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Report Date : |
21.06.2013 |
IDENTIFICATION DETAILS
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Name : |
CENTRAL BUSSAN CO LTD |
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Registered Office : |
Kobayashi Bldg 6F, 4-7-2 Nihombashi-Honcho Chuoku |
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Country : |
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Financials (as on) : |
30.09.2012 |
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Date of Incorporation : |
August 1973 |
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Com. Reg. No.: |
0100-01-048112 (Tokyo-Chuoku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of medical goods |
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No. of Employees : |
11 |
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 : |
Regular |
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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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
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.
Source
: CIA
CENTRAL BUSSAN CO LTD
REGD NAME: Central
Bussan KK
MAIN OFFICE: Kobayashi
Bldg 6F, 4-7-2 Nihombashi-Honcho Chuoku Tokyo 103-0023 JAPAN
Tel:
03-3279-2330 Fax: 03-3279-2357
URL: http://www.centralbussan.com
E-Mail address: info@centralbussan.com
Import, wholesale
of medical goods
Shizuoka
KAZUMASA WATANABE,
PRES
Hiroo Watanabe,
dir Akiko Watanabe, dir
Fumitomo Nagai,
dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 907 M
PAYMENTS REGULAR CAPITAL Yen
10 M
TREND UP WORTH Yen 146 M
STARTED 1973 EMPLOYES 11
TRADING FIRM SPECIALIIZNG IN MEDICAL SUPPLIES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was
established by father of Kazumasa Watanabe in order to make most of his
experience in the subject line of business.
This is a trading firm for import and wholesale of medical supplies:
rubber plugs, caps, polyethylene packages, other, all for medical use. Imports the goods from Belgium, Switz,
other.
Financials are only
partially disclosed.
The sales volume for Sept/2012 fiscal term amounted
to Yen 907 million, a 15% up from Yen 788 million in the previous term. Rubber caps & plugs for medical use were
in good and increasing demand. The
recurring net profit was posted at Yen 14 million, similarly in the previous
term.
For the current term
ending Sept 2013 the net profit is projected at Yen 15 million, on a 5% rise in
turnover, to Yen 950 million.
The financial
situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Aug
1973
Regd No.:
0100-01-048112 (Tokyo-Chuoku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 80,000 shares
Issued: 20,000 shares
Sum: Yen 10 million
Major
shareholders (%): Hiroaki Watanabe, other (Breakdown unavailable)
No. of shareholders: 15
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and
wholesales medical supplies: medicine bottles, rubber plugs, caps, polyethylene
bags, clean system bags, vial ampoules, glass bottles, other (--100%)
Clients: [Mfrs,
wholesalers] Japan Glass Ind, Tokuyama Sekisui Co, Showa Yakuhin Kako, Nipro
Corp, Sumitomo Rubber Ind, Japan Blood Products Organization, other
No. of accounts:
300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] ILS, ATMi, Datwyler Pharma (--Belgium), Klockner Penteplast
(Switz), Maeda Glass Co, other
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Shoko Chukin Bank
(H/O)
Mizuho Bank
(Yokoyamacho)
Relations:
Satisfactory
(In Million
Yen)
|
Terms Ending: |
|
30/09/2013 |
30/09/2012 |
30/09/2011 |
30/09/2010 |
|
Annual
Sales |
|
950 |
907 |
788 |
845 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
15 |
14 |
14 |
17 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
146 |
132 |
118 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.74 |
15.10 |
-6.75 |
20.89 |
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|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
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N.Profit/Sales |
1.58 |
1.54 |
1.78 |
2.01 |
|
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.59.70 |
|
|
1 |
Rs.92.22 |
|
Euro |
1 |
Rs.79.18 |
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 |
|
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.