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Report Date : |
16.05.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
FUTABA ELECTRIC CO LTD |
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Registered Office : |
4-13-1 Honcho-Nishi Chuoku Saitama 338-0004 |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
February
1962 |
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Com. Reg. No.: |
0300-01-007356
(Saitama-Chuoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of switching regulator, AC adaptor, battery
power, batteries |
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No. of Employees : |
54 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – March 31st, 2012
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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 |
FUTABA ELECTRIC CO LTD
Futaba Denki KK
4-13-1
Honcho-Nishi Chuoku Saitama 338-0004 JAPAN
Tel:
048-852-7007 Fax: 048-854-0674
*.. The given address is its Fukushima Factory; the given phone number is
of its Tokyo Office
URL: http://www.futaba-elec.co.jp
E-Mail address: (thru the URL)
Mfg of
switching regulator, AC adaptor, battery power, batteries, other
At the
caption address,
TAKAYUKI
MATSUMOTO, PRES
Kazutaka
Matsumoto, mgn dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 2,010 M
PAYMENTS No Complaints CAPITAL Yen 40 M
TREND SLOW WORTH Yen 505 M
STARTED 1962 EMPLOYES 54
MFR SPECIALIZING IN ELECTRIC EQUIPMENT.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR CREDIT ENGAGEMENTS: US$100,000 / O/A 30 DAYS.
The subject company was established by Saburo Matsumoto in order to make most of his experience in the subject line of business. Takayuki is his son. This is a specialized mfr of electric equipment and goods: batteries, switching regulators, battery power, power supplies, other. Clients include electric/electronic mfrs, wholesalers, other.
The sales volume for Dec/2011 fiscal term amounted to Yen 2,010 million, a 2% up from Yen 1,972 million in the previous term. The recurring profit was posted at Yen 37 million and the net profit at Yen 17 million, respectively, compared with Yen 16 million recurring profit and Yen 14 million net profit, respectively, a year ago.
For the current term ending Dec 2012 the recurring profit is projected at Yen 40 million and the net profit at Yen 20 million, respectively, on a 5% rise in turnover, to Yen 2,100 million.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Feb 1962
Regd No.: 0300-01-007356 (Saitama-Chuoku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
140,000 shares
Issued:
35,000 shares
Sum: Yen 40 million
Major shareholders (%): Saburo Matsumoto (56), Kenji
Ishii (24), Itsuro Nakagawa (7), Takayuki Matsumoto (5), Takashi Matsumoto (5)
No. of shareholders: 6
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures electric/electronic equipment & supplies: switching regulators, AC adaptors, batteries, battery power, semiconductors, electronic parts & components, other (--100%)
Clients: [Mfrs, wholesalers] Nippon Signal Co, SEI Optifrontier Co, Furukawa Battery Co, Olympus Corp, KELK, Glory Ltd, Maspro Denkoh Corp, Panasonic Health Care Corp, Yaesu Musen Co, Fukuda Denshi Co, other
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Map Electronics, Tocad Energy Co, E & C labo, System Design Co, Tokuden Prosell Co, other
Payment record: No Complaints
Location: Business area in Saitama. Office premises at the caption address are owned and maintained satisfactorily.
Bank References:
Mizuho
Bank (
Musashino
Bank (Yono)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
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Annual
Sales |
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2,100 |
2,010 |
1,972 |
1,630 |
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Recur.
Profit |
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40 |
37 |
16 |
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Net
Profit |
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20 |
17 |
14 |
2 |
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Total
Assets |
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2,140 |
2,143 |
1,985 |
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Current
Assets |
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1,225 |
1,287 |
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Current
Liabs |
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793 |
917 |
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Net
Worth |
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505 |
487 |
473 |
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Capital,
Paid-Up |
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40 |
40 |
40 |
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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 |
4.48 |
1.93 |
20.98 |
-19.70 |
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Current Ratio |
|
.. |
154.48 |
140.35 |
.. |
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N.Worth Ratio |
.. |
23.60 |
22.73 |
23.83 |
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R.Profit/Sales |
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1.90 |
1.84 |
0.81 |
.. |
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N.Profit/Sales |
0.95 |
0.85 |
0.71 |
0.12 |
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Return On Equity |
.. |
3.37 |
2.87 |
0.42 |
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Notes:
Forecast (or estimated) figures for the 31/12/2012 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.53.84 |
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UK Pound |
1 |
Rs.86.72 |
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Euro |
1 |
Rs.69.17 |
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 |
---- |
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.