MIRA INFORM REPORT
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Report Date : |
21.06.2011 |
IDENTIFICATION DETAILS
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Name : |
MARUISO CORPORATION |
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Registered Office : |
3-6-7 Kitashinagawa Shinagawaku Tokyo
140-8680 |
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Country : |
Japan |
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Financials (as on) : |
30.09.2010 |
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Date of Incorporation : |
May 1958 |
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Com. Reg. No.: |
(Tokyo-Shinagawa) 009292 |
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Legal Form : |
Limited Company |
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Line of Business : |
Construction Engineering Firm |
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 72.5 Million |
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Status : |
Moderate |
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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) |
|
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
MARUISO CORPORATION
REGD NAME
Maruiso Kensetsu
KK
MAIN OFFICE
3-6-7
Kitashinagawa Shinagawaku Tokyo 140-8680 JAPAN
Tel:
03-5462-8800 Fax: 03-5462-1628
E-Mail address: (thru the URL)
ACTIVITIES
Construction
engineering firm
BRANCHES
Sendai,
Osaka, Nagoya, Nishinomiya, Hiroshima, Fukuoka, Okinawa
OFFICERS
Kaoru Umemura,
ch HIDEYA HORIE, PRES
Motoya Nagashima, s/mgn dir Nobuharu Nakagawa, mgn dir
Isao Watanabe, dir Masae Isobe, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES /WEAK A/SALES Yen 23,170 M
PAYMENTS REGULAR CAPITAL Yen 98 M
TREND SLOW WORTH Yen
753 M
STARTED 958 EMPLOYES 304
COMMENT
CONSTRUCTION ENGINEERING COMPANY.
FINANCIAL SITUATION CONSIDERED
RATHER WEAK BUT SHOULD BE GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 72.5 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Yasushi Isobe originally in 1947,
on his account, as Isobe Unso KK. In
1958, reorganized and incorporated as Maruiso Corporation. This is a construction engineering firm offering:
earth works, road pavement, river embankment, bridges, hospital/office building
construction, golf courses, other.
Clients include government agencies, public firms, other, nationwide.
FINANCIAL INFORMATION
The sales volume for Sept/2010 fiscal term amounted to Yen 23,170
million, a 5% down from Yen 25,780 million in the previous term, as affected by
the global economic downturn. Public
works declined. Construction of
office/hospital/private homes also decreased.
Consumer spending was sluggish.
The recurring profit was posted at Yen 101 million, while the net loss
at Yen 227 million, compared with Yen 265 million recurring profit and a
minimum amount post taxes, respectively, a year ago.
For the current term ending Sept 2011 the recurring profit is projected
at Yen 90 million and a minimum amount post-taxes, on a 5% fall in turnover, to
Yen 22,000 million. Public works are
slow to recover. Building/house construction
also decreasing.
The financial situation is considered RATHER WEAK but should be good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 72.5 million, on 30 days normal terms.
REGISTRATION
Date Registered: May 1958
Regd No.: (Tokyo-Shinagawa) 009292
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
18,400 shares
Issued: 4,600 shares
Sum: Yen 98 million
Major shareholders (%): Masae Isobe & families
(--100)
No. of shareholders: 4
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Construction
engineering company offering such works as: civil engineering works, earth
works, dam construction, road pavement, river works, shore/bank embankment
works, construction of office/hospital buildings, private housing, golf
courses, bridges, other (--100%)
(Record of
projects completed): Dam (10), golf courses (8), roads (11), earth works
for building/house building (11), bridges (7), rivers (9), other civil
engineering works
Clients: Public agencies,
construction firms, other
No. of accounts: 700
Domestic areas of
activities: Nationwide
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
Mizuho
Bank (Omori)
Bank of
Yokohama (Shinagawa)
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
30/09/2011 |
30/09/2010 |
30/09/2009 |
31/12/2006 |
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Annual
Sales |
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22,000 |
23,170 |
25,780 |
26,032 |
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Recur.
Profit |
|
90 |
101 |
265 |
418 |
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Net
Profit |
|
0 |
-227 |
0 |
18 |
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Total
Assets |
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17,510 |
18,489 |
19,466 |
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Current
Assets |
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12,119 |
11,944 |
12,612 |
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Current
Liabs |
|
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13,367 |
12,954 |
15,957 |
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Net
Worth |
|
|
753 |
981 |
981 |
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Capital,
Paid-Up |
|
|
98 |
300 |
300 |
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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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S.Growth Rate |
-5.05 |
-5.05 |
-5.05 |
4.24 |
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Current Ratio |
|
.. |
90.66 |
92.20 |
79.04 |
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N.Worth Ratio |
.. |
4.30 |
5.31 |
5.04 |
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R.Profit/Sales |
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0.41 |
0.44 |
1.03 |
1.61 |
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N.Profit/Sales |
0.00 |
-0.98 |
0.00 |
0.07 |
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Return On Equity |
.. |
-30.15 |
0.00 |
1.83 |
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Notes:
Forecast (or estimated) figures for the 30/09/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.99 |
|
UK Pound |
1 |
Rs.72.60 |
|
Euro |
1 |
Rs.64.01 |
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 |
|
<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.