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Report Date : |
03.05.2012 |
IDENTIFICATION DETAILS
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Name : |
KAGA LUMBER CO LTD |
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Registered Office : |
2-12-20
Kaneishi-Nishi |
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Country : |
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Financials (as on) : |
30.09.2011 |
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Date of Incorporation : |
December
1947 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, processing, wholesale of timber, plywood, housing members, 2x4 housing kits, laminated timber |
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No. of Employees : |
38 |
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 |
KAGA LUMBER CO LTD
Kaga Mokuzai KK
2-21 Minato
Kanazawa 920-0211 JAPAN
Tel:
076-238-4131 Fax: 076-238-4023
*.. Registered at:
2-12-20 Kaneishi-Nishi Kanazawa
URL: http://www.kagamoku.co.jp
E-Mail address: kagamoku@kagamoku.co.jp
Import,
processing, wholesale of timber, plywood, housing members, 2x4 housing kits,
laminated timber
Tokyo,
Osaka
At the
caption address
SEIICHI
MASUE, PRES Hiroo Masue, ch
Kunihiro
Masue, s/mgn dir Toshihide
Shinoki, mgn dir
Ichiro
Seki, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 4,367 M
PAYMENTS REGULAR CAPITAL Yen 30 M
TREND UP WORTH Yen 381 M
STARTED 1947 EMPLOYES 38
IMPORTER AND PROCESSOR OF HOUSING TIMBERS, PLYWOOD, OTHER.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS BUT DOUBTFUL FOR CREDIT ENGAGEMENTS: CD$637,553.00.
The
subject company was established by Hiroo Masue in order to make most of his
experience in the subject line of business.
Seiichi is his son. This is a
trading firm, with mfg and processing division, for import and wholesale of lumber,
timber, housing members, 2x4 panels, other (See OPERATION). Goods are
imported from USA, Canada, Europe, other, mostly thru general trading
houses. Clients include housing makers,
construction firms, other, nationwide.
The sales volume for
Sept/2011 fiscal term amounted to Yen 4,367 million, a 6% up from Yen 4,102
million in the previous term. Housing
starts revived after being affected by the global economic downturn the
previous year. The recurring profit was
posted at Yen 1 million and the net profit at Yen 6 million, respectively,
compared with Yen 30 million recurring profit and Yen 30 million net profit,
respectively, a year ago.
For the current term
ending Sept 2012 the recurring profit is projected at Yen 20 million and the
net profit at Yen 10 million, respectively, on a 3% rise in turnover, to Yen
4,500 million.
The financial
situation is considered FAIR and good for ORDINARY business engagements. The proposed amount, however, is considered
TOO HIGH from the recent financial status.
Date Registered: Dec 1947
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
240,000 shares
Issued: 60,000 shares
Sum: Yen 30 million
Major shareholders (%): Hiroo Masue & families
(--100)
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, processes and wholesales logs & timber: lumber, housing members,
2x4 housing panels, housing facilities, incombustible timer & plywood,
glued laminated timber, other (--100%)
Clients: [House makers, wholesalers] Daiwa House Ind, other
No. of accounts: 300
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs, wholesalers] Sojitz Building Materials Corp, Mitsubishi Shoji
Construction Materials Corp, Sumisho & Mitsui Bussan Kenzai Co, Itochu
Kenzai Corp, Kanazawa Mokuzai Corp, other
Payment record: Regular
Location: Business area in Kanazawa.
Office premises at the caption address are owned and maintained
satisfactorily.
Bank References:
Hokkoku Bank (Kanazawa-Chuo)
Shoko Chukin Bank (Kanazawa)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
30/09/2012 |
30/09/2011 |
30/09/2010 |
30/09/2009 |
|
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Annual
Sales |
|
4,500 |
4,367 |
4,102 |
3,625 |
|
Recur.
Profit |
|
20 |
1 |
30 |
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Net
Profit |
|
10 |
6 |
30 |
-55 |
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Total
Assets |
|
|
2,749 |
2,825 |
2,767 |
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Current
Assets |
|
|
1,713 |
1,702 |
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Current
Liabs |
|
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1,929 |
2,073 |
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Net
Worth |
|
|
381 |
374 |
344 |
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Capital,
Paid-Up |
|
|
30 |
30 |
30 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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|
S.Growth Rate |
3.05 |
6.46 |
13.16 |
-11.24 |
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Current Ratio |
|
.. |
88.80 |
82.10 |
.. |
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N.Worth Ratio |
.. |
13.86 |
13.24 |
12.43 |
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R.Profit/Sales |
|
0.44 |
0.02 |
0.73 |
.. |
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N.Profit/Sales |
0.22 |
0.14 |
0.73 |
-1.52 |
|
|
Return On Equity |
.. |
1.57 |
8.02 |
-15.99 |
|
Notes:
Forecast (or estimated) figures for the 30/09/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.93 |
|
UK Pound |
1 |
Rs.85.85 |
|
Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
---- |
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.