MIRA INFORM REPORT
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Report Date : |
20.05.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
FUJI XEROX MANUFACTURING CO LTD |
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Registered Office : |
2274 Hongo Ebina City Kanagawa-Pref
243-0417 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
January 2010 |
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Com. Reg. No.: |
(Kanagawa-Ebina) 030783 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of copy printers, toners, other |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Maximum Credit Limit : |
Yen 21,201.5 Million |
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Status : |
New Company |
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Payment
Behaviour : |
Unknown |
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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
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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
FUJI XEROX
MANUFACTURING CO LTD
REGD NAME
Fuji Xerox
Manufacturing KK
MAIN OFFICE
2274 Hongo Ebina
City Kanagawa-Pref 243-0417
Tel:
046-237-2611 Fax: 046-237-1410
*.. The given address is its Suzuka Plant
E-Mail address: (thru the URL)
ACTIVITIES
Mfg of
copy printers, toners, other
BRANCHES
Osaka
FACTORIES
Suzuka,
Kanagawa, Toyama, Niigata
OFFICERS
HIROSHI
FUJIWARA, PRES Shuji
Matsumoto, s/mgn dir
Kazuo Maruyama, mgn dir Tamotsu Sakamoto, dir
Sachio Matsumoto, direr
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 90,000 M*
PAYMENTS Unknown CAPITAL Yen 100 M
TREND UNDETD WORTH Yen
100 M**
STARTED 2010 EMPLOYES 1,356
*.. Estimated figures
only; **.. Expressed by the paid-in capital
COMMENT
MFG COMPANY, OWNED BY FUJI XEROX CO LTD.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: UNABLE TO BE ASSESSED DUE TO THE LACK OF PROVEN BUSINESS.
MAX CREDIT LIMIT OF THE PARENT, FUJI XEROX CO LTD, IS ESTIMATED AT YEN 21,201.5 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established on the basis of three
mfg divisions of Fuji Xerox Co Ltd (See REGISTRATION)
merged into one in order to streamline operations. Specializes in mfg copy printers, toners,
other accessories. Operates four
plants. Goods are wholly shipped to the
parent, Fuji Xerox Co Ltd.
FINANCIAL INFORMATION
The sales volume for Mar/2011 fiscal term was targeted at Yen 90,000 million, with a break-even net profit basis. The figures are target only, not taking into consideration of damages/loss as affected by the North Japan Earthquake. Final results are yet to be released.
For the current term ending Mar 2012 the firm says that sales of Yen 32,600 million were secured for the Apr/Jun 2011 period sales. By this the sales for the full year will expand further.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is unable to be assessed due to the lack of proven business records. The credit limit of the parent, Fuji Xerox Co Ltd, is estimated at Yen 21,201.5 million, on 30 days normal terms.
REGISTRATION
Date Registered: Jan 2010
Regd No.: (Kanagawa-Ebina)
030783
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
8,000 shares
Issued:
2,000 shares
Sum: Yen 100 million
Major shareholders (%): Fuji Xerox Co Ltd* (100)
*.. Leading mfr of copier, Tokyo, founded 1962, capital Yen 20,000 million, sales Yen 943,540 million, operating profit Yen 23,959 million, recurring profit Yen 20,198 million, net loss Yen 3,177 million, total assets Yen 821,906 million, net worth Yen 402,053 million, employees 40,228, pres Tadahito Yamamoto Consolidated Financials are attached (See SUPPLEMENTS)
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures copying machines, toners, other accessories (--100%)
Clients: [Mfr] Wholly shipped to the parent, Fuji Xerox Co Ltd
No. of accounts: 1
Domestic areas of activities: Nationwide
Location: Business area in Ebina City, Kanagawa-Pref. Office premises at the caption address are owned and maintained satisfactorily.
Bank References:
SMBC
(Yokohama)
MUFG
(Yokohama)
Relations:
Satisfactory
FINANCES
(In Million Yen)
NOT
MADE AVAILABLE
SUPPLEMENTS
CONSOLIDATED FINANCIALS OF THE PARENT,
FUJI XEROX CO LTD
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FINANCES: (Consolidated
in million yen) |
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Terms Ending: |
31/03/2010 |
31/03/2009 |
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INCOME STATEMENT |
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Annual Sales |
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943,540 |
1,088,468 |
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Cost of Sales |
520,099 |
607,993 |
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GROSS PROFIT |
423,441 |
480,475 |
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Selling & Adm Costs |
399,481 |
427,789 |
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OPERATING PROFIT |
23,959 |
52,685 |
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Non-Operating P/L |
-3,761 |
-11,123 |
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RECURRING PROFIT |
20,198 |
41,562 |
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NET PROFIT |
-3,177 |
16,857 |
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BALANCE SHEET |
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Cash |
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44,954 |
47,914 |
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Receivables |
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221,219 |
212,212 |
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Inventory |
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68,150 |
74,348 |
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Securities, Marketable |
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Other Current Assets |
52,027 |
56,242 |
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TOTAL CURRENT ASSETS |
386,350 |
390,716 |
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Property & Equipment |
218,304 |
205,759 |
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Intangibles |
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71,387 |
86,161 |
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Investments, Other Fixed Assets |
145,865 |
135,958 |
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TOTAL ASSETS |
821,906 |
818,594 |
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Payables |
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80,814 |
72,910 |
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Short-Term Bank Loans |
11,685 |
18,343 |
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Other Current Liabs |
175,847 |
180,938 |
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TOTAL CURRENT LIABS |
268,346 |
272,191 |
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Debentures |
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8,000 |
18,000 |
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Long-Term Bank Loans |
117,129 |
101,966 |
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Reserve for Retirement Allw |
9,427 |
12,765 |
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Other Debts |
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16,951 |
12,789 |
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TOTAL LIABILITIES |
419,853 |
417,711 |
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MINORITY INTERESTS |
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Common
stock |
20,000 |
20,000 |
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Additional
paid-in capital |
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Retained
earnings |
401,712 |
407,477 |
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Evaluation
p/l on investments/securities |
357 |
106 |
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Others |
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(20,016) |
(26,701) |
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Treasury
stock, at cost |
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TOTAL S/HOLDERS` EQUITY |
402,053 |
400,882 |
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TOTAL EQUITIES |
821,906 |
818,954 |
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CONSOLIDATED CASH FLOWS |
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Terms ending: |
31/03/2010 |
31/03/2009 |
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Cash
Flows from Operating Activities |
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98,320 |
120,872 |
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Cash
Flows from Investment Activities |
-70,957 |
-91,175 |
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Cash
Flows from Financing Activities |
-29,937 |
-26,574 |
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Cash,
Bank Deposits at the Term End |
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44,967 |
47,768 |
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ANALYTICAL RATIOS Terms ending: |
31/03/2010 |
31/03/2009 |
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Net
Worth (S/Holders' Equity) |
402,053 |
400,882 |
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Current
Ratio (%) |
143.97 |
143.54 |
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Net
Worth Ratio (%) |
48.92 |
48.95 |
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Recurring
Profit Ratio (%) |
2.14 |
3.82 |
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Net
Profit Ratio (%) |
-0.34 |
1.55 |
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Return
On Equity (%) |
-0.79 |
4.20 |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.98 |
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UK Pound |
1 |
Rs.72.68 |
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Euro |
1 |
Rs.64.16 |
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.