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Report Date : |
01.06.2013 |
IDENTIFICATION DETAILS
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Name : |
FL JAPAN CO LTD |
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Registered Office : |
Suruga Bldg 5F, 15-26 Ichibancho Mishima City Shizuoka-Pref 411-0036 |
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Country : |
Japan |
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Financials (as on) : |
31.08.2012 |
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Date of Incorporation : |
Oct 1992 |
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Com. Reg. No.: |
0801-01-005398
(Shizuoka-Mishima) |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Imports, exports and wholesales foods, beverages
(distilled water), detergents |
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No. of Employees : |
14 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
Regular |
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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, 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.
|
Source : CIA |
FL JAPAN CO LTD
FL Japan KK
Suruga Bldg 5F,
15-26 Ichibancho Mishima City Shizuoka-Pref 411-0036 JAPAN
Tel:
055-876-5551
Fax: 055-276-8881
URL: N/A
Import,
wholesale of foods, beverages, deterge t
Nil
California,
Hong Kong
KATSUHIKO
FUKAZAWA, PRES
Masahiko
Fukazawa, dir
Keizo
Okada, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES R/WEAK A/SALES Yen 4,840 M
PAYMENTS REGULAR CAPITAL Yen 20 M
TREND UP WORTH Yen 90 M
STARTED 1992 EMPLOYES 14
RADING FIRM SPECIALIZING IN FOODS, DRINKS, DETERGENTS.
FINANCIAL SITUATION CONSIDERED
RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUISNESS ENGAGEMENTS.
The subject company was established by Katsuhiko Fukazawa in
order to make most of his experience in the subject line of business. This is a family-based trading firm, owned
and operated by the Fukazawa family, for import and wholesale of foods,
beverages, detergents, other. Goods are
also exported. Clients include food
makers, beverage stores, other
Financials are only partially disclosed.
The sales volume for Aug/2012 fiscal term amounted to Yen 4,840
million, a 5% up from Yen 4,600 million in the previous term. The net profit was posted at Yen 2 million,
compared with Yen 8 million a year ago.
For the current term ending Aug 2013 the net profit is
projected at Yen 10 million, on a 5% rise in turnover, to Yen 5,000
million. Weaker Yen may push the
earnings upward in Yen terms.
The financial situation is considered RATHER WEAK but should
be good for MODERATE business engagements.
Date Registered: Oct
1992
Regd No.: 0801-01-005398 (Shizuoka-Mishima)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 1,600 shares
Issued:
400 shares
Sum: Yen
20 million
Major shareholders (%): Katsuhiko Fukazawa (32.5),
Nagatomo Fukazawa (25), Masahiko Fukazawa (25), Hiroyuki Ashikawa (7.5)
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports and wholesales
foods, beverages (distilled water), detergents, others (--100%)
Clients: [Mfrs, wholesalers] Max Value Tokai,
Cainz, other
No. of
accounts: 300
Domestic
areas of activities: Centered in Shizuoka-Pref & vicinities
Suppliers: [Mfrs, wholesalers] Goods are imported
from USA, China, other
Payment record: Regular
Location:
Business area in Mishima, Shizuoka-Pref.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References:
Mishima
Shinkin Bank (Nagaizumi)
Suruga
Bank (Mishima-Central)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/08/2013 |
31/08/2012 |
31/08/2011 |
31/08/2010 |
|
Annual
Sales |
|
5,100 |
4,840 |
4,600 |
3,400 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
10 |
2 |
8 |
6 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
90 |
88 |
80 |
|
Capital,
Paid-Up |
|
|
20 |
20 |
20 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
5.37 |
5.22 |
35.29 |
17.12 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
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|
N.Profit/Sales |
0.20 |
0.04 |
0.17 |
0.18 |
|
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/08/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.56.49 |
|
UK Pound |
1 |
Rs.86.00 |
|
Euro |
1 |
Rs.73.68 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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.