MIRA INFORM REPORT

 

 

Report Date :

15.02.2012

 

IDENTIFICATION DETAILS

 

Name :

CHUO SANGIO COMPANY

 

 

Registered Office :

4-7 Kaguracho Nishinomiya Hyogo-Pref 662-0977

 

 

Country :

Japan

 

 

Date of Incorporation :

December 1949

 

 

Com. Reg. No.:

(Hyogo-Nishinomiya) 071218

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of medical & diagnostic instruments, equipment, supplies

 

 

No. of Employees :

50

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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 30, 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 and address

 

CHUO SANGIO COMPANY

REGD NAME:    Chuo Sangyo Boeki KK

MAIN OFFICE:  4-7 Kaguracho Nishinomiya Hyogo-Pref 662-0977 JAPAN

Tel: 0798-26-7860      Fax: 098-26-7858

                                               

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

E-Mail address: info@chuosangio.co.jp

 

 

ACTIVITIES

 

Import, wholesale of medical & diagnostic instruments, equipment, supplies

 

BRANCHES   

 

Tokyo

 

 

OFFICERS

 

KAZUO KUWABARA, PRES      Tadayoshi Kobayashi, ch

Eiichi Toura, dir                          Mayumi Fukui, dir

Yoshiharu Doi, dir                      Yoshinori Kamoto, dir                            

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES                    FAIR                             A/SALES          Yen 8,000 M*

PAYMENTS                  NO COMPLAINTS          CAPITAL           Yen 36 M

TREND             SLOW                          WORTH                        Yen 1,000 M**

STARTED                     1949                             EMPLOYES      50

 

* & **.. Estimated figures only

 

 

COMMENT

 

TRADING FIRM SPECIALIZING IN MEDICAL INSTRUMENTS.

FINANCIAL SITUATION UNDETERMINED DUE TO THE LACK OF PROVEN BUSINESSRECORDS BUT SHOULD BE GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: UNABLE TO BE ASSESSED DUE TO THE SAME REASON

 

 

HIGHLIGHTS

           

            The subject company was established by Kuniichi Karino in order to make most of his experience in the subject line of business.  Started to import glass lenses, refractive meters, other.  Incorporated in 1949 the firm has been succeeded by his descendants.  His is a trading firm for import and wholesale of medical instruments: ophthalmic ultrasound keratograph, reflectoscope, laser instruments, other (see OPERATION).  Acts as import agent for medical equipment makers/suppliers in USA, Germany, other.  Clients include hospitals, glasses makers, eyeglass shops, laboratories, other.

 

 

FINANCIAL INFORMATION

           

            The firm does not disclose any of its financials, except for Dec/2001 when the firm reported sales as Yen 7,700 million.

 

The annual turnover is estimated at Yen 8,000 million.  Outside sources do not have precise figures, either. 

 

Both the financial situation and business trends are not determined due to the lack of proven business but should be good for ORDINARY business engagements.  Max credit limit is unable to be assessed due to the same reason.

 

 

REGISTRATION

 

Date Registered:  Dec 1949

Regd No.:         (Hyogo-Nishinomiya) 071218

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         288,000 shares

Issued:                72,000 shares

Sum:                   Yen 36 million

Major shareholders (%): Yutaka Karino, Tadayoshi Kobayashi, Kazuo Kuwabara, other

(Breakdown not disclosed)

No. of shareholders: 20

 

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

 

 

 

OPERATION

 

Activities: Imports and wholesales medical & diagnostic instruments as agent for makers in Germany, USA, other: ultrasonic reflectoscope, ophthalmic ultrasound (keratograph, easy graph), perimeters, twin field, USA, corneal topography, surgical instruments & supplies, other (--100%):

 

Clients: Hospitals, laboratories, universities, eyeglass stores, other

No. of accounts: 300

Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] Optovue Inc, Oculus Inc, Victor Vision Inc, Escalon Medical Corp, Alean (--USA), Rodenstock, VR Magic, Boucke (--Germany), other (--acting as import agent)

 

Payment record: No Complaints

 

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

 

Bank References:

Local Bank (Kobe)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

NOT DISCLOSED AND UNAVAILABLE.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.33

UK Pound

1

Rs.77.41

Euro

1

Rs.64.84

 

 

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.