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Report No. : |
349524 |
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Report Date : |
07.11.2015 |
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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Financials (as on) : |
31.05.2015 |
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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 imported from North Europe (--100%) |
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No. of Employees : |
170 |
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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Maximum Credit Limits : |
YEN 15.3 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 an 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. Scarce in many natural resources, Japan has long been dependent on imported raw materials. Since the complete shutdown of Japan’s nuclear reactors after the earthquake and tsunami disaster in 2011, Japan's industrial sector has become even more dependent than it was previously on imported fossil 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 impressive - 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 aftereffects 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 four times since 2008. 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 of that year disrupted manufacturing. The economy has largely recovered in the four years since the disaster, although reconstruction in the affected Tohoku region has lagged, in part due to a shortage of labor in the construction sector. Japan enjoyed a sharp uptick in growth in 2013 on the basis of Prime Minister Shinzo Abe’s “Three Arrows” economic revitalization agenda - dubbed “Abenomics” - of monetary easing, “flexible” fiscal policy, and structural reform. Abe’s government has replaced the preceding administration’s plan to phase out nuclear power with a new policy of seeking to restart nuclear power plants that meet strict new safety standards, and emphasizing nuclear energy’s importance as a base-load electricity source. Japan joined the Trans-Pacific Partnership (TPP) 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 2014 stood as the fourth-largest economy in the world after first-place China, which surpassed Japan in 2001, and third-place India, which edged out Japan in 2012. While seeking to stimulate and reform the economy, the government must also devise a strategy for reining in Japan's huge government debt, which amounts to more than 230% of GDP. To help raise government revenue, Japan adopted legislation in 2012 to gradually raise the consumption tax rate to 10% by 2015, beginning with a hike from 5% to 8% implemented in April 2014. That increase had a contractionary effect on GDP, however, so PM Abe in late 2014 decided to postpone the final phase of the increase until April 2017 to give the economy more time to recover. Led by the Bank of Japan’s aggressive monetary easing, Japan is making progress in ending deflation, but demographics - low birthrate and an aging, shrinking population - pose major long-term challenges for the economy.
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Source
: CIA |
BIGBOX CO LTD
REGD NAME: KK
Bic (not Big) Box
MAIN OFFICE: 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: 110 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
SUMMARY: FINANCES FARI A/SALES Yen 850 M
PAYMENTS NO COMPLAINTS CAPITAL Yen 10 M
TREND SLOW WORTH Yen 310 M
STARTED 1986 EMPLOYES 170
BUILDER OF LOG HOUSE, FINLAND
HOUSE, OTHER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: ESTIMATED AT
YEN 15.3 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 110 franchisees nationwide from Hokkaido
to Okinawa. So far built over 7,000
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
850 million, a 15% drop from Yen 1,000 million in the previous term. Due to typhoons & earthquakes in the
Northern Japan, the newbuilding orders decreased, and mostly for reconstruction
or repair of damaged houses. The net
profit was posted at Yen 4 million, compared with Yen 8 million a year ago.
For the current term ending May 2016 the net profit is
projected at Yen 5 million, on a 3% rise in turnover, to Yen 875 million.
The financial situation is considered FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 15.3 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 imported from
North Europe (--100%)
Clients: Franchisees nationwide to municipalities,
corporates, individual consumers, other
No. of
accounts: 110 (franchisees)
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Materials woods
& timbers are imported from North Europe (Finland), other
Payment record: No Complaints
Location:
Business area in Utsunomiya City, Tochigi-Pref.
Office premises at the caption address are owned and maintained
satisfactory.
Mizuho Bank (Utsunomiya)
Ashikaga Bank (Chuo-Ichiba)
Relations: Satisfactory
(In Million Yen)
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Terms Ending: |
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31/05/2016 |
31/05/2015 |
31/05/2014 |
31/05/2013 |
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Annual
Sales |
|
875 |
850 |
1,000 |
1,000 |
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Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
5 |
4 |
8 |
8 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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|
310 |
307 |
301 |
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Capital,
Paid-Up |
|
|
10 |
10 |
10 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
2.94 |
-15.00 |
0.00 |
45.35 |
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Current Ratio |
|
|
.. |
.. |
.. |
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N.Worth Ratio |
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|
.. |
.. |
.. |
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N.Profit/Sales |
|
0.57 |
0.47 |
0.80 |
0.80 |
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/05/2016 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.79 |
|
UK Pound |
1 |
Rs.99.95 |
|
Euro |
1 |
Rs.71.55 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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|
Report Prepared
by : |
TRU |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.