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Report No. : |
311460 |
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Report Date : |
18.03.2015 |
IDENTIFICATION DETAILS
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Name : |
INOUE PLANTATION |
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Registered Office : |
1-10-27 Ichinose, Yahatanishi-ku, Kitakyushu City 806-0063 Fukuoka |
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Country : |
Japan |
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Financials (as on) : |
30.06.2014 |
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Date of Incorporation : |
December, 1988 |
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Legal Form : |
Limited Company (Yugen Kaisha) |
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Line of Business : |
Selling of Plants and Garden Tools. |
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No. of Employees : |
9 |
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 : |
Small Company |
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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 |
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Risk Category |
ECGC
Classification |
|
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.
|
Source
: CIA |
INOUE PLANTATION
REGD NAME: YK
Inoue Nouen
MAIN OFFICE: 1-10-27
Ichinose, Yahatanishi-ku, Kitakyushu City 806-0063 Fukuoka JAPAN
Tel: 093-611-2720 Fax: 093-612-3535
URL: http://www.inoue-plant.com
E-Mail address: (thru the URL)
Selling plants and
garden tools.
None
None
None
TSUNEYOSHI INOUE,
PRES; Ichiro Inoue, s dir; Atsuko Inoue, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES Fair A/SALES Yen 326 M
PAYMENTSSLOW BUT CORRECT CAPITAL Yen 5 M
TREND Stable WORTH Unavailable
STARTED 1988 EMPLOYES 9
Selling plant and garden tools. The subject
company has its own retail store
in Kitakyushu
City which is the second largest city in Kyushu area.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS
ENGAGEMENTS.
The subject company was established in 1907 and has kept long term
presence in Kitakyushu area.
Financials are disclosed only partially.
The sales volume
for June/2014 fiscal term amounted to Yen 326 million, a 1.8% up from Yen 320
million in the previous term. In terms
of the net profit, the amount for 2014 is unavailable. But it is estimated
around Yen 4 million as the net profit for 2013 is Yen 4 million with 2014
level of turnover.
For the current
term ending June 2015 the net profit at Yen 4 million is estimated with stable
turnover, Yen 330 million. Final results
are yet to be released.
The financial
situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: December
1988
Regd No.:
Unavailable
Legal Status: Limited
Company (Yugen Kaisha)
Authorized: Unavailable
Issued: Unavailable
Sum: Yen
5 million
Major shareholders (%): Tsuneyoshi Inoue (80%), Ichiro Inoue (10%), Atsuko Inoue
(10%)
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Selling plant
and garden tools. The subject company has its own retail store in Kitakyushu City which is the second largest
city in Kyushu area.
Clients: Retail customers,
flower shops, gardening shops
No. of accounts:
Unavailable
Domestic areas of
activities: Kita Kyushu
Suppliers: Kyushu Nikkan
Shokubutsu, Nichiriu Nagase
Payment record: Slow but Correct
Location: Business area in
Kitakyush. Store premises at the caption
address are maintained satisfactory.
Bank References:
Nishi Nippon City
Bank (Kurosaki)
Chikuhou
(Kurosaki)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
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30/06/2015 |
30/06/2014 |
30/06/2013 |
30/06/2012 |
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Annual
Sales |
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330 |
326 |
320 |
358 |
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Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
4 |
4 |
4 |
9 |
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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(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
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(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
|
1.23 |
1.88 |
-10.61 |
#DIV/0! |
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Current Ratio |
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|
.. |
.. |
.. |
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N.Worth Ratio |
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|
.. |
.. |
.. |
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N.Profit/Sales |
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1.21 |
1.23 |
1.25 |
2.39 |
NOTES: Financials are only partially disclosed.
Forecast (or estimated)
figures for the 30/06//2015f fiscal term as well as net profit of 2014.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.69 |
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|
1 |
Rs.92.99 |
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Euro |
1 |
Rs.66.37 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
NIT |
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.