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Report No. : |
347801 |
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Report Date : |
30.10.2015 |
IDENTIFICATION DETAILS
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Name : |
BANPRESTO CO LTD |
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Registered Office : |
Shinagawa Seaside West Tower 2F, 4-12-2 Higashi-Shinagawa Shinagawaku Tokyo 140-0002 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2015 |
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Date of Incorporation : |
April 2008 |
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Com. Reg. No.: |
0107-01-020522 |
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Legal Form : |
Limited Company |
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Line of Business : |
Trading firm for development of amusement game products
(including prizes), toys, game supplies, other |
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No. of Employees : |
196 |
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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Status : |
Satisfactory |
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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 – March 31, 2015
|
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 |
BANPRESTO CO LTD
REGD NAME: KK Banpresto
MAIN OFFICE: Shinagawa Seaside West Tower 2F, 4-12-2
Higashi-Shinagawa Shinagawaku Tokyo 140-0002 JAPAN
Tel: 03-6744-3500 Fax: 03-5780-0301
URL: http://www.banpresto.co.jp
E-Mail
address: (thru the URL)
ACTIVITIES: Development of amusement goods, toys, game
supplies
BRANCHES: Nil
OVERSEAS: Hong Kong
FACTORIES: (subcontracted)
OFFICERS:MASAYUKI
YOSHIKAWA, PRES
Seiji
Kagawa, mgn dir Mitsuo Oriuchi,
mgn dir
Koji Urushibata, dir Yukio Kayama, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY:FINANCES FAIR A/SALES Yen 29,759 M
PAYMENTS NO COMPLAINTS CAPITAL Yen 100 M
TREND STEADY WORTH Yen 13,123 M
STARTED 2008 EMPLOYES 196
DEVELOPER OF AMUSEMENT GOODS,
TOYS, GAME SUPPLIES
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR
ORDINARY BUSINESS ENGAGEMENTS.
The subject company is a trading firm specializing in
development of amusement goods, toys, game supplies, other. Mfg is consigned to other mfrs. Operates Hong Kong Office. Clients include game centers, other
The sales volume for Mar/2015 fiscal term amounted to Yen
29,759 million, a 7% up from
Yen 27,717 million in the previous term. The recurring profit was posted at Yen 2,689
million and the net profit at Yen 1,467 million, respectively, compared with
Yen 3,056 million recurring profit and Yen 1,913 million net profit,
respectively, a year ago.
For the current term ending Mar 2016 the recurring profit is
projected at Yen 2,850 million and the net profit at Yen 1,550 million,
respectively, on a 5% rise in turnover, to Yen 31,250 million. Business is seen expanding steadily.
The financial situation is considered FAIR and good for
ORDINARY business engagements.
Date Registered: Apr 2008
Regd No.: 0107-01-020522
(Tokyo-Shinagawaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 8,000 shares
Issued:
2,000 shares
Sum: Yen
100 million
Major shareholders (%): Bandai Namco Holdings* (100)
*.. Holding company, Tokyo,
founded 2005, listed Tokyo S/E, capital Yen 10,000 million, turnover Yen 565,486 million, net
profit Yen 37,588 million, total assets Yen 432,201 million, net worth Yen
307,436 million, employees 7,221, pres Mitsuaki Taguchi
Nothing detrimental is known as
to the commercial morality of executives.
Activities: Trading firm for development of amusement
game products (including prizes), toys, game supplies, other (100%)
Clients: [Mfrs, wholesalers] Banprest Sales,
Happinet Co, Namco, Sega Games, Taito Corp, other
No. of
accounts: 500
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Banpresto Hong
Kong Ltd, Tops Corp, Toei Animation, Grapac Japan, other
Payment record: No Complaints
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactory.
Bank References:
SMBC (Asakusa)
MUFG (Asakusa)
Relations: Satisfactory
(In Million Yen)
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Terms Ending: |
31/03/2016 |
31/03/2015 |
31/03/2014 |
31/03/2013 |
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Annual Sales |
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31,250 |
29,759 |
27,717 |
28,519 |
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Recur. Profit |
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2,850 |
2,689 |
3,056 |
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Net Profit |
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1,550 |
1,467 |
1,913 |
2,284 |
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Total Assets |
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19,313 |
18,201 |
18,147 |
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Current Assets |
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17,564 |
16,566 |
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Current Liabs |
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5,938 |
5,247 |
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Net Worth |
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13,123 |
12,810 |
12,443 |
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Capital, Paid-Up |
|
|
100 |
100 |
100 |
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Div.Ttl in Million(¥) |
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1,155 |
1,546 |
1,545 |
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<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
|
5.01 |
7.37 |
-2.81 |
1,254.82 |
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Current Ratio |
|
.. |
295.79 |
315.72 |
.. |
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N.Worth Ratio |
|
.. |
67.95 |
70.38 |
68.57 |
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R.Profit/Sales |
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9.12 |
9.04 |
11.03 |
.. |
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N.Profit/Sales |
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4.96 |
4.93 |
6.90 |
8.01 |
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Return On Equity |
|
.. |
11.18 |
14.93 |
18.36 |
Notes:
Forecast (or estimated) figures for the 31/03/2016 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.65.15 |
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UK Pound |
1 |
Rs.99.36 |
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Euro |
1 |
Rs.71.25 |
INFORMATION DETAILS
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Analysis Done by
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KIN |
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Report Prepared
by : |
TRU |
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.