MIRA
INFORM REPORT
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Report Date : |
08.04.2008 |
IDENTIFICATION DETAILS
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Name : |
JUPITOR CORPORATION |
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Registered Office : |
Jupitor Bldg, 3-17-4 Minamiaoyama Minatoku Tokyo 107-0062 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
April 1948 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturer,
Import, Export of Aircrafts Parts and
Components, Other Precision Instruments |
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 239.1 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name & address
JUPITOR CORPORATION
REGD NAME: KK Jupitor Corporation
MAIN OFFICE: Jupitor Bldg, 3-17-4
Minamiaoyama Minatoku Tokyo 107-0062 JAPAN
Tel:
03-3403-1311 Fax: 03-3403-1319
* The given address is its Nagoya Branch at:
Jupitor Nagoya Bldg, 5-25-20 Sakae Nakaku Nagoya 460-0008, as given.
URL: http://www.jupitor.co.jp/
E-Mail address: info@jupitor.co.jp
ACTIVITIES
Mfg, import, export of aircrafts parts & components,
other precision instruments
BRANCHES
Nagoya, Chitose (Hokkaido), Miho (Tottori)
OVERSEAS
Jupitor Corp USA; Sri Lanka
FACTORY(IES)
Futtsu (Chiba)
OFFICER(S)
Kaoru Fujimura, ch
TOSHIKAZU HAMAI, PRES
Toshiyasu Asano, v pres
Tomoo Itoh, mgn dir
Ryoichi Iwasaki, mgn dir
Koichi Saika, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 12,520 M
PAYMENTS REGULAR CAPITAL Yen 110 M
TREND STEADY WORTH Yen 1,804 M
STARTED 1948 EMPLOYES 163
COMMENT
MFR OF AIRCRAFT PARTS, INDUSTRIAL MACHINERY PARTS &
COMPONENTS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 239.1 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Yoshiro Fujimura in order to make most of his experience in the subject line of business. Kaoru is the founder’s son, who was promoted to ch in Jul/2007, when Toshikazu Hamai was elected as pres. This is a mfr integrated with export, import and wholesaling divisions. Mfg products are: measuring instruments, computer peripherals & components, aircraft & airspace apparatus & components, grounding equipment for aircrafts, hydraulic parts, precision machining tools, other, all produced by its Futtsu (Chiba) Factory. The factory also offers repairing, maintenance services for simulators, aircraft apparatus & equipment, etc. The firm imports various parts & components for aircraft/spaceships, hydraulic machinery, electronics, chemicals, testing apparatus, medical equipment, precision machine tools, other industrial machinery & equipment. Its Chitose Branch in Hokkaido has been consigned with inspection, repair & maintenance services for flight simulators it delivered in 1994 to Defense Agency.
FINANCIAL INFORMATION
The sales volume for Mar/2007 fiscal term amounted to Yen 12,520 million, a 38% hike from Yen 9,097 million in the previous term. Rising prices of materials & products helped raise sales in Yen terms. The recurring profit was posted at Yen 369 million and the net profit at Yen 174 million, respectively, compared with Yen 370 million recurring profit and Yen 142 million net profit, respectively, a year ago.
For the term just ended Mar 2008 the recurring profit was projected at Yen 170 million and the net profit at Yen 180 million, respectively, on a 12% rise in turnover, to Yen 14,000 million. Business is seen rising steadily.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 239.1 million, on 30 days normal terms.
REGISTRATION
Date Registered: Apr 1948
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 8 million shares
Issued: 2.2 million shares
Sum: Yen 110 million
Major shareholders (%)
Employees’ S/Holding Assn (29), Kaoru Fujimura (15), Kimi
Fujimura (11)
No. of shareholders: 56
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures & exports measuring instruments, computer-related equipment & components, grounding equipment for aircrafts; imports parts & components for aircraft/air space, electronic machinery, chemicals, testing equipment, meteorological instruments, precision machine tools, medical equipment, others (--100%).
Clients
[Mfrs, government agencies] Mitsubishi Heavy Ind, IHI Corp, Hitachi Ltd, Kawasaki Heavy Ind, ANA, JAL, Toshiba Corp, Aisin Seiki, Fuji Heavy Ind, Defense Agency, Nippi Corp, other
No. of accounts
800
Domestic areas of activities
Nationwide
Suppliers
[Mfrs, wholesalers] Jupitor Corp USA, Seattle Aero Inc, Thompson Training &
Simulation, Fair Child, Unison, Try Electron, Deutsch Japan, other.
Payment record
Regular
Location
Business area in Tokyo. Office premises at the caption address are owned and maintained satisfactorily.
Bank References
MUFG (Omotesando)
Mizuho Bank (Aoyama)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
31/03/2008 |
31/03/2007 |
31/03/2006 |
31/03/2005 |
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Annual
Sales |
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14,000 |
12,520 |
9,097 |
6,872 |
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Recur.
Profit |
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370 |
369 |
370 |
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Net
Profit |
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180 |
174 |
142 |
91 |
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Total
Assets |
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7,938 |
5,746 |
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Current
Assets |
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6,720 |
4,598 |
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Current
Liabs |
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5,733 |
3,779 |
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Net
Worth |
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1,804 |
1,560 |
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Capital,
Paid-Up |
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110 |
110 |
110 |
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Div.P.Share(¥) |
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4.00 |
4.00 |
4.00 |
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<Analytical
Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
11.82 |
37.63 |
32.38 |
1.25 |
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Current Ratio |
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.. |
117.22 |
121.67 |
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N.Worth Ratio |
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22.73 |
27.15 |
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R.Profit/Sales |
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2.64 |
2.95 |
4.07 |
.. |
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N.Profit/Sales |
1.29 |
1.39 |
1.56 |
1.32 |
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Return On Equity |
.. |
9.65 |
9.10 |
.. |
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Notes: Forecast (or estimated) figures for the 31/03/2008 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%)