|
Report Date : |
10.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
YUPITERU CORPORATION |
|
|
|
|
Registered Office : |
4-12-33 Shibaura Minatoku Tokyo 108-0023 |
|
|
|
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Country : |
Japan |
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|
|
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
October 1970 |
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|
|
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Com. Reg. No.: |
0104-01-030478 (Tokyo-Minatoku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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|
|
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Line of Business : |
Manufacturer of GPS, radar detectors, other. |
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|
|
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No. of Employees : |
228 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 |
|
Restricted |
C2 |
|
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
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: http//: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 12)
Okazaki
NORIHIKO ANRAKU,
PRES
Hisao Ono, s/mgn dir
Sadayoshi Endo, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 10,720 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 385 M
TREND UP WORTH Yen 2,700 M
STARTED 1970 EMPLOYES 228
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/2012 fiscal term amounted to Yen 10,720 million, a 27% up from Yen 8,460
million in the previous term. Used car
sales were robust and parts thereof also were in increased demand. The recurring profit was posted at Yen 430
million and the net profit at Yen 268 million, respectively, compared with Yen
44 million recurring profit and Yen 205 million net losses, respectively, a
year ago. .
For the term that
ended Mar 2013 the recurring profit was projected at Yen 450 million and the
net profit at Yen 280 million respectively, on a 4% rise in turnover, to Yen
11,200 million. Final results are yet to
be released.
The financial situation
is considered FAIR and good for ORDINARY business engagements.
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 (20%), 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
izai, Kanda Electronics Ind, Nakahara (20%) Jushi Ind, Okamoto Electronics
Corp, Sa-nyuu Co, Faltec Co, Taiho Denshi Co, other.
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
SMBC (Mitadori)
Mizuho Bank
(Shiba)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
|
|
Annual
Sales |
|
11,200 |
10,720 |
8,460 |
9,660 |
|
Recur.
Profit |
|
450 |
430 |
44 |
346 |
|
Net
Profit |
|
280 |
268 |
-205 |
265 |
|
Total
Assets |
|
|
5,949 |
4,832 |
5,303 |
|
Current
Assets |
|
|
4,635 |
3,489 |
3,624 |
|
Current
Liabs |
|
|
1,729 |
1,107 |
1,556 |
|
Net
Worth |
|
|
2,700 |
2,431 |
2,639 |
|
Capital,
Paid-Up |
|
|
385 |
385 |
385 |
|
Div.Ttl
in Million (¥) |
|
|
0.00 |
2 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.48 |
26.71 |
-12.42 |
-11.36 |
|
|
Current Ratio |
|
.. |
268.07 |
315.18 |
232.90 |
|
N.Worth Ratio |
.. |
45.39 |
50.31 |
49.76 |
|
|
R.Profit/Sales |
|
4.02 |
4.01 |
0.52 |
3.58 |
|
N.Profit/Sales |
2.50 |
2.50 |
-2.42 |
2.74 |
|
|
Return On Equity |
.. |
9.93 |
-8.43 |
10.04 |
|
Notes: Forecast
(or estimated) figures for the 31/03/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.74 |
|
|
1 |
Rs.88.53 |
|
Euro |
1 |
Rs.75.20 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.