MIRA INFORM REPORT
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Report Date : |
24.03.2011 |
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Tel. No.: |
81-465-27-3715 |
IDENTIFICATION DETAILS
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Name : |
FEDERAL MOGUL |
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Registered Office : |
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Country : |
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Date of Incorporation : |
July
1997 |
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Com. Reg. No.: |
(Yokohama-Kohokuku) 032695 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale
of automotive-related components; coated electric wire, othe |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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Litigation : |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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
FEDERAL MOGUL
REGD NAME
Federal Mogul
MAIN OFFICE
Tel:
045-479-0220 Fax: 045-478-0431
URL: http://www.federalmogul.com/
E-Mail address: (thru the URL)
ACTIVITIES
Import,
wholesale of automotive-related components; coated electric wire, other
BRANCHES
OFFICER(S)
KOICHI
SATO, PRES
Osamu
Yamazaki, dir
Chitose
Tanioka, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen
2,500 M*
PAYMENTS Unknown CAPITAL Yen
200 M
TREND SLOW WORTH Yen
996 M**
STARTED 1997 EMPLOYES 40
*..
Estimated only.
*..
Figures at 31/12/2007fiscal term
COMMENT
TRADING FIRM SPECIALIZING IN AUTOMOTIVE PARTS, OWNED BY
FEDERAL MOGUL CORP,
FINANCIAL SITUATION CONSIDERED UNDETERMINED DUE TO THE
PROVEN BUSINESS
MAX CREDIT LIMIT: UNABLE TO BE
ASSESSED DUE TO THE ABSENCE OF PROVEN
BUSINESS RECORDS.
HIGHLIGHTS
The subject company
was established by Federal Mogul Corp,
FINANCIAL INFORMATION
Financials are not
disclosed. The firm declined to disclose
them, saying that financials are consolidated by the
The sales volume for
Dec/2010 fiscal term is only estimated at about Yen 2,500 million, a 25% up
from Yen 2,000 million in the previous term, as gathered from outside
sources. But the figures have not been
verified with proven business records.
The rise is understood to be the effects of the recovery in car makers.
Both the financials
situation and business trends are not determined due to the absence of proven
business records. Max credit limit is
unable to be assessed due to the same reason.
REGISTRATION
Date Registered: Jul 1997
Regd No.: (Yokohama-Kohokuku) 032695
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
4,000 shares
Issued: 4,000 shares
Sum: Yen 200 million
Major shareholders (%): Federal Mogul Corp (USA) (100)
Nothing detrimental is known as
to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales automotive/vehicle-related components &
parts (--100%).
(Handling items): pistons, piston rings, pins, power cylinder
systems, valve seats, valve guides & turbocharger bushings, ignition,
bearings, gaskets, thermal & acoustic heat shields, seals, water pumps, oil
pumps, cylinder liners, other (cited from the firm’s website).
Clients: [Automakers, wholesalers] Yazaki Corp, Toyota Motor, Nissan Motor,
Autobacs Seven, Fuji Heavy Ind, Hitachi Cable, Sumitomo Wiring Systems, Toyota
Gosei, other
No. of accounts: 200
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs, wholesalers] Federal Mogul Corp (USA) and group firms, HKT,
Sankei Ind, Unico Corp, Fuji Oozx Inc, other
Payment record: Regular
Location: Business area in
Bank References:
MUFG
(Yokohama-Ekimae)
Bank
of
Relations:
Satisfactory
FINANCES
(In Million Yen)
NOT MADE AVAILABLE.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.96 |
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1 |
Rs.73.57 |
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Euro |
1 |
Rs.63.68 |
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 |
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.