MIRA INFORM REPORT

 

 

Report Date :

27.04.2012

 

IDENTIFICATION DETAILS

 

Name :

FUJI MEDICAL CORPORATION

 

 

Registered Office :

25 Daikyocho Shinjukuku Tokyo 160-0015

 

 

Country :

Japan

 

 

Financials (as on) :

30.09.2011

 

 

Date of Incorporation :

March 1991

 

 

Com. Reg. No.:

5111-01-047449 (Tokyo-Shinjukuku)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of respiratory medical equipment

 

 

No. of Employees :

19

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Japan

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company name

 

FUJI MEDICAL CORPORATION

 

 

REGD NAME

 

KK Fuji Medical

 

 

MAIN OFFICE

 

25 Daikyocho Shinjukuku Tokyo 160-0015 JAPAN

Tel: 03-3356-8377     Fax: 03-3356-8380

 

URL:                 N/A

 

 

ACTIVITIES  

 

Import, wholesale of respiratory medical equipment

 

 

BRANCHES

 

Nil

 

 

OFFICERS

 

YOSHIAKI KURIHARA, PRES

Yoshihiro Mashiko, rep dir

Shuichi Dohi, dir

                       

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY    

 

FINANCES        FAIR                 A/SALES          Yen 500 M

PAYMENTS      REGULAR         CAPITAL           Yen 35 M

TREND             UP        WORTH            Yen 127 M

STARTED         1991                 EMPLOYES      19

 

 

COMMENT    

 

IMPORTER AND WHOLESALER SPECIALIZING IN RESPIRATORY  MEDICAL EQUIPMENT. 

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

 

 

HIGHLIGHTS

           

The subject company was established by Eiko Yokoyama in order to make most of her experience in the subject line of business. And has been succeeded by the present executives.  This is a trading firm specializing in medical equipment, centering in oxygen masks, gas masks, other respiratory medical instruments and supplies.  Goods are imported from USA, Europe, Taiwan, other.   Has solid networks in the medical equipment wholesalers & mfg industries.

 

 

FINANCIAL INFORMATION

 

Financials are only partially disclosed.

 

The sales volume for Sept/2011 fiscal term amounted to Yen 500 million, a 9% up from Yen 460 million in the previous term.  Demand continued steady for gas masks & oxygen masks from the medical industry in the wake of frequent earthquakes, landslides, heavy rain falls hitting Japan.  The net profit is reportedly posted at Yen 17 million, compared with Yen 15 million a year ago.

 

For the current term ending Sept 2012 the net profit is projected at Yen 18 million, on a 4% rise in turnover, to Yen 520 million.  Demand is expected to expand further in the light of ballooning elderly population in Japan.

 

The financial situation is considered maintained FAIR and good for ORDINARY business engagements. 

 

REGISTRATION

 

Date Registered:  Mar 1991

Regd No.:             5111-01-047449 (Tokyo-Shinjukuku)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         2,800 shares

Issued:              700 shares

Sum:                   Yen 35 million

 

Major shareholders (%): Eiko Yokoyama (29.4), Rie Teratani (29.4), Akira Ter- atani (28.6), Mami Yokoyama, Mika Yokoyama (each 6.3) (as is available at this writing)

 

No. of shareholders: 5

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

 

Activities: Imports and wholesales gas masks, oxygen masks, other respiratory    medical equipment and supplies (--100%). 

 

Goods are imported from USA, Europe, Taiwan, etc.

 

Clients: [Pharmaceutical wholesalers, mfrs] Mediseo Medical Co, Yagami Co, MM Corporation, other.

            No. of accounts: 300

            Domestic areas of activities: Centered in greater-Tokyo

 

Suppliers: [Mfrs, wholesalers] Imports from Europe, USA, Taiwan, etc.

 

Payment record: Regular

 

Location: Business area in Tokyo.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

Mizuho Bank (Shinjuku-Shintoshin)

MUFG (Shinjuku-Chuo)

Relations: Satisfactory

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

30/09/2012

30/09/2011

30/09/2010

30/09/2009

Annual Sales

　

520

500

460

450

Recur. Profit

　

　

　

　

　

Net Profit

　

18

17

15

15

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

127

115

104

Capital, Paid-Up

　

　

35

35

35

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

4.00

8.70

2.22

0.00

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

3.46

3.40

3.26

3.33

 

Notes: Financials are only partially disclosed.  Profits were not precisely disclosed and are estimated.

Forecast (or estimated) figures for 30/09/2011 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.57

UK Pound

1

Rs.85.03

Euro

1

Rs.69.56

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.