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Report Date : |
03.05.2012 |
IDENTIFICATION DETAILS
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Name : |
KENSO KOGYO CO LTD |
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Registered Office : |
3-11-1
Nishishimbashi Minatoku |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
April
1954 |
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Com. Reg. No.: |
0104-01-009377
(Tokyo-Minatoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Building/condominium renewal works |
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No. of Employees : |
404 |
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) |
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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 |
KENSO KOGYO CO LTD
Kenso Kogyo KK
3-11-1
Nishishimbashi Minatoku Tokyo 105-0003 JAPAN
Tel:
03-3433-0501 Fax: 03-3433-0505
E-Mail address: (thru the URL)
Building/condominium
renewal works
Sendai,
Chiba, Yokohama, Osaka, Nagoya, Niigata, Fukuoka, other (Tot 12)
OSAMI
TAKAHASHI, PRES Hiroki Kaneko, s/mgn
dir
Kameo
Shishido, s/mgn dir Takafumi Endo,
dir
Naoki
Kurita, dir Takumi
Higaki, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 31,741 M
PAYMENTS No
Complaints CAPITAL Yen 300 M
TREND UP WORTH Yen 6,927 M
STARTED 1954 EMPLOYES 404
BUILDING RENEWAL WORKS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by father of Osami
Takahashi in order to make most of his experience in the subject line of
business. This is a large-scale
building/condominium renewal works company.
Clients include major construction/building companies, electric power
companies, other, nationwide.
The sales volume for Mar/2011 fiscal term amounted to Yen 31,741 million, a 12% up from Yen 28,429 million in the previous term. Building market revived. Housing starts recovered. Large buildings/condominiums started to be built. The recurring profit was posted at Yen 1,428 million and the net profit at Yen 700 million, respectively, compared with Yen 1,615 million recurring profit and Yen 684 million net profit, respectively, a year ago.
For the term that ended Mar 2012 the recurring profit was projected at Yen 1,500 million and the net profit at Yen 750 million, respectively, on a 6% rise in turnover, to Yen 33,500 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Apr 1954
Regd No.: 0104-01-009377 (Tokyo-Minatoku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
1.9 million shares
Issued:
480,000 shares
Sum: Yen 300 million
Major shareholders (%): Kenso Kosan* (37.1), Sankyo Shoji (24.4), Nikken Shokai
(15.6), Osami Takahashi (8.5)
*.. Group firm
No. of shareholders: 14
Nothing detrimental is known as to the commercial morality of executives.
Activities: Large-scale building/condominium renewal works: repairing, water supply systems, interior works, painting works, other (--100%)
Clients: [Construction firms, house builders] Secom Trust Systems, Kajima Corp, Shimizu Corp, Taisei Corp, Takenaka Corp, Obayashi Corp, Tohoku Electric Power Engineering & Construction, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Matsuoka Toryo Co, Minakuchi Co, Kaken Material Co, Ihara Shoten, Dainikka Japan, other
Payment record: No Complaints
Location: Business area in Tokyo. Office premises at the caption address are owned and maintained satisfactorily.
Bank References:
Mizuho
Bank (Toranomon)
MUFG
(Shimbashi)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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33,500 |
31,741 |
28,429 |
28,214 |
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Recur.
Profit |
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1,500 |
1,428 |
1,615 |
1,464 |
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Net
Profit |
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750 |
700 |
684 |
682 |
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Total
Assets |
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14,135 |
13,501 |
12,517 |
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Current
Assets |
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12,553 |
11,912 |
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Current
Liabs |
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6,196 |
6,243 |
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Net
Worth |
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6,927 |
6,250 |
5,589 |
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Capital,
Paid-Up |
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300 |
300 |
300 |
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Div.P.Share(¥) |
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50.00 |
50.00 |
50.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
5.54 |
11.65 |
0.76 |
1.07 |
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Current Ratio |
|
.. |
202.60 |
190.81 |
.. |
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N.Worth Ratio |
.. |
49.01 |
46.29 |
44.65 |
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R.Profit/Sales |
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4.48 |
4.50 |
5.68 |
5.19 |
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N.Profit/Sales |
2.24 |
2.21 |
2.41 |
2.42 |
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Return On Equity |
.. |
10.11 |
10.94 |
12.20 |
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Notes:
Forecast (or estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.52.93 |
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UK Pound |
1 |
Rs.85.85 |
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Euro |
1 |
Rs.69.94 |
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.