MIRA INFORM REPORT
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Report Date : |
07.10.2011 |
IDENTIFICATION DETAILS
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Name : |
KANAI JUYO KOGYO CO LTD |
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Registered Office : |
1-2-9 Dojima Kitaku Osaka 530-0003 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
May 1943 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of textile
machinery parts, non-woven fabrics |
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 149.0 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
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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
KANAI JUYO KOGYO CO LTD
REGD NAME
Kanai Juyo Kogyo
KK
MAIN OFFICE
1-2-9 Dojima
Kitaku Osaka 530-0003 JAPAN
Tel:
06-6346-1471 Fax: 03-6346-0621
URL: http://www.kanaijuyo.co.jp
E-Mail address: s-sales@kanaijuyo.co.jp
ACTIVITIES
Mfg of
textile machinery parts, non-woven fabrics
BRANCHES
Tokyo,
Nagoya
FACTORIES
Hyogo
(2)
OFFICERS
HIROMI
KANAI, PRES Hiroaki
Kanai, v pres
Satoru
Taoka, dir Yasuhiro
Mimura, dir
Takahisa
Adachi, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 5,624 M
PAYMENTS REGULAR CAPITAL Yen 467 M
TREND STEADY WORTH Yen
5,832 M
STARTED 1943 EMPLOYES 195
COMMENT
MFR SPECIALIZING IN TEXTILE MACHINERY PARTS & NON-WOVEN FABRICS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 149.0 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
This is a top maker of textile machine parts (See OPERATION). Also manufactures non-woven fabrics used in air-conditioning & automobile industries. Operates a hotel in Arima Hot Spa. Products are also exported.
FINANCIAL INFORMATION
The sales volume for Mar/2011 fiscal term amounted to Yen 5,624 million, an 11% up from Yen 5,072 million in the previous term. Demand rose particularly for non-woven fabrics. Exports of textile machine parts were robust into China & other S/E Asian countries. The recurring profit was posted at Yen 480 million and the net profit at Yen 414 million, respectively, compared with Yen 375 million recurring profit and Yen 354 million net profit, respectively, a year ago.
For the current term ending Mar 2012 the recurring profit is projected at Yen 480 million and the net profit at Yen 415 million, respectively, on a almost similar turnover, at Yen 5,700 million. Business is steady.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 149.0 million, on 30 days normal terms.
REGISTRATION
Date Registered: May 1943
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
37 million shares
Issued:
9.34 million shares
Sum: Yen 467 million
Major shareholders (%): Hiromi Kanai (39), Hiroaki
Kanai (35)
No. of shareholders: 71
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures textile machine parts (37%), non-woven fabrics (53%), hotel owning & management, others (10%). (Export 30%)
(Mfg items):
Textile Machinery Parts: Spinning (cotton, synthetic fibers), worsted spinning, synthetic fiber spinning, other auxiliary parts, woolen, waste woolen, twisted yarns, blended yarns, glass fibers, tire cords, stretched yarns, cotton treatment, metallic card clothing for non-woven fabrics, raising and surface processing, other;
Non-Woven Fabrics: filters, automobiles, clothing consumer products, abrasives, functional materials, other.
Clients: [Auto makers, other mfrs] Toyota Motors, Nitta Haas Inc, Shinwa Corp, MonotaRO Co Ltd, Gunze Ltd, other
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [mfrs, wholesalers] NI Teijin Shoji, Unitika Corp, Teijin Fiber, Sojitz Corp, Tokusen Co Ltd
Payment record: Regular
Location: Business area in Osaka. Office premises at the caption address are owned and maintained satisfactorily.
Bank References:
· MUFG (Osaka)
· Hyakujushi Bank (Osaka)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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5,700 |
5,624 |
5,072 |
5,846 |
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Recur.
Profit |
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480 |
480 |
375 |
-117 |
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Net
Profit |
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415 |
414 |
354 |
-456 |
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Total
Assets |
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13,010 |
13,083 |
13,040 |
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Current
Assets |
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3,424 |
3,449 |
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Current
Liabs |
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2,604 |
2,351 |
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Net
Worth |
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5,832 |
5,459 |
5,104 |
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Capital,
Paid-Up |
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467 |
467 |
467 |
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Div.P.Share(¥) |
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7.50 |
5.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
1.35 |
10.88 |
-13.24 |
-21.78 |
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Current Ratio |
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.. |
131.49 |
146.70 |
.. |
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N.Worth Ratio |
.. |
44.83 |
41.73 |
39.14 |
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R.Profit/Sales |
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8.42 |
8.53 |
7.39 |
-2.00 |
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N.Profit/Sales |
7.28 |
7.36 |
6.98 |
-7.80 |
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Return On Equity |
.. |
7.10 |
6.48 |
-8.93 |
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Notes:
Forecast (or estimated) figures for the 31/03/20122 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.49.19 |
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UK Pound |
1 |
Rs.75.92 |
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Euro |
1 |
Rs.65.44 |
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.