MIRA
INFORM REPORT
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Report Date : |
01.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
METRAN CO LTD |
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Registered Office : |
2-12-18 Kawaguchi Kawaguchi City Saitama-Pref 332-0015 |
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Country : |
Japan |
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Financials (as on) : |
30.04.2008 |
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Date of Incorporation : |
July 1984 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufactures of Medical Equipment and Devices, Especially
Artificial Ventilators |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
YEN 16.5 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
name & address
METRAN CO LTD
REGD NAME: KK Metran
MAIN OFFICE: 2-12-18 Kawaguchi Kawaguchi City Saitama-Pref
332-0015 JAPAN
Tel:
048-242-0333 Fax: 048-242-0550
E-Mail
address: support_en@metran.co.jp
ACTIVITIES
Mfg of medical equipment & devices, especially
artificial ventilators
BRANCHES
Nil
OVERSEAS
Vietnam (5) (--subsidiaries mfrs)
FACTORY(IES)
At the caption address
OFFICER(S)
TRAN NGOC PHUC
Mitsuko Nitta, dir
Shizuko Kato, dir
Yen
Amount: In million Yen,
unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 900 M
PAYMENTS REGULAR CAPITAL Yen
87 M
TREND SLOW WORTH Yen 135 M
STARTED 1984 EMPLOYES 31
COMMENT
MFR OF MEDICAL INSTRUMENTS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 16.5 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The
subject company was established by Tran Ngoc Phuc (Japanese name: Kazufuku
Nitta) in order to make most of his experience in the subject line of
business. Specializes in mfg medical
instruments, especially artificial ventilators, anaesthesis devices,
respiratory monitors and veterinary products.
Products are manufactured at the caption address as well as at Vietnam
subsidiary factories and imported.
Domestic customers are University hospitals, general hospitals,
veterinary hospitals, other, nationwide.
Goods are both imported and exported.
Has 7 overseas dealer distributors.
FINANCIAL INFORMATION
Financials
are only partially disclosed.
The
sales volume for Apr/2008 fiscal term amounted to Yen 900 million, a 13% down
from Yen 1,030 million in the previous term.
The higher Yen against foreign currencies worked to decrease sales amount
in Yen terms, although exports & imports went steady. The net profit was posted at Yen 30 million,
compared with Yen 1 million a year ago.
Reportedly some extraordinary incomes are involved.
For
the current term ending Apr 2009 the net profit is projected at Yen 25million,
on a 6% rise in turnover, to Yen 950 million.
Demand for artificial ventilators is expected to increase.
The
financial situation is considered maintained FAIR and good for ORDINARY
business engagements. Max credit limit is estimated at Yen 16.5
million, on 30 days normal terms.
REGISTRATION
Date Registered: Jul 1984
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 6,400 shares
Issued: 1,750 shares
Sum: Yen 87.5 million
Major shareholders (%): Tran Ngoc Phuc (51)
No. of shareholders: 7
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Manufactures, imports and exports
artificial ventilators for infants & adults, anaesthesis devices,
respiratory monitors, finger pulse oximeters, humidifiers/heaters, veterinary
artificial ventilators for anesthesial use, other (--100%).
Overseas dealer distributors:
Medions (Korea); Metran Medical
Co Ltd (Vietnam); Pulmocare Consultants (India), PT Murti Indah Sentosa (Indonesia);
Shriro (Malaysia) Sdn Bhd (Malaysia); IDEM (Mexico); Biotran Inc (USA)
Clients
[Hospitals, medical instruments
dealers] Iwaki Co Ltd, Koike Medical Corp, Univ of Tokyo Hospital, Kyoto Univ
Hospital, Osaka Univ Hospital, National Center for Child Health &
Development, Saitama Children’s Medical Center, other.
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers
[Mfrs, wholesalers] Sankyo Shoji, Oemu Kiki, other.
Payment
record: Regular
Location: Business
area in Kawaguchi City, Saitama-Pref.
Office premises at the caption address are owned and maintained
satisfactorily.
Bank References
SMBC (Kawaguchi)
Sugamo Shinkin Bank (Nishi-Kawaguchi)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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30/04/2009 |
30/04/2008 |
30/04/2007 |
30/04/2006 |
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Annual
Sales |
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950 |
900 |
1,030 |
800 |
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Recur.
Profit |
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Net
Profit |
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25 |
30 |
1 |
-10 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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135 |
100 |
99 |
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Capital,
Paid-Up |
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87 |
87 |
87 |
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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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S.Growth Rate |
5.56 |
-12.62 |
28.75 |
3.90 |
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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 |
2.63 |
3.33 |
0.10 |
-1.25 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 30/04/2009 fiscal
term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.25 |
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UK Pound |
1 |
Rs.80.36 |
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Euro |
1 |
Rs.62.84 |
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 |
Unfavourable & favourable factors carry similar weight in credit consideration.
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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)