MIRA INFORM REPORT

 

 

Report Date :

26.09.2011

 

IDENTIFICATION DETAILS

 

Name :

CAIMAN DENTAL CO LTD

 

 

Registered Office :

Ichibancho MY Bldg 2F, 8-15 Ichibancho Chiyodaku Tokyo 102-0082

 

 

Country :

Japan

 

 

Financials (as on) :

31.05.2010

 

 

Date of Incorporation :

June 2006

 

 

Com. Reg. No.:

(Tokyo-Chiyodaku) 100072

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of dental implants systems

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Poor

Payment Behaviour :

Unknown

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 – March 31st, 2011

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Japan

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name and address

 

CAIMAN DENTAL CO LTD

REGD NAME:    KK Caiman Dental

MAIN OFFICE:  Ichibancho MY Bldg 2F, 8-15 Ichibancho Chiyodaku Tokyo 102-0082 JAPAN

                        Tel: 03-3238-7560     Fax: 03-3238-7561

                       

URL:                 http://www.caimandental.com

E-mail address: info@caimandental.com

 

 

ACTIVITIES

 

Import, wholesale of dental implants systems

 

BRANCHES   

 

Nil

 

 

OFFICERS

 

TOMOYUKI NISHIMURA, PRES

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    WEAK              A/SALES          Yen 17 M

PAYMENTS                  UNKNOWN       CAPITAL           Yen 3 M

TREND             SLOW              WORTH            Yen (-) 134 M

STARTED                     2006                 EMPLOYES      6

                       

 

COMMENT    

 

IMPORTER OF DENTAL SUPPLIES.

FINANCIAL SITUATION CONSIDERED WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

                       

NEGATIVE NET WORTH AND ANY CREDITS ON NEW TRANSACTIONS ARE RECOMMENDED ON SECURED TERMS

HIGHLIGHTS

           

            The subject company was established by Tomoyuki Nishimura in order to make most of his experience in the subject line of business.  This is a trading firm specializing in import and wholesale of dental equipment and supplies, centering on implant materials.  Imports implants systems from Bio Horizons Inc, USA.  

 

 

FINANCIAL INFORMATION

           

            Financials are only partially disclosed.

 

The sales volume for the May/2010 fiscal term amounted to Yen 17 million, a 43% down from Yen 30 million in the previous term, as affected substantially by the global economic downturn.  Consumer spending was sluggish.  The operations continued in the red to register Yen 46 million net losses for the term, compared with Yen 34 million net losses a year ago.

 

            For the term that ended May 2011 the operations were projected to come back to profitable but still limited to a minimum amount post-taxes, on a 47% rise in turnover, to Yen 25 million.  Final results are yet to be released.

 

The financial situation is considered WEAK but should be good for MODERATE business engagements.  Negative net worth and any credits on new transactions are recommended on secured terms. 

 

 

REGISTRATION

 

Date Registered:  Jun 2006

Regd No.:         (Tokyo-Chiyodaku) 100072

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         60 shares

Issued:                60 shares

Sum:                   Yen 3 million

Major shareholders (%): Tomofumi Nishimura (100)

 

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

 

Activities: Imports and wholesales dental implants systems: laser-lock implants systems, internal/external implants systems, one-piece 3.0 implants, other, from Bio Horizons Inc, USA (--100%).

 

Clients: [Dental clinics] Bionica Implant Systems Co, other

No. of accounts: Limited

Domestic areas of activities: Centered in greater-Tokyo

Suppliers: [Mfrs, wholesalers] Bio Horizons Inc (USA), Nippon Print, other

 

Location: Business area in Tokyo.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

Resona Bank (Ichigaya)

Relations: Money deposits and transfers only.

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/05/2011

31/05/2010

31/05/2009

31/05/2008

Annual Sales

　

25

17

30

22

Recur. Profit

　

　

　

　

　

Net Profit

　

0

-46

-34

-29

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

-134

-88

-54

Capital, Paid-Up

　

　

3

3

3

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

47.06

-43.33

36.36

450.00

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

0.00

-270.59

-113.33

-131.82

Notes: Financials are only partially disclosed.

Estimated figures for the 31/05/2011 fiscal term

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.67

UK Pound

1

Rs.76.50

Euro

1

Rs.66.98

 

 

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.