with mfg division, for import and wholesale of cartoon
character merchandises, toys, fancy gifts & goods. Goods are subcontracted mfg to domestic and
overseas mfrs (China & Hong Kong centrally), on licensee agreement from
license holders. Goods are imported
mainly from its subsidiary, Run’a International Ltd, Hong Kong, established in
May 2006 to engage in mfg of character goods for exports to USA, other. This is a Group of R&J Holdings KK, Osaka
(See REGISTRATION), under which
Jammy Inc and Run’a Entertainment Inc are group subsidiaries. Domestic clients are amusement parks, game
software producers, mail-order houses, department stores, toy shops,
nationwide.
Financials
are only partially disclosed. Profits
are not disclosed and only estimated.
The
sales volume for Mar/2015 fiscal term amounted to Yen 1,964 million, a 6% down from
Yen 2,084 million in the previous term.
This is referred to the sluggish consumer spending. The net profit is estimated posted at Yen 10
million, compared with Yen 11 million a year ago.
For
the current term ending Mar 2016 the net profit is projected at Yen 11 million,
on a 4% rise in turnover, to Yen 2,050 million.
The
financial situation is considered maintained FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 36.0 million, on 30 days normal terms.
Date Registered:
Jan 1987
Regd No.: 1200-01-092018
(Osaka-Chuoku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 7,776
shares
Issued: 1,944
shares
Sum: Yen
97.2 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:
Imports and wholesales cartoon character merchandises, popular character goods, fancy gift items, toys, others
(--100).
Goods are sold online, too, directly and through mail-order
houses.
Mfg is
subcontracted to domestic and China/Hong Kong affiliates, on licensee
agreement, and imported.
Hong Kong subsidiary maker also exports to USA, other.
Clients:
[Amusement parks, department stores, mail-order houses, online] Oriental Land, Sega Games, Senshukai (mail-order
house), Mitsubishi Corp, Dentsu Inc (AD agency),
Shogakukan Production, Walt Disney Japan, Shogakukan-Shueisha Production, SUN-S Co, other.
No. of accounts: 300
Domestic areas of activities:
Nationwide
Suppliers:
[Mfrs, wholesalers] Run’a International Hong Kong (80%), Walt Disney Japan, San
Rio Corp, other. Goods are sold online,
too, directly and through mail-order houses.
Payment record: Slow But Correct
Location:
Business area in Osaka. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Semba-Chuo)
Mizuho
Bank (Semba)
Relations:
Satisfactory
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Terms Ending: |
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31/03/2016 |
31/03/2015 |
31/03/2014 |
31/03/2013 |
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Annual Sales |
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2,050 |
1,964 |
2,084 |
2,163 |
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Recur. Profit |
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.. |
.. |
.. |
.. |
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Net Profit |
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11 |
10 |
11 |
12 |
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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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594 |
584 |
573 |
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Capital, Paid-Up |
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97 |
97 |
97 |
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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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4.38 |
-5.76 |
-3.65 |
7.77 |
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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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0.54 |
0.51 |
0.53 |
0.55 |
Notes: Financials are only
partially disclosed. Profits are not
disclosed and only estimated.
Forecast (or estimated) figures
for 31/03/2016 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.64.88 |
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1 |
Rs.99.88 |
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Euro |
1 |
Rs.72.06 |
INFORMATION DETAILS
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Analysis Done by
: |
KIN |
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Report Prepared
by : |
DPT |
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.