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Report Date : |
01.11.2014 |
IDENTIFICATION DETAILS
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Name : |
BIGBOX CO LTD |
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Registered Office : |
2357 Yanasemachi Utsunomiya City Tochigi-Pref 321-0933 |
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Country : |
Japan |
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Date of Incorporation : |
August 1986 |
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Com. Reg. No.: |
0600-01-003768 |
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Legal Form : |
Limited Company |
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Line of Business : |
Builder of log houses, mini log houses, Finland houses, other, with
material woods & timbers are imported from North Europe (--100%) |
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No of Employees : |
20 |
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 |
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Maximum Credit Limit : |
Yen 18.3 Million |
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Status : |
Satisfactory |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
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 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. Prime Minister Shinzo ABE has declared the economy his
government's top priority; he has overturned his predecessor's plan to
permanently close nuclear power plants and is pursuing an economic revitalization
agenda of fiscal stimulus, monetary easing, and structural reform. Japan joined
the Trans Pacific Partnership negotiations in 2013, a pact that would open
Japan's economy to increased foreign competition and create new export
opportunities for Japanese businesses. Measured on a purchasing power parity
(PPP) basis that adjusts for price differences, Japan in 2013 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 is exceeding 230% of GDP. To
help raise government revenue and reduce public debt, Japan decided in 2013 to
gradually increase the consumption tax to a total of 10% by the year 2015.
Japan is making progress on ending deflation due to a weaker yen and higher
energy costs, but reliance on exports to drive growth and an aging, shrinking
population pose other major long-term challenges for the economy.
|
Source
: CIA |
BIGBOX CO LTD
KK Bic (not Big) Box
2357 Yanasemachi Utsunomiya City Tochigi-Pref 321-0933 Japan
Tel: 028-634-1236
Fax: 028-634-4172
URL: http://www.fin-bigbox.com
E-Mail address: info@fin-bigbox.com
ACTIVITIES: Building of log house, Finland house, other
BRANCHES: 105 franchisees nationwide from Hokkaido to
Okinawa
OVERSEAS: Finland (agent)
FACTORIES: At the caption address
OFFICERS: MIYOKO SUDA, PRES Kazuo Suda, ch
Daisuke Tezuka,
rep dir Toshiaki Hoshino, mgn
dir
Yen Amount: In million Yen,
unless otherwise stated
FINANCES FARI A/SALES Yen 1,000 M
PAYMENTS SLOW BUT CORRECT CAPITAL Yen 10 M
TREND STEADY WORTH Yen 307 M
STARTED 1986 EMPLOYES 20
COMMENT: BUILDER OF LOG HOUSE, FINLAND HOUSE, OTHER. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: ESTIMATED AT YEN 18.3 MILLION, ON 30 DAYS NORMAL TERMS.
The subject company was established by Kazuo Suda in order to make most
of his experience in the subject line of business. This is a builder of log houses, mini log houses,
Finland houses, other. Material woods
& timbers are imported from North Europe.
Has 105 franchisees nationwide from Hokkaido to Okinawa. So far built over 6,500 houses
nationwide. Clients include local
municipalities, corporations, in addition to individual consumers.
Financials are disclosed only partially.
The sales volume for May/2015 fiscal term amounted to Yen 1,000 million, a similar amount in the previous term. The net profit was posted at Yen 8 million, similarly in the previous term.
For the current term ending May 2014 the net profit is projected at Yen 10 million, on a 5% rise in turnover, to Yen 1,050 million. Material prices are up for import.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 18.3 million, on 30 days normal terms.
Date Registered: Aug
1986
Regd No.: 0600-01-003768
(Tochigi-Utsunomiya)
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 80,000 shares
Issued:
20,000 shares
Sum: Yen
10 million
Major shareholders
(%): Kazuo Suda (60), Miyoko
Suda (40)
No. of shareholders: 2
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Builder of log
houses, mini log houses, Finland houses, other, with material woods &
timbers are imported from North Europe (--100%)
Clients: Franchisees
nationwide to municipalities, corporates, individual consumers, other
No. of accounts: 105 (franchisees)
Domestic areas of activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Materials woods & timbers are imported from North Europe
(Finland), other
Payment record: Slow But Correct
Location: Business area in
Utsunomiya City, Tochigi-Pref. Office
premises at the caption address are owned and maintained satisfactory.
Bank References:
Mizuho Bank (Utsunomiya)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/05/2015 |
31/05/2014 |
31/05/2013 |
31/05/2012 |
|
Annual Sales |
|
1,050 |
1,000 |
1,000 |
688 |
|
Recur. Profit |
|
.. |
.. |
.. |
.. |
|
Net Profit |
|
10 |
8 |
8 |
4 |
|
Total Assets |
|
|
N/A |
N/A |
N/A |
|
Net Worth |
|
|
307 |
301 |
295 |
|
Capital, Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
5.00 |
0.00 |
45.35 |
-0.29 |
|
Current Ratio |
|
|
.. |
.. |
.. |
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N.Worth Ratio |
|
|
.. |
.. |
.. |
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N.Profit/Sales |
|
0.95 |
0.80 |
0.80 |
0.58 |
Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/05/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.41 |
|
|
1 |
Rs.98.06 |
|
Euro |
1 |
Rs.77.19 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
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.