MIRA INFORM REPORT

 

 

Report Date :

29.05.2013

 

IDENTIFICATION DETAILS

 

Name :

FUJI PRINTING INK MFG CO LTD

 

 

Registered Office :

2-134 Kita-Itami Kita-Itami City Hyogo-Pref 664-0831

 

 

Country :

Japan

 

 

Financials (as on) :

31.05.2012

 

 

Date of Incorporation :

Jul 1942

 

 

Com. Reg. No.:

1400-01-080211 (Hyogo-Kita-Itami)

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Manufacture Gravure Printing Ink, Printing Ink, Laminating

 

 

No. of Employees :

41

 

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

 

 

 

 

 

 

COMPANY NAME

 

FUJI PRINTING INK MFG CO LTD

 

REGD NAME

 

Fuji Ink Kogyo KK

 

MAIN OFFICE

 

2-134 Kita-Itami Kita-Itami City Hyogo-Pref 664-0831 JAPAN

Tel: 072-770-5617      Fax: 072-770-2450

 

URL:                 http://www.fujiink.co.jp

 

E-Mail address: info@fujiink.co.jp

 

ACTIVITIES

           

Mfg of printing ink, gravure printing ink, laminating, other

 

BRANCHES

 

Osaka, Fukuoka

 

OVERSEAS

           

China (agent)

 

FACTORIES

           

At the caption address; Fukuoka (laminating)

 

OFFICERS

 

YOSHINARI SAKAMOTO, PRES

Tohru Ban, ch

Makoto Ban, s/mgn dir 

           

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY

 

FINANCES        FAIR                             A/SALES          Yen 1,466 M

PAYMENTSNO COMPLAINTS    CAPITAL           Yen 49 M

TREND UP                                WORTH            Yen 312 M

STARTED         1942                             EMPLOYES      41

 

COMMENT

           

MFR OF GRAVURE PRINTING INKS.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 15.5 MILLION, 30 DAYS NORMAL TERMS

 

HIGHLIGHTS:

           

            The subject company is an old-established mfr of printing ink.  In 1955 when demand for printing on aluminum foils, plastic films, other, the firm expanded operations to mfr gravure printing ink, marking ink, other.  The use is for printing on aluminum foils (medicine, food, other), condensers, electronic materials, other.  Clients include printing firms, food mfrs, medicine mfrs, other, nationwide

 

FINANCIAL INFORMATION

           

            The sales volume for May/2012 fiscal term amounted to Yen 1,466 million, a 2% up from Yen 5,341 million in the previous term.  The recurring profit was posted at Yen 15 million and the net profit at Yen 13 million, respectively, compared with Yen 70 million recurring profit and Yen 52 million net profit, respectively, a year ago.  Material price hikes ate into profits.

 

            For the current term ending May 2013 the recurring profit is projected at Yen 70 million and the net profit at Yen 50 million, respectively, on a 4% rise in turnover, to Yen 1,520 million.  Business is seen expanding steadily. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 15.5 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:                                    Jul 1942

Regd No.:                                  1400-01-080211 (Hyogo-Kita-Itami)

Legal Status:                             Limited Company (Kabushiki Kaisha)

Authorized:                               3.9 million shares

Issued:                                     990,000 shares

Sum:                                        Yen 49.5 million

      Major shareholders (%):                 Tohru Ban (30), Makoto Ban (18), Shin Ban (10), Atsuko Yokoi (8), Keizo          Sakamoto (8)

No. of shareholders:                 11

 

Nothing detrimental is known as to the commercial morality of executives.

 

OPERATION

           

Activities: Manufacture gravure printing ink, printing ink, laminating, other works (--100%)

 

Gravure printing ink is used in printing on: aluminum foils, plastic films, plastic bags, condenser tubes, electronic materials, PE cables, rubber/plastic hoses, other

 

Clients: [Mfrs, wholesalers] Nissha Printing Co, Toray Coatings, Gravure Japan, Nippon Foil Mfg, Sanko Insatsu, other 

No. of accounts: 500

Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Ogo Sangyo Co, Miki & Co, Nagase & Co, Kouyoh Trading Co, Yamabun Petroleum Co, other

 

Payment record: No Complaints

 

Location: Business area in Kita-Itami, Hyogo-Pref.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:

SMBC (Itami)

MUFG (Itami)

Relations: Satisfactory

 

FINANCES

(In Million Yen)

       Terms Ending:

31/05/2013

31/05/2012

31/05/2011

31/05/2010

Annual Sales

　

1,520

1,466

1,431

1,393

Recur. Profit

　

70

15

70

　

Net Profit

　

50

13

52

46

Total Assets

　

　

1,858

1,855

1,673

Current Assets

　

　

1,054

1,107

　

Current Liabs

　

　

315

435

　

Net Worth

　

　

312

307

264

Capital, Paid-Up

　

　

49

49

49

Div.P.Share(¥)

　

　

　

　

　

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.68

2.45

2.73

7.15

    Current Ratio

 

..

334.60

254.48

..

    N.Worth Ratio

..

16.79

16.55

15.78

    R.Profit/Sales

 

4.61

1.02

4.89

..

    N.Profit/Sales

3.29

0.89

3.63

3.30

    Return On Equity

..

4.17

16.94

17.42

 

Notes: Forecast (or estimated) figures for the 31/05/2013 fiscal term.

           

 

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.