MIRA INFORM REPORT

 

 

Report Date :

11.07.2012

 

IDENTIFICATION DETAILS

 

Name :

KYOTO PLATEC CO LTD

 

 

Registered Office :

61-2 Morinakauchi Kumiyamacho Kusegun Kyoto-Pref 613-0024

 

 

Country :

Japan

 

 

Financials (as on) :

28.02.2012

 

 

Date of Incorporation :

February 1990

 

 

Com. Reg. No.:

1300-01-033364 (Kyoto-Kusegun Kumiyamacho)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer of electronic parts, plastic mold dies, metal molds, design & printing

 

 

No. of Employees :

70

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

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 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Japan

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company name

 

KYOTO PLATEC CO LTD

 

 

REGD NAME

 

KK Kyoto Platec

 

 

MAIN OFFICE

 

61-2 Morinakauchi Kumiyamacho Kusegun Kyoto-Pref 613-0024 JAPAN

Tel: 075-632-3993      Fax: 075-632-3977

 

URL:                             http://www.kyopla.co.jp

E-Mail address:            (thru the URL)

 

 

ACTIVITIES

 

Mfg of electronic parts, plastic mold dies, metal molds, design & printing

 

 

BRANCHES   

 

Kyoto

 

 

OVERSEAS

 

Hong Kong

 

 

FACTORIES

 

At the caption address; China (2)

 

OFFICERS

 

TOSHIAKI IDE, PRES

Susumu Kurokawa, dir

Hiroyasu Yamaguchi, dir

                       

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES        FAIR                             A/SALES          Yen 8,580 M

PAYMENTS No Complaints   CAPITAL           Yen 40 M

TREND UP                                WORTH            Yen 672 M

STARTED         1990                             EMPLOYES      70

 

 

COMMENT    

 

MFG OF PLASTIC DIES, METAL MOLDS & DOES, OTHER.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

 

 

HIGHLIGHTS

           

The subject company was established by Toshiaki Ide in order to make most of his experience in the subject line of business.  This is a specialized mfr of plastic dies, metal molds & dies, molding, coating & printing, electric components, other.  Operates two mfg factories in China. Clients include major electronics mfrs, wholesalers, other, nationwide.

 

 

FINANCIAL INFORMATION

 

Financials are only partially disclosed.

 

The sales volume for Feb/2012 fiscal term amounted to Yen 8,550 million, a 17% up from Yen 8,550 million in the previous term.  Production in China increased after remodeled/enlarged.  The net profit was posted at Yen 93 million, compared with Yen 74 million a year ago.

 

For the current term ending Feb 2013 the net profit is projected at Yen 95 million, respectively, on a 3% rise in turnover, to Yen 8,800 million.

 

The financial situation is considered FAIR and good for ORDINARY business engagements. 

 

 

REGISTRATION

 

Date Registered:           Feb 1990

Regd No.:            1300-01-033364 (Kyoto-Kusegun Kumiyamacho)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         3,200 shares

Issued:              800 shares

Sum:                   Yen 40 million

    Major shareholders (%): Toshiaki Ide (89)

No. of shareholders: 4

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

           

Activities: Manufactures electronic parts/components, electronic circuit, electronic circuit card (70%), plastic molds/dies (20%), metal molds/dies (10%), including molding, designing & printing, assembling, other. 

 

Clients: [Mfrs, wholesalers] Daikin Ind, Panasonic Healthcare, Hitachi Maxell, Toshiba Lighting & Technology Corp, Diamond Electric Mfg, Kyoraku Sangyo, other 

            No. of accounts: 500

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Toyo Plastics, Taisei Electronics Co, Okamoto Electronics Corp, Mori Electric Co, other.

Imports from China (subsidiary makers) (40%)

 

Payment record: No Complaints

 

Location: Business area in Kusegun, Kyoto-Pref.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:

Kyoto Shinkin Bank (Kumiyama)

SMBC (Kyoto)

Relations: Satisfactory

 

FINANCES

(In Million Yen)

 

　

　

28/02/2013

29/02/2012

28/02/2011

28/02/2010

Annual Sales

　

8,800

8,580

7,350

6,700

Recur. Profit

　

　

　

　

　

Net Profit

　

95

93

74

40

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

672

579

505

Capital, Paid-Up

　

　

40

40

40

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.56

16.73

9.70

-13.53

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

1.08

1.08

1.01

0.60

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 28/02/2013 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.81

UK Pound

1

Rs.86.53

Euro

1

Rs.68.58

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.