MIRA
INFORM REPORT
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Report Date : |
12.09.2007 |
IDENTIFICATION DETAILS
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Name : |
FUJI TERMINAL INDUSTRY CO LTD |
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Registered Office : |
3-1-44 Nishihonmachi Nishiku |
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Country : |
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Financials (as on) : |
30.06.2007 |
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Date of Incorporation : |
Jul 1958 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Manufacturing of fuses,
terminals, connectors, testers, tools |
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. |
Small |
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Maximum Credit Limit : |
Yen 78.1 millions |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name
FUJI TERMINAL INDUSTRY CO LTD
REGD NAME
MAIN OFFICE
3-1-44
Nishihonmachi Nishiku
Tel : 06-4391-2770
Fax : 06-4391-2660
URL : http://www.fujiterminal.co.jp/
E-Mail
address: info@fujiterminal.co.jp
ACTIVITIES
Mfg of
fuses, terminals, connectors, testers, tools
BRANCHES
FACTORY(IES)
OVERSEAS
Qingdao Fuji Terminal Industry Co Ltd; Fuji Terminal (H.K.) Co Ltd;
Fuji Terminal (S) Private Ltd (Singapore); Fuji Terminal Taiwan Inc; Fuji
Terminal china Inc (Shanghai); Fuji Terminal Europe (Netherlands); Victory
Policy Shanghai International Trading Co Ltd.
OFFICERS
Kyoichi
Urahama, ch TATSUYA
HONGO, PRES
Toshimasa
Yamada, dir Takuji
Iguchi, dir
Seiji
Furuta, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 3,315 M
PAYMENTS REGULAR CAPITAL Yen 97 M
TREND STEADY WORTH Yen
1,166 M
STARTED 1958 EMPLOYES 86
COMMENT
MFR SPECIALIZING IN TERMINALS AND FUSES. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 78.1 MILLION, 30 DAYS
HIGHLIGHTS
The subject company was established by Shuzo Hongo, grandfather
of Tatsuya Hongo, in order to make
most of his experience in the subject line of business. Specializes in mfg
fuses, terminals, connectors, tools & accessories. In Nov 1986, started importing testers from
FINANCIAL INFORMATION
The sales volume for Jun/2006 fiscal term amounted to Yen 3,315 million, a 7% up from Yen 3,094 million in the previous term. Imports & exports rose. Aided by weaker Yen, too. The recurring profit was posted at 154 million and the net profit at Yen 52 million, respectively, compared with Yen 118 million recurring profit and Yen 67 million net profit, respectively, a year ago. Profits deteriorated due to rising costs of materials and escalating fuel prices.
For the term ended Jun 2007 the net profit was projected at and
believed posted at Yen 55 million, on a 6% rise in turnover, to Yen 3,500
million. Reportedly, business is
steadily expanding in
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 78.1 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Jul 1958
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 780,000 shares
Issued: 195,000 shares
Sum: Yen 97.5 million
Major shareholders (%): Tatsuya Hongo (25), Kyoichi Urahama (16), other
No. of
shareholders: 27
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures and imports fuses, thermal fuses, terminals, connectors, testers, precision tools & accessories, others (--100%).
Goods
are both imported and exported.
Clients: [Electric industries, other mfrs] Okamoto Electronics Corp, Elm Denki Shokai, Sanyo Electric, Mikuni Electric, Sanko Dengyo, Fujii Sangyo Corp, Saida Denki Sangyo, Onishi Denki, Nishimura & Co, other.
No. of
accounts: 800
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Naniwa Kinzoku, Japan Special Metals, CTK, Keiyo Metal Kogyosho, Izumi Products Co, Sanbo Copper Alloy, Yao Seisakusho, other.
Imports
from
Payment
record: Regular
Location: Business area in
Bank References
Resona
Bank (Mikuni)
Bank
of Ikeda (Shin-Osaka)
Relations:
Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
30/06/2007 |
30/06/2006 |
30/06/2005 |
30/06/2004 |
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Annual
Sales |
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3,500 |
3,315 |
3,094 |
3,091 |
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Recur.
Profit |
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160 |
154 |
118 |
145 |
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Net
Profit |
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55 |
52 |
67 |
92 |
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Total
Assets |
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3,417 |
3,400 |
3,427 |
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Current
Assets |
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2,173 |
2,105 |
2,171 |
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Current
Liabs |
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1,526 |
1,428 |
1,651 |
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Net
Worth |
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1,166 |
1,078 |
1,023 |
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Capital,
Paid-Up |
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97 |
97 |
97 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
5.58 |
7.14 |
0.10 |
1.95 |
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Current Ratio |
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142.40 |
147.41 |
131.50 |
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N.Worth Ratio |
.. |
34.12 |
31.71 |
29.85 |
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R.Profit/Sales |
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4.57 |
4.65 |
3.81 |
4.69 |
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N.Profit/Sales |
1.57 |
1.57 |
2.17 |
2.98 |
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Return On Equity |
.. |
4.46 |
6.22 |
8.99 |
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Note:
Forecast (or estimated) for the 30/06/2007 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. |
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%)