|
Report Date : |
17.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
ARKRAY FACTORY INC |
|
|
|
|
Registered Office : |
1480 Kohji Konancho Koga Shiga-Pref 520-3306 |
|
|
|
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Country : |
Japan |
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|
|
|
Financials (as on) : |
31.10.2013 |
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|
|
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Date of Incorporation : |
June 1996 |
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|
|
|
Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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|
|
|
Line of Business : |
Manufactures medical reagents (bio-chemicals), medical
instruments, tools, others |
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|
|
|
No. of Employees : |
122 |
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 |
|
Maximum Credit Limit : |
Yen 252.5 Million |
|
Status : |
Satisfactory |
|
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 |
|
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 |
ARKRAY FACTORY INC
REGD NAME: KK
Arkray Factory
MAIN OFFICE: 1480
Kohji Konancho Koga Shiga-Pref 520-3306 JAPAN
Tel:
0748-86-6933 Fax: 0748-5347
E-Mail
address: (thru the URL)
Mfg of
medical reagents, medical instruments
Nil
USA,
UK, China
At the
caption address (2); USA, UK, China
HIROSHI
HYODO, PRES
Masanori
Hatta, dir
Takeshi
Matsuda, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 14,300 M
PAYMENTSREGULAR CAPITAL Yen
10 M
TREND UP WORTH Yen 11,210 M
STARTED 1996 EMPLOYES 122
MFR OF REAGENTS, MEDICAL INSTRUMENTS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 252.5 MILLION,
30 DAYS NORMAL TERMS
The subject
company is a specialized mfr of medical reagents, medical instruments and
tools. Goods are all supplied to Arkray
Co for distribution.
Financials
are only partially disclosed.
The sales volume for Oct/2012
fiscal term amounted to Yen 14,300 million, an 8% up from Yen 13,300 million in
the previous term. The net profit was
posted at Yen 1,050 million, compared with Yen 1,300 million a year ago.
For the
current term ending Oct 2013 the net profit is projected at Yen 1,200 million,
on a 5% rise in turnover, to Yen 15,000 million.
The
financial situation is considered FAIR and good for ORDINARY business engagements.
Max credit limit is estimated at Yen 262.5 million, on 30 days normal terms
Date Registered: Jun 1996
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
800 shares
Issued:
200 shares
Sum: Yen 10 million
Major shareholders (%):
Arkray Co Ltd (100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures medical reagents
(bio-chemicals), medical instruments, tools, others (--100%)
Clients: [Mfrs, wholesalers] Wholly supplied to
Arkray Co Ltd
No. of
accounts: 1
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Sekisui Medical,
Sekisui Film, Kansai Medical, Kyocera, other
Payment record: No
Complaints
Location:
Business area in Koga, Shiga-Pref.
Office premises at the caption address are owned and maintained
satisfactorily.
Bank References:
Kyoto
Bank (Inari)
MUFG
(Kyoto-Chuo)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/10/2013 |
31/10/2012 |
31/10/2011 |
31/10/2010 |
|
Annual
Sales |
|
15,000 |
14,300 |
13,300 |
12,100 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
1,200 |
1,050 |
1,300 |
1,130 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
11,210 |
10,160 |
8,860 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.90 |
7.52 |
9.92 |
15.68 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
8.00 |
7.34 |
9.77 |
9.34 |
|
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/10/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.48 |
|
|
1 |
Rs.99.66 |
|
Euro |
1 |
Rs.83.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.