MIRA INFORM REPORT
|
Report Date : |
26.11.2014 |
IDENTIFICATION DETAILS
|
Correct Name : |
NACHI-FUJIKOSHI CORPORATION |
|
|
|
|
Registered Office : |
Shiodome Sumitomo Bldg 17F, 1-9-2 Higashi-Shimbashi
Minatoku |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.11.2010 |
|
|
|
|
Date of Incorporation : |
December
1928 |
|
|
|
|
Com. Reg. No.: |
(Tokyo-Minatoku) 026852 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Manufacturing of bearings, precision tools |
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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name
NACHI-FUJIKOSHI CORPORATION
REGD NAME
KK Fujikoshi
MAIN OFFICE
Shiodome Sumitomo Bldg 17F, 1-9-2 Higashi-Shimbashi Minatoku
Tel: 03-5565-5111 Fax: 03-5568-5236
*.. Headquarters at: 1-1-1 Fujikoshi-Honmachi
URL: http://www.nachi-fujikoshi.co.jp/
E-Mail address: webmaster@nachi-fujikoshi.co.jp
ACTIVITIES
Mfg of
bearings, precision tools
BRANCHES
OVERSEAS
FACTORIES
CHIEF EXEC
HIROO
HONMA, PRES & CEO
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 134,807 M
PAYMENTS REGULAR CAPITAL Yen 16,074 M
TREND SLOW WORTH Yen
54,493 M
STARTED 1928 EMPLOYES 5,494
COMMENT
MFR SPECIALIZING IN SPECIALTY STEEL AND PRECISION TOOLS.
FINANCIAL SITUATION COSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 2,826.0 MILLION, 30 DAYS NORMAL TERMS.
Forecast (or
estimated) figures for 30/11/2011 fiscal term
HIGHLIGHTS
The subject company is a leading mfr of high-grade specialty steel and
precision tools. Originally started in
cutting tools, and has since diversified into large product line including
machine tools, bearings, hydraulic equipment, industrial robots, electronic
equipment and FA systems. Known world
widely by “Nachi” brand. Clients include
major car assemblers, other precision tools makers, etc, nationwide. Part orders, mainly for auto bearings, are
strong. Sales of hydraulic equipment are
also expanding. Regarding effects of
earthquake and Tsunami in the
FINANCIAL INFORMATION
The sales volume for Nov/2010 fiscal term amounted to Yen 134,807
million, a 25.3% up from Yen 107,586 million in the previous term. While domestic sales inched down, sales of
automobile bearing continued to rise, driven by steady growth in sales in the
For the current term ending Nov 2011 the recurring profit is projected
at Yen 9,500 million and net profit at Yen 7,000 million, respectively, on an
18.7% rise in turnover, to Yen 160,000 million.
The firm started up production of hydraulic equipment in
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 2,826.0 million, on normal terms.
REGISTRATION
Date Registered: Dec 1928
Regd No.: (Tokyo-Minatoku) 026852
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
600 million shares
Issued: 249,198,436 shares
Sum: Yen 16,074 million
Major shareholders
(%): Nachi Wanei S/Holding (6.2), Toyota Motor (5.2), Employees’ S/Holding
Assn (4.9), MUFG (4.7), Hokuriku Bank (3.4), Chuo Mitsui Trust & Banking
(2.5), Japan Trustee Services T (2.3), Nachi Customers S/Holding Assn (2.1),
Sumitomo Life Ins (2.0), Okaya Co (1.9); foreign owners (3.7)
No. of
shareholders: 21,907
Listed on the
S/Exchange (s) of:
Managements: Hiroo Honma,
pres; Yukihiko Tanaka, mgn dir; Hiroyasu Shiba, mgn dir; Kiyoshi Nakagawa, mgn
dir; Makoto Sasaki, mgn dir; Tadashi Katayama, mgn dir; Atsushi Seki, dir;
Hideo Terakoshi, dir; Zenshiro Kaneko, dir
Nothing detrimental is known as to the commercial morality of
executives.
Related companies: Nachi Kanto, Nachi America Inc, other
OPERATION
Activities: Manufactures
machinery & tools bearings (34%), parts (58%), others (8%)
Overseas Sales
Ratio (37.6%): North America 18.7%, Europe 4.3%,
(Mfg items):
Machining: cutting tools,
forming tools, cutting saws, machine tools, precision machinery, machining
systems;
Robots: robot systems,
electronic equipments;
Components: bearings,
hydraulic equipment, automotive parts, seismic isolation system, filtration
system
Clients: [Car makers,
precision tools makers] Toyota Motor, Honda Motor, Koyo Seiko, Denso Corp,
Aisin AW, other.
No. of accounts: 1,000
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Matsushita Electric Ind, Asahi Steel, Tsubaki Nakashima Co,
Mitsubishi Steel Mfg, other.
Payment record:
Regular
Location:
Business area in
Bank References:
UFJ
Bank (
Hokuriku
Bank (H/O)
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
FINANCES: (Consolidated
in million yen) |
|
|||||
|
|
|
Terms Ending: |
30/11/2010 |
30/11/2009 |
||
|
INCOME STATEMENT |
|
|
||||
|
|
Annual Sales |
|
134,807 |
107,586 |
||
|
|
Cost of Sales |
106,114 |
91,569 |
|||
|
|
GROSS PROFIT |
28,693 |
16,017 |
|||
|
|
Selling & Adm Costs |
20,447 |
19,234 |
|||
|
|
OPERATING PROFIT |
8,245 |
-3,217 |
|||
|
|
Non-Operating P/L |
-1,746 |
-1,834 |
|||
|
|
RECURRING PROFIT |
6,499 |
-5,051 |
|||
|
|
NET PROFIT |
5,562 |
-7,449 |
|||
|
BALANCE SHEET |
|
|
|
|||
|
|
Cash |
|
18,868 |
28,373 |
||
|
|
Receivables |
|
30,861 |
23,655 |
||
|
|
Inventory |
|
25,472 |
23,629 |
||
|
|
Securities, Marketable |
|
|
|||
|
|
Other Current Assets |
3,267 |
5,145 |
|||
|
|
TOTAL CURRENT ASSETS |
78,468 |
80,802 |
|||
|
|
Property & Equipment |
77,057 |
81,072 |
|||
|
|
Intangibles |
|
308 |
391 |
||
|
|
Investments, Other Fixed Assets |
14,683 |
13,983 |
|||
|
|
TOTAL ASSETS |
170,516 |
176,248 |
|||
|
|
Payables |
|
28,952 |
18,147 |
||
|
|
Short-Term Bank Loans |
15,330 |
30,042 |
|||
|
|
|
|
|
|
||
|
|
Other Current Liabs |
29,587 |
21,312 |
|||
|
|
TOTAL CURRENT LIABS |
73,869 |
69,501 |
|||
|
|
Debentures |
|
8,690 |
14,570 |
||
|
|
Long-Term Bank Loans |
20,551 |
29,694 |
|||
|
|
Reserve for Retirement Allw |
7,107 |
6,339 |
|||
|
|
Other Debts |
|
5,805 |
6,616 |
||
|
|
TOTAL LIABILITIES |
116,022 |
126,720 |
|||
|
|
MINORITY INTERESTS |
|
|
|||
|
|
Common
stock |
16,074 |
16,074 |
|||
|
|
Additional
paid-in capital |
11,560 |
11,561 |
|||
|
|
Retained
earnings |
30,001 |
24,967 |
|||
|
|
Evaluation
p/l on investments/securities |
2,840 |
2,377 |
|||
|
|
Others |
|
(5,801) |
(5,276) |
||
|
|
Treasury
stock, at cost |
(181) |
(176) |
|||
|
|
TOTAL S/HOLDERS` EQUITY |
54,493 |
49,527 |
|||
|
|
TOTAL EQUITIES |
170,516 |
176,248 |
|||
|
CONSOLIDATED CASH FLOWS |
|
|
||||
|
|
|
Terms ending: |
30/11/2010 |
30/11/2009 |
||
|
|
Cash
Flows from Operating Activities |
|
20,803 |
-2,161 |
||
|
|
Cash
Flows from Investment Activities |
-6,008 |
-8,376 |
|||
|
|
Cash
Flows from Financing Activities |
-24,040 |
26,493 |
|||
|
|
Cash,
Bank Deposits at the Term End |
|
18,756 |
28,262 |
||
|
ANALYTICAL RATIOS Terms ending: |
30/11/2010 |
30/11/2009 |
||||
|
|
|
Net
Worth (S/Holders' Equity) |
54,493 |
49,527 |
||
|
|
|
Current
Ratio (%) |
106.23 |
116.26 |
||
|
|
|
Net
Worth Ratio (%) |
31.96 |
28.10 |
||
|
|
|
Recurring
Profit Ratio (%) |
4.82 |
-4.69 |
||
|
|
|
Net
Profit Ratio (%) |
4.13 |
-6.92 |
||
|
|
|
Return
On Equity (%) |
10.21 |
-15.04 |
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.92 |
|
|
1 |
Rs.97.12 |
|
Euro |
1 |
Rs.76.93 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.