|
Report Date : |
11.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
BAUHAU MARUEI CO LTD |
|
|
|
|
Registered Office : |
5-82 Kamiisojiki Gioncho Hashimagun
Gifu-Pref 501-6001 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
January 1954 |
|
|
|
|
Com. Reg. No.: |
2000-01-011418
(Gifu-Hashimagun) |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Subject is specializes in interior finishing works of commercial
facilities/buildings such as stores, condominiums, show rooms, houses,
offices, shopping centers, restaurants, coffee shops |
|
|
|
|
No. of Employees : |
365 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
Yen 360.0 Million |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 – September 30th, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 |
BAUHAU MARUEI CO LTD
KK Bauhaus Maruei
5-82 Kamiisojiki
Gioncho Hashimagun Gifu-Pref 501-6001 JAPAN
Tel:
058-249-3611 Fax: 058-249-3622
*.. The is its
Tokyo Branch Office
URL: www.bauhaus.m.co.jp
E-Mail address: webinfo@bauhaus.m.co.jp
Interior
works of commercial facilities/buildings
Tokyo,
Osaka, Nagoya, Sapporo, Kanazawa, Fukuoka, Gifu, other (Tot 16)
At the
caption address
DAISUKE
MIKAJIRI, PRES Shizue Mikajiri, ch
Yasuharu
Ezaki, s/mgn dir Koki Kawahashi,
dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 19,413 M
PAYMENTS No
Complaints CAPITAL Yen 85
M
TREND SLOW WORTH Yen 2,946 M
STARTED 1954 EMPLOYES 365
INTERIOR FINISHING WORKS OF COMMERCIAL FACILITIES.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 360.0
MILLION, 30 DAYS NORMAL TERMS
The subject company was established by father of Daisuke Mikajiri in
order to make most of his experience in the subject line of business. Shizue, now ch, is his widower. Daisuke is his son, who took the pres office
in Jan 2009. This firm specializes in
interior finishing works of commercial facilities/buildings: stores, shopping
centers, show rooms, offices, coffee shops, other.
The sales volume for Dec/2012 fiscal term amounted to Yen 19,413
million, a 2% down from Yen 19,822 million in the previous term. The recurring profit was posted at Yen 619
million and the net profit at Yen 300 million, respectively, compared with Yen
546 million recurring profit and yen 448 million net profit, respectively, a
year ago.
For the current term ending Dec 2013 the recurring profit is projected
at Yen 620 million and the net profit at Yen 310 million, respectively, on a 3%
rise in turnover, to Yen 20,000 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 360.0 million, on 30 days normal terms.
Date Registered: Jan
1954
Regd No.: 2000-01-011418 (Gifu-Hashimagun)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
680,000 shares
Issued:
170,000 shares
Sum: Yen 85 million
Major shareholders (%): Shizue Mikajiri (27),
Employees’ S/Holding Assn (22), Daisuke Mikajiri (17)
No. of shareholders: 12
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Interior
finishing works of commercial facilities/buildings: stores, condominiums, show
rooms, houses, offices, shopping centers, restaurants, coffee shops, other
(--100%)
Clients: [Mfrs,
wholesalers] Uny Co, Circle K TSunkus, Haruyama Trading Co, Shiseido, Star
Backs Coffee Japan, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Murachi Mokkosho, Nip Corp, Sankyo ateyama,Tanahashi Ind, other.
Payment record: No Complaints
Location: Business area in
Gifu. Office premises at the caption
address are owned and maintained satisfactorily.
Bank
References:
Ogaki Kyoritsu Bank (Gifu)
MUFG (Gifu)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
Annual
Sales |
|
20,000 |
19,413 |
19,822 |
15,477 |
|
Recur.
Profit |
|
620 |
619 |
546 |
|
|
Net
Profit |
|
310 |
300 |
448 |
317 |
|
Total
Assets |
|
|
10,902 |
10,156 |
8,936 |
|
Current
Assets |
|
|
7,836 |
7,223 |
|
|
Current
Liabs |
|
|
7,783 |
7,349 |
|
|
Net
Worth |
|
|
2,946 |
2,653 |
2,209 |
|
Capital,
Paid-Up |
|
|
85 |
85 |
85 |
|
Div.Ttl
in Million (¥) |
|
|
8.5 |
4.2 |
4.2 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.02 |
-2.06 |
28.07 |
16.49 |
|
|
Current Ratio |
|
.. |
100.68 |
98.29 |
.. |
|
N.Worth Ratio |
.. |
27.02 |
26.12 |
24.72 |
|
|
R.Profit/Sales |
|
3.10 |
3.19 |
2.75 |
.. |
|
N.Profit/Sales |
1.55 |
1.55 |
2.26 |
2.05 |
|
|
Return On Equity |
.. |
10.18 |
16.89 |
14.35 |
|
Notes:
Forecast (or estimated) figures for the 31/05/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.21 |
|
UK Pound |
1 |
Rs.100.65 |
|
Euro |
1 |
Rs.84.15 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
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 |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<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.