|
Report Date : |
30.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
FOR-A COMPANY LTD |
|
|
|
|
Registered Office : |
3-8-1 Ebisu Shibuyaku Tokyo 150-0013 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
30.09.2011 |
|
|
|
|
Com. Reg. No.: |
0110-01-030263
(Tokyo Shibuyaku) |
|
|
|
|
Date of Incorporation : |
October 1971 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Manufacturer
of broadcast & video equipment |
|
|
|
|
No. of Employees : |
220 employees |
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 : |
No Complaints |
|
Litigation : |
Clear |
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 |
FOR-A COMPANY LTD
KK Hoei
3-8-1 Ebisu
Shibuyaku Tokyo 150-0013 JAPAN
Tel:
03-3446-3121 Fax: 03-3446-4451
E-Mail address: info@for-a.co.jp
Mfg of
broadcast & video equipment
Sakura,
Sapporo, Osaka, Sendai, Nagoya, Hiroshima, Fukuoka, Okinawa
USA (4),
Canada, UK, Italy, Korea, China, UAE (--subsidiaries)
(subcontracted)
KATSUAKI
KIYOHARA, PRES Keizo Kiyohara, ch
Shuji
Terashima, s/mgn dir Ryoichi
Kitahara, dir
Masatoshi
Kawano, dir Masanori Wada,
dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 10,213 M
PAYMENTS No Complaints CAPITAL Yen 450 M
TREND STEADY WORTH Yen 11,814 M
STARTED 1971 EMPLOYES 220
MFR SPECIALIZING IN BRAODCASTING & VIDEO EQUIPMENT &
SYS-TEMS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by Keizo Kiyohara in order to make most of his experience in the subject line of business. Katsuaki is his son. This is a specialized mfr of professional broadcast & video equipment & systems, providing a full line of advanced broadcast products, including video switches, converters, etc (See OPERATION). Covers worldwide markets. Imports modules, server systems, too. In Feb 2011, acquired YEM Eletex Co Ltd, mfr of professional video equipment, and made it a consolidated subsidiary. Clients include leading broadcasting companies, TV networks, other.
The sales volume for Sept/2011 fiscal term amounted to Yen 10,213 million, a 10% up from Yen 9,269 million in the previous term. This is attributed to the making of YEM Eletex Co as its consolidated subsidiary. Hi-vision broadcasting systems & equipment fared well. The recurring profit was posted at Yen 793 million and the net profit at Yen 463 million, respectively, compared with Yen 553 million recurring profit and Yen 332 million net profit, respectively, a year ago.
For the current term ending Sept 2012 the recurring profit is projected at Yen 850 million and the net profit at Yen 500 million, respectively, on a 7% rise in turnover, to Yen 11,000 million. Business is seen steadily expanding.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Oct 1971
Regd. No.: 0110-01-030263 (Tokyo Shibuyaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
3.6 million shares
Issued:
900,000 shares
Sum: Yen 450
million
Major shareholders (%): Employees’
S/Holding Assn (34), EXA International (25),
Keizo
Kiyohara (15),
No. of
shareholders: 14
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures professional broadcasting systems & equipment, CCTV equipment (48%), imported electronic products & equipment (2%), other systems, equipment, products, such as video switches, converters, others (50%).
Export (20%).
Clients: [Broadcasters, telecommunications carriers, mfrs] NHK, NTT, TDK Core, Fujitsu Ltd, Toshiba Corp, TV Tokyo, Nippon Television Network Corp, Mitsubishi Electric, Ikegami Tsushinki, Panasonic Corp, TV Asahi, other.
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Itochu Techno Solutions, Tanaka Kikinzoku Hambai, Paltek Corp, Grass Valley Corp, Kyodo Communications, other.
Payment record: No Complaints
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
SMBC (Mitadori)
MUFG (Shinagawa-Ekimae)
Relations: Satisfactory.
(In Million Yen)
|
Terms Ending: |
30/09/2012 |
30/09/2011 |
30/09/2010 |
30/09/2009 |
|
|
Annual
Sales |
|
11,000 |
10,213 |
9,269 |
10,397 |
|
Recur.
Profit |
|
850 |
793 |
553 |
|
|
Net
Profit |
|
500 |
463 |
332 |
382 |
|
Total
Assets |
|
|
17,551 |
15,928 |
16,276 |
|
Current
Assets |
|
|
5,936 |
6,404 |
|
|
Current
Liabs |
|
|
2,721 |
2,232 |
|
|
Net
Worth |
|
|
11,814 |
11,195 |
10,907 |
|
Capital,
Paid-Up |
|
|
450 |
450 |
450 |
|
Div.P.Share(¥) |
|
|
75.00 |
50.00 |
50.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
7.71 |
10.18 |
-10.85 |
-12.55 |
|
|
Current Ratio |
|
.. |
218.16 |
286.92 |
.. |
|
N.Worth Ratio |
.. |
67.31 |
70.29 |
67.01 |
|
|
R.Profit/Sales |
|
7.73 |
7.76 |
5.97 |
.. |
|
N.Profit/Sales |
4.55 |
4.53 |
3.58 |
3.67 |
|
|
Return On Equity |
.. |
3.92 |
2.97 |
3.50 |
|
Note:
Forecast (or estimated) for the 30/09/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.67 |
|
UK Pound |
1 |
Rs.88.05 |
|
Euro |
1 |
Rs.69.96 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.