MIRA INFORM REPORT
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Report Date : |
10.03.2012 |
IDENTIFICATION DETAILS
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Name : |
RIKO TRADING CO LTD |
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Registered Office : |
2-16-11 Kanamecho Toshimaku Tokyo 171-0043
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
February 1954 |
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Com. Reg. No.: |
0133-01-016889
(Tokyo-Toshimaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale
of medical devices |
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No. of Employees
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50 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Yen 13.2 Million |
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Status : |
Moderate |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Japan |
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 |
RIKO TRADING CO LTD
Riko Shoji KK
2-16-11 Kanamecho Toshimaku
Tokyo 171-0043 JAPAN
Tel:
03-5995-4315 Fax: 03-5995-4314
URL: http://www.riko-trading.co.jp
E-Mail address: (thru
the URL)
Import,
wholesale of medical devices
Sendai,
Nagoya, Osaka, Fukuoka
YOICHI
YAMAMOTO, PRES
Shigeko
Nagoshi, ch
Fusako
Nemoto, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 720 M
PAYMENTS No
Complaints CAPITAL Yen 50 M
TREND SLOW WORTH Yen
249 M
STARTED 1954 EMPLOYES 50
IMPORTER OF MEDICAL EQUIPMENT, DEVICES, OTHER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 13.2 MILLION, 30 DAYS NORMAL TERMS
The subject company was established originally in 1947 by father of
Yoichi Yamamoto for importing medical equipment from Europe, on his
account. Incorporated in 1954, the firm
has been succeeded by his descendants.
This is a trading firm for import and wholesale of medical devices,
hospital facilities, surgical goods, other.
Goods are imported from Europe, USA, other. Clients include public/private hospitals,
university hospitals, other.
Financial are only partially disclosed.
The sales volume for Mar/2011 fiscal term amounted to Yen 720 million, a
33% down from Yen 1,075 million in the previous term. This is a steep decline and in part this is
referred to the high Yen reducing revenues in Yen terms, but other factors are unavailable. The net profit was posted at a minimum amount
post-taxes, compared with Yen 81 million net losses a year ago.
For the current term ending Mar 2012 the net profit is projected at Yen
5 million, on a 4% rise in turnover, to Yen 750 million.
The financial situation is considered maintained FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 13.2 million, on 30 days normal terms.
Date Registered: Feb 1954
Regd No.: 0133-01-016889
(Tokyo-Toshimaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
400,000 shares
Issued: 100,000 shares
Sum: Yen 50 million
Major shareholders (%): Yoichi Yamamoto (40), Shigeko
Nagoshi (30), Fusako Nemoto (20), Masayuki Nagoshi (10)
No. of shareholders: 4
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and
wholesales medical equipment, devices, hospital facilities, surgical goods,
others (--100%).
Clients: [Hospitals]
Scroll Corp, university hospitals, laboratories, public agencies, other
No. of accounts: 100
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Richard Wolf, EME, Bio Data, TCS, Bruca, other
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
MUFG
(Edogawabashi)
SMBC
(Iidabashi)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
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31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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750 |
720 |
1,075 |
1,501 |
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Recur.
Profit |
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Net
Profit |
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5 |
0 |
-81 |
1 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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249 |
249 |
330 |
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Capital,
Paid-Up |
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50 |
50 |
50 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.17 |
-33.02 |
-28.38 |
-1.31 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
0.67 |
0.00 |
-7.53 |
0.07 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.02 |
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UK Pound |
1 |
Rs.79.00 |
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Euro |
1 |
Rs.66.18 |
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 |
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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.