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Report Date : |
06.10.2012 |
IDENTIFICATION DETAILS
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Name : |
RHEO LABORATORY LTD |
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Registered Office : |
Prairie Bldg 3F, 2-21-9 Yanagibashi Taitoku |
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Country : |
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Financials (as on) : |
30.09.2011 |
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Date of Incorporation : |
Feb 2003 |
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Com. Reg. No.: |
0105-01-021989 (Tokyo-Taitoku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Wholesale of
Scientific Instruments |
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No. of Employees : |
7 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
Slow but correct |
|
Litigation : |
Clear |
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 – June 30th,
2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
JAPAN - ECONOMIC
OVERVIEW
In the years following World War II, government-industry cooperation,
a strong work ethic, mastery of high technology, and a comparatively small
defense allocation (1% of GDP) helped Japan develop a technologically advanced
economy. Two notable characteristics of the post-war economy were the close
interlocking structures of manufacturers, suppliers, and distributors, known as
keiretsu, and the guarantee of lifetime employment for a substantial portion of
the urban labor force. Both features are now eroding under the dual pressures
of global competition and domestic demographic change. Japan's industrial
sector is heavily dependent on imported raw materials and fuels. A tiny
agricultural sector is highly subsidized and protected, with crop yields among
the highest in the world. Usually self-sufficient in rice, Japan imports about
60% of its food on a caloric basis. Japan maintains one of the world's largest
fishing fleets and accounts for nearly 15% of the global catch. For three
decades, overall real economic growth had been spectacular - a 10% average in
the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth
slowed markedly in the 1990s, averaging just 1.7%, largely because of the after
effects of inefficient investment and an asset price bubble in the late 1980s
that required a protracted period of time for firms to reduce excess debt,
capital, and labor. Measured on a purchasing power parity (PPP) basis that
adjusts for price differences, Japan in 2011 stood as the fourth-largest
economy in the world after second-place China, which surpassed Japan in 2001,
and third-place India, which edged out Japan in 2011. A sharp downturn in
business investment and global demand for Japan's exports in late 2008 pushed
Japan further into recession. Government stimulus spending helped the economy
recover in late 2009 and 2010, but the economy contracted again in 2011 as the
massive 9.0 magnitude earthquake in March disrupted manufacturing. Electricity
supplies remain tight because Japan has temporarily shut down almost all of its
nuclear power plants after the Fukushima Daiichi nuclear reactors were crippled
by the earthquake and resulting tsunami. Estimates of the direct costs of the
damage - rebuilding homes, factories, and infrastructure - range from $235
billion to $310 billion, and GDP declined almost 0.5% in 2011. Prime Minister
Yoshihiko NODA has proposed opening the agricultural and services sectors to
greater foreign competition and boosting exports through membership in the
US-led Trans-Pacific Partnership trade talks and by pursuing free-trade agreements
with the EU and others, but debate continues on restructuring the economy and
reining in Japan's huge government debt, which exceeds 200% of GDP. Persistent
deflation, reliance on exports to drive growth, and an aging and shrinking
population are other major long-term challenges for the economy.
Source :
CIA
RHEO LABORATORY LTD
REGD NAME: Rheo
Labo KK
MAIN OFFICE: Prairie
Bldg 3F, 2-21-9 Yanagibashi Taitoku Tokyo 111-0052 JAPAN
Tel:
03-3865-5906 Fax: 03-3865-5907
E-Mail
address: info@rheolabo.jp
Import,
wholesale of scientific instruments
Nil
MINORU
FUJIMAKI, PRES
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 319 M
PAYMENTS REGULAR CAPITAL Yen 18 M
TREND UP WORTH Yen 79 M
STARTED 2003 EMPLOYES 7
TRADING FIRM SPECIALIZING IN SCIENTIFIC INSTRUMENTS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by Minoru Fujimaki 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 scientific equipment and apparatus (See OPERATION). Acts as import
agent for European makers. Clients
include oil refineries, steel mills, other, nationwide.
Financials are only partially disclosed.
The sales volume for Sept/2011 fiscal term amounted to Yen
319 million, a 34% up from Yen 238 million in the previous term. This is attributed to the acquisition of one
large account. The net profit was posted
at Yen 18 million, compared with Yen 8 million a year ago
For the term that just ended Sept 2012 the net profit was
projected at Yen 20 million, on a 3% rise in turnover, to Yen 330 million. Final results are yet to be released.
The financial situation is considered FAIR and good for
ORDINARY business engagements.
Date Registered: Feb 2003
Regd No.: 0105-01-021989 (Tokyo-Taitoku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 2,440 shares
Issued:
360 shares
Sum: Yen 18 million
Major shareholders (%): Minoru
Fujimaki (69), Tsutomu Oda (31)
No. of shareholders: 2
Nothing detrimental is known as
to the commercial morality of executives.
Activities: Imports and wholesales scientific
& laboratory instruments/equipment: mulling machines, rheometers,
viscoelasticity measuring tools, other (--100%)
Clients: [Mfrs, wholesalers] Kobe Steel Mills,
Bridgestone Corp, Idemitsu Kosan Kaisha, DIC Corp, other
No. of
accounts: 200
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Imports from:
Goettfert, DOL (--Germany), Metravib (France), DSM Tphase (Holland), Gibitre
Instruments (Italy), Pico Bomen (Canada), other
Payment record: Regular
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
Mizuho
Bank (Asakusabashi)
SMBC
(Asakusabashi)
Relations:
Satisfactory
(In
Million Yen)
|
|
|
30/09/2012 |
30/09/2011 |
30/09/2010 |
30/09/2009 |
|
Annual
Sales |
|
330 |
319 |
238 |
238 |
|
Recur.
Profit |
|
|
|
|
|
|
Net
Profit |
|
20 |
18 |
8 |
12 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
79 |
61 |
53 |
|
Capital,
Paid-Up |
|
|
18 |
18 |
18 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.45 |
34.03 |
0.00 |
-32.00 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
6.06 |
5.64 |
3.36 |
5.04 |
|
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 30/09/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.51.61 |
|
UK Pound |
1 |
Rs.83.57 |
|
Euro |
1 |
Rs.67.17 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.