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Report Date : |
03.08.2012 |
IDENTIFICATION DETAILS
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Name : |
KANAE CO LTD |
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Registered Office : |
Cristal Tower 23F, 1-2-27 Shiromi Chuoku Osaka 540-6038 |
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Country : |
Japan |
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Financials (as on) : |
31.10.2011 |
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Date of Incorporation : |
March
1956 |
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Com. Reg. No.: |
1200-01-000278
(Osaka-Chuoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of packaging materials, packaging machines |
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No. of Employees : |
403 |
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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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
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 |
KANAE CO LTD
KK Kanae
Cristal Tower 23F,
1-2-27 Shiromi Chuoku Osaka 540-6038 JAPAN
Tel:
06-6945-1133 Fax: 06-6945-1211
*.. The given address is its Kobe Factory
E-Mail address: (thru the URL)
Mfg of
packaging materials, packaging machines, other
Tokyo,
Nagoya, Toyama
Kobe,
Tochigi, Ehime
KUNIAKI
OKAMOTO, PRES Hiroaki Nishiguchi,
s/mgn dir
Masahito
Tanaka, s/mgn dir Moriya Sakae, mgn
dir
Kan’ichi
Tanisaka, dir Noriaki
Akao, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 25,004 M
PAYMENTS No
Complaints CAPITAL Yen 353 M
TREND UP WORTH Yen 13,967 M
STARTED 1956 EMPLOYES 403
MFR OF PACKAGING MATERIALS, PACKAGING MACHINES, OTHER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by father of Kuniaki Okamoto in order to make most of his experience in the subject line of business. This is a specialized mfr of packaging materials & machines for a wide range of industries and fields including pharmaceuticals, cosmetics & food products. Operates three factories. Originally started in Kobe and moved the Head Office to the caption address in Mar 2011. Clients include pharmaceutical makers, cosmetics makers, food makers, other, nationwide.
The sales volume for O0063t/2011 fiscal term amounted to Yen 25,004 million, a 2% up from Yen 24,435 million in the previous term. The recurring profit was posted at Yen 1,067 million and the net profit at Yen 553 million, respectively, compared with Yen 1,412 million recurring profit and Yen 441 million net profit, respectively, a year ago.
For the current term ending Oct 2012 the recurring profit is projected at Yen 1,100 million and the net profit at Yen 570 million, respectively, on a 3% rise in turnover, to Yen 25,800 million. Business is seen steadily expanding.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Mar 1956
Regd No.: 1200-01-000278 (Osaka-Chuoku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
1.9 million shares
Issued:
494,000 shares
Sum: Yen 353 million
Major shareholders (%): Osaka Small & Medium
Corporations Promotion & Investment Assn (21.6), Employees’ S/Holding Assn
(19.9), Meiwa Kosan (10.4), Atsushi Matsuda (5.3)
No. of shareholders: 55
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Packaging materials and machinery for a wide range of industries and fields including pharmaceuticals, cosmetics and food products (--100%)
Clients: [Mfrs, wholesalers] Yansen Pharma, House Foods, Ajinomoto General Foods, Takeda Chemical Ind, Ono Chemical Ind, Dainippon Sumitomo Pharmaceuticals, other
No. of accounts: 800
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Sumitomo Bakelite, Futamura Chemical Ind, Toyo Aluminium Ind, Mitsubishi Resin Ind, other
Payment record: No Complaints
Location: Business area in Osaka. Office premises at the caption address are Leased and maintained satisfactorily.
Bank References:
SMBC (Semba)
Ogaki Kyoritsu Bank (Osaka)
Relations: Satisfactory
(In Million Yen)
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Terms Ending: |
31/10/2012 |
31/10/2011 |
31/10/2010 |
31/10/2009 |
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Annual
Sales |
|
25,800 |
25,004 |
24,435 |
23,074 |
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Recur.
Profit |
|
1,100 |
1,067 |
1,412 |
910 |
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Net
Profit |
|
570 |
553 |
423 |
533 |
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Total
Assets |
|
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25,024 |
25,001 |
24,554 |
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Current
Assets |
|
|
12,721 |
12,631 |
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Current
Liabs |
|
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8,322 |
8,307 |
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Net
Worth |
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13,967 |
13,473 |
13,094 |
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Capital,
Paid-Up |
|
|
353 |
353 |
353 |
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Div.P.Share(¥) |
|
|
90.00 |
120.00 |
90.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.18 |
2.33 |
5.90 |
4.48 |
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Current Ratio |
|
.. |
152.86 |
152.05 |
.. |
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N.Worth Ratio |
.. |
55.81 |
53.89 |
53.33 |
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R.Profit/Sales |
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4.26 |
4.27 |
5.78 |
3.94 |
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N.Profit/Sales |
2.21 |
2.21 |
1.73 |
2.31 |
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Return On Equity |
.. |
3.96 |
3.14 |
4.07 |
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Notes:
Forecast (or estimated) figures for the 31/10/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.78 |
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UK Pound |
1 |
Rs.86.75 |
|
Euro |
1 |
Rs.68.32 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
---- |
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.