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Report Date : |
19.05.2014 |
IDENTIFICATION DETAILS
|
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 |
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Line of Business : |
Manufacturer of Nursing Care Beds, Home Care Beds & Attachments, Healthcare Equipment as well as Steel Furniture |
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No of Employees : |
75 |
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 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 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate 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
KK Platz
2-8-39 Nakahata Onoji City Fukuoka-Pref JAPAN
Tel:
092-584-3434 Fax: 092-584-3436
E-Mail address: (thru the URL)
Manufacturer of Nursing Care Beds, Home Care Beds & Attachments, Healthcare Equipment as well as Steel
Furniture
Tokyo,
Osaka, Miyagi, Sapporo, Nagoya, Hiroshima
Vietnam,
S Korea, Malaysia (--affiliate plants)
At the
caption address; Vietnam, S Korea, Malaysia, Denmark (--partnership mfg)
AKITOSHI
FUKUYAMA, PRES Masahiro
Jo, s/mgn dir
Hiroto Ishibashi,
dir Fumito Hashiguchi, dir
Tadahiro Kawachiya,
dir Shinya
Koga, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 4,495 M
PAYMENTS No
Complaints CAPITAL Yen 353 M*
TREND UP WORTH Yen
997 M
STARTED 1992 EMPLOYES 75
*.. Capital increased to
Yen 353.82 million on 27/12/2013 from Yen 321.75 million
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. The firm
increased the capital to Yen 353.82 million on 27/12/2013 from Yen 321.75
million.
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:
19,600 shares
Issued:
7,437 shares
Sum: Yen 353.82 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
(In Million Yen)
|
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 |
|
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.58.86 |
|
|
1 |
Rs.98.82 |
|
Euro |
1 |
Rs.80.72 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.