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Report Date : |
08.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
SHUKO BUILD CO LTD |
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Registered Office : |
29-54 Yamashiro Onsen Kaga City Ishikawa-Pref 922-0242 |
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Country : |
Japan |
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Date of Incorporation : |
October, 1991 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Construction company specializing in house building (standardized
houses and/or free plan houses, other (--100%) |
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No. of Employees : |
260 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Yen 24.8 million |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 |
SHUKO BUILD CO LTD
REGD NAME: KK Shuko Build
MAIN OFFICE: 29-54 Yamashiro Onsen Kaga City Ishikawa-Pref
922-0242 JAPAN
Tel: 0761-77-8866 Fax:
0761-77-8869
URL: http://www.shukobuild.com
E-Mail address: info@shukobuild.com
Construction company, house building
Fukui, Osaka, Toyama, Shiga, Nara, Kyoto, Hyogo, Aichi, Gifu, Miyagi
(Tot 11)
(subcontracted)
TAKAYA HONMA, PRES Kuniyuki
Hiyama, ch
Mitsuyoshi Yamashita, s/mgn dir Seiiichi
Fujita, s/mgn dir
Kunihiro Koh, mgn dir Yasuhiko
Yamashina, dir
In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 14,605 M
PAYMENTS SLOW BUT CORRECT CAPITAL Yen
63 M
TREND UP WORTH Yen 136 M
STARTED 1991 EMPLOYES 260
HOUSE BUILDER.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 24.8 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by Kuniyuki Hiyama in order to make
most of his experience in the subject line of business. This is a construction company specializing
in house building: standardized houses and/or free plan houses. Has 11 offices in 11 prefectures nationwide,
serving local needs.
The sales volume for Aug/2013 fiscal term amounted to Yen 14,605
million, a 70% up from Yen 8,619 million in the previous term. House buildings increased abruptly after the
earthquake in North Japan. The recurring
profit was posted at Yen 107 million and the net profit at Yen 24 million,
respectively, compared with Yen 51 million recurring profit and yen 27 million net
profit, respectively, a year ago.
For the current term ending Aug 2014 the recurring profit is projected
at Yen 120 million and the net profit at Yen 30 million, respectively, on a 6%
rise in turnover, to Yen 5,500 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 24.8 million, on 30 days normal terms.
Date Registered: Oct
1991
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 5,040 shares
Issued:
1,260 shares
Sum: Yen
63 million
Major shareholders
(%): Kuniyuki Hiyama (69), Eiko Hiyama (22), Takaya Honma (6), Hideki
Matsumoto (3)
No. of
shareholders: 4
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Construction
company specializing in house building (standardized houses and/or free plan
houses, other (--100%)
Clients: Consumers
No. of accounts:
Unavailable
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] YKK, Ko-Ken Tool Co, Hokuetsu Precut Hokuetsu Aluminum Ind, other
Payment record: Slow but correct
Location: Business area in
Kaga City, Ishikawa-Pref. Office
premises at the caption address are owned and maintained satisfactorily.
Bank References:
Hokkoku
Bank (Matsugaoka)
Shoko Chukin Bank (Kanazawa)
Relations:
Satisfactory
|
Terms Ending: |
31/08/2014 |
31/08/2013 |
31/08/2012 |
|
|
Annual Sales |
|
15,500 |
14,605 |
8,619 |
|
Recur. Profit |
|
120 |
107 |
51 |
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Net Profit |
|
30 |
24 |
27 |
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Total Assets |
|
|
6,071 |
3,286 |
|
Current Assets |
|
|
5,005 |
2,587 |
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Current Liabs |
|
|
4,873 |
2,817 |
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Net Worth |
|
|
136 |
97 |
|
Capital, Paid-Up |
|
|
63 |
63 |
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Div.P.Share(¥) |
|
|
|
|
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<Analytical Data> |
(%) |
(%) |
(%) |
|
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S.Growth Rate |
6.13 |
69.45 |
92.99 |
|
|
Current Ratio |
|
.. |
102.71 |
91.84 |
|
N.Worth Ratio |
.. |
2.24 |
2.95 |
|
|
R.Profit/Sales |
|
0.77 |
0.73 |
0.59 |
|
N.Profit/Sales |
0.19 |
0.16 |
0.31 |
|
|
Return On Equity |
.. |
17.65 |
27.84 |
|
Notes: Forecast (or estimated) figures for the 31/08/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.38 |
|
|
1 |
Rs.102.25 |
|
Euro |
1 |
Rs.84.97 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.