|
Report Date : |
29.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
FUKUYO EHIME CO LTD |
|
|
|
|
Registered Office : |
2960-5 Guy Niihama Ehime-Pref 792-0050 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.05.2012 |
|
|
|
|
Date of Incorporation : |
June 1998 |
|
|
|
|
Com. Reg. No.: |
5000-01-010273 (Ehime-Niihama) |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Manufacturer of sanitary paper |
|
|
|
|
No. of Employees : |
43 |
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 : |
Usually Correct |
|
|
|
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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 tiny agricultural sector is highly subsidized and protected, with crop yields among the highest in the world. Usually self-sufficient in rice, Japan imports about 60% of its food on a caloric basis. Japan maintains one of the world's largest fishing fleets and accounts for nearly 15% of the global catch. 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. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2011 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 2011. A sharp downturn in business investment and global demand for Japan's exports in late 2008 pushed Japan further 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 in March disrupted manufacturing. Electricity supplies remain tight because Japan has temporarily shut down almost all of its nuclear power plants after the Fukushima Daiichi nuclear reactors were crippled by the earthquake and resulting tsunami. Estimates of the direct costs of the damage - rebuilding homes, factories, and infrastructure - range from $235 billion to $310 billion, and GDP declined almost 0.5% in 2011. Prime Minister Yoshihiko NODA has proposed opening the agricultural and services sectors to greater foreign competition and boosting exports through membership in the US-led Trans-Pacific Partnership trade talks and by pursuing free-trade agreements with the EU and others, but debate continues 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 |
FUKUYO EHIME CO LTD
KK Fukuyo Ehime
2960-5 Guy Niihama
Ehime-Pref 792-0050 JAPAN
Tel:
0897-41-1700 Fax: 0897-41-1701
URL: N/A
Mfg of
sanitary paper
Nil
At the
caption address & adjacent
SUSUMU
FUNAKUSA, PRES
Akihito
Fukuda, rep dir
Masami
Ohta, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 2,116 M
PAYMENTSUsually Correct CAPITAL Yen 30 M
TREND SLOW WORTH Yen 708 M
STARTED 1998 EMPLOYES 43
MFR OF SANITARY PAPER, OWNED BY FUKUYO CO LTD.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established on the basis of a division separated from Fukuyo Co Ltd (See REGISTRATION). This is a specialized mfr of sanitary paper (wet-type), other sanitary goods. Goods are wholly supplied to the parent, Fukuyo Co Ltd.
The sales volume for May/2012 fiscal term amounted to Yen 2,116 million, a 19% down from Yen 1,781 million in the previous term. The recurring profit was posted at Yen 220 million and the net profit at Yen 126 million, respectively, compared with Yen 147 million recurring profit and Yen 88 million net profit, respectively, a year ago.
For the current term ending May 2013 the recurring profit is projected at Yen 230 million and the net profit at Yen 130 million, respectively, on a 4% rise in turnover, to Yen 2,200 million.
The financial situation is considered FAIR and good for
ORDINARY business engagements.
Date Registered: Jun
1998
Regd No.: 5000-01-010273 (Ehime-Niihama)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
2,400 shares
Issued:
600 shares
Sum: Yen 30 million
Major shareholders (%): Fukuyo Co Ltd (100)
*.. Mfr of non-woven cloths, at
the caption address, founded 1977, capital Yen 41 million, sales Yen 11,100 million,
net profit Yen 443 million, employees 37, pres Akihito Fukuda
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures sanitary paper (wet-type), other sanitary goods (--100%)
Clients: [Mfr] Wholly supplied to the parent, Fukyo Co Ltd
No. of accounts: 1
Domestic areas of activities: Centered in Ehime-Pref
Suppliers: [Mfrs, wholesalers] Fukuyo Co Ltd & group firms
Payment record: Usually Correct
Location: Business area in Ehime-Pref. Office premises at the caption address are owned and maintained satisfactorily.
Bank References:
Hyakujushi Bank (Niihama)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/05/2013 |
31/05/2012 |
31/05/2011 |
31/05/2010 |
|
|
Annual
Sales |
|
2,200 |
2,116 |
1,781 |
2,283 |
|
Recur.
Profit |
|
230 |
220 |
147 |
|
|
Net
Profit |
|
130 |
126 |
88 |
79 |
|
Total
Assets |
|
|
946 |
854 |
845 |
|
Current
Assets |
|
|
732 |
675 |
|
|
Current
Liabs |
|
|
238 |
212 |
|
|
Net
Worth |
|
|
708 |
642 |
613 |
|
Capital,
Paid-Up |
|
|
30 |
30 |
30 |
|
Div.Ttl
in Million (¥) |
|
|
60 |
60 |
30 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.97 |
18.81 |
-21.99 |
5.84 |
|
|
Current Ratio |
|
.. |
307.56 |
318.40 |
.. |
|
N.Worth Ratio |
.. |
74.84 |
75.18 |
72.54 |
|
|
R.Profit/Sales |
|
10.45 |
10.40 |
8.25 |
.. |
|
N.Profit/Sales |
5.91 |
5.95 |
4.94 |
3.46 |
|
|
Return On Equity |
.. |
17.80 |
13.71 |
12.89 |
|
Notes:
Forecast (or estimated) figures for the 31/05/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.39 |
|
UK Pound |
1 |
Rs.82.32 |
|
Euro |
1 |
Rs.69.54 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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%)
|
Report Date : |
29.03.2013 |
|
|
|
|
Tel. No.: |
81 897 41 1700 |
IDENTIFICATION DETAILS
|
Name : |
FUKUYO EHIME CO LTD |
|
|
|
|
Registered Office : |
2960-5 Guy
Niihama Ehime-Pref 792-0050 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.05.2012 |
|
|
|
|
Date of Incorporation : |
June
1998 |
|
|
|
|
Com. Reg. No.: |
5000-01-010273 (Ehime-Niihama) |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Manufacturer of sanitary paper |
|
|
|
|
No. of Employees : |
43 |
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 : |
Usually Correct |
|
|
|
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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 tiny agricultural sector is highly subsidized and protected, with crop yields among the highest in the world. Usually self-sufficient in rice, Japan imports about 60% of its food on a caloric basis. Japan maintains one of the world's largest fishing fleets and accounts for nearly 15% of the global catch. 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. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2011 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 2011. A sharp downturn in business investment and global demand for Japan's exports in late 2008 pushed Japan further 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 in March disrupted manufacturing. Electricity supplies remain tight because Japan has temporarily shut down almost all of its nuclear power plants after the Fukushima Daiichi nuclear reactors were crippled by the earthquake and resulting tsunami. Estimates of the direct costs of the damage - rebuilding homes, factories, and infrastructure - range from $235 billion to $310 billion, and GDP declined almost 0.5% in 2011. Prime Minister Yoshihiko NODA has proposed opening the agricultural and services sectors to greater foreign competition and boosting exports through membership in the US-led Trans-Pacific Partnership trade talks and by pursuing free-trade agreements with the EU and others, but debate continues 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 |
FUKUYO EHIME CO LTD
KK Fukuyo Ehime
2960-5 Guy Niihama
Ehime-Pref 792-0050 JAPAN
Tel: 0897-41-1700 Fax: 0897-41-1701
URL: N/A
Mfg of
sanitary paper
Nil
At the
caption address & adjacent
SUSUMU
FUNAKUSA, PRES
Akihito
Fukuda, rep dir
Masami
Ohta, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 2,116 M
PAYMENTS Usually
Correct CAPITAL Yen 30 M
TREND SLOW WORTH Yen 708 M
STARTED 1998 EMPLOYES 43
MFR OF SANITARY PAPER, OWNED BY FUKUYO CO LTD.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established on the basis of a division separated from Fukuyo Co Ltd (See REGISTRATION). This is a specialized mfr of sanitary paper (wet-type), other sanitary goods. Goods are wholly supplied to the parent, Fukuyo Co Ltd.
The sales volume for May/2012 fiscal term amounted to Yen 2,116 million, a 19% down from Yen 1,781 million in the previous term. The recurring profit was posted at Yen 220 million and the net profit at Yen 126 million, respectively, compared with Yen 147 million recurring profit and Yen 88 million net profit, respectively, a year ago.
For the current term ending May 2013 the recurring profit is projected at Yen 230 million and the net profit at Yen 130 million, respectively, on a 4% rise in turnover, to Yen 2,200 million.
The financial situation is considered FAIR and good for
ORDINARY business engagements.
Date Registered: Jun 1998
Regd No.: 5000-01-010273 (Ehime-Niihama)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized: 2,400
shares
Issued:
600 shares
Sum: Yen 30 million
Major shareholders (%): Fukuyo Co Ltd (100)
*.. Mfr of non-woven cloths, at
the caption address, founded 1977, capital Yen 41 million, sales Yen 11,100
million, net profit Yen 443 million, employees 37, pres Akihito Fukuda
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures sanitary paper (wet-type), other sanitary goods (--100%)
Clients: [Mfr] Wholly supplied to the parent, Fukyo Co Ltd
No. of accounts: 1
Domestic areas of activities: Centered in Ehime-Pref
Suppliers: [Mfrs, wholesalers] Fukuyo Co Ltd & group firms
Payment record: Usually Correct
Location: Business area in Ehime-Pref. Office premises at the caption address are owned and maintained satisfactorily.
Bank References:
Hyakujushi Bank (Niihama)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/05/2013 |
31/05/2012 |
31/05/2011 |
31/05/2010 |
|
|
Annual
Sales |
|
2,200 |
2,116 |
1,781 |
2,283 |
|
Recur.
Profit |
|
230 |
220 |
147 |
|
|
Net
Profit |
|
130 |
126 |
88 |
79 |
|
Total
Assets |
|
|
946 |
854 |
845 |
|
Current
Assets |
|
|
732 |
675 |
|
|
Current
Liabs |
|
|
238 |
212 |
|
|
Net
Worth |
|
|
708 |
642 |
613 |
|
Capital,
Paid-Up |
|
|
30 |
30 |
30 |
|
Div.Ttl
in Million (¥) |
|
|
60 |
60 |
30 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.97 |
18.81 |
-21.99 |
5.84 |
|
|
Current Ratio |
|
.. |
307.56 |
318.40 |
.. |
|
N.Worth Ratio |
.. |
74.84 |
75.18 |
72.54 |
|
|
R.Profit/Sales |
|
10.45 |
10.40 |
8.25 |
.. |
|
N.Profit/Sales |
5.91 |
5.95 |
4.94 |
3.46 |
|
|
Return On Equity |
.. |
17.80 |
13.71 |
12.89 |
|
Notes:
Forecast (or estimated) figures for the 31/05/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.39 |
|
UK Pound |
1 |
Rs.82.32 |
|
Euro |
1 |
Rs.69.54 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.