MIRA
INFORM REPORT
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Report Date : |
08.07.2011 |
IDENTIFICATION DETAILS
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Name : |
UNIPLAS CORPORATION |
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Registered Office : |
Shizuka Bldg 4/7F, 2-7-4 Utsubo-Honmachi
Nishiku Osaka 550-0004 |
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Country : |
Japan |
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Financials (as on) : |
30.06.2010 |
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Date of Incorporation : |
July 1963 |
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Com. Reg. No.: |
(Osaka-Nishiku) 048235 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of
mono-filament, synthetic resin, machinery |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Yen 35.1 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
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 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
Name and address
UNIPLAS CORPORATION
REGD NAME: Uniplas
KK
MAIN OFFICE: Shizuka
Bldg 4/7F, 2-7-4 Utsubo-Honmachi Nishiku Osaka 550-0004 JAPAN
Tel: 06-6443-2371 Fax: 06-6443-9112
E-Mail address: info@uniplas.co.jp
ACTIVITIES
Import, export,
wholesale of mono-filament, synthetic resin, machinery
BRANCHES
Shiga
OVERSEAS
Singapore
FACTORIES
Uniplas Shiga Co
Ltd (subsidiary)
OFFICERS
Takao Ikushima, ch TAKANORI
IKUSHIMA, PRES
Toshihiko
Kobayashi, dir Atsuo Mizuno,
dir
Kaoru Ichimura,
dir Akihiko
Sugitani, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,900 M
PAYMENTS REGULAR CAPITAL Yen 20 M
TREND SLOW WORTH Yen
118 M
STARTED 1963 EMPLOYES 25
COMMENT
TRADING FIRM SPECIALIZING IN MONO FILAMENT, OTHER.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
YEN 35.1 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject
company was established by Takao Ikushima, now ch, in order to make most of his
experience in the subject line of business.
Takanori is his son. This is a
trading firm specializing in importing, exporting and wholesaling
mono-filament, synthetic resin, industrial machinery, other. Has two subsidiaries: Uniplas Shiga Co Ltd
(mfg) and Uniplas Machinery Co Ltd (wholesaling). Goods are exported more than imported.
FINANCIAL INFORMATION
Financials are
only partially disclosed.
The sales volume for Jun/2010 fiscal term amounted to Yen 1,900 million,
a 5% down from Yen 2,000 million in the previous term, as affected by the
global economic downturn, particularly in the first half of the term. High Yen hurt exports sales, reducing revenues
& profits in Yen terms. The net
profit was posted at Yen 1 million, compared with Yen 2 million a year ago.
For the current
term ending Jun 2011 the net profit is projected at Yen 2 million, on a 5% rise
in turnover, to Yen 2,000 million. Exports
are robust into China, and other S/E Asian countries.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Max credit limit is estimated at Yen 35.1 million, on 30 days normal
terms.
REGISTRATION
Date Registered: Jul
1963
Regd No.:
(Osaka-Nishiku) 048235
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 160,000 shares
Issued: 40,000 shares
Sum: Yen 20 million
Major
shareholders (%): Takao Ikushima (48)m other
No. of shareholders: 33
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, exports
and wholesales mono-filament, synthetic resins, industrial machinery, other
(--100%).
Clients: [Mfrs, wholesalers]
Ube Industrial, Sekisui Seikei Co, other.
Exports to S/E Asia, Mid East, Africa, other
No. of accounts:
300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Uniplas Machinery, Mitsubishi Engineering Plastics, other
Payment record: Regular
Location: Business area in
Osaka. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Bank of Nagoya
(Osaka)
Mizuho Bank
(Dojima)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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30/06/2011 |
30/06/2010 |
30/06/2009 |
30/06/2008 |
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Annual
Sales |
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2,000 |
1,900 |
2,000 |
2,200 |
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Recur.
Profit |
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Net
Profit |
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2 |
1 |
2 |
3 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net Worth |
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118 |
117 |
114 |
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Capital,
Paid-Up |
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20 |
20 |
20 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
5.26 |
-5.00 |
-9.09 |
-2.22 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
0.10 |
0.05 |
0.10 |
0.14 |
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Notes: Financials
are only partially disclosed.
Forecast (or
estimated) figures for the 30/06/2011 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.42 |
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1 |
Rs.70.95 |
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Euro |
1 |
Rs.63.63 |
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.