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Report Date : |
03.08.2013 |
IDENTIFICATION DETAILS
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Name : |
CAINZ CORPORATION |
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Registered Office : |
88-2 Higashi-Tomida Honjo Saitama-Pref 367-0033 |
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Country : |
Japan |
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Financials (as on) : |
28.02.2013 |
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Date of Incorporation : |
November, 1963 |
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Com. Reg. No.: |
6700-01-006474 |
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Legal Form : |
Limited Company |
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Line of Business : |
Home Center (Do-It-Yourself stores) operator |
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No. of Employees : |
2,300 |
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
japan - ECONOMIC OVERVIEW
In the years following World War II, government-industry
cooperation, a strong work ethic, mastery of high technology, and a
comparatively small defense allocation (1% of GDP) helped Japan develop a
technologically advanced economy. Two notable characteristics of the post-war
economy were the close interlocking structures of manufacturers, suppliers, and
distributors, known as keiretsu, and the guarantee of lifetime employment for a
substantial portion of the urban labor force. Both features are now eroding
under the dual pressures of global competition and domestic demographic change.
Japan's industrial sector is heavily dependent on imported raw materials and
fuels. A small agricultural sector is highly subsidized and protected, with
crop yields among the highest in the world. While self-sufficient in rice
production, Japan imports about 60% of its food on a caloric basis. For three
decades, overall real economic growth had been spectacular - a 10% average in
the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth
slowed markedly in the 1990s, averaging just 1.7%, largely because of the after
effects of inefficient investment and an asset price bubble in the late 1980s
that required a protracted period of time for firms to reduce excess debt,
capital, and labor. Modest economic growth continued after 2000, but the
economy has fallen into recession three times since 2008. A sharp downturn in
business investment and global demand for Japan's exports in late 2008 pushed
Japan into recession. Government stimulus spending helped the economy recover
in late 2009 and 2010, but the economy contracted again in 2011 as the massive
9.0 magnitude earthquake and the ensuing tsunami in March disrupted
manufacturing. The economy has largely recovered in the two years since the
disaster, but reconstruction in the Tohoku region has been uneven.
Newly-elected Prime Minister Shinzo ABE has declared the economy his
government's top priority; he has pledged to reconsider his predecessor's plan
to permanently close nuclear power plants and is pursuing an economic
revitalization agenda of fiscal stimulus and regulatory reform and has said he
will press the Bank of Japan to loosen monetary policy. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, Japan
in 2012 stood as the fourth-largest economy in the world after second-place
China, which surpassed Japan in 2001, and third-place India, which edged out
Japan in 2012. The new government will continue a longstanding debate on
restructuring the economy and reining in Japan's huge government debt, which
exceeds 200% of GDP. Persistent deflation, reliance on exports to drive growth,
and an aging and shrinking population are other major long-term challenges for the
economy.
|
Source
: CIA |
CAINZ CORPORATION
KK Cainz
88-2 Higashi-Tomida Honjo Saitama-Pref 367-0033 JAPAN
Tel: 0495-25-1000 Fax:
0495-25-1001
*.. Moved to the caption address in 2012 from the one as given
E-Mail address: (thru the URL to
each division)
Home Center (Do-It-Yourself stores) operator
192 stores in 23 prefectures nationwide
China (2) (Mfg/purchasing/selling, etc)
HIROMASA TSUCHIYA, PRES
Yoshio Tsuchiya, ch Takao
Takagi, mgn dir
Satoru Sakurai, mgn dir Nobuyuki
Minegishi, dir
Yen Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 341,300 M
PAYMENTS REGULAR CAPITAL Yen
3,260 M
TREND UP WORTH Yen 17,607 M
STARTED 1963 EMPLOYES 2,300
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 192 home centers in 23
prefectures nationwide. Handling items are:
gardening, pet, clothing, drugs, working wear, other (See OPERATION). Operates two
subsidiaries in China.
Financials are only partially disclosed as from the 328/02/2011 fiscal
term.
The sales volume for Feb/2013 fiscal term amounted to Yen 341,300
million, a 0.4% down from Yen 342,500 million in the previous term. The net profit was posted at Yen 14,440
million, compared with Yen 14,200 million net profit a year ago.
For the current term ending Feb 2014 the net profit is projected at Yen
14,500 million, on a 3% rise in turnover, to Yen 350,000 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Nov
1963
Regd No.: 6700-01-006474
(Saitama-Honjo)
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 192 stores in 23 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
Honjo City, Saitama-Pref. Office
premises at the caption address are owned and maintained satisfactorily.
Bank References:
Gunma Bank (Takasaki)
Mizuho Bank (Maebashi)
Relations: Satisfactory
(In Million Yen)
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Terms Ending: |
|
28/02/2014 |
28/02/2013 |
29/02/2012 |
28/02/2011 |
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Annual Sales |
|
350,000 |
341,300 |
342,500 |
336,500 |
|
Recur. Profit |
|
.. |
.. |
.. |
.. |
|
Net Profit |
|
14,500 |
14,340 |
14,200 |
12,500 |
|
Total Assets |
|
|
N/A |
N/A |
N/A |
|
Net Worth |
|
|
117,607 |
107,597 |
97,657 |
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Capital, Paid-Up |
|
|
3,260 |
3,260 |
3,260 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.55 |
-0.35 |
1.78 |
4.81 |
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Current Ratio |
|
|
.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
.. |
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N.Profit/Sales |
4.14 |
4.20 |
4.15 |
3.71 |
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Notes: Financials are only partially disclosed as from the 28/02/2011
fiscal term.
Forecast figures for the 28/02/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.80 |
|
|
1 |
Rs.91.95 |
|
Euro |
1 |
Rs.80.36 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
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.