MIRA INFORM REPORT
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Report Date : |
22.09.2011 |
IDENTIFICATION DETAILS
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Name : |
KIMURA KNIFE & SAW MFG CO LTD |
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Registered Office : |
15-13 Shioiricho Mizuhoku Nagoya 467-0851 |
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Country : |
Japan |
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Financials (as on) : |
28.02.2011 |
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Date of Incorporation : |
March 1941 |
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Com. Reg. No.: |
(Nagoya-Mizuhoku) 010035 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of wood cutting
knife, paper cutting knife |
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 7.0 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
KIMURA KNIFE &
SAW MFG CO LTD
REGD NAME
Kimura Hamono Seizo
KK (Hamono means cutlery)
MAIN OFFICE
15-13 Shioiricho
Mizuhoku Nagoya 467-0851 JAPAN
Tel:
052-811-3165 Fax: 052-811-2170
*.. The given address is its International Department at: 1-8-11 Minamicho
Koshigaya Saitama-Pref; Phone: 048-989-5591; Fax: 048-989-5596
URL: http://www.kimura-knife.co.jp/
E-Mail address: international@kimura-knife.co.jp
ACTIVITIES
Mfr of
wood cutting knife, paper cutting knife
BRANCHES
Koshigaya (as given), Osaka, Sendai; Dalian (China)
FACTORIES
At the
caption address; Xinghai Machine Knife & Saw Co Ltd (China)
OFFICER(S)
FUMIAKI
ITOH, PRES Sadahiro
Hayashida, dir
Manabu
Matsuura, dir Tohru Hiroi,
dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 2,500 M
PAYMENTS REGULAR CAPITAL Yen
114 M
TREND SLOW WORTH Yen
120 M
STARTED 1941 EMPLOYES 56
COMMENT
MFR SPECILIZING IN WOOD CUTTING KNIFE
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE
GOOD FOR MODERATE BUSIENSS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 7.0
MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established originally in 1911 for mfg cutting knife and has been succeeded by the present executives. This is a specialized mfr of wood cutting knives, paper cutting knives, lawn cutting knives, other. Has mfg plant in China. Goods are imported.
FINANCIAL INFORMATION
The sales volume for Feb/2011 fiscal term amounted to Yen 2,500 million, a 17% up from Yen 2,137 million in the previous term. Production in China increased to meet rising demand in China, S/E Asia and Japan. The recurring profit was posted at Yen 57 million and the net profit at Yen 2 million, respectively, compared with Yen 16 million recurring profit and Yen 1 million net profit, respectively, a year ago.
For the current term ending Feb 2012 the recurring profit is projected at Yen 60 million and the net profit at Yen 2 million, respectively, on a 4% rise in turnover, to Yen 2,600 million. Business is seen steadily expanding.
The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 7.0 million, on 30 days normal terms.
REGISTRATION
Date Registered: Mar 1941
Regd No.: (Nagoya-Mizuhoku) 010035
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
917,600 shares
Issued:
229,400 shares
Sum: Yen 114.7 million
Major shareholders (%): Mitsuko Kimura (10), Fumiaki
Ito (5), mask Kimura (3), Yumi Kimura (3), other
No. of shareholders: 55
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures wood working knife, paper cutting knife, lawn cutting knife, other (--100%).
(Mfg Items): Veneer rotary lathe knife, clipper knife, pressure bar (nose bar), knife pad, spur knife, other.
Clients: [Mfrs, wholesalers] Alliance Knife, Takasaki Precision & Machinery Mfg, Methocel, Kyoeisha, FAM, Kimura China, Cane Field, other.
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Hard Metal, Matsuoka Cutlery, other
Imports from China, other
Payment record: Regular
Location: Business area in Nagoya. Office premises at the caption address are owned and maintained satisfactorily.
Bank References:
· Juroku Bank (Rokubancho)
·
SMBC (Nagoya)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
28/02/2012 |
28/02/2011 |
28/02/2010 |
28/02/2009 |
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Annual
Sales |
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2,600 |
2,500 |
2,137 |
2,923 |
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Recur.
Profit |
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60 |
57 |
16 |
49 |
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Net
Profit |
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2 |
2 |
1 |
2 |
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Total
Assets |
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2,605 |
2,290 |
2,242 |
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Current
Assets |
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1,484 |
1,423 |
1,334 |
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Current
Liabs |
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1,374 |
1,275 |
1,381 |
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Net
Worth |
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120 |
117 |
116 |
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Capital,
Paid-Up |
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114 |
114 |
114 |
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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 |
4.00 |
16.99 |
-26.89 |
-3.75 |
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Current Ratio |
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.. |
108.01 |
111.61 |
96.60 |
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N.Worth Ratio |
.. |
4.61 |
5.11 |
5.17 |
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R.Profit/Sales |
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2.31 |
2.28 |
0.75 |
1.68 |
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N.Profit/Sales |
0.08 |
0.08 |
0.05 |
0.07 |
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Return On Equity |
.. |
1.67 |
0.85 |
1.72 |
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Notes:
Forecast (or estimated) figures for the 28/02/2012 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.47.89 |
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UK Pound |
1 |
Rs.75.31 |
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Euro |
1 |
Rs.65.64 |
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.