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Report Date : |
16.03.2013 |
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) : |
30.06.2012 |
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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 : |
22 |
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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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
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 |
japan - ECONOMIC OVERVIEW
In the years following World War II, government-industry cooperation, a strong work ethic, mastery of high technology, and a comparatively small defense allocation (1% of GDP) helped Japan develop a technologically advanced economy. Two notable characteristics of the post-war economy were the close interlocking structures of manufacturers, suppliers, and distributors, known as keiretsu, and the guarantee of lifetime employment for a substantial portion of the urban labor force. Both features are now eroding under the dual pressures of global competition and domestic demographic change. Japan's industrial sector is heavily dependent on imported raw materials and fuels. A tiny agricultural sector is highly subsidized and protected, with crop yields among the highest in the world. Usually self-sufficient in rice, Japan imports about 60% of its food on a caloric basis. Japan maintains one of the world's largest fishing fleets and accounts for nearly 15% of the global catch. For three decades, overall real economic growth had been spectacular - a 10% average in the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth slowed markedly in the 1990s, averaging just 1.7%, largely because of the after effects of inefficient investment and an asset price bubble in the late 1980s that required a protracted period of time for firms to reduce excess debt, capital, and labor. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2011 stood as the fourth-largest economy in the world after second-place China, which surpassed Japan in 2001, and third-place India, which edged out Japan in 2011. A sharp downturn in business investment and global demand for Japan's exports in late 2008 pushed Japan further into recession. Government stimulus spending helped the economy recover in late 2009 and 2010, but the economy contracted again in 2011 as the massive 9.0 magnitude earthquake in March disrupted manufacturing. Electricity supplies remain tight because Japan has temporarily shut down almost all of its nuclear power plants after the Fukushima Daiichi nuclear reactors were crippled by the earthquake and resulting tsunami. Estimates of the direct costs of the damage - rebuilding homes, factories, and infrastructure - range from $235 billion to $310 billion, and GDP declined almost 0.5% in 2011. Prime Minister Yoshihiko NODA has proposed opening the agricultural and services sectors to greater foreign competition and boosting exports through membership in the US-led Trans-Pacific Partnership trade talks and by pursuing free-trade agreements with the EU and others, but debate continues on restructuring the economy and reining in Japan's huge government debt, which exceeds 200% of GDP. Persistent deflation, reliance on exports to drive growth, and an aging and shrinking population are other major long-term challenges for the economy.
|
Source
: CIA |
UNIPLAS CORPORATION
Uniplas KK
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
Import,
export, wholesale of mono-filament, synthetic resin, machinery
Shiga
Singapore
Uniplas
Shiga Co Ltd (subsidiary)
TAKANORI
IKUSHIMA, PRES
Takao
Ikushima, dir
Yen
Amount: In million Yen, unless otherwise
stated
FINANCES FAIR SALES
Yen 3,096 M
PAYMENTSREGULAR CAPITAL Yen
20 M
TREND SLOW WORTH Yen 207 M
STARTED 1963 EMPLOYES 22
TRADING FIRM SPECIALIZING IN MONO FILAMENT, OTHER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by Takao Ikushima 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.
Financials are only partially disclosed.
The sales volume for Jun/2012 fiscal term amounted to Yen 3,096 million, a 10% down from Yen 3,450 million in the previous term. Exports were hurt by the high Yen, reducing revenues in Yen terms. The net profit was posted at Yen 59 million, compared with Yen 30 million a year ago. Some extraordinary profits are included in the profits this term.
For the current term ending Jun 2013 the net profit is projected at Yen 60 million, on a 3% rise in turnover, to Yen 3,200 million.
The financial situation is considered FAIR and good for ORDINARY business engagements.
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 (30), Takanori Ikushima (24), Takao Maki
(3), other
No. of shareholders: 12
Nothing
detrimental is known as to the commercial morality of executives.
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
(In Million Yen)
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Terms Ending: |
|
30/06/2013 |
30/06/2012 |
30/06/2011 |
30/06/2010 |
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Annual
Sales |
|
3,200 |
3,096 |
3,450 |
1,900 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
60 |
59 |
30 |
1 |
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Total
Assets |
|
|
N/A |
N/A |
N/A |
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Net
Worth |
|
|
207 |
148 |
118 |
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Capital,
Paid-Up |
|
|
20 |
20 |
20 |
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Div.P.Share(¥) |
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|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.36 |
-10.26 |
81.58 |
-5.00 |
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Current Ratio |
|
|
.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
.. |
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N.Profit/Sales |
1.88 |
1.91 |
0.87 |
0.05 |
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Notes:
Financials are only disclosed.
Forecast
(or estimated) figures for the 30/06/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.16 |
|
UK Pound |
1 |
Rs.81.74 |
|
Euro |
1 |
Rs.70.50 |
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 |
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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 |
|
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 |
|
<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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.