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Report No. : |
357686 |
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Report Date : |
30.12.2015 |
IDENTIFICATION DETAILS
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Name : |
FB CO LTD |
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Registered Office : |
2-36-2 Torii-Dori Nakamuraku Nagoya 453-0044 |
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Country : |
Japan |
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Financials (as on) : |
28.02.2015 |
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Date of Incorporation : |
February 1976 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufactures Women’s Fashion Clothing: One-Piece Dress, Suits, Blouse, Coat, Jacket, Skirt, Pants, Other (--100%) |
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No. of Employees : |
72 |
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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
FB CO LTD
REGD NAME: KK
F. B.
MAIN OFFICE: 2-36-2
Torii-Dori Nakamuraku Nagoya 453-0044 JAPAN
Tel: 052-482-7171 Fax: 052-482-7261
URL: http://www.Fb-fashion.com
E-Mail address: (thru the URL)
ACTIVITIES:
Mfg of women’s
fashion clothing, underwear
BRANCHES:
Nagoya (2)
OVERSEAS:
Bangladesh, India,
China, Thailand
FACTORIES: Bangladesh,
India, China, Thailand (--partnership factories)
OFFICERS:
KATSUNORI
YOSHIKAWA, PRES
Yukio Ando, ch Junko Ando, v ch
Mieko Ando, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 2,916 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 100 M
TREND STEADY WORTH Yen 1,230 M
STARTED 1976 EMPLOYES 72
COMMENT:
MFR OF WOMEN’S FASHION CLOTHING. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by Yukio Ando in order to make most of his experience in the subject line of business. This is basically a trading firm, with mfg division, specializing in women’s fashion clothing and underwear. Mfg is at overseas partnership factories: India, China, Bangladesh and Thailand. Goods are all imported. Clients include supermarkets, chain stores, other.
The sales volume for Feb/2015 fiscal term amounted to Yen 2,916 million, an 11% up from Yen 2,618 million in the previous term. Production in overseas factories rose and imports increased. Recurring profit posted at Yen 43 million and the net profit at Yen 45 million, respectively, compared with Yen 27 million recurring profit and Yen 5 million net profit, respectively, a year ago.
For the current term ending Feb 2016 the recurring profit is projected at Yen 45 million and the net profit at Yen 45 million, respectively, on a 5% rise in turnover, to Yen 3,060 million. The weaker Yen will raise import revenues in Yen terms.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Feb 1976
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 804,000
shares
Issued: 201,000
shares
Sum: Yen
100.5 million
Major
shareholders (%): Yukio Ando (50), Junko Ando (20), Katsunori Yoshikawa
(15),
Mieko Ando (5), Ryosuke Ando (5)
No.
of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures women’s fashion clothing: one-piece dress, suits, blouse, coat, jacket, skirt, pants, other (--100%)
Goods are manufactures at overseas partnership factories in Inia, China, Bangladesh and Thailand and imported therefrom.
Clients: [Mfrs, wholesalers]
Shimamura Co, Nissen Co, Belluna Co, Dinos Cecile Co, Scroll Corp, Ito-Yokado,
Aeon Retail, Daiei Corp, Izumiya, other
No. of accounts:
450
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Imports from partnership makers in India, Bangladesh, China,
Thailand, Korea, Taiwan, other.
Domestically supplied from: Takihyo Co,
Nakaden Keori, Kiyohara & Co, other
Payment record: No Complaints
Location: Business area in
Nagoya. Office premises at the caption
address are owned and maintained satisfactory.
Bank References:
Ogaki Kyoritsu
Bank (Kurokawa)
MUFG
(Nagoya-Ekimae)
Relations:
Satisfactory
(In Million
Yen)
|
Terms Ending: |
29/02/2016 |
28/02/2015 |
28/02/2014 |
28/02/2013 |
|
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Annual
Sales |
|
3,060 |
2,916 |
2,618 |
2,466 |
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Recur.
Profit |
|
45 |
43 |
27 |
80 |
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Net
Profit |
|
45 |
45 |
5 |
48 |
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Total
Assets |
|
|
3,198 |
2,941 |
2,797 |
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Current
Assets |
|
|
1,907 |
1,567 |
1,527 |
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Current
Liabs |
|
|
1,682 |
1,521 |
1,298 |
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Net
Worth |
|
|
1,230 |
1,205 |
1,223 |
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Capital,
Paid-Up |
|
|
100 |
100 |
100 |
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Div.Ttl
in Million (¥) |
|
|
10 |
10 |
10 |
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<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
4.94 |
11.38 |
6.16 |
-8.94 |
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Current Ratio |
|
.. |
113.38 |
103.02 |
117.64 |
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N.Worth Ratio |
|
.. |
38.46 |
40.97 |
43.73 |
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R.Profit/Sales |
|
1.47 |
1.47 |
1.03 |
3.24 |
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N.Profit/Sales |
|
1.47 |
1.54 |
0.19 |
1.95 |
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Return On Equity |
|
.. |
3.66 |
0.41 |
3.92 |
Notes: Forecast (or estimated) figures for the
29/02/2016 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.37 |
|
|
1 |
Rs.98.91 |
|
Euro |
1 |
Rs.72.85 |
|
YEN |
1 |
Rs.0.55 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
TRI |
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Report Prepared
by : |
TPT |
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.