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Report Date : |
29.02.2012 |
IDENTIFICATION DETAILS
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Name : |
MARUZEN CO LTD |
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Registered Office : |
4-13-14 Higashi-Shinagawa Shinagawaku Tokyo 140-0002 |
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Country : |
Japan |
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Financials (as on) : |
31.01.2011 |
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Date of Incorporation : |
March 1880 |
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Com. Reg. No.: |
0107-01-026217 (Tokyo-Chuoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesale, retail of books, magazines, educational books, other |
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No. of Employees : |
606 |
RATING & COMMENTS
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MIRAs Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Yen 785.8 Million |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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 September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
MARUZEN CO LTD
REGD NAME: Maruzen
KK
MAIN OFFICE: 4-13-14
Higashi-Shinagawa Shinagawaku Tokyo 140-0002 JAPAN
Tel:
03-6367-6014
Fax: 03-6367-6185
*.. Registered at:
2-3-10 Nihombashi Chuoku Tokyo
E-Mail address: (thru the URL)
Wholesale, retail
of books, magazines, educational books, other
22 Branches &
Shops nationwide
(publishing is done
by subsidiaries)
HIROYUKI HIJIKATA,
PRES Akira Ishii, ch
Mitsui Nitta, v ch Masaki Takenaka, mgn dir
Eisuke Matsuo, dir Tatsuo Komaki, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 61,525 M
PAYMENTS NO
COMPLAINTS CAPITAL Yen 5,821 M
TREND SLOW WORTH Yen
10,038 M
STARTED 1880 EMPLOYES 606
BOOK STORE OPERATOR.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN
785.8 MILLION, 30 DAYS NORMAL TERMS
The subject company was established
by Yuteki Hayashi, disciple of educator Yukichi Fukuzawa, in order to publish
educational books & magazines. In Feb
2011, separated the publishing business to a subsidiary company. The firm now manages book stores, operated by
a subsidiary, and supervises overall business operations. Clients include government agencies,
universities, schools, business firms, other nationwide.
The sales volume for Jan/2011 fiscal
term amounted to Yen 61,525 million, a 31% down from Yen 88,975 million in the
previous term. This is referred to the
said transfer of publishing operations to a subsidiary. The operations continued in the deficit to
post Yen 2,880 million recurring loss and Yen 1,613 million net losses,
respectively, compared with Yen 538 million recurring loss and Yen 723 million
net loss, respectively, a year ago.
For the term that ended Jan 2012 the
operations were projected to come back to profitability to post Yen 200 million
recurring profit and Yen 200 million net profit, respectively, on a 2% rise in
turnover, to Yen 62,500 million. Final
results are yet to be released.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Max credit limit is estimated at Yen 785.8 million, on 30 days normal
terms.
Date Registered: Mar
1880
Regd No.:
0107-01-026217 (Tokyo-Chuoku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 700 million shares
Issued: 176,060,000 shares
Sum: Yen 5,821 million
Major
shareholders (%): Maruzen CHI Holdings Co Ltd* (100)
*.. Holding
company, founded 2010, listed Tokyo S/Es, capital Yen 3,000 million, sales
Yen 115,270 million, operating loss Yen
1,255 million, recurring loss Yen 1,100 million, net loss Yen 1,273 million,
total assets Yen 122,173 million, net worth Yen 30,720 million, employees
1,465, pres Takehiko Ogi
Nothing detrimental is known as to the
commercial morality of executives.
Activities: Import of books,
journals, electronic content, online products, etc, and sales of imported and
Japanese products for university and educational markets and libraries in
Japan; international sales of Japanese books and journals; in-store sales of
books, journals, stationery and apparel; publishing; education-related business
consulting services; library operations outsourcing services; consulting on
installation of university facilities and libraries, other (--100%)
Clients: Consumers,
universities, government agencies, libraries, other
No. of accounts:
1,000
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesales]
TOHAN Co, Sumitomo 3M, Okamura Corp, Nippan Co, other
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
SMBC (Kyobashi)
Mizuho Bank
(Yaesuguchi)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/01/2012 |
31/01/2011 |
31/01/2010 |
31/01/2009 |
|
|
Annual
Sales |
|
62,500 |
61,525 |
88,975 |
95,854 |
|
Recur.
Profit |
|
200 |
-2,880 |
-538 |
311 |
|
Net
Profit |
|
200 |
-1,613 |
-723 |
-509 |
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Total
Assets |
|
|
51,898 |
67,660 |
66,476 |
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Current
Assets |
|
|
37,506 |
35,591 |
|
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Current
Liabs |
|
|
36,975 |
33,119 |
|
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Net
Worth |
|
|
10,038 |
11,936 |
13,033 |
|
Capital,
Paid-Up |
|
|
5,821 |
5,821 |
5,821 |
|
Div.P.Share(₯) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
1.58 |
-30.85 |
-7.18 |
-5.67 |
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|
Current Ratio |
|
.. |
101.44 |
107.46 |
.. |
|
N.Worth Ratio |
.. |
19.34 |
17.64 |
19.61 |
|
|
R.Profit/Sales |
|
0.32 |
-4.68 |
-0.60 |
0.32 |
|
N.Profit/Sales |
0.32 |
-2.62 |
-0.81 |
-0.53 |
|
|
Return On Equity |
.. |
-16.07 |
-6.06 |
-3.91 |
|
Notes: Forecast
(or estimated) figures for the 31/01/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.14 |
|
|
1 |
Rs.77.86 |
|
Euro |
1 |
Rs.66.06 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SCs 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.