MIRA INFORM REPORT

 

 

Report Date :           

24.01.2012

 

IDENTIFICATION DETAILS

 

Name :

FUJI TALC INDUSTRIAL CO LTD

 

 

Registered Office :

Shuwa Bldg, 1-2-14 Uchihonmachi Chuoku Osaka 540-0026

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

July 1963

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer, processing talc & powder

 

 

No. of Employees :

46

 

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 176.3 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

 

FUJI TALC INDUSTRIAL CO LTD

 

 

REGD NAME 

 

Fuji Talc Kogyo KK

 

 

MAIN OFFICE

 

Shuwa Bldg, 1-2-14 Uchihonmachi Chuoku Osaka 540-0026 JAPAN

Tel: 06-6943-9530      Fax: 06-6943-9647

                                               

URL:                             http://www.fuji-talcl.co.jp

E-Mail address:                        info@fuji-talc.co.jp

 

ACTIVITIES

 

Mfg, processing talc & powder

 

 

BRANCHES

 

Tokyo, China (3)

 

 

FACTORIES

 

Sakai (3), Kashima, China

 

 

OFFICERS

 

Tadashi Tomimori, ch                                         YASUHIKO TOMIMORI, PRES

Kohei Suzuki, dir                                               Hideaki Inui, dir             

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY    

 

FINANCES                    FAIR                             A/SALES          Yen 6,682 M

PAYMENTS      REGULAR                     CAPITAL           Yen 37 M

TREND             UP                                WORTH            Yen 2,825 M

STARTED                     1963                             EMPLOYES      46

 

 

COMMENT

 

MFG/PROCESSING OF TALC & POWDER.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 176.3 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Takashi Tomimori in order to make most of his experience in the subject line of business.  Yasuhiko is his son.  This is a specialized mfr of talk & powder, including processing, other.  Has a factory in China and operates 3 branches there.  Imports & exports are handled by general trading houses.

 

 

FINANCIAL INFORMATION

           

The sales volume for Mar/2011 fiscal term amounted to Yen 6,682 million, an 11% up from Yen 6,012 million in the previous term.  Exports were robust.  The recurring profit was posted at Yen 191 million and the net profit at Yen 84 million, respectively, compared with Yen 193 million recurring profit and Yen 94 million net profit, respectively, a year ago.

 

For the current term ending Mar 2012 the recurring profit is projected at Yen 200 million and the net profit at Yen 85 million, respectively, on a 6% rise in turnover, to Yen 7,050 million.  Business is seen expanding steadily. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 176.3 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  July 1963

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         300,000 shares

Issued:                75,000 shares

Sum:                   Yen 37.5 million

 

Major shareholders (%): Osaka Small & Medium Business Promotion & Investment Assn (13), Tadashi Tomimori (10), other

 

No. of shareholders: 23

 

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

 

 

OPERATION

 

Activities: Manufactures talc & powder, including processing, crushing works (--100%)

 

Clients: [Mfrs, wholesalers] Japan Polypropylene Corp, Prime Polymer Co, Toyotsu Chemiplas Corp, Itochu Corp, other

            No. of accounts: 500

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Itochu Corp, other

 

Payment record: Regular

 

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

 

Bank References:

·         Resona Bank (Ueroku)

·         Mizuho Bank (Osaka)

Relations: Satisfactory

 

FINANCES

(In Million Yen)

 

       Terms Ending:

31/03/2012

31/03/2011

31/03/2010

31/03/2009

Annual Sales

　

7,050

6,682

6,012

6,399

Recur. Profit

　

200

191

193

　

Net Profit

　

85

84

94

121

Total Assets

　

　

8,264

8,540

8,579

Current Assets

　

　

5,758

6,064

　

Current Liabs

　

　

5,207

5,557

　

Net Worth

　

　

2,825

2,748

1,660

Capital, Paid-Up

　

　

37

37

37

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

5.51

11.14

-6.05

-0.02

    Current Ratio

 

..

110.58

109.12

..

    N.Worth Ratio

..

34.18

32.18

19.35

    R.Profit/Sales

 

2.84

2.86

3.21

..

    N.Profit/Sales

1.21

1.26

1.56

1.89

    Return On Equity

..

2.97

3.42

7.29

 

Notes: Forecast (or estimated) figures for the 31/03/2012 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.24

UK Pound

1

Rs.78.13

Euro

1

Rs.64.79

 

 

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.