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Report Date : |
23.12.2013 |
IDENTIFICATION DETAILS
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Name : |
YUPITERU CORPORATION |
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Registered Office : |
4-12-33 Shibaura Minatoku Tokyo 108-0023 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
October 1970 |
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Com. Reg. No.: |
0104-01-030478
(Tokyo-Minatoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Mfg of GPS, radar detectors,
other |
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No. of Employees : |
234 |
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 : |
No complaint |
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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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
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
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Source : CIA |
YUPITERU CORPORATION
REGD NAME: KK
Yupiteru
MAIN OFFICE: 4-12-33
Shibaura Minatoku Tokyo 108-0023 JAPAN
Tel:
03-3769-2500 Fax: 03-3455-3751
URL: www.yupiteru.co.jp
E-mail: info@yupiteru.co.jp
Mfg of
GPS, radar detectors, other
Sapporo,
Sendai, Saitama, Nagoya, Kanazawa, Osaka, Takamatsu, Hiroshima, Fukuoka, other
(Tot 11)
Okazaki
NORIHIKO ANRAKU, PRES Hisao Ono, s/mgn dir
Sadayoshi Endo, dir Hideto Miyashita, dir
Keizo Takahashi dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 13,179 M
PAYMENTS No complaint CAPITAL Yen
385 M
TREND UP WORTH Yen 2,697 M
STARTED 1970 EMPLOYES 234
MFR OF
GPS & WIRELESS RADIO SYSTEMS
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
The subject
company was established by Norihiko Anraku in order to make most of his
experience in the subject line of business.
Specializes in mfg GPS: wireless radio systems, radar detector, other
(See OPERATION). Clients are car parts & accessories
dealers nationwide.
The sales volume
for Mar/2013 fiscal term amounted to Yen 13,179 million, a 23% up from Yen
10,720 million in the previous term. Car
navigation and drive recorders were in good and robust demand, and sales rose. The recurring profit was posted at Yen 555
million and the net profit at Yen 10 million, respectively, compared with Yen
430 million recurring profit and Yen 268 million net losses, respectively, a
year ago. .
For
the current term ending Mar 2014 the recurring profit is projected at Yen 560
million and the net profit at Yen 15 million respectively, on a 2% rise in
turnover, to Yen 13,500 million.
The
financial situation is considered FAIR and good for ORDINARY business
engagements. Max credit limit is
estimated at Yen 275.7 million, on 30 days normal terms.
Date Registered: Oct
1970
Regd No.: 0104-01-030478 (Tokyo-Minatoku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
285,000 shares
Issued:
285,000 shares
Sum: Yen 385 million
Major shareholders (%): Norihiko Anraku (30), Hisao
Ono (13), Satoru Nakanishi (5), Tadahiro Kanazawa (5)
No. of shareholders: 21
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures wireless radio systems, GPS,
radar detectors, other (--100%)
(Mfg items): radar detectors, portable navigation
device, engine starter (answer-back type, one-way type), auto key-less systems,
transceiver, scanner, cordless interphone, multi-band receiver, golf-head speed
tester, DC/AC inverter, tel-control engine starter, micro wave sensors,
wireless circuit module, earthquake prediction information systems, other
Clients: [Car accessory dealers, wholesalers]
Autoback Seven, Yellow Hut, Empire Motors, DX Antenna, Denso Corp, Tacti Corp,
Auto RS, Faltec Co, Okada Corp, Chuhatsu Hambai, other
No. of
accounts: 500
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Mitachi Co, Ito Electronics (20, Kaga
Electronics, Denso kizai, Kanda Electronics Ind, Nakahara (20%) Jushi Ind,
Okamoto Electronics Corp, Sa-
nyuu Co, Faltec Co, Taiho Denshi Co, other.
Payment record: No complaint
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
Bank
of Yokohama (Tamachi)
Mizuho
Bank (Shiba)
Relations:
Satisfactory
(In
Million Yen)
|
Terms Ending: |
31/03/2014 |
31/03/2013 |
31/03/2012 |
31/03/2011 |
|
|
Annual
Sales |
|
13,500 |
13,179 |
10,720 |
8,480 |
|
Recur.
Profit |
|
560 |
555 |
430 |
44 |
|
Net
Profit |
|
15 |
10 |
268 |
4,832 |
|
Total
Assets |
|
|
7,217 |
5,949 |
4,832 |
|
Current
Assets |
|
|
5,984 |
4,635 |
3,489 |
|
Current
Liabs |
|
|
2,698 |
1,729 |
1,107 |
|
Net
Worth |
|
|
2,697 |
2,700 |
2,431 |
|
Capital,
Paid-Up |
|
|
385 |
385 |
385 |
|
Div.P.Share(¥) |
|
|
13.00 |
0.00 |
26.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.44 |
22.94 |
26.42 |
-2.08 |
|
|
Current Ratio |
|
.. |
221.79 |
268.07 |
315.18 |
|
N.Worth Ratio |
.. |
37.37 |
45.39 |
50.31 |
|
|
R.Profit/Sales |
|
4.15 |
4.21 |
4.01 |
0.52 |
|
N.Profit/Sales |
0.11 |
0.08 |
2.50 |
56.98 |
|
|
Return On Equity |
.. |
0.37 |
9.93 |
198.77 |
|
Notes:
Forecast (or estimated) figures for the 31/03/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.24 |
|
|
1 |
Rs.101.80 |
|
Euro |
1 |
Rs.84.87 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.