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Report Date : |
29.06.2012 |
IDENTIFICATION DETAILS
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Name : |
HEALTHCARE TECH CORPORATION |
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Registered Office : |
Tazawa Soko 4F, 5-17-8 Yotsuya Fuchu Tokyo-Metrop 183-0035 |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
February 1991 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of medical instruments, apparatus, generic pharmacies, |
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No. of Employees : |
93 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
HEALTHCARE TECH CORPORATION
REGD NAME: Healthcare
Tech KK
MAIN OFFICE: Tazawa
Soko 4F, 5-17-8 Yotsuya Fuchu Tokyo-Metrop 183-0035 JAPAN
Tel:
042-354-8280 Fax: 042-354-8288
URL: http://www.healthcare-tech.co.jp
E-Mail address: (thru the URL)
Import, wholesale of
medical instruments, apparatus, generic pharmacies,
KEN’ICHI WATANABE,
PRES Tetsuya Yoshino, dir
Kojiro Imaoka, dir Yusuke Shiraishi, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 21,000 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
40 M
TREND UP WORTH Yen 200 M
STARTED 1991 EMPLOYES 93
TRADING FIRM SPECIALIZING IN MEDICAL INSTUMENTS, OWNED BY
ITOCHU CORP.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established
on the basis of a medical division separated from Itochu Corp (See REGISTRATION). This is a trading firm for import and
wholesale of medical instruments, apparatus, medical supplies, generic
pharmaceuticals, other. Clients include
major hospitals, university attached hospitals, other, nationwide.
The sales volume for Mar/2011 fiscal
term amounted to Yen 21,000 million, a 17% up from Yen 17,900 million in the
previous term. The Great North Japan
Earthquake created additional & acute demand for medical equipment &
supplies. Import increased. The net profit was posted at Yen 50 million,
compared with Yen 51 million a year ago.
For the term that ended Mar 2012 the
net profit was projected at Yen 60 million, on a 7% rise in turnover, to Yen
22,500 million. Final results are yet
to be released.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Date Registered: Feb
1991
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 3,200 shares
Issued: 800 shares
Sum: Yen 40 million
Major
shareholders (%): Itochu Corp* (100)
*.. One of big 5
general trading firms,
202,241 million, sales Yen 11,978,276
million, operating profit Yen 272,620 million, recurring profit Yen 41,174
million, net profit Yen 300,505 million, total assets Yen 6,507,273 million,
net worth Yen 1,696,141 million, employees 73,211, pres Masahiro Kuji
Consolidated
Financials are attached (See SUPPLEMENTS)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and
wholesales medical instruments, equipment, medical supplies, pharmaceuticals,
other (--100%)
Clients: [Hospitals,
medical institutions, wholesalers] Tokyo Women’s Medical College Hospital,
Nippon University attached Hikarigaoka Hospital, Tokyu Corporations, Kawaguchi
City Medical Institutions, other
No. of accounts:
500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Mediceo Corp, Innomedics Medical Institutions, Technowood Corp,
Suzuken Co, Nipro Corp, Kawasumi Laboratories, Toho Pharmaceutical, other
Payment record: No Complaints
Location: Business area in
Bank References:
Mizuho Bank (Gaienmae)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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22,500 |
21,000 |
17,900 |
17,500 |
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Recur.
Profit |
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Net
Profit |
|
60 |
50 |
51 |
71 |
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Total
Assets |
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5,545 |
5,586 |
4,940 |
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Current
Assets |
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5,391 |
5,492 |
4,859 |
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Current
Liabs |
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5,301 |
5,357 |
4,726 |
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Net
Worth |
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200 |
195 |
184 |
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Capital,
Paid-Up |
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40 |
40 |
40 |
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Div.P.Share(Ą) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
7.14 |
17.32 |
2.29 |
6.06 |
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Current Ratio |
|
.. |
101.70 |
102.52 |
102.81 |
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N.Worth Ratio |
.. |
3.61 |
3.49 |
3.72 |
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R.Profit/Sales |
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.. |
.. |
.. |
.. |
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N.Profit/Sales |
0.27 |
0.24 |
0.28 |
0.41 |
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Return On Equity |
.. |
25.00 |
26.15 |
38.59 |
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Forecast (or
estimated) figures for the 31/03/2012 fiscal term.
CONSOLIDATED FINANCIALS O THE PARENT, ITOCHU CORP
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FINANCES: (Consolidated
in million yen) |
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Terms Ending: |
31/03/2012 |
31/03/2011 |
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INCOME STATEMENT |
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Annual Sales |
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11,978,276 |
11,393,584 |
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Cost of Sales |
8,947,829 |
10,417,206 |
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GROSS PROFIT |
3,030,447 |
976,378 |
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Selling & Adm Costs |
2,757,822 |
720,075 |
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OPERATING PROFIT |
272,620 |
256,303 |
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Non-Operating P/L |
68,554 |
-73,971 |
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RECURRING PROFIT |
341,174 |
182,332 |
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NET PROFIT |
300,505 |
161,114 |
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BALANCE SHEET |
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Cash |
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513,489 |
633,756 |
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Receivables |
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1,653,412 |
1,426,677 |
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Inventory |
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574,345 |
504,342 |
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Securities, Marketable |
2,770 |
3,560 |
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Other Current Assets |
636,070 |
507,321 |
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TOTAL CURRENT ASSETS |
3,380,086 |
3,075,656 |
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Property & Equipment |
707,933 |
643,974 |
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Intangibles |
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Investments, Other Fixed Assets |
2,419,254 |
1,957,079 |
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TOTAL ASSETS |
6,507,273 |
5,676,709 |
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Payables |
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1,434,241 |
1,236,561 |
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Short-Term Bank Loans |
415,268 |
241,915 |
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Other Current Liabs |
601,565 |
565,066 |
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TOTAL CURRENT LIABS |
2,451,074 |
2,043,542 |
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Debentures |
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Long-Term Bank Loans |
2,259,717 |
2,160,772 |
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Reserve for Retirement Allw |
64,304 |
52,564 |
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Other Debts |
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36,037 |
20,877 |
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TOTAL LIABILITIES |
4,811,132 |
4,277,755 |
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MINORITY INTERESTS |
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Common
stock |
202,241 |
202,241 |
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Additional
paid-in capital |
112,370 |
112,370 |
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Retained
earnings |
1,296,265 |
1,036,095 |
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Evaluation
p/l on investments/securities |
(244,394) |
(193,683) |
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Others |
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332,344 |
244,605 |
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Treasury
stock, at cost |
(2,685) |
(2,674) |
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TOTAL S/HOLDERS` EQUITY |
1,696,141 |
1,398,954 |
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TOTAL EQUITIES |
6,507,273 |
5,676,709 |
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CONSOLIDATED CASH FLOWS |
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Terms ending: |
31/03/2012 |
31/03/2011 |
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Cash
Flows from Operating Activities |
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212,830 |
335,361 |
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Cash
Flows from Investment Activities |
-416,315 |
-230,866 |
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Cash
Flows from Financing Activities |
84,704 |
53,202 |
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Cash,
Bank Deposits at the Term End |
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513,489 |
633,756 |
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ANALYTICAL RATIOS Terms ending: |
31/03/2012 |
31/03/2011 |
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Net
Worth (S/Holders' Equity) |
1,696,141 |
1,398,954 |
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Current
Ratio (%) |
137.90 |
150.51 |
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Net
Worth Ratio (%) |
26.07 |
24.64 |
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Recurring
Profit Ratio (%) |
2.85 |
1.60 |
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Net
Profit Ratio (%) |
2.51 |
1.41 |
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Return
On Equity (%) |
17.72 |
11.52 |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.56.92 |
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|
1 |
Rs.88.91 |
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Euro |
1 |
Rs.71.25 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 |
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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-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.