MIRA INFORM REPORT

 

 

Report Date :           

04.02.2012

 

IDENTIFICATION DETAILS

 

Name :

F E INTERNATIONAL INC

 

 

Registered Office :

228-8 Shinminato Mihamaku Chiba 261-0002

 

 

Country :

Japan

 

 

Financials (as on) :

31.10.2011

 

 

Date of Incorporation :

February 1951

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, Export, Wholesale of iron/steel scraps

 

 

No. of Employees :

41

 

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

 

Maximum Credit Limit :

Yen 279.9 Million

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

F E INTERNATIONAL INC

 

 

REGD NAME

 

KK F. E. International

 

 

MAIN OFFICE

 

228-8 Shinminato Mihamaku Chiba 261-0002 JAPAN

Tel: 043-203-1331      Fax: 043-203-1335

                                               

URL:                             http://www.lem.co.jp

E-Mail address:                        okamoto@lem.co.jp

 

 

ACTIVITIES  

 

Import, export, wholesale of iron/steel scraps

 

 

BRANCHES

 

Tokyo, Sendai, Kawasaki, Toyama, Niigata, Kumamoto, Okinawa

 

 

OVERSEAS

 

China

 

 

OFFICERS

 

HIROKI KOBAYASHI, PRES

Akiyoshi Mori, dir                      

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY

 

FINANCES                    FAIR                             A/SALES          Yen 13,323 M

PAYMENTS      REGULAR                     CAPITAL           Yen 40 M

TREND             STEADY                       WORTH            Yen 207 M

STARTED                     1951                             EMPLOYES      41

 

 

COMMENT

 

TRADING FIRM SPECIALIZING IN IRON/STEEL SCRAPS.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 279.9 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Hiroki Kobayashi in order to make most of his experience in the subject line of business.  This is a trading firm specializing in iron/steel scraps, nonferrous metals, industrial wastes, resources recycling, other.  Opened Sendai Branch Office in Oct 2011 to handle mounts of scraps & industrial wastes after the Great North Japan Earthquake which occurred in March 2011.

 

 

FINANCIAL INFORMATION

 

Financial are only partially disclosed.

 

The sales volume for Oct/2010 fiscal term amounted to Yen 13,323 million, an 8% up from Yen 12,286 million in the previous term.  The net profit was posted at Yen 1 million, similarly in the previous period.

 

For the term that ended Oct 2011 the net profit was projected at Yen 10 million, on a 20% rise in turnover, to Yen 16,000 million.  The industrial wastes after the said Earthquake mounted and contributed to the sales growth.

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 279.9 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Feb 1951

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         1,600 shares

Issued:                800 shares

Sum:                   Yen 40 million

 

Major shareholders (%): Hiroki Kobayashi (100)

 

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

 

 

OPERATION

           

Activities: Imports, exports and wholesales iron/steel scraps, nonferrous metals, industrial wastes, resource recycling, other (--100%)

 

Clients: [Mfrs, wholesalers] Asagami Corp, Suzutoku Ltd, JFE Shoji Trading Corp, Sangyo Shinko Co, Ozeki Shoten Co, other

            No. of accounts: 100

            Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] Asagami Coir, Suzutoku Ltd, JFE Shoji Trading Corp, Ozeki Shoten Co, Sangyo Shinko Co, other

 

Payment record: Regular

 

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

 

Bank References:

·         SMBC (Funabashi)

·         Chiba Bank (Funabashi)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/10/2011

31/10/2010

31/10/2009

31/10/2008

Annual Sales

　

16,000

13,323

12,286

29,000

Recur. Profit

　

　

　

　

　

Net Profit

　

10

1

1

15

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

207

206

205

Capital, Paid-Up

　

　

40

40

40

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

20.09

8.44

-57.63

883.05

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

0.06

0.01

0.01

0.05

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/10/2011 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.96

UK Pound

1

Rs.77.47

Euro

1

Rs.64.39

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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