MIRA
INFORM REPORT
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Report Date : |
06.01.2012 |
IDENTIFICATION DETAILS
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Name : |
UNIPLAS CORPORATION |
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Registered Office : |
Shizuka Bldg 4F, 2-7-4 Utsubo-Honmachi
Nishiku Osaka 550-0004 |
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Country : |
Japan |
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Financials (as on) : |
30.06.2011 |
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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 |
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No. of Employees : |
35 |
RATING & COMMENTS
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MIRAs 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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Maximum Credit Limit : |
Yen 63.0 Million |
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Status : |
Satisfactory |
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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 September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
Company name and address
UNIPLAS CORPORATION
REGD NAME: Uniplas
KK
MAIN OFFICE: Shizuka
Bldg 4F, 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
Akihiko Sugitani,
dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 3,450 M
PAYMENTS REGULAR CAPITAL Yen 20 M
TREND UP WORTH Yen 148 M
STARTED 1963 EMPLOYES 35
COMMENT
TRADING FIRM SPECIALIZING IN MONO FILAMENT, OTHER.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
YEN 63.0 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/2011 fiscal term amounted to Yen 3,450 million,
an 82% up from Yen 1,900 million in the previous term. This is attributed to the inclusion of one of
its subsidiaries to a consolidated subsidiary and sales grew. The net profit was posted at Yen 30 million,
compared with Yen 1 million a year ago.
For the current term ending Jun 2012
the net profit is projected at Yen 35 million, on a 4% rise in turnover, to Yen
3,600 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 63.0 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 (24), Takanori Ikushima (20), 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, Gunze Ltd, Uniplas Shiga, YGK
Corp, other.
Exports to: Malaysia, China, Indonesia,
Taiwan, Egypt, other
No. of accounts:
300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Uniplas Machinery (65%), Mitsubishi Engineering Plastics, Asagoe
Machine Mfg Co, Ube Industrial, 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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30/06/2012 |
30/06/2011 |
30/06/2010 |
30/06/2009 |
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Annual
Sales |
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3,600 |
3,450 |
1,900 |
2,000 |
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Recur.
Profit |
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Net
Profit |
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35 |
30 |
1 |
2 |
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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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148 |
118 |
117 |
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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 |
4.35 |
81.58 |
-5.00 |
-9.09 |
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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 |
0.97 |
0.87 |
0.05 |
0.10 |
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Notes: Financials
are only partially disclosed.
Forecast (or estimated)
figures for the 30/06/2012 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.52.78 |
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1 |
Rs.82.33 |
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Euro |
1 |
Rs.68.19 |
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 SCs 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.