MIRA INFORM REPORT

 

 

Report Date :           

04.04.2012

 

IDENTIFICATION DETAILS

 

Name :

PRO-SEED CORPORATION

 

 

Registered Office :

Toshin-Aoyama Bldg 3F, 2-10-13 Shibuya Shibuyaku Tokyo 150-0002

 

 

Country :

Japan

 

 

Financials (as on) :

31.10.2011

 

 

Date of Incorporation :

November 1998

 

 

Com. Reg. No.:

0110-01-031370 (Tokyo-Shibuyaku)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of medical instruments

 

 

No. of Employees :

15

 

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 12.0 Million

 

 

Status :

Small Company 

 

 

Payment Behaviour :

No Complaints

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

PRO-SEED CORPORATION

 

 

REGD NAME

 

KK Pro Seed

 

 

MAIN OFFICE

 

Toshin-Aoyama Bldg 3F, 2-10-13 Shibuya Shibuyaku Tokyo 150-0002 JAPAN

Tel: 03-5468-1666     

Fax: 03-5468-1650

                                               

URL:                 http://www.proseed.co.jp

E-Mail address:            (thru the URL)

 

ACTIVITIES

 

Import, wholesale of medical instruments

 

 

BRANCHES

 

Nil

 

 

OFFICERS

 

KAZUYOSHI OGUSHI, PRES

Kazunobu Miyoshi, dir

Takuya Hayashi, dir                                                      

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    FAIR                             A/SALES          Yen 502 M

PAYMENTS      No Complaints          CAPITAL           Yen 30 M

TREND             UP                                WORTH            Yen 212 M

STARTED                     1998                             EMPLOYES      15

 

 

COMMENT

 

TRADING FIRM SPECIALIZING IN MEDICAL INSTRUMENTS.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT ENGAGEMENTS: US$100,000 / O/A 30 DAYS.

                       

MAX CREDIT LIMIT: YEN 12.0 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Kazuyuki Ogushi in order to make most of his experience in the subject line of business.  This is a trading firm specializing in importing and wholesaling medical instruments & attachments (See OPERATION).  Goods are imported from USA, other.  Clients include hospitals, medical equipment dealers, other, nationwide.

 

 

FINANCIAL INFORMATION

           

Financial are only partially disclosed.

 

The sales volume for Oct/2011 fiscal term amounted to Yen 502 million, a 3% up from Yen 486 million in the previous term.  The net profit was posted at Yen 25 million, compared with Yen 21 million a year ago.

 

For the current term ending Oct 2012 the net profit is projected at Yen 25 million, on a 4% rise in turnover, to Yen 520 million.

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 12.0 million, on 30 days normal terms.  The proposed amount is considered well within the firm’s financial capacities.

 

 

REGISTRATION

 

Date Registered:  Nov 1998

Regd No.:         0110-01-031370 (Tokyo-Shibuyaku)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         2,400 shares

Issued:                600 shares

Sum:                   Yen 30 million

 

Major shareholders (%): Kazuyuki Ogushi (70) and families (30)

 

No. of shareholders: 5

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

           

Activities: Imports and wholesales medical instruments & attachments: Lina disposable endoscopic instruments, R-Med disposable endoscopic hand instruments, tanko trainer, duel top auto screw, EZ bone shaver, Komet surgical power accessories, other (--100%)

 

Clients: [Hospitals, universities, medical equipment makers] Mutow Group, Yagami Co Ltd, Kyowa Medical Corp, other

            No. of accounts: 300

            Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] Jeil Medical, KOMETO Medical, Lina Midical, Lagis, other

 

Payment record: No Complaints

 

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

 

Bank References:

SMBC (Shibuya-Ekimae)

MUFG (Shibuya-Meijidori)

Relations: Satisfactory

 

 

FINANCES

 

(In Million Yen)

Terms Ending:

　

31/10/2012

31/10/2011

31/10/2010

31/10/2009

Annual Sales

　

520

502

486

450

Recur. Profit

　

　

　

　

　

Net Profit

　

25

25

21

20

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

212

187

166

Capital, Paid-Up

　

　

30

30

30

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.59

3.29

8.00

45.16

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

4.81

4.98

4.32

4.44

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/10/2012 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.56

UK Pound

1

Rs.81.05

Euro

1

Rs.67.49

 

 

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.