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Report Date : |
06.04.2014 |
IDENTIFICATION DETAILS
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Name : |
WELLCARE BED CO
LTD |
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Registered Office : |
6-26-201 Kagurazaka Shinjukuku Tokyo 162-0825 |
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Country : |
Japan |
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Date of Incorporation : |
April 2005 |
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Com. Reg. No.: |
0111-01-062958 |
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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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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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. Prime Minister Shinzo ABE has declared the economy his government's top priority; he has overturned his predecessor's plan to permanently close nuclear power plants and is pursuing an economic revitalization agenda of fiscal stimulus, monetary easing, and structural reform. Japan joined the Trans Pacific Partnership negotiations in 2013, a pact that would open Japan's economy to increased foreign competition and create new export opportunities for Japanese businesses. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2013 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 is exceeding 230% of GDP. To help raise government revenue and reduce public debt, Japan decided in 2013 to gradually increase the consumption tax to a total of 10% by the year 2015. Japan is making progress on ending deflation due to a weaker yen and higher energy costs, but reliance on exports to drive growth and an aging, shrinking population pose 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
FINANCES UNDETD A/SALES Yen 6,000 M*
PAYMENTS UNKNOWN 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 6,000 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
Regd No.: 0111-01-062958 (Tokyo-Shinjukuku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized:
1,000 shares
Issued:
100 shares
Sum:
Yen 5 million
Major shareholders (%): Kazuyoshi Iida
(100)
Nothing detrimental
is known as to his commercial morality.
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.60.32 |
|
|
1 |
Rs.100.04 |
|
Euro |
1 |
Rs.82.65 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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|
|
|
Report Prepared
by : |
NIS |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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|
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 |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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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 |
-- |
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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.