MIRA INFORM REPORT

 

 

Report Date :

11.06.2012

 

IDENTIFICATION DETAILS

 

Name :

FUJI CORPORATION 

 

 

Registered Office :

Hokusui Bldg 9F, 1-13-13 Tsukiji Chuoku Tokyo 104-0045

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2012

 

 

Date of Incorporation :

August 1989

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of fish products, agricultural products

 

 

No. of Employees :

16

 

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 CORPORATION

 

 

REGD NAME

 

Fuji Tsusho KK

 

 

MAIN OFFICE

 

Hokusui Bldg 9F, 1-13-13 Tsukiji Chuoku Tokyo 104-0045 JAPAN

           

Tel: 03-3542-0288     Fax: 03-3542-0988

URL:                 N/A      

 

 

ACTIVITIES

 

Import, wholesale of fish products, agricultural products

 

 

BRANCHES

 

Kagawa

 

 

OFFICER(S)

 

TOSHIRO OOSUNA, PRES       

Shinobu Nisou, v pres

Jun’ichi Ogata, dir

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES        FAIR                 A/SALES          Yen 18,378 M

PAYMENTS      REGULAR         CAPITAL           Yen 100 M

TREND UP                    WORTH            Yen 1,985 M

STARTED         1989                 EMPLOYES      16

 

COMMENT    

 

IMPORTER AND WHOLESALER OF FISH & AGRICULTURAL PRODUCTS. 

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS

 

 

HIGHLIGHTS

           

The subject company was established by a certain Fujii in order to make most of his experience in the subject line of business.  T Oosuna took the pres office in Dec 2008.  This is a trading firm specializing in importing and wholesaling lobsters, shrimps, fish products and agricultural products.  Products are imported from worldwide countries.  Clients are major fish processors, food mfrs, other, nationwide.

 

 

FINANCIAL INFORMATION

 

The sales volume for Mar/2011 fiscal term amounted to Yen 18,398 million, a 17% up from Yen 15,490 million in the previous term.  Price up of lobsters contributed.  Also newly started avocado sold well.  The recurring profit was posted at Yen 8 million and the net profit at Yen 8 million, respectively, compared with Yen 76 million recurring profit and Yen 116 million net profit, respectively, a year ago.  Price hikes of tuna and other fishes ate into profits.  .

 

For the term that ended Mar 2012 the recurring profit was projected at Yen 10 million and the net profit at Yen 10 million, respectively, on a 3% rise in turnover, to Yen 19,000 million.  Final figures are yet to be released.

           

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

 

 

REGISTRATION

 

Date Registered:  Aug 1989

Legal Status:   　Limited Company (Kabushiki Kaisha)

Authorized:      　8,000 shares

Issued:             　2,000 shares

Sum:                　Yen 100 million

 

Major shareholders (%): Maimi Suisan (20), Shigeyoshi Fujii (13), Shinobu Nisou (13),

Employees’ S/Holding Assn, other

 

No. of shareholders: 15

 

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

 

OPERATION

 

Activities: Imports and wholesales shrimp, lobster, tuna, fish products, avocado, other fruits products (--100%).

 

Clients: [Fish market, fish shops] Union Corp (15%), Uoichi, Table Mark, other

            No. of accounts: 300

            Domestic areas of activities: Nationwide

Suppliers: [Fish market, wholesalers] Imports from Thailand, USA, India, Mexico, Vietnam, Indonesia, Philippines, China, Pakistan, Taiwan, other

 

Payment record: Regular

 

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

 

Bank References:

SMBC (Tsukiji)

Mizuho Bank (Tsukiji)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

       Terms Ending:

31/03/2012

31/03/2011

31/03/2010

31/03/2009

Annual Sales

　

19,000

18,378

15,490

14,832

Recur. Profit

　

10

8

76

10

Net Profit

　

10

8

116

126

Total Assets

　

　

6,349

7,144

5,253

Current Assets

　

　

5,940

6,694

4,634

Current Liabs

　

　

4,313

51,566

3,311

Net Worth

　

　

1,985

1,987

1,941

Capital, Paid-Up

　

　

100

100

100

Div.P.Share(¥)

　

　

0.00

0.00

9.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.38

18.64

4.44

-7.17

    Current Ratio

 

..

137.72

12.98

139.96

    N.Worth Ratio

..

31.26

27.81

36.95

    R.Profit/Sales

 

0.05

0.04

0.49

0.07

    N.Profit/Sales

0.05

0.04

0.75

0.85

    Return On Equity

..

0.40

5.84

6.49

 

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

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.36

UK Pound

1

Rs.85.64

Euro

1

Rs.69.21

 

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%)

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.