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Report Date : |
11.01.2013 |
IDENTIFICATION DETAILS
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Name : |
CAINZ CO LTD |
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Registered Office : |
98-2, Higashitomida Honjo City Saitama-Pref 367-0033 |
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Country : |
Japan |
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Financials (as on) : |
29.02.2012 |
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Date of Incorporation : |
November, 1989 |
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Com. Reg. No.: |
0700-01-006474 (Saitama – Honjo) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Home Center (Do-It-Yourself shop) operator |
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No. of Employees : |
3,056 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
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 tiny agricultural sector is highly subsidized and protected, with crop
yields among the highest in the world. Usually self-sufficient in rice, Japan
imports about 60% of its food on a caloric basis. Japan maintains one of the
world's largest fishing fleets and accounts for nearly 15% of the global catch.
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. Measured on a purchasing power parity (PPP) basis
that adjusts for price differences, Japan in 2011 stood as the third-largest
economy in the world after second-place China, which surpassed Japan in 2001,
and in a virtual tie with India. A sharp downturn in business investment and
global demand for Japan's exports in late 2008 pushed Japan further 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 in March disrupted manufacturing. Electricity supplies remain tight
because Japan has temporarily shut down almost all of its nuclear power plants
after the Fukushima Daiichi nuclear reactors were crippled by the earthquake
and resulting tsunami. Estimates of the direct costs of the damage - rebuilding
homes, factories, and infrastructure - range from $235 billion to $310 billion,
and GDP declined almost 0.5% in 2011. Prime Minister Yoshihiko NODA has
proposed opening the agricultural and services sectors to greater foreign
competition and boosting exports through membership in the US-led Trans-Pacific
Partnership trade talks and by pursuing free-trade agreements with the EU and
others, but debate continues 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 CO LTD
KK Cainz
98-2 Higashitomida
Honjo City Saitama-Pref 367-0033 JAPAN
Tel:
0495-25-1000 Fax: 0495-25-1001
*.. Moved to the caption
address in Oct 2012 from the one as given
E-Mail address: (thru the URL)
Home Center
(Do-It-Yourself shop) operator
Tokyo, Nagoya
China (3)
174 stores nationwide from Hokkaido to Okinawa (22 prefectures)
HIROMASA TSUCHIYA,
PRES Yoshio Tsuchiya, ch
Takao Takagi, mgn
dir Hirotoshi Hoshino, mgn
dir
Satoru Sakurai,
mgn dir Nobuyuki Minegishi,
dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 342,500 M
PAYMENTS REGULAR CAPITAL Yen
3,260 M
TREND UP WORTH Yen 110,957 M
STARTED 1989 EMPLOYES 3,056
HOME CENTER
OPERATOR.
FINANCIAL SITUATION CONSIDERED FAIRTO GOOD AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
The subject company was established originally in 1963 by Yoshio
Tsuchiya, now ch, for selling do-it-yourself goods, on his account. Incorporated in 1989 the firm has been
succeeded by his descendants. This is a
home center operator, operating 174 stores nationwide from Hokkaido down to
Okinawa. Handling items are varied: daily
foods, gardening, outdoors, cars, motorcycles, bicycles, drugs, work wears,
home interior/exterior goods, wine, liquor, agricultural materials, building
materials, other. In 1994, started
imports from China in 1994, and now operates 3 subsidiaries in China. Goods are imported.
Financials are only partially disclosed as from Feb/2011 fiscal term.
The sales volume
for Feb/2012 fiscal term amounted to Yen 342,500 million, a 5% up from Yen
327,000 million in the previous term.
Reconstruction and disaster-preventive/protective goods rose sharply
after the Earthquake in Mar 2011. The net profit was posted at Yen 14,200
million, compared with Yen 17,300 million a year ago.
For the current
term ending Feb 2013 the net profit is projected at Yen 14,500 million, on a 3%
rise in turnover, to Yen 352,000 million.
The financial
situation is considered FAIR to GOOD and good for ORDINARY business
engagements.
Date Registered: Nov 1989
Regd No.: 0700-01-006474 (Saitama-Honjo)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 26 million shares
Issued: 6.52 million shares
Sum: Yen 3,260,365,000.00
Major shareholders (%): Hiromasa Tsuchiya (23), Yoshio Tsuchiya (15), other
No. of shareholders: 10
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Home Center
(Do-It-Yourself shop, supermarkets) operator, operating 174 stores in Japan and
3 in China (--100%).
(Handling Items): cars, motorcycles,
bicycles, their accessories, daily consumer goods, foods, confectionary,
gardening supplies, wines, liquor, sake, drugs, work wears, home
interior/exterior goods, agricultural goods, building materials (do-it-yourself
goods), home electronics, other.
Clients: Consumers,
wholesalers, other
No. of accounts: Unavailable
Domestic areas of activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Proctor & Gamble Japan, Kao Customer Marketing, Yodobashi
Camera, Kikuya Co, Gemco Takasaki, JAPELL Co, Panasonic Consumer Marketing,
Taisho Pharmaceuticals, other.
Payment
record: Regular
Location: Business area in
Honjo, 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)
|
|
|
28/02/2013 |
29/02/2012 |
28/02/2011 |
28/02/2010 |
|
Annual
Sales |
|
352,000 |
342,500 |
327,000 |
321,069 |
|
Recur.
Profit |
|
|
|
|
20,299 |
|
Net
Profit |
|
14,500 |
14,200 |
17,300 |
10,016 |
|
Total
Assets |
|
|
N/A |
N/A |
166,652 |
|
Net
Worth |
|
|
110,957 |
101,017 |
88,907 |
|
Capital,
Paid-Up |
|
|
3,260 |
3,260 |
3,260 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.77 |
4.74 |
1.85 |
-0.94 |
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|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
53.35 |
|
|
N.Profit/Sales |
4.12 |
4.15 |
5.29 |
3.12 |
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Notes: Financials are
only partially disclosed as from the 28/02/2011 fiscal term.
Forecast (or
estimated) figures for the 28/02/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.63 |
|
|
1 |
Rs.87.50 |
|
Euro |
1 |
Rs.71.32 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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 |
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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 |
|
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.