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Report Date : |
02.05.2013 |
IDENTIFICATION DETAILS
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Name : |
Platz Co Ltd |
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Registered Office : |
2-8-39 Nakahata Onoji City Fukuoka-Pref |
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Country : |
Japan |
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Financials (as on) : |
30.06.2012 |
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Date of Incorporation : |
July, 1992 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturer of nursing care beds &
attachments |
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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 |
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Payment Behaviour : |
No Complaints |
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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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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
small agricultural sector is highly subsidized and protected, with crop yields
among the highest in the world. While self-sufficient in rice production, Japan
imports about 60% of its food on a caloric basis. 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.
Modest economic growth continued after 2000, but the economy has fallen into
recession three times since 2008. A sharp downturn in business investment and
global demand for Japan's exports in late 2008 pushed Japan 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 and the ensuing tsunami in March disrupted manufacturing. The
economy has largely recovered in the two years since the disaster, but
reconstruction in the Tohoku region has been uneven. Newly-elected Prime
Minister Shinzo ABE has declared the economy his government's top priority; he
has pledged to reconsider his predecessor's plan to permanently close nuclear
power plants and is pursuing an economic revitalization agenda of fiscal
stimulus and regulatory reform and has said he will press the Bank of Japan to
loosen monetary policy. Measured on a purchasing power parity (PPP) basis that
adjusts for price differences, Japan in 2012 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 2012. The new government will
continue a longstanding debate 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
PLATZ CO LTD
REGD NAME: KK
Platz
MAIN OFFICE: 2-8-39
Nakahata Onoji City Fukuoka-Pref JAPAN
Tel:
092-584-3434 Fax: 092-584-3436
E-Mail address: (thru
the URL)
Mfg of nursing
care beds & attachments
Tokyo, Osaka,
Nagoya, Sendai, Hiroshima
Vietnam, S Korea,
Malaysia (--affiliate plants)
At the caption
address; Vietnam, S Korea, Malaysia
AKITOSHI FUKUYAMA,
PRES Emiko Fukuyama, s/mgn dir
Hiroto Ishibashi,
dir Masahiro Jo, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 3,831 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 285 M
TREND UP WORTH Yen 845 M
STARTED 1992 EMPLOYES 70
MFR OF NURSING CARE BEDS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject
company was established by father of Akitoshi Fukuyama, a medical doctor, in
order to make most of his experience in the subject line of business. This is a specialized mfr of nursing care beds
and attachments (See OPERATION). Started to mfr nursing care beds in
1996. Clients include medical
institutions, hospitals, other
Financials are only partially disclosed.
The sales volume for Jun/2012 fiscal term amounted to Yen 3,831 million,
a 19% 3,208 from Yen ^ million in the previous term. Rising number of elderly population needing
help for rehabilitation & nursing care increased. The net profit was posted at Yen 251 million,
compared with Yen 247 million a year ago
For the current term ending Jun 2013 the net profit is projected at Yen
270 million, on a 7% rise in turnover, to Yen 4,400 million. Business is seen expanding steadily.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 71.7 million, on 30 days normal terms.
Date Registered: Jul
1992
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 22,860
shares
Issued: 5,715
shares
Sum: Yen
285.755 million
Major shareholders (%): EKS (17),
Akitoshi Fukuyama (14), IBIC (12), Emiko Fukuyama (6), Kitakyushu Venture
Capital (5)
No. of shareholders: 41
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures
nursing care beds, home care beds & attachments (92%), healthcare equipment
(6.7%), Steel furniture, others (1.3%)
(Mfg
Items): home care independence support electric beds, home care beds/care
facility beds, nursing care beds, mattress, medical care mattress, products to
accompany nursing care beds (kneeparo, side rails, tables, floor protection
carpets, other), other
Clients: [Mfrs,
wholesalers] Nafco Corp, Caremax Corporation, Nishiken Co, Seki Furniture Co,
As One Corp, Green Plus Co, Itoki Corp, Wiz Co, YK Kaibara, other
No. of accounts:
300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] YK Kaibara, Green Plus Co, other
Imports from affiliated mfrs: Vietnam,
Malaysia, China, Taiwan, Korea, other
Payment record: No Complaints
Location: Business area in
Fukuoka. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
Fukuoka Bank (Tenjincho)
Nishi Nippon City Bank
(H/O)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
|
30/06/2013 |
30/06/2012 |
30/06/2011 |
30/06/2010 |
|
Annual Sales |
|
4,100 |
3,831 |
3,208 |
2,500 |
|
Recur. Profit |
|
.. |
.. |
.. |
.. |
|
Net Profit |
|
270 |
251 |
247 |
108 |
|
Total Assets |
|
|
N/A |
N/A |
N/A |
|
Net Worth |
|
|
845 |
598 |
351 |
|
Capital, Paid-Up |
|
|
285 |
285 |
285 |
|
Div.Ttl in Million \ |
|
|
0.00 |
32.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
7.02 |
19.42 |
28.32 |
19.05 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
6.59 |
6.55 |
7.70 |
4.32 |
|
Notes: Financials are only
partially disclosed.
Forecast (or estimated) figures
for the 30/06/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.28 |
|
|
1 |
Rs.84.23 |
|
Euro |
1 |
Rs.70.90 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.