MIRA INFORM REPORT
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Report Date : |
20.12.2011 |
IDENTIFICATION DETAILS
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Name : |
FUKUHARA INDUSTRIAL & TRADING CO LTD |
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Registered Office : |
6-14 Kitahama-Higashi Chuoku Osaka
540-0031 |
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Country : |
Japan |
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Financials (as on) : |
31.05.2011 |
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Date of Incorporation : |
August 1938 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of circular knitting machines
& equipment |
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No. of Employees
: |
48 persons |
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 336.1 Million |
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Status : |
Good |
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Payment
Behaviour : |
Regular |
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Litigation : |
---- |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Japan |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name
FUKUHARA INDUSTRIAL & TRADING CO LTD
REGD NAME
Fukuhara Sangyo
Boeki KK
MAIN OFFICE
6-14 Kitahama-Higashi
Chuoku Osaka 540-0031JAPAN
Tel:
06-6943-0696 Fax: 06-6941-1703
URL: http://www.fukuhara.co.jp
E-Mail
address: dp@fukuhara.co.jp
ACTIVITIES
Import,
export, wholesale of circular knitting machines & equipment
BRANCHES
Nil
OVERSEAS
China
FACTORIES
Fukuhara
Seiki Seisakusho (subsidiary maker)
OFFICERS
SATOSHI
UEMURA, PRES Wataru
Fujisawa, dir
Masanori
Fukuhara, dir Masafumi
Katahira, dir
Yoshiyasu
Arai, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 5,916 M
PAYMENTS REGULAR CAPITAL Yen 72 M
TREND SLOW WORTH Yen 13,151 M
STARTED 1938 EMPLOYES 48
COMMENT
TRADING FIRM SPECIALIZING IN CIRCULAR KNITTING MACHINES.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 336.1 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established originally in 1923 by Yusuke Fukuhara for importing knitting machines, on his own. Incorporated in 1938 the firm has been succeeded by his descendants. This is a trading firm, with mfg division, for import, export and wholesale of circular knitting machines & equipment, their parts & components. Products are manufactured by subsidiaries: Precision Fukuhara Works Ltd (machines & equipment), and Fukuhara Needle Co Ltd (needles, parts & components). Goods are exported to China, S/E Asia, Europe, USA, other
FINANCIAL INFORMATION
The sales volume for May/2011 fiscal term amounted to Yen 5,916 million, a 4% up from Yen 4,756 million in the previous term. Exports to China rose, and to S/E Asia via China increased. The operations, however, plunged into the red to register Yen 151 million recurring loss and Yen 147 million net losses, respectively, compared with Yen 72 million net profit a year ago.
For the current term ending May 2012 the operations are projected to come back to profitability to post Yen 50 million recurring profit and Yen 50 million net profit, respectively, on a 3% rise in turnover, to Yen 6,100 million. Exports continue rising.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 336.1 million, on 30 days normal terms.
REGISTRATION
Date Registered: Aug 1938
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
576,000 shares
Issued:
145,152 shares
Sum: Yen 72,576,000.00
Major shareholders (%): Employees’ S/Holding Assn (70),
Yanmar Co (6), Satoshi Uemura (3)
No. of shareholders: 176
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, exports and wholesales circular knitting machines, equipment, parts & components (--100%)
Clients: [Mfrs, wholesalers] Fukuhara Technique Shanghai (75%), Itochu Sys Tec Corp (25%), Monarch UK, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers: [Mfrs] Precision Fukuhara Works (75%), Fukuhara Needle Co (20%), Memminger-IRO (2%), other
Payment record: Regular
Location: Business area in Osaka. Office premises at the caption address are owned and maintained satisfactorily.
Bank References:
· MUFG (Osaka-Chuo)
· SMBC (Osaka-Chuo)
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
31/05/2012 |
31/05/2011 |
31/05/2010 |
31/05/2009 |
|
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Annual
Sales |
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6,100 |
5,916 |
5,708 |
4,756 |
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Recur.
Profit |
|
50 |
-151 |
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Net
Profit |
|
50 |
-147 |
72 |
-143 |
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Total
Assets |
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13,925 |
14,615 |
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Current
Assets |
|
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12,191 |
13,818 |
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Current
Liabs |
|
|
569 |
1,083 |
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Net
Worth |
|
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13,151 |
13,320 |
13,248 |
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Capital,
Paid-Up |
|
|
72 |
72 |
72 |
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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 |
3.11 |
3.64 |
20.02 |
-55.84 |
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Current Ratio |
|
.. |
2,142.53 |
1,275.90 |
.. |
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N.Worth Ratio |
.. |
94.44 |
91.14 |
.. |
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R.Profit/Sales |
|
0.82 |
-2.55 |
.. |
.. |
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N.Profit/Sales |
0.82 |
-2.48 |
1.26 |
-3.01 |
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Return On Equity |
.. |
-1.12 |
0.54 |
-1.08 |
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Notes:
Forecast (or estimated) figures for the 31/05/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.52.96 |
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UK Pound |
1 |
Rs.82.04 |
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Euro |
1 |
Rs.68.91 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.