|
Report No. : |
307137 |
|
Report Date : |
09.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
PROTOLEAF CORPORATION |
|
|
|
|
Registered Office : |
TTD Bldg 4F 1-2-18 Mita Minatoku |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.06.2015 |
|
|
|
|
Date of Incorporation : |
October 2000 |
|
|
|
|
Com. Reg. No.: |
0104-01-042713 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Imports, wholesales and retails fertilizer, gardening supplies &
equipment, other (--100 %:) |
|
|
|
|
No. of Employees : |
73 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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. 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 |
PROTOLEAF
CORPORATION
KK Protoleaf
TTD Bldg 4F 1-2-18 Mita Minatoku Tokyo 108-0073
Tel: 03-3769-2828 Fax:
03-3769-2829
URL: http://www.protoleaf.co.jp
E-mail Address: info@protoleaf.co.jp
ACTIVITIES: Import, wholesale, retail of organic
fertilizer, potting compost, gardening tools
BRANCHES: Osaka, Nagoya, Tochigi, Yamanashi, Tamagawa
(shop)
OFFICER(S): TAKATSUGU SATOH, PRES Yuichiro Kanoh, s/mgn dir
Tadahiro
Shimamura, mgn dir Yoichi Takahashi,
dir
Yen Amount: In million Yen,
unless otherwise stated
FINANCES FAIR A/SALES Yen 3,692 M
PAYMENTS SLOW BUT CORRECT CAPITAL Yen 56 M
TREND STEADY WORTH Yen 128 M
STARTED 2000 EMPLOYES 73
COMMENT: TRADING FIRM SPECIALIZING IN GARDENING
TOOLS & SUPPLIES. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS
The subject company was established by Takatsugu Satoh in order to make
most of his experience in the subject line of business. This is a trading firm specializing in import
and wholesale of organic fertilizer, potting compost, beet moth, leaf mold, and
other gardening supplies. Handles
gardening equipment, too. In Sept 2009
went into direct deal with DCM Holdings, including large-lot orders; In Oct
went into direct import agreement with David Austin Roses, UK; in Apr 2010
acquired 17 store operations from Central Corporation, operator of flower/plant
chain stores, and started Gardening Division in the company. Business thus expanded into wholesaling &
retailing of seeds & seedlings, potted plants, other. Has a store in Tamagawa (Tokyo) for retailing
the products. Clients include
seed/seedlings stores, wholesalers, gardening stores, other, nationwide.
The sales volume for Jun/2014 fiscal term amounted to Yen 3,692 million,
a shade up from Yen 3,665 million in the previous term. The recurring profit was posted at Yen 106
million and the net profit at Yen 4 million, respectively, compared with Yen 58
million recurring profit and Yen 3 million net profit, respectively, a year
ago. .
For the current term ending Jun 2015 the recurring profit is projected
at Yen 110 million and the net profit at Yen 65 million, respectively, on a 4%
rise in turnover, to Yen 3,850 million.
Business is seen expanding steadily.
.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Oct
2000
Legal Status: Limited Company
(Kabushiki Kaisha)
Regd No.: 0104-01-042713
(Tokyo-Minatoku)
Authorized: 4,480 shares
Issued: 1,120 shares
Sum: Yen 56 million
Major shareholders
(%):
Takatsugu Satoh (31), Yuichiro
Kanoh (5)
No. of shareholders: 20
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Imports,
wholesales and retails fertilizer, gardening supplies & equipment, other
(--100%:
(Handling items): organic
fertilizer, potted compost, beet moth, leaf mold, gardening equipment,
seeds/seedlings, potted flowers/plants, other related gardening supplies
Clients: [Seed/seedling
stores, wholesalers, chain stores, consumers] Takii & Co, Sakata Seed Corp,
Kaneko Seeds, DCM Holdings, Lead Shoji, Ozaki Flower Park, Kuroganeya Co, Lead
Shoji, other
No. of accounts: 500 (Wholesaling Div only)
Domestic areas of activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Sanpo Ryokka Co, Green Tamadaya Co, Joy Agrise Co, DNP
Nishinippon, Asahi Industries Co, Jardin Co, other.
Payment record: Slow but correct
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Mizuho Bank (Toranomon)
SMBC (Roppongi)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
30/06/2015 |
30/06/2014 |
30/06/2013 |
30/06/2012 |
|
|
Annual Sales |
|
3,850 |
3,692 |
3,665 |
3,774 |
|
Recur. Profit |
|
110 |
106 |
58 |
57 |
|
Net Profit |
|
65 |
4 |
3 |
1 |
|
Total Assets |
|
|
1,729 |
2,140 |
1,981 |
|
Current Assets |
|
|
1,600 |
2,033 |
1,875 |
|
Current Liabs |
|
|
1,057 |
1,599 |
1,590 |
|
Net Worth |
|
|
128 |
124 |
120 |
|
Capital, Paid-Up |
|
|
56 |
56 |
56 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
4.28 |
0.74 |
-2.89 |
4.51 |
|
Current Ratio |
|
.. |
151.37 |
127.14 |
117.92 |
|
N.Worth Ratio |
|
.. |
7.40 |
5.79 |
6.06 |
|
R.Profit/Sales |
|
2.86 |
2.87 |
1.58 |
1.51 |
|
N.Profit/Sales |
|
1.69 |
0.11 |
0.08 |
0.03 |
|
Return On Equity |
|
.. |
3.13 |
2.42 |
0.83 |
Notes: Forecast (or estimated) figures for the 30/06/2015 fiscal
term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.74 |
|
|
1 |
Rs.94.65 |
|
Euro |
1 |
Rs.70.79 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
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.