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Report No. : |
312143 |
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Report Date : |
13.03.2015 |
IDENTIFICATION DETAILS
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Name : |
FIVE PLAN CORPORATION |
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Registered Office : |
1-14-15 Imagome Higashi-Osaka Osaka 578-0903 |
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Country : |
Japan |
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Financials (as on) : |
30.06.2014 |
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Date of Incorporation : |
July 1987 |
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Com. Reg. No.: |
122001006459 |
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Legal Form : |
Limited Company |
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Line of Business : |
Importing and Exporting of Aquarium and
Pet Related Items |
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No. of Employees : |
7 |
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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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 – 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 |
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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.
|
Source
: CIA |
FIVE
PLAN CORPORATION
Five Plan KK
1-14-15 Imagome
Higashi-Osaka Osaka 578-0903 JAPAN
Tel:
072-966-0053 Fax: 072-966-0456
URL: No
website
ACTIVITIES: Export/Import
of aquarium and pet related items
BRANCHES: None
OVERSEAS: None
OFFICERS: TAKESHI GOMI, PRE; Fumiko Gomi, dir;
Hiroki Gomi, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 5,100 M
PAYMENTSSLOW BUT
CORRECT CAPITAL Yen 30 M
TREND DOWN/STABLE WORTH UNAVAILABLE
STARTED 1987 EMPLOYES 7
COMMENT: EXPORTER/IMPORTER OF AQUARIUM AND PET RELATED ITEMS. 100% SUBSIDIARY OF GEX CORPORATION IN OSAKA. FINANCIAL SITUATION COSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company is an affiliated company of GEX CORPORATION (former name is Gomi Shoji Corp.) which was established for manufacturing and distribution of aquarium and pet related items in 1977 by Takeshi Gomi in Osaka.
As a foreign Trade Division, the company was founded by GEX corp with 100% shares for export/import with their products.
The sales volume for June/2014 fiscal term amounted to Yen 5,100
million, a 3.8% down from Yen 5,300 million in the previous term. The net
profit at Yen 10 million is posted in 2014 compared with Yen 15 million a year
ago.
For the current term ending June 2015, the net profit at Yen 9 million
with 3% fall in turnover, to Yen 5,000 million due to weaker Yen impact.
Final results are yet to be
released.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date
Registered: July 1987
Regd
No.:
122001006459
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized:
Unavailable
Issued: Unavailable
Sum: Yen
30 million
Major
shareholders (%): Gex Corporation (100%)
No.
of shareholders: 1
Listed on the S/Exchange (s) of: N/A
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Importing/Exporting of aquarium and pet
related items
Clients: Gex Corp (95%)
No. of accounts: Unavailable
Domestic areas of
activities: Nationwide
Suppliers: Tominaga Jushi Kogyo, Suppliers in Asia
(Indonesia, China and others)
Payment record: Slow but correct
Location: Business area in
Osaka. Office premises at the caption
address are maintained satisfactorily.
Bank References:
Resona Bank
(Higashi Osaka)
MUFG (Higashi
Osaka Chuo)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
|
30/06/2015 |
30/06/2014 |
30/06/2013 |
30/06/2012 |
|
Annual
Sales |
|
5,000 |
5,100 |
5,300 |
4,900 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
9 |
10 |
15 |
22 |
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Total
Assets |
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Net
Worth |
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Capital,
Paid-Up |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
-1.96 |
-3.77 |
8.16 |
#DIV/0! |
|
Current Ratio |
|
|
.. |
.. |
.. |
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N.Worth Ratio |
|
|
.. |
.. |
.. |
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N.Profit/Sales |
|
0.18 |
0.20 |
0.28 |
0.45 |
* Notes:
Financials are only partially disclosed.
Forecast (or
estimated) figures for the 30/06//2015f fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.57 |
|
|
1 |
Rs.93.57 |
|
Euro |
1 |
Rs.65.95 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
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 |
-- |
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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.