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Report Date : |
13.06.2012 |
IDENTIFICATION DETAILS
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Name : |
CAINZ
CORPORATION |
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Registered Office : |
380 Takazeki-Machi |
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Country : |
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Financials (as on) : |
28.02.2010 |
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Date of Incorporation : |
Nov
1963 |
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Com. Reg. No.: |
0700-01-006474
(Gunma-Takasaki) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
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No. of Employees : |
2,200 |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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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 |
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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 |
CAINZ CORPORATION
REGD NAME: KK
Cainz
MAIN OFFICE: 380
Takazeki-Machi
Tel:
027-320-1100 Fax: 027-320-1777
E-Mail
address: (thru the URL to each division)
Home
Center (Do-It-Yourself stores) operator
174
stores in 22 prefectures nationwide
China
(2) (Mfg/purchasing/selling, etc)
HIROMASA
TSUCHIYA, PRES
Yoshio
Tsuchiya, ch Takao
Takagi, dir
Hirotoshi
Hoshino, dir Satoru
Sakurai
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 327,000 M
PAYMENTS
REGULAR CAPITAL Yen 3,260 M
TREND UP WORTH Yen 88,907 M
STARTED 1963 EMPLOYES 2,200
HOME CENTER OPERATOR.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject
company was established on the basis of a division separated from KK Iseya for
operating do-it-yourself stores. The
firm now operates 174 home centers in 22 prefectures nationwide. Handling items are: gardening, pet, clothing,
drugs, working wear, other (See OPERATION). Operates two subsidiaries in China.
The sales
volume for Feb/2011 fiscal term amounted to Yen 327,000 million, a 2% up from
Yen 321,069 million in the previous term.
The net profit was posted at Yen 17,300 million, compared with Yen
20,229 million recurring profit and Yen 10,016 million net profit,
respectively, a year ago. Financials are
only partially disclosed for this term.
For the
term that ended Feb 2012 the net profit was projected at Yen 18,000 million, on
a 3% rise in turnover, to Yen 336,800 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 10,574.5 million, on 30 days normal terms.
Date Registered: Nov 1963
Regd No.: 0700-01-006474 (Gunma-Takasaki)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
26 million shares
Issued:
6.52 million shares
Sum: Yen 3,260 million
Major shareholders (%): Hiromasa Tsuchiya, Yoshio
Tsuchiya, Iseya KK, other (Detailed
Breakdown not available)
No. of shareholders: 10
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Home Center operator, operating 174
stores in 22 prefectures nationwide (--100%).
(Handling Items): Gardening tools/supplies, agricultural
tools/supplies, working tools, automobile parts/components, building materials
& tools, working wear, drugs, interior goods, beddings, apparel, pet &
pet foods, bicycles, daily goods, other
Clients: Consumers
No. of
accounts: Unavailable
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Proctor &
Gamble Japan, Kao Customer Marketing, Taisho Pharmacy, Panasonic Consumer
Marketing, other
Payment record: Regular
Location: Business
area in Takasaki, Gunma-Pref. Office
premises at the caption address are owned and maintained satisfactorily.
Bank References:
Gunma Bank (Takasaki)
Ashikaga
Bank (Takasaki)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
28/02/2011 |
28/02/2010 |
28;02/2009 |
28/02/2008 |
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Annual
Sales |
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327,000 |
321,069 |
324,130 |
334,300 |
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Recur.
Profit |
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20,299 |
18,494 |
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Net
Profit |
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17,300 |
10,016 |
9,334 |
9,350 |
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Total
Assets |
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166,652 |
165,558 |
162,163 |
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Current
Assets |
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56,600 |
55,793 |
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Current
Liabs |
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66,064 |
65,257 |
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Net
Worth |
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88,907 |
80,367 |
72,375 |
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Capital,
Paid-Up |
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3,260 |
3,260 |
3,260 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
1.85 |
-0.94 |
-3.04 |
0.09 |
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Current Ratio |
|
.. |
85.67 |
85.50 |
.. |
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N.Worth Ratio |
.. |
53.35 |
48.54 |
44.63 |
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R.Profit/Sales |
|
.. |
6.32 |
5.71 |
.. |
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N.Profit/Sales |
5.29 |
3.12 |
2.88 |
2.80 |
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Return On Equity |
.. |
11.27 |
11.61 |
12.92 |
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Notes:
Figures for the 28/02/2011 fiscal term are actual, but only partially disclosed.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.05 |
|
|
1 |
Rs.86.69 |
|
Euro |
1 |
Rs.69.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.