MIRA
INFORM REPORT
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Report Date : |
12.05.2011 |
IDENTIFICATION DETAILS
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Name |
HEMISPHERE INC |
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Registered Office : |
Sophia Kamiyacho Bldg 2F, 16-3 Kamiyacho Nakaharaku |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
April, 2006 |
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Com. Reg. No.: |
(Kawasaki-Nakaharaku) 081489 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import, wholesale of GPS
goods, GPS boards |
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 2.4 Million |
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Status : |
Moderate |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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 |
Company name
HEMISPHERE INC
REGD NAME: YK
Hemisphere
MAIN OFFICE
Sophia Kamiyacho Bldg
2F, 16-3 Kamiyacho Nakaharaku
Tel:
044-223-7071
Fax: 044-223-7072
E-mail: sales@hemgps.com
ACTIVITIES
Import,
wholesale of GPS goods, GPS boards
BRANCHES
Nil
OFFICER(S)
YOSHIHISA
OGAWA, PRES
Masaaki
Honda, dir
Satoshi
Kitaoka, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 130 M
PAYMENTS REGULAR CAPITAL Yen
3 M
TREND SLOW WORTH Yen
13 M
STARTED 2006 EMPLOYES 5
COMMENT
TRADING
FIRM SPECIALIZING IN GPS GOODS & BOARDS
FINANCIAL SITUATION CONSIDERED
RATHER WEAK AND DOUBTFUL FOR CREDIE ENGAGEMENTW: US$50,000 / O/A 30 DAYS
MAX
CREDIT LIMIT: YEN 2.4 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Yoshihisa Ogawa on
obtaining import agency agreement from Hemisphere GPS,
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Dec/2010 fiscal term amounted to Yen
130 million, a similar amount in the previous term. The net profit was posted at Yen 3 million,
compared with Yen 2 million net profit a year ago.
For the current term ending Dec 2011 the net profit is
projected at Yen 3 million, on a 4% rise in turnover, to Yen 135 million.
The financial situation is considered RATHER WEAK but should
be good for MODERATE business engagements.
The proposed amount is, however, considered TOO HIGH from the recent
financial status. Max credit limit is
estimated at Yen 2.4 million, on 30 days normal terms.
REGISTRATION
Date Registered: Apr 2006
Regd No.: (Kawasaki-Nakaharaku) 081489
Legal Status: Private
Limited Company (Yugen Kaisha)
Regd Capital: Yen 3
million
Major shareholders (%):
Masaaki Honda (50), Satoshi Kitaoka (50)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales GPS receivers,
GPS compass, OEM module/boards, imported from Hemisphere GPS,
Clients: [Mfrs, wholesalers] OKE Service, Amtechs
Corp, GNSA Technologies, other
No. of
accounts: 300
Domestic areas of activities:
Nationwide
Suppliers [Mfrs, wholesalers] Imports from
Hemisphere GPS,
Payment record:
Regular
Location:
Business area in
Bank References
Mizuho
Bank (Musashikosugi)
Relations:
Money deposits & transfers only
FINANCES
(In Million Yen)
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Terms Ending: |
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31/12/2011 |
31/12/2010 |
31/12/2009 |
31/12/2008 |
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Annual
Sales |
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135 |
130 |
131 |
120 |
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Recur.
Profit |
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Net
Profit |
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3 |
3 |
2 |
1 |
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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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13 |
10 |
8 |
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Capital,
Paid-Up |
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3 |
3 |
3 |
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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 |
3.85 |
-0.76 |
9.17 |
114.29 |
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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 |
2.22 |
2.31 |
1.53 |
0.83 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/12/2011 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.44.69 |
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1 |
Rs.73.12 |
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Euro |
1 |
Rs.64.39 |
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.