MIRA INFORM REPORT
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Report Date : |
27.07.2011 |
IDENTIFICATION DETAILS
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Name : |
CAINZ CO LTD |
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Registered Office : |
380 Takazekimachi Takasaki Gunma-Pref
370-0043 |
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Country : |
Japan |
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Financials (as on) : |
28.02.2011 |
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Year of Establishment : |
1989 |
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Com. Reg. No.: |
(Gunma-Takasaki) 006474 |
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Legal Form : |
Limited Company |
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Line of Business : |
Home Center (Do-It-Yourself shop) operator |
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 10,994.9 Million |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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Litigation : |
----- |
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 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 |
Company name
CAINZ CO LTD
REGD NAME
KK Cainz
MAIN OFFICE
380 Takazekimachi Takasaki
Gunma-Pref 370-0043 JAPAN
Tel:
027-320-1100 Fax: 027-320-1777
E-Mail address: (thru the URL)
ACTIVITIES
Home
Center (Do-It-Yourself shop) operator
BRANCHES
Tokyo,
Nagoya
OVERSEAS
China
(3)
SHOPS
179
stores nationwide from Hokkaido to Okinawa
OFFICERS
HIROMASA
TSUCHIYA, PRES Yoshio
Tsuchiya, ch
Satoru
Sakurai, mgn dir Takao
Takagi, mgn dir
Hirotoshi
Hoshino, mgn dir
Yen
Amount: In million Yen, unless otherwise
stated
SUMMARY
FINANCES FAIR A/SALES Yen 321,069 M
PAYMENTS REGULAR CAPITAL Yen 3,260 M
TREND SLOW WORTH Yen 88,907 M
STARTED 1989 EMPLOYES 2,300
COMMENT
HOME CENTER OPERATOR.
FINANCIAL SITUATION CONSIDERED FAIRTO GOOD AND GOOD FOR
ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 10,994.9 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established originally in 1963 by Yoshio
Tsuchiya, now ch, for selling do-it-yourself goods, on his account. Incorporated in 1989 the firm has been
succeeded by his descendants. This is a
home center operator, operating 179 stores nationwide from Hokkaido down to
Okinawa. Handling items are varied:
daily foods, gardening, outdoors, cars, motorcycles, bicycles, drugs, work
wears, home interior/exterior goods, wine, liquor, agricultural materials,
building materials, other. Started
import from China in 1994, and now operates 3 subsidiaries in China. Goods are imported.
FINANCIAL INFORMATION
The sales volume for Feb/2010 fiscal term amounted to Yen 321,069 million, a 1% down from Yen 324,130 million in the previous term, as affected by the global economic downturn. Consumer spending was sluggish The recurring profit was posted at Yen 20,299 million and the net profit at Yen 10,016 million, compared with Yen 18,494 million recurring profit and Yen 9,334 million net profit, respectively, a year ago.
For the term that ended Feb 2011 the recurring profit was projected at
Yen 21,000 million and the net profit at Yen 10,500 million, respectively, on a
6% rise in turnover, to Yen 340,000 million.
During the term opened 4 stores (including the one in Okinawa) in Japan
and 3 in China. Final results are yet to
be released.
The financial situation is considered FAIR to GOOD and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 10,994.9 million, on 30 days normal terms.
REGISTRATION
Date Registered: 1989
Regd No.: (Gunma-Takasaki) 006474
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
26 million shares
Issued: 6.52 million shares
Sum: Yen 3,260,365,000.00
Major shareholders (%): Hiromasa Tsuchiya (23), Yoshio
Tsuchiya (15), other
No. of shareholders: 10
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Home Center
(Do-It-Yourself shop, supermarkets) operator, operating 179 stores in Japan and
3 in China (--100%).
(Handling Items): cars, motorcycles,
bicycles, their accessories, daily consumer goods, foods, confectionary,
gardening supplies, wines, liquor, sake, drugs, work wears, home
interior/exterior goods, agricultural goods, building materials (do-it-yourself
goods), home electronics, other.
Clients: Consumers,
wholesalers, other
No. of accounts:
Unavailable
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Proctor & Gamble Japan, Kao Customer Marketing, Yodobashi
Camera, Kikuya Co, Gemco Takasaki, JAPELL Co, Panasonic Consumer Marketing,
Taisho Pharmaceuticals, other.
Payment record: Regular
Location: Business area in
Takasaki. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
Gunma
Bank (Takasaki)
Mizuho
Bank (Maebashi)
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
28/02/2011 |
28/02/2010 |
28/02/2009 |
29/02/2008 |
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Annual
Sales |
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340,000 |
321,069 |
324,130 |
313,416 |
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Recur.
Profit |
|
21,000 |
20,299 |
18,494 |
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Net
Profit |
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10,500 |
10,016 |
9,334 |
9,785 |
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Total
Assets |
|
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166,652 |
165,558 |
162,163 |
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Current
Assets |
|
|
56,600 |
55,793 |
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Current
Liabs |
|
|
66,064 |
65,257 |
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Net
Worth |
|
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88,907 |
80,367 |
72,375 |
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Capital,
Paid-Up |
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|
3,260 |
3,260 |
3,260 |
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Div.P.Share(¥) |
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|
0.00 |
0.00 |
162.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
5.90 |
-0.94 |
3.42 |
4.66 |
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Current Ratio |
|
.. |
85.67 |
85.50 |
.. |
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N.Worth Ratio |
.. |
53.35 |
48.54 |
44.63 |
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R.Profit/Sales |
|
6.18 |
6.32 |
5.71 |
.. |
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N.Profit/Sales |
3.09 |
3.12 |
2.88 |
3.12 |
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|
Return On Equity |
.. |
11.27 |
11.61 |
13.52 |
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Notes:
Forecast (or estimated) figures for the 28/02/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.29 |
|
UK Pound |
1 |
Rs.72.37 |
|
Euro |
1 |
Rs.64.17 |
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.