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Report Date : |
28.01.2013 |
IDENTIFICATION DETAILS
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Name : |
SHOKA PHARMACY CO LTD |
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Registered Office : |
OWK Bldg 6F, 3-5-2 Shimbashi Minatoku
Tokyo 105-0004 |
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Country : |
Japan |
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Financials (as on) : |
30.09.2012 |
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Date of Incorporation : |
December 1960 |
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Com. Reg. No.: |
0104-01-013799 (Tokyo-Minatoku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of industrial chemicals,
pharmaceuticals, other |
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No. of Employees : |
9 |
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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Status : |
Small Company |
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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 |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
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.
Source
: CIA
SHOKA PHARMACY CO LTD
REGD NAME: Shoka
Yakuhin KK
MAIN OFFICE: OWK Bldg
6F, 3-5-2 Shimbashi Minatoku Tokyo 105-0004 JAPAN
Tel:
03-6273-3171 Fax: 03-6273-3172
E-mail Address: (thru
the URL)
Import, wholesale
of industrial chemicals, pharmaceuticals, other
China (3)
MOTOKAZU KATORI,
PRES
Shin’ichi Katori,
dir
Hisako Katori, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 702 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
12 M
TREND UP WORTH Yen 115 M
STARTED 1960 EMPLOYES 9
TRADING FIRM
SPECIALIZING IN INDUSTRIAL CHEMICALS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS BUT DOUBTFUL FOR CREDIT ENGAGEMENTS:
US$5,000,000.00
The subject company was
established by father of Motokazu Katori in order to make most of his
experience in the subject line of business.
Motokazu took the pres office in 2005.
This is a family-based trading firm specializing in import and wholesale
of industrial chemicals, pharmaceuticals, reagents, other. Goods are imported from China, other. Domestic clients include major chemical
firms, oil firms, other.
Financials are only partially disclosed as is the case with family-based
companies.
The sales volume for Sept/2012 fiscal term
amounted to Yen 702 million, a 9% up from Yen 642 million in the previous
term. Generic drugs were in much
demand. The net profit was posted at Yen
1 million, compared with Yen 10 million a year ago.
.
For the current
term ending Sept 2013 fiscal term the net profit is projected at Yen 2 million,
on a 3% rise in turnover, to Yen 720 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements. The proposed
amount, however, is considered TOO HIGH from the recent financial status.
Date Registered: Dec
1960
Regd No.:
0104-01-013799 (Tokyo-Minatoku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 960 shares
Issued: 240 shares
Sum: Yen 12 million
Major shareholders (%): Motokazu Katori
(58.3), Hisako Katori (25), Shin’ichi
Katori (16.7)
No. of
shareholders: 3
Nothing detrimental is known as to the commercial
morality of executives.
Activities: Imports and
wholesales industrial chemicals, pharmaceuticals, reagents, food additives,
feed additives, others (--100%)
Clients: [Mfrs,
wholesalers] Ace Trading, Kyoritsu Seiyaku Corp, Marubeni Nisshin Feed Co,
Miyako Chemical, Inabata & Co, San-Ai Oil Co, other
No. of accounts:
300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Takasago International Corp, Maruzen Chemical Co, Gunei Chemical
Ind, other.
Imports from China, other
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
SMBC (Hibiya)
Resona Bank
(Shiba)
Relations:
Satisfactory
(In Million Yen)
|
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30/09/2013 |
30/09/2012 |
30/09/2011 |
30/09/2010 |
|
Annual
Sales |
|
720 |
702 |
642 |
604 |
|
Recur.
Profit |
|
|
|
|
|
|
Net
Profit |
|
2 |
1 |
10 |
16 |
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Total
Assets |
|
|
373 |
N/A |
N/A |
|
Net
Worth |
|
|
115 |
114 |
104 |
|
Capital,
Paid-Up |
|
|
12 |
12 |
12 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.56 |
9.35 |
6.29 |
2.03 |
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Current Ratio |
|
|
.. |
.. |
.. |
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N.Worth Ratio |
|
30.83 |
.. |
.. |
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N.Profit/Sales |
0.28 |
0.14 |
1.56 |
2.65 |
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Notes: Financials
are only partially disclosed.
Forecast (or
estimated) figures for the 30/09/2013 Fiscal Term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.85 |
|
|
1 |
Rs.85.25 |
|
Euro |
1 |
Rs.71.72 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
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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 |
|
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 |
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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 |
|
<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.