MIRA
INFORM REPORT
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Report Date : |
30th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
FUJI
TRADING CO LTD |
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Registered Office : |
3-11-14
Toyosaki Kitaku Osaka 531-0072, Japan |
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Country : |
Japan |
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Financials (as on) : |
31.08.2007
(Estimated) |
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Date of Incorporation : |
August
1995 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Export of steel products |
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 117.3 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name
FUJI
TRADING CO LTD
REGD NAME
Fuji
Koeki KK
MAIN OFFICE
3-11-14
Toyosaki Kitaku Osaka 531-0072 JAPAN
Tel : 06-6359-6908
Fax : 06-6359-6909
URL : N/A
ACTIVITIES
Export of steel products
BRANCHES
Osaka (building to let)
OFFICERS
TOSHIHIRO YAMANE, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 4,000 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen 418 M
STARTED 1995 EMPLOYES 10
COMMENT
TRADING FIRM SPECIALIZING IN STEEL PRODUCTS. FINANCIAL SITUATION
CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 117.3 MILLION, 30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The subject company was established by Toshihiro Yamane in order
to make most of his experience in
foreign trading. This is a trading
house specializing in steel plates, steel rods, and other steel products. Goods are exported to S/E Asian countries,
Mid East, & Oceania.
FINANCIAL INFORMATION
The sales volume for Aug/2006 fiscal term amounted to Yen 4,000
million, a 41% down from Yen 6,780 million in the previous term. This is refereed to the lost of one large
client. The net profit decreased to Yen
53 million, down from Yen 138 million the previous year,
For the current term ending Aug 2007 the net profit is projected
at Yen 180 million, on a 50% rise in turnover, to Yen 6,000 million.
The financial situation is considered ^ and good for ^ business
engagements. Max credit limit is
estimated at Yen ^ million, on 30 days normal terms.
REGISTRATION
Date Registered : Aug 1995
Legal Status :
Limited Company (Kabushiki Kaisha)
Authorized :
800 shares
Issued :
200 shares
Sum :
Yen 10 million
Major shareholders (%)
Toshihiro Yamane and families (--100)
No. of shareholders
3
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Trading firm specializing in export, import, wholesale
of steel plates, steel sheets, steel pipes, steel rods, other steel products
(--100%).
Goods are exported to Hong Kong, Taiwan, China, Mid East,
Australia, New Zealand, other S/E Asian countries.
Clients
[Mfrs, wholesalers] Exports to Taiwan, Hong Kong, China, Mid East,
Australia,
No. of accounts
300
Domestic areas of activities
Nationwide
Suppliers
[Mfrs, wholesalers] Takei Kozai, Kusano Sangyo, Harada Kogyo,
Sujifuji Steel Service, other.
Payment record
Regular
Location
Business area in Osaka.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
Resona Bank (Umeda)
SMBC (Umeda)
Relations: Satisfactory.
FINANCES
(In
Million Yen)
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Terms Ending: |
31/08/2007 |
31/08/2006 |
31/08/2005 |
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Annual
Sales |
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6,000
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4,000
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6,780
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Recur.
Profit |
(*) |
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227 |
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Net
Profit |
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180 |
53 |
138 |
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Total
Assets |
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3,121
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Current
Assets |
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2,010
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Current
Liabs |
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2,023
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Net
Worth |
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418 |
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Capital,
Paid-Up |
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10 |
10 |
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<Analytical
Data> |
(%) |
(%) |
(%) |
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S.Growth Rate |
50.00
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-41.00
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Current Ratio |
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99.36
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N.Worth Ratio |
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13.39
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R.Profit/Sales |
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.. |
.. |
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N.Profit/Sales |
3.00 |
1.33 |
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Return On Equity |
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12.68
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Note: Forecast (or
estimated) for the 31/08/2007 fiscal term.
(*) Pretax profits
disclosed from the Taxation Office.
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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