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Report Date : |
02.12.2013 |
IDENTIFICATION DETAILS
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Name : |
LUKIO CO LTD |
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Registered Office : |
7-22-8 Okusawa Setagayaku Tokyo 155-0032 |
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Country : |
Japan |
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Financials (as on) : |
31.05.2013 |
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Date of Incorporation : |
August 1994 |
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Com. Reg. No.: |
0109-01-023633
(Tokyo-Setagayaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Importer and wholesaler
of wide format & super wide format digital inkjet printers & presses,
UV-cured ink flatbed printers, billboard sign sheets, marking sheets, mesh
sheets, tarpaulin FF sheets, other related products, including printers’
consumable supplies & equipment maintenance |
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No. of Employees : |
16 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 21.0 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but Correct |
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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 30th, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
japan ECONOMIC OVERVIEW
In the years
following World War II, government-industry cooperation, a strong work ethic, mastery
of high technology, and a comparatively small defense allocation (1% of GDP)
helped Japan develop a technologically advanced economy. Two notable
characteristics of the post-war economy were the close interlocking structures
of manufacturers, suppliers, and distributors, known as keiretsu, and the
guarantee of lifetime employment for a substantial portion of the urban labor
force. Both features are now eroding under the dual pressures of global
competition and domestic demographic change. Japan's industrial sector is
heavily dependent on imported raw materials and fuels. A small agricultural
sector is highly subsidized and protected, with crop yields among the highest
in the world. While self-sufficient in rice production, Japan imports about 60%
of its food on a caloric basis. For three decades, overall real economic growth
had been spectacular - a 10% average in the 1960s, a 5% average in the 1970s,
and a 4% average in the 1980s. Growth slowed markedly in the 1990s, averaging
just 1.7%, largely because of the after effects of inefficient investment and
an asset price bubble in the late 1980s that required a protracted period of
time for firms to reduce excess debt, capital, and labor. Modest economic
growth continued after 2000, but the economy has fallen into recession three
times since 2008. A sharp downturn in business investment and global demand for
Japan's exports in late 2008 pushed Japan into recession. Government stimulus
spending helped the economy recover in late 2009 and 2010, but the economy
contracted again in 2011 as the massive 9.0 magnitude earthquake and the
ensuing tsunami in March disrupted manufacturing. The economy has largely
recovered in the two years since the disaster, but reconstruction in the Tohoku
region has been uneven. Newly-elected Prime Minister Shinzo ABE has declared
the economy his government's top priority; he has pledged to reconsider his
predecessor's plan to permanently close nuclear power plants and is pursuing an
economic revitalization agenda of fiscal stimulus and regulatory reform and has
said he will press the Bank of Japan to loosen monetary policy. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, Japan
in 2012 stood as the fourth-largest economy in the world after second-place
China, which surpassed Japan in 2001, and third-place India, which edged out
Japan in 2012. The new government will continue a longstanding debate on
restructuring the economy and reining in Japan's huge government debt, which
exceeds 200% of GDP. Persistent deflation, reliance on exports to drive growth,
and an aging and shrinking population are other major long-term challenges for
the economy.
|
Source : CIA |
LUKIO CO LTD
KK Lukio
7-22-8 Okusawa Setagayaku
Tokyo 155-0032 JAPAN
Tel:
03-5758-0687 Fax: 03-5758-0663
E-Mail address: I_sales@lukio.com
Import,
wholesale of large-size ink-jet printers
Nil
Ohtaku
(Tokyo), Saitama (--warehousing & distribution centers)
SHOGO
FURUYA, PRES
Toshiko
Furuya, dir
Yoshikazu
Shima, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 1,600 M
PAYMENTS Slow
but Correct CAPITAL Yen 80 M
TREND STEADY WORTH Yen
155 M
STARTED 1994 EMPLOYES 16
IMPORTER AND WHOLESALER
SPECIALIZING IN LARGE-SIZE INKJET PRINTERS.
FINANCIAL SITUATION CONSIDERED FAIR
AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 21.0 MILLION, 30 DAYS
NORMAL TERMS.
The subject company was established by Shogo Furuya in order to make most of his experience in the subject line of business. Originally named Optec-Larry Art Co Ltd, in tie-up with Optec Co Ltd, then changed to Nexus Co Ltd in Jul 1977, and to the captioned name in Sept 1999. Originally started importing and selling large printers and computers. Now handles wide format & super wide format digital printers as main items. In Dec 1999 started sales of NUR Microcomputers’ products. Then in May 2001 imports started from DGI (Korea). The firm also handles billboard sign sheets, marking sheets, mesh sheets, tarpaulin FF sheets, etc, with well entry into billboard sign mfrs & printing firms. It also offers maintenance & repairing services nationwide. It acts as import agent for overseas makers. In Jul 2012 closed distributorship agreement with Swiss Print Inkjet Printer, Swiss. Clients include inkjet printing firms, billboard sign printing firms, other.
The sales volume for May/2013 fiscal term amounted to Yen 1,600 million, a 10% up from Yen 1,337 million in the previous term. This is attributed to the said distributorship with Swiss maker. Imports increased. Sales rose. The recurring profit was posted at Yen 3 million and the net profit at Yen 10 million, respectively, compared with Yen 2 million recurring profit and Yen 8 million net profit, respectively, a year ago.
For the current term ending May 2014 the recurring profit is
projected at Yen 5 million and the net profit at Yen 15 million, respectively,
on a 5% rise in turnover, to Yen 1,680 million.
The Swiss distributor sales will contribute to the full term. Business is seen expanding steadily and
rapidly.
The financial situation is considered maintained FAIR and
good for ORDINARY business engagements.
Max credit limit is estimated at Yen 21.0 million, on 30 days normal
terms.
Date Registered: Aug
1994
Regd No.: 0109-01-023633 (Tokyo-Setagayaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
6,400 shares
Issued:
1,600 shares
Sum: Yen 80
million
Major shareholders (%): Shogo
Furuya (83), Yoshikazu Shima (17)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and wholesales wide format & super wide format digital inkjet printers & presses, UV-cured ink flatbed printers (66%), billboard sign sheets, marking sheets, mesh sheets, tarpaulin FF sheets, other related products, including printers’ consumable supplies & equipment (--33%), maintenance, other (1%).
Products are centrally imported, with partial supply from domestic suppliers.
Clients: [Drafting equipment mfrs, film mfrs, wholesalers] Fuji Kaseihin Co, Kimoto Co, A-Zett Kikaku, Daido Co, Haramachi Sign Co, Art Link Co, other.
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Agfa Gevalt Japan, Wonbin Japan, Gandinnovations (Canada), DGI (Korea & Taiwan), NUR Microcomputers (USA), Ritrama, Super Wide, Lintec Corp, Anderson Club, other.
Payment record: Slow but Correct
Location: Business area in Tokyo. Office premises at the caption address are owned and maintained satisfactorily.
Bank References:
SMBC (Setagaya)
MUFG (Sangenjaya)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
31/05/2014 |
31/05/2013 |
31/05/2012 |
31/05/2011 |
|
|
Annual
Sales |
|
1,680 |
1,600 |
1,337 |
1,138 |
|
Recur.
Profit |
|
5 |
3 |
2 |
2 |
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Net
Profit |
|
15 |
10 |
8 |
6 |
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Total
Assets |
|
|
725 |
675 |
835 |
|
Current
Assets |
|
|
661 |
627 |
604 |
|
Current
Liabs |
|
|
80 |
85 |
149 |
|
Net
Worth |
|
|
155 |
145 |
137 |
|
Capital,
Paid-Up |
|
|
80 |
80 |
80 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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|
S.Growth Rate |
5.00 |
19.67 |
17.49 |
.. |
|
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Current Ratio |
|
.. |
826.25 |
737.65 |
405.37 |
|
N.Worth Ratio |
.. |
21.38 |
21.48 |
16.41 |
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R.Profit/Sales |
|
0.30 |
0.19 |
0.15 |
0.18 |
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N.Profit/Sales |
0.89 |
0.63 |
0.60 |
0.53 |
|
|
Return On Equity |
.. |
6.45 |
5.52 |
4.38 |
|
Notes: Forecast figures for the 31/05/2014
fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.39 |
|
UK Pound |
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.98 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
RATING EXPLANATIONS
|
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.