MIRA INFORM
REPORT
|
Report Date : |
03.04.2008 |
IDENTIFICATION
DETAILS
|
Name : |
LUKIO CO LTD |
|
|
|
|
Registered Office : |
7-22-8 Okusawa Setagayaku Tokyo 158-0083 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.05.2007 |
|
|
|
|
Date of Incorporation : |
August 1994 |
|
|
|
|
Legal Form : |
Limited Company (Kabushiki Kaisha) |
|
|
|
|
Line of Business : |
Import, Wholesale of Large-Size
Ink-Jet Printers |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Maximum Credit Limit : |
YEN 5.8 Million |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Regular |
name & address
LUKIO CO LTD
REGD NAME: KK Lukio
MAIN OFFICE: 7-22-8 Okusawa
Setagayaku Tokyo 158-0083 JAPAN
Tel:
03-5433-0663 Fax: 03-5433-0664
* Moved the caption address in Nov 2007 when completed its Office Building from the former at: 2-25-13 Daizawa Setagayaku Tokyo, as given.
E-Mail address: I_sales@lukio.com
ACTIVITIES
Import, wholesale of large-size
ink-jet printers
BRANCHES
Nil
FACTORY(IES)
Yoga (Setagayaku) (Show room)
Saitama (--warehousing & distribution centers)
OFFICER(S)
SHOGO FURUYA, PRES
Toshiko Furuya, dir
Yoshikazu Shima, dir
Yen Amount
In million Yen, unless otherwise
stated
SUMMARY
FINANCES FAIR A/SALES Yen 834 M
PAYMENTS REGULAR CAPITAL Yen 50 M
TREND STEADY WORTH Yen 74 M
STARTED 1994 EMPLOYES 11
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN LARGE-SIZE INKJET PRINTERS. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 5.8 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by Shogo Furuya in order to make most of his experience in the subject line of business. Originally named Optec-Larry Art Co Ltd, in tie-up with Optec Co Ltd, then changed to Nexus Co Ltd in Jul 1977, and to the captioned name in Sept 1999. Originally started importing and selling large printers and computers. Now handles wide format & super wide format digital printers as main items. In Dec 1999 started sales of NUR Microcomputers’ products. Then in May 2001 imports started from DGI (Korea). In Mar 2003, obtained agency agreement from Candi Innovation (Canada); in Oct 2004 started selling products of Ritrama UK. In Mar 2007 started selling its own brand “Lukio Jet 25245) printer, when capital increased to Yen 50 million from the former Yen 30 million. In Nov 2007, construction of own building completed at the caption address and moved the headquarters there. The firm also handles billboard sign sheets, marking sheets, mesh sheets, tarpaulin FF sheets, etc, with well entry into billboard sign mfrs & printing firms. It also offers maintenance & repairing services nationwide. Clients include inkjet printing firms, billboard sign printing firms, other.
FINANCIAL INFORMATION
The sales volume for May/2007 fiscal term amounted to Yen 834 million, a 6% up from Yen 785 million in the previous term. This is thanks to the expansion of clients into advertising firms, plus the maintenance & repairing services grew. The recurring profit was posted at Yen 14 million and the net profit at Yen 9 million, respectively, compared with Yen 8 million recurring profit and Yen 4 million net profit, respectively, a year ago.
For the current term ending May 2008 the recurring profit is projected at Yen 15 million and the net profit at Yen 10 million, respectively, on a 5% rise in turnover, to Yen 875 million. The new original brand product will contribute to sales growth.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 5.8 million, on 30 days normal terms.
REGISTRATION
Date Registered: Aug 1994
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 4,000 shares
Issued: 1,000 shares
Sum: Yen 50 million
Major shareholders (%)
Shogo Furuya (80), Yoshikazu Shima (20)
No. of shareholders: 2
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales wide format & super wide format digital inkjet printers & presses, UV-cured ink flatbed printers, billboard sign sheets, marking sheets, mesh sheets, tarpaulin FF sheets, other related products, including printers’ consumable supplies & equipment (--100%).
Products are centrally imported, with partial supply from domestic suppliers.
Started selling original brand printer “Lukio Jet 25245” from Mar/2007.
Clients
[Drafting equipment mfrs, film mfrs, wholesalers] Toya Senryou Shoten (large-format ink jet printing), Kimoto Co, A-Zett Kikaku, Daido Co, Haramachi Sign, other.
No. of accounts
500
Domestic areas of activities
Nationwide
Suppliers
[Mfrs, wholesalers] Gandinnovations (Canada), DGI (Korea & Taiwan), NUR Microcomputers (USA), Ritrama, Super Wide, Lintec Corp, Dilli, other.
Payment record
Regular
Location
Business area in Tokyo. Office premises at the caption address are owned and maintained satisfactorily.
Bank References
SMBC (Setagaya)
MUFG (Sangenjaya)
Relations: Satisfactory
FINANCES: (In Million Yen)
|
Terms Ending: |
31/05/2008 |
31/05/2007 |
31/05/2006 |
31/05/2005 |
|
|
Annual
Sales |
|
875 |
834 |
785 |
508 |
|
Recur.
Profit |
|
15 |
14 |
8 |
5 |
|
Net
Profit |
|
10 |
9 |
4 |
3 |
|
Total
Assets |
|
|
654 |
624 |
369 |
|
Current
Assets |
|
|
526 |
602 |
360 |
|
Current
Liabs |
|
|
183 |
86 |
97 |
|
Net
Worth |
|
|
74 |
44 |
40 |
|
Capital,
Paid-Up |
|
|
50 |
30 |
30 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.92 |
6.24 |
54.53 |
25.74 |
|
|
Current Ratio |
|
.. |
287.43 |
700.00 |
371.13 |
|
N.Worth Ratio |
.. |
11.31 |
7.05 |
10.84 |
|
|
R.Profit/Sales |
|
1.71 |
1.68 |
1.02 |
0.98 |
|
N.Profit/Sales |
1.14 |
1.08 |
0.51 |
0.59 |
|
|
Return On Equity |
.. |
12.16 |
9.09 |
7.50 |
|
Notes: Forecast (or estimated) figures for the 31/05/2008
fiscal term.
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)