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Report Date : |
12.05.2012 |
IDENTIFICATION DETAILS
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Name : |
JEPICO CORPORATION |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
November
1972 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturing (fables) of LSI & products Import, Export, Wholesale of electronics devices |
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No. of Employees : |
96 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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) |
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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 |
JEPICO CORPORATION
KK JEPICO
Tel:
03-6386-0611 Fax: 03-6386-8234
E-Mail address: (thru the URL)
Mfg (fables)
of LSI & products; import, export, wholesale of electronics devices
(Fables)
KIN’ICHI
OHNO, PRES Shuichi Ohkubo,
mgn dir
Tetsuo
Nakamura, dir Hiroki Yamakawa,
dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 4,995 M
PAYMENTS slow CAPITAL Yen 252 M
TREND UP WORTH Yen 1,140 M
STARTED 1972 EMPLOYES 96
FABLES MFR OF LSI & PRODUCTS, ELECTRONIC DEVICES.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company
was established by Kin’ichi Ohno in order to make most of his experience in the
subject line of business. This is a fables
mfr of system integration & LSI products, also imports, exports and
wholesales LSI products, semiconductors, electronics parts & components,
board computer & integration, system level products, module, other. Operates four overseas offices:
The sales volume for
Mar/2011 fiscal term amounted to Yen 4,995 million, a 9% up from Yen 4,581
million in the previous term. Imports
increased for LSI & products, other.
The operations, however, plunged into the red to register Yen 34 million
recurring loss and Yen 81 million net losses, respectively, compared with Yen
21 million recurring profit and Yen 2 million net profit, respectively, a year
ago. High Yen hurt earnings &
profits in Yen terms. Material price
hikes ate into profits.
For the term that
ended Mar 2012 the operations were projected to come back to profitability but
still limited to a minimum amount post-taxes, on a 2% rise in turnover, to Yen
5,100 million. Final results are yet to
be released.
The financial
situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Nov 1972
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized: 2
million shares
Issued:
5,035,882 shares
Sum: Yen 252.75 million
Major shareholders (%): Yuko Tanabe (11.4), Kin’ichi
Ohno (10), Sisters Labo (8), MUFG (3), Employees’ S/Holding Assn (2)
No. of shareholders: 81
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Fables mfr of LSI products; import, export and wholesale of LSI &
products, system integration, semiconductors, electronic parts & components,
board computers & integration, system level products, module, board of
system integration, other (--100%)
Clients: [Mfrs, wholesalers] Mitsubishi Electric group, Mitsubishi Heavy Ind,
NEC group, Hitachi group, Toshiba group, Fujitsu group, Sinfonia Technology Co,
Furuno Electric Co, other
No. of accounts: 500
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs, wholesalers] Actel Corp, Alter Technology group Spain, Avnet
Electronics Marketing, Eon Silicon Solution Inc, Dialight Corp, Kontron Modular
Comp, other.
Payment record: slow
Location: Business area in
Bank References:
MUFG
(Shinjuku-Nishi)
SMBC
(Shinjuku-Nishiguchi)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
|
5,100 |
4,995 |
4,581 |
5,594 |
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Recur.
Profit |
|
0 |
-34 |
21 |
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Net
Profit |
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0 |
-81 |
2 |
111 |
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Total
Assets |
|
|
4,052 |
3,939 |
4,152 |
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Current
Assets |
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3,658 |
3,559 |
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Current
Liabs |
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394 |
379 |
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Net
Worth |
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1,140 |
1,267 |
1,257 |
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Capital,
Paid-Up |
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|
252 |
252 |
252 |
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Div.P.Share(¥) |
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|
10.00 |
10.00 |
10.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.10 |
9.04 |
-18.11 |
0.09 |
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Current Ratio |
|
.. |
928.43 |
939.05 |
.. |
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N.Worth Ratio |
.. |
28.13 |
32.17 |
30.27 |
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R.Profit/Sales |
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0.00 |
-0.68 |
0.46 |
.. |
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N.Profit/Sales |
0.00 |
-1.62 |
0.04 |
1.98 |
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Return On Equity |
.. |
-7.11 |
0.16 |
8.83 |
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Notes:
Forecast (or estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.53.64 |
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|
1 |
Rs.86.42 |
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Euro |
1 |
Rs.69.29 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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.