MIRA INFORM REPORT
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Report Date : |
17.11.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
JFC INC
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Registered Office : |
No. 21 Matsubara Bldg 8F, 1-10-1 Edobori
Nishiku Osaka 550-0002 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
March 2003 |
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Com. Reg. No.: |
(Osaka-Nishiku) 103870 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, Export, Wholesale of plastic materials, resin
products, gum products |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Maximum Credit Limit : |
Yen 3.3 Million |
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Status : |
Poor |
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Payment
Behaviour : |
Slow |
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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
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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
JFC INC
(This is the correct corporate title)
REGD NAME
JFC KK
MAIN OFFICE
No. 21 Matsubara Bldg
8F, 1-10-1 Edobori Nishiku Osaka 550-0002 JAPAN
Tel:
06-6445-5454 Fax: 06-6445-5464
E-Mail address: info@jfc-inc.jp
ACTIVITIES
Import,
export, wholesale of plastic materials, resin products, gum products
BRANCHES
Nil
FACTORIES
China
(subsidiary maker)
OFFICERS
YOSHIO
HOSONO, PRES Tohru
Imai, dir
Akira
Kamata, dir Takeshi
Yamamoto
Yen
Amount: In million Yen, unless otherwise
stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 180 M
PAYMENTS slow CAPITAL Yen
20 M
TREND SLOW WORTH Yen
48 M
STARTED 2003 EMPLOYES 6
COMMENT
TRADING FIRM SPECIALIZING IN PLASTIC MATERIALS.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE
GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 3.3 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Yoshio Hosono in order to make
most of his experience in the subject line of business. This is a trading firm specializing in
import, export and wholesale of plastic materials, gum materials, synthetic
resins, other (See OPERATION). Goods are
more exported than imported. The firm
was sales agent of PVC foam, manufactured by Kaneka Corp, but the agency was
terminated, and switched the making of own brand to Chinese Factory. Domestic clients include major heavy
machinery mfrs, wholesalers, other.
FINANCIAL INFORMATION
Financial are only partially disclosed.
The sales volume for Mar/2011 fiscal term amounted to Yen 180 million, a
55% decline from Yen 400 million in the previous term. This is referred to the said termination of
sales agency agreement with Kaneka Corp.
The net profit was posted at Yen 3 million, compared with Yen 7 million
a year ago.
For the current term ending Mar 2012 the net profit is projected at Yen
3 million, on a 6% rise in turnover, to Yen 190 million. Production of PVC foam at Chinese Factory
will increase.
The financial situation is considered RATHER WEAK but should be good for
MODERATE business engagements. Max
credit limit is estimated at Yen 3.3 million, on 30 days normal terms.
REGISTRATION
Date Registered: Mar 2003
Regd No.: (Osaka-Nishiku) 103870
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
1,600 shares
Issued: 400 shares
Sum: Yen 20 million
Major shareholders (%): Yoshio Hosono (100)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, exports
and wholesales plastic materials, gum materials, resin products, other
industrial chemicals (--100%)
(Plastic
materials): foam hard polyvinylchloride, excluded foam polystyrene, foam
polystyrene, polyurethane form (hard/soft), polyethylene terephthalate, other
Clients: [Mfrs,
wholesalers] Mitsubishi Heavy Ind, Universal Shipbuilding Corp, Japan Steel
Works, other.
Exports to China, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Yamato Mfg Co, Hiroki Giken Co, Nissei Shear Line Co, other.
Imports from China, other
Location: Business area in
Osaka. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
·
Yamaguchi Bank (Osaka)
·
Resona Bank (Umeda)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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190 |
180 |
400 |
500 |
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Recur.
Profit |
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Net
Profit |
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3 |
3 |
7 |
2 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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48 |
45 |
38 |
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Capital,
Paid-Up |
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20 |
20 |
20 |
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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 |
5.56 |
-55.00 |
-20.00 |
0.00 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
1.58 |
1.67 |
1.75 |
0.40 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.90 |
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UK Pound |
1 |
Rs.80.30 |
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Euro |
1 |
Rs.68.48 |
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.