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Report Date : |
16.09.2013 |
IDENTIFICATION DETAILS
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Name : |
ALP CO LTD |
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|
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Registered Office : |
3-3-10 Midorigaoka Hamura Tokyo-Metrop 205-0003 |
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Country : |
Japan |
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Financials (as on) : |
30.04.2012 |
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Year of Incorporation : |
June 1976 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturing of medical equipment & tools |
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No. of Employees : |
25 |
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 |
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Payment Behaviour : |
No complaints |
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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 |
|
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
ALP CO LTD
REGD NAME: Alp KK
MAIN OFFICE: 3-3-10 Midorigaoka Hamura Tokyo-Metrop 205-0003 JAPAN
Tel: 042-579-0531
Fax: 042-579-0533
E-Mail address: (thru the URL)
Mfg of medical equipment & tools
Nil
At the caption address
JUN’ICHI ENDOH, PRES
Toshiko Endoh, dir
Jun’ya Endoh, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 459 M
PAYMENTS NO COMPLAINTS CAPITAL Yen 10
TREND UP WORTH Yen 888 M
STARTED 1976 EMPLOYES 25
MFR OF MEDICAL EQUIPMENT & TOOLS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established originally in 1967 as a private entrenership and was incorporated in 1976 by Jun’ichi Endoh. This is a specialized mfr of medical instruments & equipment: steam sterilizer, pressure cooler, hot air sterilizer, other. Clients include hospitals, medical equipment mfrs, other.
The sales volume for Apr/2012 fiscal term amounted to Yen 459 million, a 13% up from Yen 406 million in the previous term. The recurring profit was posted at Yen 47 million and the net profit at Yen 31 million, respectively, compared with Yen 7 million recurring profit and Yen 17 million net profit, respectively, a year ago.
For the term that ended Apr 2013 the recurring profit was projected at Yen 50 million and the net profit at Yen 35 million, respectively, on a 5% rise in turnover, to Yen 485 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Jun 1976
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 80,000 shares
Issued: 20,000 shares
Sum: Yen 10 million
Major shareholders (%): Jun’ichi Endoh (65) and families
No. of shareholders: 7
Nothing detrimental is known as to the commercial morality of executives.
Activities: Manufactures medical equipment & tools: steam sterilizer, pressure cooler, hot air sterilizer, vertical oven, other (--100%)
Clients: [Mfrs, wholesalers] Ikeda Scientific Co, Shimadzu Rika Corp, Asone, other
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Tachikawa Electric, Tsukiboshi Shoji Co, Nippo, other
Payment record: Regular
Location: Business area in Hamura, Tokyo-Metrop. Office premises at the caption address are owned and maintained satisfactorily.
Bank References: MUFG (Fussa)
Mizuho Bank (Higashi-Ohme)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
30/04/2013 |
30/04/2012 |
30/04/2011 |
30/04/2010 |
|
|
Annual
Sales |
|
485 |
459 |
406 |
380 |
|
Recur.
Profit |
|
50 |
47 |
7 |
|
|
Net
Profit |
|
35 |
31 |
17 |
28 |
|
Total
Assets |
|
|
973 |
933 |
1,025 |
|
Current
Assets |
|
|
560 |
560 |
|
|
Current
Liabs |
|
|
84 |
73 |
|
|
Net
Worth |
|
|
888 |
858 |
842 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.Ttl
in Million (¥) |
|
|
1.5 |
1.5 |
1.5 |
|
<Analytical
Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
5.66 |
13.05 |
6.84 |
-9.95 |
|
|
Current Ratio |
|
.. |
666.67 |
767.12 |
.. |
|
N.Worth Ratio |
.. |
91.26 |
91.96 |
82.15 |
|
|
R.Profit/Sales |
|
10.31 |
10.24 |
1.72 |
.. |
|
N.Profit/Sales |
7.22 |
6.75 |
4.19 |
7.37 |
|
|
Return On Equity |
.. |
3.49 |
1.98 |
3.33 |
|
Notes: Forecast (or estimated) figures for the 30/04/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.79 |
|
|
1 |
Rs.100.70 |
|
Euro |
1 |
Rs.84.67 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.