MIRA
INFORM REPORT
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Report Date : |
16.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
FUJIMOTO YUKA CO LTD |
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Registered Office : |
7-18-6 Umeda Adachiku Tokyo 123-0851 |
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Country : |
Japan |
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Date of Incorporation : |
Mar 1991 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of lubricating
oils, chemicals |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 5.4 millions |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
name
FUJIMOTO YUKA CO LTD
REGD NAME
Fujimoto Yuka KK
MAIN OFFICE
7-18-6 Umeda Adachiku Tokyo 123-0851 JAPAN
Tel: 03-3849-6381
Fax: 03-3840-5233
URL: http://www.fujimoto-yuka.co.jp
E-Mail address: fujiyuka@d1.dion.ne.jp
ACTIVITIES
Import, wholesale of lubricating oils, chemicals
BRANCHES
Nil
OFFICERS
SHIGEO FUJIMOTO, PRES
Yoko Fujimoto, dir
Setsuo Fujimoto, dir
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 300 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen 70 M
STARTED 1991 EMPLOYES 8
COMMENT
IMPORTER
AND WHOLESALER SPECIALIZING IN LUBRICATING OILS. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 5.4 MILLION, 30 DAYS NORMAL
TERMS. .
HIGHLIGHTS
The subject company was established by Shigeo Fujimoto in order
to make most of his experience in the subject line of business. A trading firm, owned and operated solely
by the Fujimoto family, specializing in import, wholesale of lubricating oils
for various applications. Goods are
imported from DA Stuart Co (USA), other.
Clients include National Defense Forces, heavy machinery mfrs, other,
nationwide.
FINANCIAL INFORMATION
The sales volume for May/2006 fiscal term amounted to Yen 300 million, a 3% up from Yen 290 million in the previous term. Demand increased from government offices and heavy machinery makers, but overall business is seen slacking. The net profit is believed remained similar at Yen 10 million. The firm does not disclose net profits, as is the case with family-based firms. The figures have been estimated.
For the current term ending May 2007 the net profit is
projected at Yen 10 million, on a similar turnover, at Yen 300 million.
The financial situation is considered maintained FAIR and good
for ORDINARY business engagements. Max
credit limit is estimated at Yen 5.4 million, on 30 days normal terms.
REGISTRATION
Date Registered: Mar
1991
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800
shares
Issued: 200
shares
Sum: Yen
10 million
Major shareholders (%): Shigeo Fujimoto & families (--100)
No. of shareholders: 7
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Imports and wholesales lubricating oils, grease
& other chemicals (--100%).
(Handling items): lubricant & grease for aircraft &
aerospace, for ships & marine industries, for ammunitions, for metal
processing, for food mfg machinery & equipment, synthetic grease, synthetic
lube oils, corrosion-resistant paint, paints & sealant removers, other.
Clients: [Governments, heavy machinery mfrs] Self Defense Forces, Sumitomo Heavy Ind, Ishikawajima-Harima Heavy Ind, other.
No. of accounts: 100
Domestic areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Mitsui & Co, Nippon Oil,
other. Imports from DA Stuart Co (USA),
other.
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are owned and maintained
satisfactorily.
Bank References
SMBC (Senju)
Relations: Satisfactory.
FINANCES
(In Million Yen)
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Terms Ending: |
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31/05/2007 |
31/05/2006 |
31/05/2005 |
31/05/2004 |
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Annual
Sales |
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300 |
300 |
290 |
300 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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10 |
10 |
10 |
10 |
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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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70 |
60 |
50 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
0.00 |
3.45 |
-3.33 |
0.00 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
3.33 |
3.33 |
3.45 |
3.33 |
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Note: Financials are only partially disclosed.
Forecast (or estimated) for the 31/05/2007 fiscal term.
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%)