MIRA
INFORM REPORT
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Report Date : |
13.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
FST CO LTD |
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Registered Office : |
Maeda Bldg 2F, 2-63-15 Higashi-Ikebukuro Toshimaku Tokyo 170-0013 |
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Country : |
Japan |
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Date of Incorporation : |
Oct 2002 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of filtration &
separation equipment |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
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name
FST CO LTD
REGD NAME
KK F.S.T.
MAIN OFFICE
Maeda Bldg 2F, 2-63-15 Higashi-Ikebukuro Toshimaku Tokyo 170-0013 JAPAN
Tel: 03-5958-5091
Fax: 03-5958-5092
URL: N/A
ACTIVITIES
Import, wholesale of filtration & separation equipment
BRANCHES
Nil
FACTORY(IES)
Shanghai (subcontracted)
OFFICERS
FUSAO SODA, PRES
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 70 M
PAYMENTS REGULAR CAPITAL Yen 15 M
TREND STEADY WORTH Yen 35 M
STARTED 2002 EMPLOYES 2
COMMENT
TRADING
FIRM SPECIALIZING IN FILTRATION & SEPARATION SYSTEMS. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 1 MILLION, 30 DAYS, RECOMMENDING SECURED
TERMS ON NEW TRANSACTIONS.
HIGHLIGHTS
The subject company was established by Fusao Soda in order
to make most of his previous experience as technical engineer. A one-man operated company specializing in
import and wholesale of filtration & separation equipment. Parts and components are imported from
subcontracted factory in Shanghai, other, and assembled in Japan. Offers technological assistance, too. Clients are local mfrs.
FINANCIAL INFORMATION
Financials are not disclosed. No other databases can provide data. All figures and information herein have been given from Fusao Soda himself.
The
sales volume for Sept/2006 fiscal term amounted to Yen 70 million, a 3% up from
Yen 68 million in the previous term.
The net profit was posted at Yen 5 million, F Soda says.
For the current term ending Sept 2007 the net profit is
projected at Yen 6 million, on a 3% rise in turnover, to Yen 72 million.
The financial situation is considered maintained FAIR and good
for ORDINARY business engagements. Max
credit limit is estimated at Yen 1 million, for 30 days, we recommend secured
terms on new transactions. This is due
to the financials only professed by the firm and not verified by other
sources.
REGISTRATION
Date Registered: Oct
2002
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 1,200
shares
Issued: 300
shares
Sum: Yen
15 million
Major shareholders (%): Fusao
Soda (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: Imports and wholesales filtration and separation
equipment & systems (--100%).
Imports parts & components from USA, Germany, UK, China,
etc, for assembly in Japan. Has a
subcontracted factory in Shanghai.
Clients: Mfrs, wholesalers, other
No. of accounts: 100
Domestic areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Imports from USA, Germany,
UK, China, other.
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
Sugamo Shinkin Bank (H/O)
Mizuho Bank (Ikebukuro)
Relations: Money deposits and transfers only.
FINANCES
(In Million Yen)
NOT OPENLY
DISCLOSED.
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)