|
Report Date : |
27.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
TKB CORPORATION |
|
|
|
|
Registered Office : |
Tokibo Bldg, 2-3-4 Higashi-Azabu Minatoku Tokyo 106-0044 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Date of Incorporation : |
July 1973 |
|
|
|
|
Com. Reg. No.: |
0104-01-011472 (Tokyo-Minatoku) |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Importer, wholesaler of
medical equipment (electrical) |
|
|
|
|
No. of Employees : |
45 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 – September 30th, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
TKB CORPORATION
KK TKB
Tokibo Bldg, 2-3-4
Higashi-Azabu Minatoku Tokyo 106-0044 JAPAN
Tel:
03-3582-5087 Fax: 03-3586-5042
E-Mail address: (thru the URL)
Import,
wholesale of medical equipment (electrical), other
Nil
Hong
Kong, USA
(subcontracted)
YASUHIKO
SATA, PRES Hatsuyo
Sata, dir
Tsuneo
Ikeda, dir Mikako
Sata, dir
Akiko
Sata, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 5,000 M*
PAYMENTS Unknown CAPITAL Yen 72 M
TREND SLOW WORTH Yen
1,437 M
STARTED 1973 EMPLOYES 45
*..
Only estimated, as exact figures not disclosed
TRADING FIRM SPECIALIZING IN MEDICAL EQUIPMENT.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN ^ MILLION,
30 DAYS NORMAL TERMS
The subject company
was established by Yasuhiko Sata in order to make most of his experience in the
subject line of business. This is a
group of 6 group firms. This is a
trading firm specializing in medical equipment, other.
Goods are wholly
supplied to Tokibo Co Ltd, a subsidiary.
Goods are imported from Hong Kong, USA, China, other.
Financials are not disclosed after Dec/2009 fiscal term,
when the firm’ sales amounted to Yen 5,300 million, with Yen 60 million net
profit.
The financial situation is
considered FAIR and good for ORDINARY business engagements.
Date Registered: Jul
1973
Regd No.: 0104-01-011472
(Tokyo-Minatoku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 576,000 shares
Issued: 144,000 shares
Sum: Yen
72 million
Major shareholders (%): Yasuhiko Sata (100
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and wholesales medical equipment, supplies, other (--100%)
Clients: [Mfrs, wholesalers] Tokibo Co Ltd, other
No. of accounts: Limited
Domestic areas of activities:
Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Imported from Hong Kong, USA, other
Payment record: Unknown
Location: Business area in Tokyo. Office
premises at the caption address are owned and maintained satisfactorily.
Bank References:
SMBC (H/O)
Shoko Chukin Bank (Tokyo)
Relations: Satisfactory
(In Million Yen)
NOT DISCLOSED FROM THE DEC/2009 FISCAL
TERM AND UNAVAILABLE
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.45 |
|
|
1 |
Rs.100.86 |
|
Euro |
1 |
Rs.84.50 |
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.