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Report Date : |
14.05.2012 |
IDENTIFICATION DETAILS
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Name : |
TECHNO WOOD WORKS KK |
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Registered Office : |
16-1 Satsukicho Kanuma
Tochigi-Pref 322-0014 |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
March
2000 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of pre-cut timber, 2x4 housing kits, wood
pallet |
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No. of Employees : |
200 |
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 |
TECHNO WOOD WORKS KK
Techno Wood Works
KK
16-1 Satsukicho
Kanuma Tochigi-Pref 322-0014 JAPAN
Tel:
0289-72-0035 Fax: 0289-72-0036
URL: http://www.technowoodworks.com
E-Mail address: (thru the URL)
Mfg of
pre-cut timber, 2x4 housing kits, wood pallet, other
Tokyo,
Chiba, Saitama (2), Fukushima, Akita
Tochigi,
Fukushima, Ibaraki
TAKAO
HAYAKAWA, PRES
Akihiko
Komaba, v pres
Koji
Shimoyama, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 6,588 M
PAYMENTS No Complaints CAPITAL Yen 57 M
TREND UP WORTH Yen 216 M
STARTED 2000 EMPLOYES 200
MFR OF PRE-CUT TIMBER, 2X4 HOUSING KITS, OTHER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS BUT DOUBTFUL FOR CREDIT
ENGAGEMENTS: CD$500,625.00
The subject company was established by Takao Hayakawa in order to make most of his experience in the subject line of business. This is a specialized mfg of pre-cut timber, 2x4 housing kits, wood panels, other. Material woods are imported. Clients include housing makers, timber dealers, other, centering in the northern Japan.
The sales volume for Dec/2011 fiscal term amounted to Yen 6,588 million,
an 11% up from Yen 5,962 million in the previous term. Housing starts increased, including temporary
housing units & shelters after the Great North Japan Earthquake. The recurring profit was posted at Yen 98
million and the net profit at Yen 52 million, respectively, compared with Yen
98 million recurring profit and Yen 45 million net profit, respectively, a year
ago.
For the current term ending Dec 2012 the recurring profit is projected
at Yen 110 million and the net profit at Yen 60 million, respectively, on an
11% rise in turnover, to Yen 7,300 million.
New house buildings are increasing.
Business is seen expanding steadily.
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: Mar 2000
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
4,572 shares
Issued: 1,143 shares
Sum: Yen 57.15 million
Major shareholders (%): Takao Hayakawa (100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures
pre-cut timber for housing, 2x4 housing kits, wood panels, wood pallets, others
(--100%)
Clients: [House builders,
wholesalers] Mitsubishi Shoji Building Materials, LIXIL Jyutaku Kenkyusho,
Misawa Homes Co, other
No. of accounts: 300
Domestic areas of
activities: Centered in the northern Japan
Suppliers: [Mfrs,
wholesalers] Mitsubishi Shoji Building Materials, Itochu Kenzai Corp, Meiken
Lamwood Corp, Ryoshu Mokuzai Co, Tohsen Ltd, other
Payment record: No
Complaints
Location:
Business area in Kanuma City, Tochigi-Pref.
Office premises at the caption address are owned and maintained
satisfactorily.
Bank References:
MUFG
(Omiya)
Shoko
Chukin Bank (Utsunomiya)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
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Annual
Sales |
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7,300 |
6,588 |
5,962 |
4,226 |
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Recur.
Profit |
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110 |
98 |
98 |
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Net
Profit |
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60 |
52 |
45 |
16 |
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Total
Assets |
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3,954 |
3,704 |
2,460 |
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Current
Assets |
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2,532 |
2,247 |
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Current
Liabs |
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1,658 |
1,634 |
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Net
Worth |
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216 |
170 |
124 |
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Capital,
Paid-Up |
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57 |
57 |
57 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
10.81 |
10.50 |
41.08 |
5.47 |
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Current Ratio |
|
.. |
152.71 |
137.52 |
.. |
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N.Worth Ratio |
.. |
5.46 |
4.59 |
5.04 |
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R.Profit/Sales |
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1.51 |
1.49 |
1.64 |
.. |
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N.Profit/Sales |
0.82 |
0.79 |
0.75 |
0.38 |
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Return On Equity |
.. |
24.07 |
26.47 |
12.90 |
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Notes:
Forecast (or estimated) figures for the 31/12/2012 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.53.64 |
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UK Pound |
1 |
Rs.86.42 |
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Euro |
1 |
Rs.69.29 |
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 |
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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.