MIRA INFORM
REPORT
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Report Date : |
02.06.2011 |
IDENTIFICATION DETAILS
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Name : |
YUPITERU CORPORATION |
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Registered Office : |
4-12-33 Shibaura Minatoku Tokyo 108-0023 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
October 1970 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of GPS, Radar Detectors |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Yen 278.8 Million |
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Status : |
Satisfactory |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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
YUPITERU CORPORATION
REGD NAME
KK Yupiteru
MAIN OFFICE
4-12-33 Shibaura
Minatoku Tokyo 108-0023 JAPAN
Tel:
03-3769-2500 Fax: 03-3455-3751
URL: www.yupiteru.co.jp
E-mail: info@yupiteru.co.jp
ACTIVITIES
Mfg of
GPS, radar detectors, other
BRANCHES
Sapporo,
Sendai, Saitama, Nagoya, Kanazawa, Osaka, Takamatsu, Hiroshima, Fukuoka
FACTORIES
Okazaki
OFFICER(S)
NORIHIRO
ANRAKU, PRES
Hisao Ono, s/mgn dir
Sadayoshi Endo, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 9,660 M
PAYMENTS REGULAR CAPITAL Yen 385 M
TREND SLOW WORTH Yen
2,639 M
STARTED 1970 EMPLOYES 223
COMMENT
MFR OF
GPS & WIRELESS RADIO SYSTEMS
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX
CREDIT LIMIT: YEN 278.8 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Norihiko Anraku in order to make
most of his experience in the subject line of business. Specializes in mfg GPS: wireless radio
systems, radar detector, other (See OPERATION). Clients are car parts & accessories dealers
nationwide.
FINANCIAL INFORMATION
The sales volume for Mar/2010 fiscal term amounted to Yen 9,660 million,
an 11% down from Yen 10,898 million in the previous term. The operations came back to profitability to
post Yen 346 million recurring profit and Yen 265 million net profit,
respectively, compared with Yen 490 net losses a year ago ago. .
For the term that ended Mar 2011 the recurring profit was projected at
Yen 340 million and the net profit at Yen 260 million respectively, on a 9 rise
in turnover, to Yen 10,500 million.
Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 278.8 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Oct 1970
Legal
Status: Limited Company (Kabushiki Kaisha)
Authorized: 285,000
shares
Issued: 285,000 shares
Sum: Yen 385 million
Major shareholders (%): Norihiko Anraku (33), Hisao Ono
(13), Satoru Nakanishi (5), Tadahiro Kanazawa (5)
No. of shareholders: 30
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures
wireless radio systems, GPS, radar detectors, other (--100%)
(Mfg items): radar detectors,
portable navigation device, engine starter (answer-back type, one-way type),
auto key-less systems, transceiver, scanner, cordless interphone, multi-band
receiver, golf-head speed tester, DC/AC inverter, tel-control engine starter,
micro wave sensors, wireless circuit module, earthquake prediction information
systems, other
Clients: [Car accessory
dealers, wholesalers] Autoback Seven (20%), Yellow Hut, Empire Motors, DX
Antenna, Denso Corp, Tacti Corp, Auto RS, Faltec Co, Okada Corp, Chuhatsu
Hambai, other
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Mitachi Co, Ito Electronics (20, Kaga Electronics, Toyo
Kizai, Kanda Electronics Ind, Nakahara (20%) Jushi Ind, Okamoto
Electronics Corp, Sa
nyuu Co, Faltec Co, Taiho Denshi Co, other.
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
SMBC
(Mitadori)
Mizuho
Bank (Shiba)
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
31/03/2011 |
31/03/2010 |
31/03/2009 |
31/03/2008 |
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Annual
Sales |
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10,500 |
9,660 |
10,898 |
10,817 |
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Recur.
Profit |
|
340 |
346 |
-431 |
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Net
Profit |
|
260 |
265 |
-490 |
16 |
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Total
Assets |
|
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5,303 |
5,533 |
5,973 |
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Current
Assets |
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3,624 |
3,699 |
3,947 |
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Current
Liabs |
|
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1,556 |
1,522 |
1,415 |
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Net
Worth |
|
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2,639 |
2,373 |
2,853 |
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Capital,
Paid-Up |
|
|
385 |
385 |
385 |
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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 |
8.70 |
-11.36 |
0.75 |
3.06 |
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Current Ratio |
|
.. |
232.90 |
243.04 |
278.94 |
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N.Worth Ratio |
.. |
49.76 |
42.89 |
47.76 |
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R.Profit/Sales |
|
3.24 |
3.58 |
-3.95 |
.. |
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N.Profit/Sales |
2.48 |
2.74 |
-4.50 |
0.15 |
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Return On Equity |
.. |
10.04 |
-20.65 |
0.56 |
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Notes:
Forecast (or estimated) figures for the 31/03/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.89 |
|
UK Pound |
1 |
Rs.73.85 |
|
Euro |
1 |
Rs.64.76 |
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.