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Report Date : |
06.08.2013 |
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 (Saitama-Honjo) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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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
REGD NAME: KK
Cainz
MAIN OFFICE: 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 14,340 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 |
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Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
117,607 |
107,597 |
97,657 |
|
Capital,
Paid-Up |
|
|
3,260 |
3,260 |
3,260 |
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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 |
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.60.82 |
|
|
1 |
Rs.92.96 |
|
Euro |
1 |
Rs.80.73 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
|
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.