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Report Date : |
18.06.2012 |
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) : |
31.12.2011 |
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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 (Yugen Kaisha) |
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Line of Business : |
Import, wholesale of GPS goods, GPS boards |
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No. of Employees : |
5 |
RATING & COMMENTS
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MIRAs 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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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
HEMISPHERE INC
REGD NAME: YK
Hemisphere
MAIN OFFICE: Sophia
Kamiyacho Bldg 2F, 16-3 Kamiyacho Nakaharaku Kawasaki 211-0015
Tel:
044-223-7071 Fax: 044-223-7072
URL: http://www.hemgps.com/
E-mail: sales@hemgps.com
Import, wholesale of
GPS goods, GPS boards
Nil
YOSHIHISA OGAWA,
PRES
Masaaki Honda, dir
Satoshi Kitaoka,
dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES R/WEAK A/SALES Yen 136 M
PAYMENTS SLOW CAPITAL Yen 3 M
TREND SLOW WORTH Yen 18 M
STARTED 2006 EMPLOYES 5
TRADING FIRM
SPECIALIZING IN GPS GOODS & BOARDS
FINANCIAL SITUATION CONSIDERED RATHER WEAK
AND DOUBTFUL FOR CREDIE ENGAGEMENTW: US$50,000 / O/A 30 DAYS
The subject company was established
by Yoshihisa Ogawa on obtaining import agency agreement from Hemisphere GPS,
Canada, a division of CSI Wireless Inc.
Imports GPS goods & boards: GPS receivers, boards, compass, other. .
Financials are
only partially disclosed.
The sales volume for Dec/2011 fiscal
term amounted to Yen 136 million, a 5% up from Yen 130 million in the previous
term. The net profit was posted at Yen 5
million, compared with Yen 3 million net profit a year ago.
For the current term ending Dec 2012 the net
profit is projected at Yen 5 million, on a 3% rise in turnover, to Yen 140
million.
The financial situation is
considered RATHER WEAK but should be good for MODERATE business
engagements.
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.
Activities: Imports and
wholesales GPS receivers, GPS compass, OEM module/boards, imported from
Hemisphere GPS, Canada, as sole import agent (--100%)
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, Canada
Payment record: Slow
Location: Business area in
Kawasaki. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Mizuho Bank
(Musashikosugi)
Relations: Money
deposits & transfers only
(In Million Yen)
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31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
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Annual
Sales |
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140 |
136 |
130 |
131 |
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Recur.
Profit |
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Net
Profit |
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5 |
5 |
3 |
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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18 |
13 |
10 |
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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 |
2.94 |
4.62 |
-0.76 |
9.17 |
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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 |
3.57 |
3.68 |
2.31 |
1.53 |
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Notes: Financials
are only partially disclosed.
Forecast (or
estimated) figures for the 31/12/2012 fiscal term
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.76 |
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|
1 |
Rs.86.69 |
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Euro |
1 |
Rs.70.44 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 |
-- |
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.