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Report Date : |
11.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
KUMAMOTO CORPORATION |
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Registered Office : |
3-43-2 Mori Kumiyamacho Kuze-gun Kyoto
613-0024 |
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Country : |
Japan |
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Financials (as on) : |
31.08.2012 |
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Date of Incorporation : |
January 1991 |
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Com. Reg. No.: |
1300-01-033381 (Kyoto-Kuzegun) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export of toys,
hobbies, dolls, fireworks, TV game software |
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No. of Employees : |
21 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
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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 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 |
KUMAMOTO CORPORATION
KK Kumamoto
3-43-2 Mori
Kumiyamacho Kuze-gun Kyoto 613-0024 JAPAN
Tel:
075-631-1613 Fax: 075-631-8591
URL: http://www.kumamoto-toy.co.jp
E-Mail address: sales@kumamoto-toy.co.jp
Import,
export of toys, hobbies, dolls, fireworks, TV game software, other
Kyoto,
Tokyo
Kyoto
(fireworks factory)
KAZUHIRO
KUMAMOTO, PRES
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 1,689 M
PAYMENTSREGULAR CAPITAL Yen
30 M
TREND SLOW WORTH Yen 77 M
STARTED 1991 EMPLOYES 21
TRADING FIRM SPECIALIIZNG IN TOYS, DOLLS, OTHER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established originally in 1907 by Chiyozo
Kumamoto, on his account, and was incorporated in 1991 by Kazuhiro Kumamoto,
who is Chiyozo’s grandson, as a trading firm.
This firm specializes in import, export and wholesale of toys, stuffed
dolls, TV game software, playing cards, fireworks, others of about 20,000
items. Has a fireworks factory in Kyoto.
The sales volume for Aug/2012 fiscal term
amounted to Yen 1,689 million, a shade down from Yen 1,704 million in the
previous term. The recurring profit was
posted at Yen 5 million and the net profit at Yen 4 million, respectively,
compared with Yen 15 million recurring profit and Yen 12 million net profit,
respectively, a year ago. High Yen ate
into profits.
For the current term ending Aug 2013 the
recurring profit is projected at Yen 15 million and the net profit at Yen 12
million, respectively, on a 4% rise in turnover, to Yen 1,750 million.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Date Registered: Jan
1991
Regd No.: 1300-01-033381
(Kyoto-Kuzegun)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
2,400 shares
Issued:
600 shares
Sum: Yen 30 million
Major shareholders (%): Kazuhiro Kumamoto (98), Michio
Kumamoto (2)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports
and wholesales toys, stuffed falls (toys), fireworks, TV game software, plastic
models, sports goods, confectionery, candies, seasonal goods, others of over
20,000 items (--100%)
Clients: [Mfrs,
wholesalers] Japan KK, Nishimatsuya Chain Co, Yutaka Shoji Co, Shin Corp, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Takara Tomy Marketing, Happinet Corp, Star Corporation, Suzuki
Hanabi (Hanabi means fireworks), People KK, other
Payment record: Regular
Location: Business area in
Kyoto. Office premises at the caption
address are owned and maintained satisfactorily.
Bank
References:
Kyoto Bank (Omiya)
Kyoto Shinkin Bank (Kumiyama-Chuo)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
31/08/2013 |
31/08/2012 |
31/08/2011 |
31/08/2010 |
|
|
Annual
Sales |
|
1,750 |
1,689 |
1,704 |
1,830 |
|
Recur.
Profit |
|
15 |
5 |
15 |
|
|
Net
Profit |
|
12 |
4 |
12 |
-5 |
|
Total
Assets |
|
|
366 |
346 |
379 |
|
Current
Assets |
|
|
285 |
262 |
|
|
Current
Liabs |
|
|
276 |
265 |
|
|
Net
Worth |
|
|
77 |
77 |
69 |
|
Capital,
Paid-Up |
|
|
30 |
30 |
30 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.61 |
-0.88 |
-6.89 |
4.33 |
|
|
Current Ratio |
|
.. |
103.26 |
98.87 |
.. |
|
N.Worth Ratio |
.. |
21.04 |
22.25 |
18.21 |
|
|
R.Profit/Sales |
|
0.86 |
0.30 |
0.88 |
.. |
|
N.Profit/Sales |
0.69 |
0.24 |
0.70 |
-0.27 |
|
|
Return On Equity |
.. |
5.19 |
15.58 |
-7.25 |
|
Notes:
Forecast (or estimated) figures for the 31/08/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.57.78 |
|
UK Pound |
1 |
Rs.89.71 |
|
Euro |
1 |
Rs.76.24 |
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.