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Report Date : |
19.07.2013 |
IDENTIFICATION DETAILS
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Name : |
NEULAND LABORATORIES KK JAPAN |
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Registered Office : |
Ishimaru Bldg Annex 3F, 1-10-1 Kajicho
Chiyodaku Tokyo 101-0044 |
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Country : |
Japan |
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Date of Incorporation : |
July 2008 |
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Com. Reg. No.: |
0100-01-118896
(Tokyo-Chiyodaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Importer and
wholesaler of API’s |
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No. of Employees : |
02 |
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 : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 small agricultural
sector is highly subsidized and protected, with crop yields among the highest
in the world. While self-sufficient in rice production, Japan imports about 60%
of its food on a caloric basis. 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. Modest economic
growth continued after 2000, but the economy has fallen into recession three
times since 2008. A sharp downturn in business investment and global demand for
Japan's exports in late 2008 pushed Japan 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 and the
ensuing tsunami in March disrupted manufacturing. The economy has largely
recovered in the two years since the disaster, but reconstruction in the Tohoku
region has been uneven. Newly-elected Prime Minister Shinzo ABE has declared
the economy his government's top priority; he has pledged to reconsider his
predecessor's plan to permanently close nuclear power plants and is pursuing an
economic revitalization agenda of fiscal stimulus and regulatory reform and has
said he will press the Bank of Japan to loosen monetary policy. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, Japan
in 2012 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 2012. The new government will continue a longstanding debate 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 |
NEULAND LABORATORIES KK JAPAN
Neuland
laboratories KK
Ishimaru Bldg
Annex 3F, 1-10-1 Kajicho Chiyodaku Tokyo 101-0044 JAPAN
Tel:
03-3526-5171
Fax: 03-3526-5172
URL: N/A
E-Mail address: apijapan@neulandlabs.com
Import, wholesale of API’s
Nil
India
(parent company)
YASUAKI
ONIZAWA, PRES
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES UNDETD A/SALES Yen UNDISCLOSED
PAYMENTS Unknown CAPITAL Yen 3 M
TREND UNDETD WORTH Yen
3 M*
STARTED 2008 EMPLOYES 2
IMPORTER OF API, OWNED BY NEULAND LABORATORIES LTD INDIA.
FINANCIAL SITUATION UNDETERMINED DUE TO THE LACK OF PROVEN BUSINESS BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
The subject company
was established by Neuland Laboratories Ltd, India, as its marketing arm in
Japan. This is a trading firm for import
and wholesale of API’s, manufactured by the parent and group firms. The firm does not disclose any of its
managerial/financial information and the contents of this report are based on
the Registration Certificate and information gathered from outside sources.
Financials are
consolidated by the Indian parent and not individually disclosed. The firm declined to divulge them without
authority from the Indian parent. No
financials, therefore, are available.
Both the financial
situation and business trends are not determined due to the lack of proven
business but should be good for MODERATE business engagements. Max credit limit is unable to be assessed due
to the lack of proven business records.
Any credits are recommended on fully secured terms from the Indian
parent, Neuland Laboratories Ltd, India.
Date Registered: Jul
2008
Regd No.: 0100-01-118896 (Tokyo-Chiyodaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
60 shares
Issued: 60 shares
Sum: Yen 3 million
Major shareholders (%): Neuland Laboratories Ltd, India
(100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and wholesales API’s, other (--100%)
Clients: Pharmaceutical makers, wholesalers, stores, other
No. of accounts: Unavailable
Domestic areas of activities:
Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Imports from India
Payment record: Unknown
Location: Business area in Tokyo. Office
premises at the caption address are leased and maintained satisfactorily.
Bank References:
SMBC (Kanda-Ekimae)
Relations:
Money deposits and transfers only
(In Million Yen)
NOT DISCLOSED AND UNAVAILABLE.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.71 |
|
UK Pound |
1 |
Rs.90.59 |
|
Euro |
1 |
Rs.78.22 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.