|
Report Date : |
08.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
SANKEI CO LTD |
|
|
|
|
Registered Office : |
1969-33 Yawatakaigandori Ichihara Chiba-Pref |
|
|
|
|
Country : |
Japan |
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|
|
|
Financials (as on) : |
31.08.2012 |
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|
|
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Date of Incorporation : |
November 1975 |
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|
|
|
Legal Form : |
Limited
Company (Kabushiki Kaisha) |
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|
|
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Line of Business : |
Manufacturer of medical devices |
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|
|
|
No. of Employees : |
21 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 |
|
Restricted |
C2 |
|
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 |
SANKEI CO LTD
KK Sankei
1969-33
Yawatakaigandori Ichihara Chiba-Pref JAPAN
Tel:
0436-41-1820 Fax: 0436-41-1845
E-Mail address: sankei@Kc4.so-net.ne.jp
Mfg of
medical devices
Nil
At the
caption address; Indonesia
YASUO
MATSUNAMI, PRES
Ayako
Matsunami, dir
Akiko
Matsunami, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 700 M
PAYMENTSNo
Complaints CAPITAL Yen
10 M
TREND SLOW WORTH Yen 780 M
STARTED 1975 EMPLOYES 21
MFR OF MEDICAL DEVICES.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established originally in 1971 by Yasuo Matsunami, on his account, for mfg medical devices, and was incorporated in 1975. This is a specialized mfr of medical devices (See OPERATION). Goods are exported to USA, other. Clients include hospitals, sanitary wholesalers, other
Financials are only partially disclosed.
The sales volume for Aug/2012 fiscal term amounted to Yen 700 million, a similar amount in the previous term. Export volumes were increased but the high Yen reduced earnings & profits in Yen terms. The net profit was posted at Yen 35 million, a similar amount in the previous year.
For the current term ending Aug 2013 the net profit is projected at Yen 40 million, respectively, on a 5% rise in turnover, to Yen 735 million.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Nov 1975
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
800 shares
Issued:
200 shares
Sum: Yen 10 million
Major shareholders
(%): Yasuo Matsunami (100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures medical devices: sphygmomanometer, stethoscopes, latex rubber products & latex-free products 8latex bladder, latex bulk, other), tourniquets, forceps, massage cushions, others (--100%)
Goods are both imported and exported
Clients: [Mfrs, wholesalers] MHC, Nihon Kohden Corp, Terumo Corp, other.
Exports to: USA, S/E Asia, other
No. of accounts: 300
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs, wholesalers] Imports from USA,
Indonesia, Germany, Pakistan, other
Payment record: No Complaints
Location:
Business area in Chiba. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References:
Keiyo
Bank (Inage-Kaigan)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/08/2013 |
31/08/2012 |
31/08/2011 |
31/08/2010 |
|
Annual
Sales |
|
735 |
700 |
700 |
750 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
40 |
35 |
35 |
37 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net Worth |
|
|
780 |
745 |
710 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
5.00 |
0.00 |
-6.67 |
-16.67 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
5.44 |
5.00 |
5.00 |
4.93 |
|
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/08/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.27 |
|
UK Pound |
1 |
Rs.84.32 |
|
Euro |
1 |
Rs.70.99 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.