MIRA
INFORM REPORT
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Report Date : |
06.02.2012 |
IDENTIFICATION DETAILS
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Name : |
FUJI TRADING CO
LTD |
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Registered Office : |
Niei Bldg 3F, 5-13-11 Ueno Taitoku Tokyo 110-0005 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
1985 |
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Com. Reg. No.: |
(Tokyo-Taitoku) 02121 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Imports and wholesales polished diamonds |
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No. of Employees : |
4 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – September 30, 2011
|
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
FUJI TRADING CO LTD
REGD NAME: KK
Fuji Trading
MAIN OFFICE
Niei Bldg 3F,
5-13-11 Ueno Taitoku Tokyo 110-0005 JAPAN
Tel: 03-3833-2755
URL: N/A
ACTIVITIES
Import,
wholesale of diamond
BRANCHES
Nagano,
Kofu
FACTORIES
(subcontracted)
OFFICER(S)
HIROYOSHI
HANDO, PRES
Ichiro
Yoshioka, dir
Hideaki
Sasaki, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 801 M
PAYMENTS REGULAR CAPITAL Yen 25 M
TREND UP WORTH Yen 79 M
STARTED 1985 EMPLOYES 4
COMMENT
IMPORTER
& WHOLESALER SPECIALIZING IN DIAMONDS.
FINANCIAL SITUATION CONSIDERED
RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject company was established by Hiroyoshi Hando in
order to make most of his experience in the subject line of business. This is a trading firm, owned & operated
by the Hando family, specializing in import and wholesale of polished diamonds
centrally, other gem stones and jewelry.
Diamonds are imported from India, Belgium, other. They are partially subcontracted mfg into
jewelry products at local jewelry processors.
FINANCIAL INFORMATION
Financials are only partially disclosed as is the case with
family-based companies.
The sales volume for Mar/2011 fiscal term amounted to Yen
801 million, a sharp 43% up from Yen 560 million in the previous term. The sales rose after being substantially
affected by the global economic downturn in the last term. Demand increased. Prices were up. The operations, on the other hand, continued
in the red to post Yen 20 million net losses for the term, compared with Yen 3
million net loss a year ago. This is
referred to the extraordinary losses of NC’s (by the bankruptcy of some of
clients) and foreign exchange losses. .
For the current term ending Mar 2012the operations are
expected to come back to profitability but still limited to a minimum amount
post-taxes, on a 1% rise in turnover, to Yen 810 million.
The financial situation is considered RATHER WEAK but should
be good for MODERATE business engagements.
REGISTRATION
Date Registered :
Apr 1985
Regd No. : (Tokyo-Taitoku) 02121
Legal Status : Limited Company (Kabushiki Kaisha)
Authorized : 2,000 shares
Issued :
504 shares
Sum :
Yen 25.5 million
Major shareholders (%): Hiroyoshi Hando (92), Chieko
Hando (5), Kazuhiko Yoshioka (2), Hideaki Sasaki (1)
No. of shareholders : 4
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales polished diamonds
centrally, other gem stones, jewelry products, other (--100%).
Diamonds
are imported from India, Belgium, other.
Diamonds are partially
subcontracted mfg into jewelry products at local jewelry processors.
Clients: [Jewelry processors, jewelry stores,
chain stores] LD International, Oriental
Diamond, R Jewel’s, Atelier Odo
Corp, Mitsuba Trading, Cima Co, Neo Craft Co, Yama Co, Jewelry Toyonaga, other
No. of
accounts: 300
Domestic
areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Kuwayama Corp,
East Trading, Plus-1 International, Yamahata Hoshoku, other. Imports from
India, Belgium, other
Payment record:
Unknown
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
Asahi
Shinkin Bank (H/O)
Mizuho
Bank (Okachimachi)
Relations:
Satisfactory
FINANCES
(In
Million Yen)
|
Terms Ending: |
|
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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810 |
801 |
560 |
712 |
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Recur.
Profit |
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Net
Profit |
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0 |
-20 |
-3 |
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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79 |
99 |
102 |
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Capital,
Paid-Up |
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25 |
25 |
25 |
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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 |
1.12 |
43.04 |
-21.35 |
-5.07 |
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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 |
0.00 |
-2.50 |
-0.54 |
0.28 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.48.96 |
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|
1 |
Rs.77.46 |
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Euro |
1 |
Rs.64.39 |
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 |
-- |
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.