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Report Date : |
07.01.2013 |
IDENTIFICATION DETAILS
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Name : |
SATA CORPORATION |
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Registered Office : |
2-3-4 Higashi-Azabu Minatoku Tokyo 106-0044 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
July 1973 |
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Com. Reg. No.: |
0104-01-011472 (Tokyo-Minatoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of medical instruments, supplies |
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No. of Employees : |
40 |
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 : |
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 (31.03.2011) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
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 |
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 third-largest
economy in the world after second-place China, which surpassed Japan in 2001,
and in a virtual tie with India. 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
SATA CORPORATION
REGD NAME: KK
Sata Shokai
MAIN OFFICE: 2-3-4
Higashi-Azabu Minatoku Tokyo 106-0044 JAPAN
Tel:
03-3588-0044 Fax: 03-3586-4388
URL: http://www.tokibo.co.jp
‘Of the parent, Tokibo Co Ltd)
E-Mail address: (thru the URL)
Import, wholesale
of medical instruments, supplies
Nil
YASUHIKO SATA,
PRES
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 4,000 M
PAYMENTS NO
COMPLAINTS CAPITAL Yen 72 M
TREND UP WORTH Yen 870 M
STARTED 1973 EMPLOYES 40
TRADING FIRM SPECIALIZING IN MEDICAL INSTRUMENTS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was
established on the basis of a trading division separated from Tokibo Co Ltd, at
the caption address (See REGISTRATION). Yasuhiko Sata is concurrently pres at the
parent. This is a trading firm
specializing in import and wholesale of medical instruments, including dental
instruments. Goods are wholly shipped to
the parent for wholesaling and retailing.
Financials are only
partially disclosed.
The sales volume for Dec/2011 fiscal term
amounted to Yen 4,000 million, a 5% up from Yen 3,800 million in the previous
term. Imports and handling volumes are
increased. The net profit was posted at
Yen 30 million, similarly in the previous term.
For the term that just
ended Dec 2012 the net profit was projected at Yen 35 million, on a 5% rise in
turnover, to Yen 4,200 million. Final
results are yet to be released.
The financial
situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Jul
1973
Regd No.:
0104-01-011472 (Tokyo-Minatoku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 576,000 shares
Issued: 144,000 shares
Sum: Yen 72 million
Major
shareholders (%): Tokibo Co Ltd* (100)
*.. Wholesaler of medical instruments, at
the caption address, founded 1955, capital Yen 91 million, sales Yen 8,000
million, net profit Yen 11 million, employees 250 million, pres Yasuhiko Sata,
concurrently
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and
wholesales medical instruments, including dental instruments, supplies (--100%)
Clients: [Wholesaler]
Wholly shipped to Tokibo Co Ltd
No. of accounts: 1
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] TKB International TKB Medical, other
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are owned by the parent, Tokibo Co Ltd, and maintained satisfactorily.
Bank References:
SMBC (H/O)
MUFG (Roppongi)
Relations:
Satisfactory
(In Million Yen)
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31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
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Annual
Sales |
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4,200 |
4,000 |
3,800 |
4,800 |
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Recur.
Profit |
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Net
Profit |
|
35 |
30 |
30 |
35 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
|
|
870 |
840 |
810 |
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Capital,
Paid-Up |
|
|
72 |
72 |
72 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
5.00 |
5.26 |
-20.83 |
-4.00 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
.. |
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N.Profit/Sales |
0.83 |
0.75 |
0.79 |
0.73 |
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Notes: Financials
are only partially disclosed.
Forecast (or
estimated) figures for the 31/12/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.84 |
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|
1 |
Rs.88.16 |
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Euro |
1 |
Rs.71.54 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
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.