MIRA INFORM REPORT
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Report Date : |
24.03.2011 |
IDENTIFICATION DETAILS
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Name : |
YAMASHIN INC
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Registered Office : |
2292 Sembacho Mito
Ibaraki-Pref 310-0851 |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
June
1982 |
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Legal Form : |
Limited Company |
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Line of Business : |
Chain store operator of DIY, furniture, pet shop, other |
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 1,991.7 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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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
YAMASHIN
INC
REGD NAME
KK Yamashin
MAIN OFFICE
2292 Sembacho
Tel:
029-305-1111 Fax: 029-305-0011
URL: http//:www.yamashin-grp.co.jp
E-mail: (thru the URL to each division)
ACTIVITIES
Chain
store operator of DIY, furniture, pet shop, other
BRANCHES
39
stores in
OFFICER(S)
Kenji
Yamaguchi, ch ICHIRO
YAMAGUCHI, PRES
Yoko Yamaguchi, mgn dir Kazuko Yamaguchi, dir
Masanori Kashimura, dir Hiroaki Ohsone, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 49,423 M
PAYMENTS REGULAR CAPITAL Yen 30 M
TREND STEADY WORTH Yen
28,204 M
STARTED 1982 EMPLOYES 1,001
COMMENT
DIY
GOODS CHAIN STORE OPERATOR
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT
ENGAGEMENTS: CD$293,775.00
MAX
CREDIT LIMIT: YEN 1,991.7 MILLION, 30 DAYS
HIGHLIGHTS
This is an
old-established company dating back to 1869 when a certain Yamaguchi started
selling furniture, on his account.
Incorporated in 1982, the firm has been succeeded by his
descendants. This is an operator of
chain stores: DIY goods, furniture, pet shops, car garage, other. Stores are located centrally in Ibaraki-Pref,
covering Fukushima & Tochigi prefectures.
Operates a total 39 chain stores: 12 furniture/interior shops & 23
DIY goods stores, other. Tops in this
specific field in Ibaraki-Pref.
FINANCIAL INFORMATION
Financials are only
partially disclosed as from the 31/03/2010 fiscal term.
The sales volume for
Mar/2010 fiscal term amounted to Yen 49,423 million, a 3% down from Yen 50,705
million in the previous term, as affected by the global economic downturn. Consumer spending was sluggish. Closed down 2 stores. The net profit was posted at Yen 1,457 million,
compared with Yen 1,556 million a year ago.
.
For the current term
ending Mar 2011 the net profit is projected at Yen 1,460 million, on a 1% rise
in turnover, to Yen 50,000 million. .
The financial
situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 1,991.7
million, on 30 days normal terms. The
proposed amount is considered well within the firm’s financial capacities.
REGISTRATION
Date Registered: Jun
1982
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 240,000 shares
Issued: 60,000 shares
Sum: Yen
30 million
Major shareholders (%):
Yamashin Kosan* (99.7), Ibaraki Furniture Assn (0.3)
* Holding company
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Chain store operator: 12 furniture/interior goods stores & 23
DIY/car accessories/pet/other stores, centrally in Ibaraki-Pref (30 stores),
and neighboring prefectures of
Clients: Consumers
No. of accounts: Unavailable
Domestic areas of activities:
Centered in Ibaraki-Pref and neighboring prefectures
Suppliers: [Mfrs, wholesalers] Kao Corp, Empire Motor, Iris Oyama, Casio
Computer, Paltac, Shiseido, Mitsubishi Stationery, Gemco Mito Co, other
Payment record: Regular
Location: Business area in
Bank References:
Joyo
Bank (H/O)
Mizuho
Bank (
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/03/2011 |
31/03/2010 |
31/03/2009 |
31/03/2008 |
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Annual
Sales |
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50,000 |
49,423 |
50,705 |
50,620 |
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Recur.
Profit |
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Net
Profit |
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1,460 |
1,457 |
1,556 |
1,500 |
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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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28,204 |
26,748 |
25,194 |
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Capital,
Paid-Up |
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30 |
30 |
30 |
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Div.P.Share(¥) |
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25.00 |
25.00 |
25.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
1.17 |
-2.53 |
0.17 |
2.68 |
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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 |
2.92 |
2.95 |
3.07 |
2.96 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/03/2011 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.44.97 |
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1 |
Rs.73.35 |
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Euro |
1 |
Rs.63.98 |
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 |
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.