MIRA INFORM REPORT

 

 

Report Date :

21.01.2011

 

IDENTIFICATION DETAILS

 

Name :

HST CORPORATION

 

 

Registered Office :

38-1 Katayama Higashiuracho-Ishihama Chitagun Aichi-Pref 470-2103

 

 

Country :

Japan

 

 

Financials (as on) :

28.02.2010

 

 

Date of Incorporation :

Mar 2007

 

 

Com. Reg. No.:

(Nagoya-Midoriku) 060797

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, export, wholesale of medical equipment, instruments

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

Yen 1.8 Million

Status :

Moderate

Payment Behaviour :

Regular

Litigation :

--

 

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 – June 30, 2010

 

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

Japan

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Name and address

 

HST CORPORATION

REGD NAME:    HST KK

MAIN OFFICE:  38-1 Katayama Higashiuracho-Ishihama Chitagun Aichi-Pref 470-2103 JAPAN

                                    Tel: 0562-57-6311

 

                                    *.. Registered at: 1-230-3 Konarumi Midoriku Nagoya

 

URL:                 N/A

 

 

ACTIVITIES  

 

Import, export, wholesale of medical equipment, instruments

 

BRANCHES

 

Nil

 

 

OFFICER(S)  

 

TASUKE SATOH, PRES

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    FAIR                 A/SALES          Yen 80 M

PAYMENTS      REGULAR         CAPITAL           Yen 3 M

TREND             STEADY           WORTH            Yen 6 M

STARTED                     2007                 EMPLOYES      5

 

 

COMMENT

 

TRADING FIRM SPECIALIZING IN MEDICAL EQUIPMENT. 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS

 

MAX CREDIT LIMIT: YEN 1.8 MILLION, 30 DAYS NORMAL TERMS

 

HIGHLIGHTS

           

The subject company was established by Tasuke Satoh in order to make most of his experience in the subject line of business.  This is a trading firm specializing in import, export and wholesale of medical instruments as a mainline.  Clients are medical equipment mfrs, wholesalers, other.

 

 

FINANCIAL INFORMATION

 

Financials are only partially disclosed.

 

The sales volume for Feb/2010 fiscal term amounted to Yen 80 million, an 11% up from Yen 72 million in the previous term.  Since starting the business, clientele networks have been steadily expanding.  .The net profit was posted at Yen 1 million, similarly in the previous term.  .

 

For the current term ending Feb 2011 the net profit is projected at Yen 3 million, on a 25% rise in turnover, to Yen 100 million.  Business is seen steadily growing. 

           

The financial situation is considered maintained FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 1.8 million, on 30 days normal terms. 

 

 

REGISTRATION

 

Date Registered:  Mar 2007

Regd No.:        (Nagoya-Midoriku) 060797

Legal Status:   　Limited Company (Kabushiki Kaisha)

Authorized:      　800 shares

Issued:             　60 shares

Sum:                　Yen 3 million

Major shareholders (%): Tasuke Satoh (100)

           

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

 

Activities: Imports, exports and wholesales medical instruments, equipment, components, other (--100%)

 

Clients: [Pharmaceutical/medical mfrs, wholesalers] Taiyo Pharmaceutical Ind, Nipro Pharma Corp, Mitsubishi Shoji Technos Corp, Asahi Kasei Pharma Corp, other

No. of accounts: 50

Domestic areas of activities: Centered in greater-Nagoya

Suppliers: [Mfrs, wholesalers] Yasukawa Siemens NC, Higashiura Giken Co, Inaba Bankin Kosakusho, other.

 

Payment record: Regular

Location: Business area in Chitagun, Aichi-Pref.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

Chita Shinkin Bank (Higashiura)

SMBC (Kariya)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

28/02/2011

28/02/2010

28/02/2009

29/02/2008

Annual Sales

　

100

80

72

20

Recur. Profit

　

　

　

　

　

Net Profit

　

3

1

1

1

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

6

5

4

Capital, Paid-Up

　

　

3

3

3

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

25.00

11.11

260.00

- - -

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

3.00

1.25

1.39

5.00

 

Notes: Financials are only partially disclosed.  The 29/02/2008 fiscal term is the initial accounting

term from the inception.

Forecast (or estimated) figures for the 28/02/2011 fiscal term. 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.58

UK Pound

1

Rs.72.73

Euro

1

Rs.61.45

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.