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Report No. : |
299818 |
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Report Date : |
17.01.2015 |
IDENTIFICATION DETAILS
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Name : |
FOUR PROPS CO., LTD. |
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Registered Office : |
2-10-25, Haruno, Minuma-ku, Saitama-shi, Saitama pref. 337-0002 |
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Country : |
Japan |
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Date of Incorporation : |
27.04.1998 |
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Com. Reg. No.: |
0300-01-010810 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Subject is engaged in Nursing care facilities |
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No. of Employee : |
30 |
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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Maximum Credit Limit : |
US$ 100,000 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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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 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.
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Source
: CIA |
FOUR PROPSCO., LTD.
Country: Japan
Company name: FOUR PROPS CO., LTD.
Name in local language: FOUR
PROPS,K.K. (株式会社フォープロプス)
Office
address: 2-10-25, Haruno, Minuma-ku, Saitama-shi, Saitama
pref. 337-0002
Office
tel: 048-682-2040
Office
fax: 048-682-2045
Website: www.seisekiprime.com
Business
type: Service
Industry: Nursing
care facilities
Established: April
27, 1998
Capital: Jp.
30,000,000 yen
Employees: 30
Corporate
formation: Private
Corporation No.: 0300-01-010810(SaitamaLegal Affairs Bureau)
Paid incapital: Jp. 30,000,000 yen
Number of authorized shares: 1,000 shares
Shares issued: 600 shares
Number of shareholder: n. a.
Most likely either Mr. Kazuyoshi Yoshimura, president, or the medical corporation, Seisekikai, holds majority. (estimated)
Activity Product/Service
Description
-------------------------------------------------------------------------------
Service Chargeable
nursing care facilities
President Mr. KazuyoshiYoshimura
Nationality: Japan
Director Mr.Hiroyuki
Hashimoto
Nationality: Japan
Director Mr.
Motohiro Fukuda
Nationality: Japan
Note: The names of director(s) and auditor(s)
are phonetically spelt.
*Key Personnel*
==============
Mr. Kazuyoshi Yoshimura
President and representative director since
March 2013
Other responsibilities:
Director general of the medical corporation,
Seisekikai(Saitama)
Director general of the medical corporation
Tokyo Seisekikai(Tokyo)
Home address: 1-13-10, Nakazuma, Ageo-shi, Saitama pref. 362-0072
Currency:
(local currency-Jp. yen)
-------------------------------------------------------------------------------------
Year
|
Sales |Net
Income
|
2009
|
250,000,000
|
loss
221,408,000 |
|
2010
|
280,000,000
|
n.
a. |
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2011
|
300,000,000
|
n.
a. |
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2012
|
300,000,000
|
n.
a. |
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2013
|
500,000,000
|
n.
a. |
*Book Closing*
============
September 30th
*Financials*
==========
As a private limited company, no official
financial statement is required to be disclosed publicly.
*Bank Details*
============
Bank Name : Musashino
Bank, Ltd.
Branch : Saitama
Shin-toshin
Bank Name : Mizuho
Bank, Ltd.
Branch : Omiya
*Credit Opinion*
=============
Mr. Kazuyoshi Yoshimura is also heading the
following medical corporations:
1. Seisekikai(Saitama)
Saitama Chuo(Central) Hospital (emergency
facility)
Abel Internal Clinic
Seiseki Prime Clinic
Seiseki Dental Clinic
2. Tokyo Seisekikai(Tokyo)
Tokyo Maxillofacial Clinic
Also another nursing care facilities are
operated by the above group:
Heartland Okegawa(Saitama)
Heartlend Higashi-Ohmiya(ditto)
Heartland Ohmiya(ditto)
Heartland Urawa Day Service Center
The subject sounds like an upscale facility
separately from the above facilities.
It is uncertain whether Mr. Yoshimura owns
and controls all of the above operations since he became the top management
after the subject was founded.
Although the exact financial condition of the
subject is not available due to non-disclosure of its financial statements, there
would be robust demands for such facilities in general.
Our standard suggestion would be US$ 100,000
on terms of 90 days.
*Main Products & Services*
======================
Operating a chargeable nursing care facilities
under the name of “Seiseki Prime Court Higashi-Ohmiya”
Type 1. House-style nursing home with medical
and food services(151 houses)
Built in February
2005
Initial fee: JPY 24
to 61 million (15 years for 85%-depreciation)
Monthly rate: JPY
100,000 to 185,000
Type 2. Apartment-style nursing home with
medical and food services(22 rooms)
Founded in January
2010
Initial fee: JPY 16
to 47 million ( 10 years for 85% depreciation)
Monthly rate: JPY
81,000 to 175,000
*Address*
=========
Registered address is the same as the operational address.
*Company History*
================
Date Development
-----------------------------------------------------------------------------------------------
1988 The
medical corporation, “Seisekikai” (Saitama) was founded.
April 27, 1998 The
subject was founded and incorporated.
February 2005
The facility of the
subject was first completed.
2009 The
medical corporation, “Tokyo Seisekikai” was founded.
January 2010 The
second facility of the subject was completed.
Mar. 15, 2013 Mr.
Kazuyoshi Yoshimura became the representative director & president of the
subject. He is concurrently the director general of the above medical corporations.
*Suppliers*
==========
Local material suppliers
*Customers*
==========
General public(elderly)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.89 |
|
|
1 |
Rs.93.92 |
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Euro |
1 |
Rs.72.00 |
INFORMATION DETAILS
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Analysis Done by
: |
KRN |
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Report Prepared
by : |
DPT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.