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Report Date : |
14.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
FUJICELL TECHNO CORPORATION |
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|
|
|
Registered Office : |
1-10-1 Masugata Tamaku Kawasaki Kanagawa-Pref 214-0032 |
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Country : |
Japan |
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|
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Financials (as on) : |
31.08.2012 |
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Date of Incorporation : |
February 1996 |
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|
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Com. Reg. No.: |
0200-01-075183 (Kawasaki-Tamaku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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|
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Line of Business : |
Manufacturer of solar system, Import, export, wholesale of batteries, storage media |
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|
|
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No. of Employees : |
6 |
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 : |
Regular |
|
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
FUJICELL TECHNO CORPORATION
REGD NAME: Fujicell
Techno KK
MAIN OFFICE: 1-10-1
Masugata Tamaku Kawasaki Kanagawa-Pref 214-0032 JAPAN
Tel:
044-934-9911 Fax: 044-934-9912
E-Mail address: sales@fujicell.net
Mfg of solar
system, Import, export, wholesale of batteries, storage media, other
Nil
USA
At the caption
address
KEIKO MURAKAMI,
PRES
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 250 M
PAYMENTSREGULAR CAPITAL Yen
10 M
TREND UP WORTH Yen 122 M
STARTED 1996 EMPLOYES 6
MFR OF SOLAR SYSTEM.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
This company
specializes in mfg solar cell systems, and a trading firm for import, export
and wholesale of dry cell batteries, digital cameras, watches, LED headlight,
computer, handbags, other. Goods are
imported from India, USA, China, other, and exported to USA, Australia, New
Zealand, Near/Mid East countries, other.
Goods are supplied from major Japanese electronic makers, other.
Financials are only
partially disclosed.
The sales volume for Aug/2012 fiscal term
amounted to Yen 250 million, a 25% up from Yen 200 million in the previous
term. Sales networks were expanded and
exports were robust. The net profit was
posted at Yen 18 million, compared with Yen 16 million a year ago.
For the current term
ending Aug 2013 the net profit is projected at Yen 20 million, on a 4% rise in
turnover, to Yen 260 million. Business
is seen expanding steadily.
The financial
situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Feb 1996
Regd No.:
0200-01-075183 (Kawasaki-Tamaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%): Keiko Murakami,
others (--100)
No. of shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures
solar cell systems; imports, exports and wholesales: dry cell batteries,
digital cameras, computers, storage media & multimedia products, LED
headlight, SD cards, SD memory cards, multimedia cards, memory stick, handbags,
watches, others (--100%)
(Items
details):
Batteries:
super
heavy duty, super alkaline, rechargeable, photo lithium;
Storage
Media: compact flash, memory stick, smart media, AD memory card, multi media
card, CF-R, CD-TW, DVD-T, DVD-TW;
Multi
Media Products: home theaters, touch screen & roof mount type DVD players for
automobiles, other
Clients: [Mfrs,
wholesalers] Exports to USA, Australia, New Zealand, Near/Mid East countries,
other
Domestically: JVC Kenwood Corp, Panasonic
Corp0, Fujitsu Ltd, Sony Corp, other
No. of accounts:
200
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Imports from India, China, USA, other
Also supplied domestic makers, wholesalers,
other
Payment record: Regular
Location: Business area in
Kawasaki. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
SMBC (Ogikubo)
Relations:
Satisfactory
(In Million
Yen)
|
Terms Ending: |
|
31/08/2013 |
31/08/2012 |
31/08/2011 |
31/08/2010 |
|
Annual
Sales |
|
260 |
250 |
200 |
200 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
20 |
18 |
16 |
15 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
122 |
104 |
88 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.00 |
25.00 |
0.00 |
100.00 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
7.69 |
7.20 |
8.00 |
7.50 |
|
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.58.41 |
|
|
1 |
Rs.91.62 |
|
Euro |
1 |
Rs.78.12 |
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.