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Report Date : |
06.05.2014 |
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) : |
30.06.2013 |
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Date of Incorporation : |
July, 1992 |
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Com. Reg. No.: |
2900-01-041576 (Fukuoka-Onoji) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturing of nursing care beds & attachments |
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No. of Employees : |
75 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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. Prime Minister Shinzo ABE has declared the economy his
government's top priority; he has overturned his predecessor's plan to
permanently close nuclear power plants and is pursuing an economic revitalization
agenda of fiscal stimulus, monetary easing, and structural reform. Japan joined
the Trans Pacific Partnership negotiations in 2013, a pact that would open
Japan's economy to increased foreign competition and create new export
opportunities for Japanese businesses. Measured on a purchasing power parity
(PPP) basis that adjusts for price differences, Japan in 2013 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 is exceeding 230% of GDP. To
help raise government revenue and reduce public debt, Japan decided in 2013 to
gradually increase the consumption tax to a total of 10% by the year 2015.
Japan is making progress on ending deflation due to a weaker yen and higher
energy costs, but reliance on exports to drive growth and an aging, shrinking
population pose 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, Komaki, Miyagi
Vietnam, S Korea, Malaysia (--affiliate plants)
At the caption address; Vietnam, S Korea, Malaysia
AKITOSHI FUKUYAMA, PRES Masahiro
Jo, s/mgn dir
Hiroto Ishibashi, dir Fumito
Hashiguchi, dir
Tadahiro Kawachiya, dir Shinya
Koga, dir
In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 4,495 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
285 M
TREND UP WORTH Yen
997 M
STARTED 1992 EMPLOYES 75
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, except for the 30/06/2013
fiscal term, where the total assets & net worth figures were disclosed for
the first time. All figures are amended
according to the disclosed figures.
The sales volume for Jun/2013 fiscal term amounted to Yen 4,495 million,
a 17% up from Yen 3,831 million in the previous term. Rising number of elderly population needing
help for rehabilitation & nursing care increased. The net profit was posted at Yen 406 million,
compared with Yen 251 million a year ago
For the current term ending Jun 2014 the net profit is projected at Yen
430 million, on a 6% rise in turnover, to Yen 4,750 million. Business is seen expanding steadily.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Jul 1992
Regd No.: 2900-01-041576 (Fukuoka-Onoji)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
22,860 shares
Issued:
5,715 shares
Sum: Yen 285.755 million
Major shareholders
(%): EKS (15.9), Akitoshi Fukuyama (14.6), Emiko Fukuyama (5.1), Jafco
(4.8), VPIC (4.7)
No. of
shareholders: 40
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%). (Breakdown figures are all about)
(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
|
Terms Ending: |
|
30/06/2014 |
30/06/2013 |
30/06/2012 |
30/06/2011 |
|
Annual Sales |
|
4,750 |
4,495 |
3,831 |
3,208 |
|
Recur. Profit |
|
.. |
.. |
.. |
.. |
|
Net Profit |
|
430 |
406 |
251 |
247 |
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Total Assets |
|
|
2,645 |
N/A |
N/A |
|
Net Worth |
|
|
997 |
591 |
340 |
|
Capital, Paid-Up |
|
|
321 |
321 |
321 |
|
Div.Ttl Million (\) |
|
|
105.00 |
0.00 |
32.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
5.67 |
17.33 |
19.42 |
28.32 |
|
|
Current Ratio |
.. |
.. |
.. |
||
|
N.Worth Ratio |
37.69 |
.. |
.. |
||
|
N.Profit/Sales |
9.05 |
9.03 |
6.55 |
7.70 |
|
Notes: Financials are only partially disclosed. We have obtained total assets & net worth
figures for the 30/06/2013 fiscal term and amended the previous figures in line
with them.
Forecast (or estimated) figures for the 30/06/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.05 |
|
|
1 |
Rs.101.32 |
|
Euro |
1 |
Rs.83.34 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
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|
Report Prepared
by : |
NNA |
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 |
|
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 |
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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.