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Report Date : |
18.07.2012 |
IDENTIFICATION DETAILS
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Name : |
KUKEN KOGYO CO LTD |
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Registered Office : |
Kuken bldg, OhoriKoen 2-39 Chuoku |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
June 1956 |
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Com. Reg. No.: |
2900-01-007221 (Fukuoka-Chuoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacture of cooling towers, diffusers, fore & smoke dampers. |
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No. of Employees : |
58 |
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 : |
-- |
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 |
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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 |
KUKEN KOGYO CO LTD
REGD NAME: Kuken
Kogyo KK
MAIN OFFICE: Kuken
bldg, OhoriKoen 2-39 Chuoku Fukuoka 810-0051
Tel:
092-741-5031 Fax: 092-741-5122
URL: http://www.kuken.com
E-Mail address: (thru the URL)
Mfg of cooling
towers, diffusers, fore & smoke dampers, other
Tokyo, Sendai,
Nagoya, Osaka, Hiroshima, Fukuoka, Kumamoto, Nagasaki
China
Fukuoka (2), China
HISAHARU HIRAKAWA,
PRES Shigeo Makinouchi, ch
Takashi Naraki, v
ch Azuma Yoshioka, s/mgn
dir
Hisashi Kamura,
s/mgn dir Takashi Eguchi, g/mgn
dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 16,450 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
100 M
TREND UP WORTH Yen 6,003 M
STARTED 1956 EMPLOYES 58
MFR OF COOLING TOWERS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established
by Shigeo Makinouchi in order to make most of his experience in the subject
line of business. This is a specialized
mfr of cooling towers, diffusers, fire & smoke dampers, other.
The sales volume for Mar/2012 fiscal
term amounted to Yen 16,450 million, an 18% up from Yen 13,900 million in the
previous term. Exports were robust into
China and other S/E Asian countries. The
recurring profit was posted at Yen 1,440 million and the net profit at Yen 438
million, respectively, compared with Yen 1,070 million recurring profit and Yen
601 million net profit, respectively, a year ago.
For the current term ending Mar 2013
the recurring profit is projected at Yen 1,500 million and the net profit at
Yen 450 million, respectively, on a 3% rise in turnover, to Yen 17,000
million.
The financial
situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Jun 1956
Regd No.:
2900-01-007221 (Fukuoka-Chuoku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 8 million shares
Issued: 2 million shares
Sum: Yen 100 million
Major
shareholders (%): Takashi Naraki (22), Bank of Fukuoka (17), Mizuho Trust Bank
(15), J Will Partners (3), Shigeo Takenouchi
(2)
No. of shareholders: 58
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures
cooling towers, diffusers, fire & smoke dampers, and accessories (--100%)
Clients: [Mfrs, wholesalers]
Shinryo Corp, Shin Nippon Air Technologies Co, Takasago Thermal Engineering,
Daidan Coca-Cola West, other
No. of accounts:
300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Kuken Kogyo Co, Kucho Giken Kogyo Co, Mitsubishi Electric Living
Environment System Corp, Mitsubishi Electric Applied Refrigeration Systems Co,
Teral Inc, other
Payment record: No Complaints
Location: Business area in
Fukuoka. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
Bank of Fukuoka
(H/O)
Shinwa Bank
(Fukuoka
Relations:
Satisfactory
(In Million
Yen)
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Terms Ending: |
31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
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Annual
Sales |
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17,000 |
16,450 |
13,900 |
14,218 |
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Recur.
Profit |
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1,500 |
1,440 |
1,070 |
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Net
Profit |
|
450 |
438 |
601 |
742 |
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Total
Assets |
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14,527 |
13,087 |
12,624 |
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Current
Assets |
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7,276 |
5,460 |
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Current
Liabs |
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6,257 |
4,456 |
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Net
Worth |
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6,003 |
5,564 |
4,963 |
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Capital,
Paid-Up |
|
|
100 |
100 |
100 |
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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 |
3.34 |
18.35 |
-2.24 |
-17.87 |
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Current Ratio |
|
.. |
116.29 |
122.53 |
.. |
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N.Worth Ratio |
.. |
41.32 |
42.52 |
39.31 |
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R.Profit/Sales |
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8.82 |
8.75 |
7.70 |
.. |
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N.Profit/Sales |
2.65 |
2.66 |
4.32 |
5.22 |
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Return On Equity |
.. |
7.30 |
10.80 |
14.95 |
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Notes: Forecast
(or estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.15 |
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|
1 |
Rs.86.30 |
|
Euro |
1 |
Rs.67.73 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.