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Report Date : |
02.05.2013 |
IDENTIFICATION DETAILS
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Name : |
Wellcare bed Co Ltd |
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Registered Office : |
6-26-201 Kagurazaka, Shinjukuku Tokyo162-0825 |
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Country : |
Japan |
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Date of Incorporation : |
April, 2005 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Wholesale, leasing of nursing care beds with a bathtub |
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No. of Employees : |
10 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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.
Source
: CIA
WELLCARE BED CO LTD
REGD NAME: Wellcare
Bed KK
MAIN OFFICE: 6-26-201
Kagurazaka Shinjukuku Tokyo 162-0825 JAPAN
Tel:
03-6265-3437 Fax:
03-6265-3438
URL: http://www.wcb.co.jp
E-Mail address: (thru the URL)
Wholesale, leasing
of nursing care beds with a bathtub
Dealership
(Nationwide)
KAZUYOSHI IIDA,
PRES
Yen Amount: In million Yen, unless otherwise stated
SUMMARY:
FINANCES UNDETD A/SALES Yen 5,000 M*
PAYMENTSUNKNOWN CAPITAL Yen Unavailable
TREND UNDETD WORTH Yen Unavailable
STARTED 2005 EMPLOYES 10
*..
Estimated figures only, as financials are not disclosed
WHOLESALER OF NURSING CARE BEDS.
FINANCIAL SITUATION UNDETERMINED DUE TO THE
LACK OF PROVEN BUSINESS, WHICH THE FIRM DOES NOT DISCLOSE.
The subject
company was established by Kazuyoshi Iida, a founder family of Takashimaya Co
Ltd (leading department store, and ex managing director of Takashimaya), in
order to make most of his experience in the subject line of business. This is a trading firm specializing in export
and wholesale of nursing beds with bathtubs, a unique product named as “Yume
Kagura”. Goods are also leased. Distribution is thru agent dealers &
partners nationwide.
Partners: Rose Heart
International, Bauhause Academy, Minerva Co, Hermes Electronic Ind, Siemens Co,
other.
Financials are not disclosed. It
is estimated that the annual turnover is around Yen 5,000 million, but this
figure is not verified. We gathered from
the performance of similar traders only.
Both the financials 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 same reason. .
Date Registered: Apr
2005
Legal Status: Limited Company (Kabushiki Kaisha)
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Exports and wholesales
nursing care bed with bathtubs of safety railing (Yume Kagura), other (--100%)
Payment record: Unknown
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank
References:
Local Bank
(Tokyo)
Relations:
Satisfactory
(In Million Yen)
NOT DISCLOSED AND UNAVAILABLE.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.28 |
|
|
1 |
Rs.84.23 |
|
Euro |
1 |
Rs.70.90 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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.