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Report Date : |
17.01.2013 |
IDENTIFICATION DETAILS
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Name : |
MIZUHO MEDICAL CO LTD |
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Registered Office : |
ICN Bldg 5F, 2-27-17 Hongo Bunkyoku Tokyo 113-0033 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
April, 1981 |
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Reg. No.: |
0100-01-145177 |
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Legal Form : |
Limited Company |
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Line of Business : |
Export of medical instruments, devices, supplies |
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No. of Employees : |
17 |
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
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Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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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 |
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.
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Source : CIA |
MIZUHO MEDICAL CO
LTD
Mizuho Medical KK
ICN Bldg 5F, 2-27-17 Hongo Bunkyoku Tokyo 113-0033 JAPAN
Tel: 03-3815-7101
Fax: 03-3818-1705
URL: http://www.mizuhomedical.co.jp
E-Mail address: (thru the URL)
Export of medical instruments, devices, supplies
Nil
USA, Thailand
TORU NEMOTO, PRES
Takashi Nemoto, rep dir
Toshio Nemoto, dir
Yen Amount: In million Yen,
unless otherwise stated
FINANCES FAIR A/SALES Yen 3,800 M
PAYMENTS NO COMPLAINTS CAPITAL Yen 30 M
TREND UP WORTH Yen 2,346 M
STARTED 1981 EMPLOYES 17
EXPORTER OF MEDICAL INSTRUMENTS & DEVICES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
The subject company was established on the basis of a trading division
separated from Mizuho Ikakogyo Co Ltd, mfr of medical instruments &
devices. Toru Nemoto is concurrently ch
at the parent. This is a trading firm
for exporting medical instruments, devices, supplies, etc, manufactured by the
parent company (See OPERATION). Goods are exported to USA, Canada, China,
Asia, other.
Financials are only partially disclosed.
The sales volume for Dec/1211 fiscal term amounted to Yen 3,800 million,
a 12% UP from Yen 3,400 million in the previous term. Exports into Thailand and other S/E Asian
countries increased. The net profit was
posted at Yen 120 million, compared with Yen 80 million a year ago. Sales amount rose more than to compensate the
loss by the high Yen.
For the current term ending Dec 2012 the net profit is projected at Yen
125 million, on a 4% rise in turnover, to Yen 3,950 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Apr
1981
Regd No.: 0100-01-145177
(Tokyo-Bunkyoku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 240,000 shares
Issued:
60,000 shares
Sum: Yen
30 million
Major shareholders
(%): Mizuho Ikakogyo Co Ltd (23), Mizuho Ikadenki Co (22), Mizuho Fukushikai
(17), other
No. of
shareholders: 7
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Exports medical
instruments, devices, supplies, manufactured by the parent, Mizuho Ikakogyo Co
Ltd, others (--100%)
(Handling Items): operating tables
& accessories, implants, instruments, aneurysm clips, head frame &
holder, hyper eye medical system, other
Clients: [Mfrs,
wholesalers] Skytron (70%), Hospitech, Mizuho America, T&K Corporations,
Canada Micro Surgical, Mitsubishi Corp, other
No. of accounts: Unavailable
Domestic areas of activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Mizuho Ikakogyo Co, Mizuho Ikadenki Co
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Mizuho Bank (Hongo)
MUFG (Hongo)
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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3,950 |
3,800 |
3,400 |
2,976 |
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Recur. Profit |
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321 |
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Net Profit |
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125 |
120 |
80 |
181 |
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Total Assets |
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N/A |
N/A |
2,570 |
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Net Worth |
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2,346 |
2,262 |
2,206 |
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Capital, Paid-Up |
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30 |
30 |
30 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
7.50 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.95 |
11.76 |
14.25 |
-15.36 |
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Current Ratio |
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#DIV/0! |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
85.84 |
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N.Profit/Sales |
3.16 |
3.16 |
2.35 |
6.08 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/12/2012 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.54.82 |
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1 |
Rs.87.99 |
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Euro |
1 |
Rs.72.83 |
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.