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Report No. : |
309634 |
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Report Date : |
24.02.2015 |
IDENTIFICATION DETAILS
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Name : |
LUKIO CO LTD |
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Registered Office : |
7-22-8 Okusawa Setagayaku Tokyo 155-0032 |
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Country : |
Japan |
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Financials (as on) : |
31.05.2014 |
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Date of Incorporation : |
Aug., 1994 |
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Com. Reg. No.: |
0109-01-023633 (Tokyo-Setagayaku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import and Wholesale of Large-Size Ink-Jet
Printers. |
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No. of Employees : |
16 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
YEN 25.1 MILLION |
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Status : |
Moderate |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
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 small agricultural
sector is highly subsidized and protected, with crop yields among the highest
in the world. While self-sufficient in rice production, Japan imports about 60%
of its food on a caloric basis. 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. Modest economic
growth continued after 2000, but the economy has fallen into recession three
times since 2008. A sharp downturn in business investment and global demand for
Japan's exports in late 2008 pushed Japan 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 and the
ensuing tsunami in March disrupted manufacturing. The economy has largely
recovered in the two years since the disaster, but reconstruction in the Tohoku
region has been uneven. Prime Minister Shinzo ABE has declared the economy his
government's top priority; he has overturned his predecessor's plan to
permanently close nuclear power plants and is pursuing an economic revitalization
agenda of fiscal stimulus, monetary easing, and structural reform. Japan joined
the Trans Pacific Partnership negotiations in 2013, a pact that would open
Japan's economy to increased foreign competition and create new export
opportunities for Japanese businesses. Measured on a purchasing power parity
(PPP) basis that adjusts for price differences, Japan in 2013 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 2012. The new
government will continue a longstanding debate on restructuring the economy and
reining in Japan's huge government debt, which is exceeding 230% of GDP. To
help raise government revenue and reduce public debt, Japan decided in 2013 to
gradually increase the consumption tax to a total of 10% by the year 2015.
Japan is making progress on ending deflation due to a weaker yen and higher
energy costs, but reliance on exports to drive growth and an aging, shrinking
population pose other major long-term challenges for the economy.
|
Source
: CIA |
LUKIO CO LTD
REGD NAME: KK
Lukio
MAIN OFFICE: 7-22-8
Okusawa Setagayaku Tokyo 155-0032 JAPAN
Tel: 03-5758-0687 Fax: 03-5758-0663
URL: http://www.lukio.com
E-Mail address: I_sales@lukio.com
Import, wholesale
of large-size ink-jet printers
Osaka, Fukushima
Fukushima; Yokohama
(show room)
SHOGO FURUYA, PRES
Toshiko Furuya,
dir
Yoshikazu Shima,
dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 1,816 M
PAYMENTSNO COMPLAINTS CAPITAL Yen 80 M
TREND STEADY WORTH Yen 166 M
STARTED 1994 EMPLOYES 16
IMPORTER AND WHOLESALER SPECIALIZING IN
LARGE-SIZE INKJET PRINTERS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
YEN 25.1 MILLION, 30 DAYS NORMAL TERMS.
The subject
company was established by Shogo Furuya in order to make most of his experience
in the subject line of business. Originally named
Optec-Larry Art Co Ltd, in tie-up with Optec Co Ltd, then changed to Nexus Co Ltd
in Jul 1977, and to the captioned name in Sept 1999. Originally started importing and selling
large printers and computers. Now
handles wide format & super wide format digital printers as main
items. In Dec 1999 started sales of NUR
Microcomputers’ products. Then in May
2001 imports started from DGI (Korea).
The firm also handles billboard sign sheets, marking sheets, mesh
sheets, tarpaulin FF sheets, etc, with well entry into billboard sign mfrs
& printing firms. It also offers
maintenance & repairing services nationwide. It acts as import agent for overseas
makers. In Jul 2012 closed
distributorship agreement with Swiss
Print Inkjet Printer, Swiss. In Mar 2014, opened a factory in Fukushima. Clients include inkjet printing firms,
billboard sign printing firms, other.
The sales volume for May/2014 fiscal term amounted to Yen 1,816 million,
a 14% up from Yen 1,600 million
in the previous term. This is attributed to the said opening and start-up of production at
Fukushima Factory. The recurring profit
was posted at Yen 7 million and the net profit at Yen 10 million, respectively,
compared with Yen32 million recurring profit and Yen 8 million net profit,
respectively, a year ago.
For the current term ending May 2015 the recurring profit is projected
at Yen 10million and the net profit at Yen 13 million, respectively, on a 5%
rise in turnover, to Yen 1,900 million.
The production at its Fukushima factory is increasing. Also started LED business. Business is seen expanding steadily and
rapidly.
The financial situation is considered maintained FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 25.1 million, on 30 days normal terms.
Date Registered: Aug
1994
Regd No.: 0109-01-023633
(Tokyo-Setagayaku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 6,400
shares
Issued: 1,600 shares
Sum: Yen
80 million
Major shareholders (%): Shogo Furuya (89), Yoshikazu Shima
(11)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and
wholesales wide format & super wide format digital inkjet printers &
presses, UV-cured ink flatbed printers (66%), billboard sign sheets, marking
sheets, mesh sheets, tarpaulin FF sheets, other related products, including
printers’ consumable supplies & equipment (--33.5%), maintenance, overseas
sales, other (0.5%).
Products are centrally imported, with
partial supply from domestic suppliers.
Clients: [Drafting
equipment mfrs, film mfrs, wholesalers] Fuji Kaseihin Co, Haramachi Sign,
A-Zett Kikaku, Daido Co, Art Link Co, Ad-Max Corp, Shinpo Co, Belle Image Inc,
Saibi Inc, other.
No. of accounts:
500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Agfa Gevalt Japan, Wonbin Japan, Gandinnovations (Canada), DGI
(Korea & Taiwan), NUR Microcomputers (USA), Ritrama, Super Wide, Lintec
Corp, Anderson Club, other.
Payment record: No Complaints
Location:
Business area in Tokyo. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References:
SMBC (Setagaya)
MUFG (Sangenjaya)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/05/2015 |
31/05/2014 |
31/05/2013 |
31/05/2012 |
|
|
Annual
Sales |
|
1,900 |
1,816 |
1,600 |
1,337 |
|
Recur.
Profit |
|
10 |
7 |
3 |
2 |
|
Net
Profit |
|
13 |
10 |
10 |
8 |
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Total
Assets |
|
|
1,597 |
725 |
675 |
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Current
Assets |
|
|
903 |
661 |
627 |
|
Current
Liabs |
|
|
123 |
80 |
85 |
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Net
Worth |
|
|
166 |
155 |
145 |
|
Capital,
Paid-Up |
|
|
80 |
80 |
80 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
4.63 |
13.50 |
19.67 |
17.49 |
|
Current Ratio |
|
.. |
734.15 |
826.25 |
737.65 |
|
N.Worth Ratio |
|
.. |
10.39 |
21.38 |
21.48 |
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R.Profit/Sales |
|
0.53 |
0.39 |
0.19 |
0.15 |
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N.Profit/Sales |
|
0.68 |
0.55 |
0.63 |
0.60 |
|
Return On Equity |
|
.. |
6.02 |
6.45 |
5.52 |
Notes: Forecast figures for the 31/05/2015
fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.18 |
|
|
1 |
Rs.95.71 |
|
Euro |
1 |
Rs.70.76 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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Report Prepared
by : |
NIT |
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 |
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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 |
|
|
-- |
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.