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Report No. : |
353001 |
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Report Date : |
08.12.2015 |
IDENTIFICATION DETAILS
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Name : |
F O INTERNATIONAL CO LTD |
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Registered Office : |
2-4-1 Chuoku Kobe Hyogo-Pref 650-0021 |
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Country : |
Japan |
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Financials (as on) : |
30.06.2015 |
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Date of Incorporation : |
June 1998 |
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Com. Reg. No.: |
1400-01-022563 |
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Legal Form : |
Limited Company |
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Line of Business : |
A trading firm for import, export, wholesale and retails of children’s clothing, baby’s wear, accessories, other (--100%) |
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No. of Employees : |
393 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
COMPANY NAME
F O INTERNATIONAL CO LTD
REGD NAME:
F O International
KK
MAIN OFFICE:
2-4-1 Chuoku Kobe
Hyogo-Pref 650-0021 JAPAN
Tel:
078-325-5439 Fax: 078-325-5440
URL:
E-Mail address: (thru the URL)
ACTIVITIES:
Import, wholesale,
retail of children’s clothing, babies’ wear, accessories, etc
BRANCHES:
Tokyo, Fukuoka,
other (Tot 270 locations nationwide)
OVERSEAS:
China, USA,
Thailand
FACTORIES:
China, Thailand,
other (--subcontracted)
OFFICERS:
YUKIYOSHI ONO,
PRES Takao Inoue,
dir
Toru Miyawaki, dir Atsuko Ono, dir
Yen Amount: In million Yen, unless otherwise
stated
SUMMARY:
FINANCES FAIR A/SALES Yen 27,017 M
PAYMENTSREGULAR CAPITAL Yen
10 M
TREND STEADY WORTH Yen 5,632 M
STARTED 1998 EMPLOYES 393
COMMENT:
TRADING FIRM SPECIALIZING IN CHILDREN’S
CLOTHING, OTHER. FINANCIAL SITUATION
CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
ESTIMATED AT YEN 579.5 MILLION, ON 30 DAYS
NORMAL TERMS.
HIGHLIGHTS:
The subject company was established by Yukiyoshi Ono in order to make most of his experience in the subject line of business. This is a trading firm for import, export, wholesale and retail of children’s clothing, babies’ wear, accessories, other. Goods are imported from USA, Europe, Asia, China, other. Clients include children’s clothing stores, sundry & specialty stores, other, nationwide.
FINANCIAL INFORMATION:
The sales volume for Jun/2015 fiscal term amounted to Yen 17,017 million, a 6% up from
Yen 25,568 million in the previous term. The recurring profit was posted at Yen 1,224 million and the net profit at Yen 1,456 million, respectively, compared with Yen 1,839 million net profit, a year ago.
For the current term ending Jun 2016 the recurring profit is projected at Yen 1,300 million and the net profit at Yen 1,550 million, respectively, on a 5% rise in turnover, to Yen 28,300 million. The weaker Yen will contribute to raise earnings in Yen terms.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 579.5 million, on 30 days normal terms.
REGISTRATION
Date Registered: Jun 1998
Regd No.:
1400-01-022563
(Kobe-Chuoku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 40,000
shares
Issued: 20,000
shares
Sum: Yen
10 million
Major
shareholders (%): F O Holdings* (42.5), Yukiyoshi Ono (27.5), Y&A Corp
(12.5)
*.. Holding Company
of the FO Group firms
No.
of shareholders: 6
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION:
Activities: A trading firm for
import, export, wholesale and retails of children’s clothing, baby’s wear,
accessories, other (--100%)
Retail
(78.5%), wholesale (21.5%)
Clients: [Mfrs,
wholesalers] Consumers (for retail), Heiwado, Aming Co, Humania International,
Recruit Inc, other
No. of accounts:
300 (Wholesales)
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Imports from China, Thailand, other
Payment record: Regular
Location: Business area in
Kobe. Office premises at the caption
address are owned and maintained satisfactory.
Bank References:
SMBC (Kobe)
MUFG (Kobe)
Relations:
Satisfactory
FINANCES
(In Million
Yen)
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Terms Ending: |
30/06/2016 |
30/06/2015 |
30/06/2014 |
30/06/2013 |
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Annual
Sales |
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28,300 |
27,017 |
25,568 |
23,009 |
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Recur.
Profit |
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1,300 |
1,224 |
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3,230 |
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Net
Profit |
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1,550 |
1,456 |
1,839 |
1,677 |
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Total
Assets |
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16,045 |
17,280 |
15,646 |
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Current
Assets |
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11,737 |
10,767 |
10,105 |
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Current
Liabs |
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6,799 |
9,088 |
8,253 |
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Net
Worth |
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5,632 |
7,393 |
6,040 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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Div.Ttl
in Million (¥) |
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2,550 |
550 |
550 |
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<Analytical Data> |
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(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
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4.75 |
5.67 |
11.12 |
13.95 |
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Current Ratio |
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.. |
172.63 |
118.47 |
122.44 |
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N.Worth Ratio |
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35.10 |
42.78 |
38.60 |
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R.Profit/Sales |
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4.59 |
4.53 |
.. |
14.04 |
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N.Profit/Sales |
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5.48 |
5.39 |
7.19 |
7.29 |
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Return On Equity |
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.. |
25.85 |
24.87 |
27.76 |
Notes: Forecast
(or estimated) figures for the 30/06/2016 fiscal term.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.