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Report Date : |
24.12.2014 |
IDENTIFICATION DETAILS
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Name : |
ERECTA INTERNATIONAL CORPORATION |
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Registered Office : |
Naka-meguro GT Tower 14F., 2-1-1, Kami-meguro, Meguro-ku, |
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Country : |
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Date of Incorporation : |
29.08.1966 |
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Com. Reg. No.: |
0132-01-018469 ( |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Engaged
in manufacturing and distributing Erecta Shelf, the Steel Wire
Shelf, in Technical Collaboration with InterMetro Industries Corp. of the ·
Engaged in Manufacture and sales of wire shelf ·
Engaged in Manufacture and sales of meal cart(carrier) to be
used inside hospital ·
Engaged in Manufacture and sales of palette rack for logistics
industry ·
Engaged in Import and sales of the products supplied by Inter Metro, ·
Engaged in Import and sales of the products supplied by ·
Engaged in Import and sales of the products supplied by ·
Engaged in Import and ·
Engaged in Import and Sales of the products
supplied by ·
Engaged in Import and Sales of the products
supplied by |
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No of Employees : |
146 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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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 – September 30, 2014
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Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
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
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Source : CIA |
ERECTA
INTERNATIONAL CORPORATION
Company name: ERECTA INTERNATIONAL CORPORATION
Name in local language: ERECTA
K.K.
Office address: Naka-meguro GT Tower 14F., 2-1-1,
Kami-meguro, Meguro-ku,
Country:
Office tel: 03-6742-0000
Website: www.erecta.co.jp
Business type: Trader
Industry: Steel(wire) shelves, cart and
special-purpose vehicles
Established: August 29, 1966
Capital: Jp. 88,000,000 yen
Employees: 146
Corporate formation: Private
Corporation No.: 0132-01-018469
(
Paid in capital : Jp.
88,000,000 yen
Number of authorized shares : 687,104
shares
Shares issued : 159,104
shares
Number of shareholder : 4
Name of shareholders
Number of shares (%)
------------------------------------------------------------------------------------------------------------
Mr. Takashi Yanagiya, president 110,352
shares (69.4)
Employees shareholders fund 29,744 shares (18.7)
------------------------------------------------------------------------------------------------------------
Total
140,096 shares
(88.1)
Activity Product/Service
Description
-------------------------------------------------------------------------------
Trading Steel(wire shelves)
Trading Cart and special-purpose vehicles
President Mr. Takashi Yanagiya
Nationality:
Auditor Mr.
Toshitsugu Ehara
Nationality:
Note: The names of director(s) and auditor(s) are phonetically spelt.
*Key Personnel*
==============
Mr. Takashi Yanagiya
President and representative director
Born on June 24, 1949
Home address: The Homes Uehara 101, 2-13-12, Uehara, Shibuya-ku,
Currency: (local currency - Jp. yen)
-------------------------------------------------------------------------------------
Year | Sales | Net Income
-------------------------------------------------------------------------------------
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2008 |
6,573,664,000 |
loss 51,625,000 |
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2009 |
5,215,006,000 |
128,025,000 |
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2010 |
5,059,439,000 |
45,666,000 |
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2011 |
5,635,859,000 |
59,368,000 |
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2012 |
6,024,685,000 |
23,563,000 |
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2013 |
6,500,835,000 |
43,700,000 |
*Book Closing*
============
September 30th
*Financials*
==========
As a private limited company, no official financial statement is
required to be disclosed publicly.
*Bank Details*
============
Bank Name : Sumitomo Mitsui
Banking Corp.
Branch : Shibuya
Bank Name : Bank of
Tokyo-Mitsubishi UFJ, Ltd.
Branch : Shibuya-chuo
Bank Name : Resona Bank, Ltd.
Branch : Shibuya
*Credit Opinion*
=============
The subject is a Tokyo-based firm specializing in dealing with
wire(steel) shelves and special-purpose vehicles such as meal cart to be used
inside hospital or some other institutions and for home use with 48-year
business history.
Although the exact financial condition is not available due to
non-disclosure of its financial statements, there would be a certain amount of
retained earnings.
Negative factors are not observed in particular at present except for a
weaker currency for imported products.
Branch name:
Branch address: Minami-senba, Chuo-ku, Osaka-shi
----------------------------------------------------------------------------------------------------
Branch name:
Branch address: Higashi-zakura, Higashi-ku, Nagoya-shi
----------------------------------------------------------------------------------------------------
Branch name:
Branch address: Hakata-ekiminami, Hakata-ku, Fukuoka-shi
Two other local sales offices are in
*Main Products & Services*
======================
Engaged in manufacturing and distributing Erecta Shelf, the Steel
Wire Shelf, in technical Collaboration with InterMetro Industries Corp. of the
Manufacture and sales of wire shelf
Manufacture and sales of meal cart(carrier) to be used inside hospital
Manufacture and sales of palette rack for logistics industry
Import and sales of the products supplied by Inter Metro, USA
Import and sales of the products supplied by Rubbermaid, USA
Import and sales of the products supplied by Rieber, Germany
Import and sale of the products supplied by Socalmel, France
Import and sales of the products supplied by Vollrath, USA
Import and sales of the products supplied by Barth, Germany
Metal processing work
Metal-plating/galvanizing finish
Antistatic coating work
Consulting for introduction of cook chill system
Address: 817, Ochiai-cho, Kofu-shi, Yamanashi 400-0834
Tel: 055-241-6261 Fax:
055-220-2006
*Address*
=========
Registered address is the same as the operational address.
*Company History*
================
Date Development
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1966: Japan Erecta Shelf Company
is established and Japan Erecta Shelf Company builds a
manufacturing factory to produce wire
shelving and promote the shelving in Japan under
manufacturing license of Inter Metro Corp in
America.
1968: An agreement of the sales
exclusive right covering all the area of Asia is concluded
between Inter Metro Corp and Japan Erecta
Shelf Company.
Inter Metro Corp, US, develops Super Erecta Shelf.
1970: Meal Delivery Carts are
developed.
1971: Super Erecta Shelf is
released.
A distribution centre is constructed in Gotenba City to
control all products in order.
1975: An exclusive distribution
contract of Jacuzzi products is concluded between Jacuzzi
Whirlpoor Bath Inc. in America for covering
Asian market.
Osaka Branch is established.
1976: An exclusive sales
contract of Rubbermaid products is concluded between Rubbermaid
Corporation in America.
1979: A distributorship contract
for redwood planters in Japan is concluded with Little Lake
Inc. of the United States.
1981: A distributorship contract
for products from Sylight Inc. of the United States is concluded
for the Japanese market.
Erecta Industries Co., Ltd. is established with a bolstered
plating line.
Sapporo branch is
established.
1982: A distribution contract of
dome houses is made between Cathedralite Dome for
comprising markets of Japan, Southeast Asia
and Middle East.
Process of paint coating is fully automatized.
The company name is changed to Erecta International
Corporation from Japan Erecta
Shelf Company.
1984: Spot welding plant is
additionally installed to increased production capacity.
1985: the FRP made service cart
is developed and released in a market.
Nagoya
branch is established.
Technical license contract is made between
Rubbermaid Corporation for production of
several portion of Rubbermaid products in Japan.
1986: Production of the
Rubbermaid products begins.
Super
Erecta Shelf products obtain Good Design Prize.
Blute
Container of Rubbermaid products obtain Good Design Prize.
Fukuoka branch is established.
1987: John Robert Powers
Finishing School opens in Aoyama, Tokyo.
Kofu
distribution centre is built.
1988: Erecta Shelf sales top
2,000,000.
Erecta Industries
Co., Ltd. introduces a large fully automatic welding machine.
A
distribution contract of Thermoport transport boxes in Japan is made between
Rieber
Werke in Garmany.
1990: Showrooms in Tokyo and
Osaka and Sendai Branch are established.
Erecta Industries Co., Ltd. constructs a large plating line.
1994: The head office is
relocated to Aobadai Meguroku from Shinjuku NS Bldg.
Operations
commence at office with a steep rafter roof.
1995: Home Erecta shelf for home
use is added on sales range.
1997: Super Erecta Shelf obtains
Long Life Design Prize.
2000: Head office is relocated
to Shibuya Cross Tower, near Shibuya Station in Tokyo.
2002: Erecta Kofu Distribution
Center is established.
2008: Merged Erecta Industries
Co., Ltd.
2011: Head office is relocated
to the current address.
*Suppliers*
==========
Masuhari Ltd.
Sasaki Steel Bending Co., Ltd.
Inoue Metal Co., Ltd.
Toyo Corp.
Kyowa Pallette Co., Ltd.
Wakabayashi Seisakusho Co., Ltd.
Erecta Industries Co., Ltd.
InterMetro Industries Corporation
Rubbermaid Commercial Products Inc.
Rieber GmbH & Co.,
Socalmel Technologies S.A.
Vollrath Company LLC
Barth GmbH
*Customers*
==========
Nichiyu MHI Tokyo Inc.
Nippon Choriki(Cookware) Co., Ltd.
Hoshizaki Tokyo Corp.
Askul Corp.
Yamazen Corp.
Nittsu Trading Co., Ltd.
Kajiwara Sangyo Co., Ltd.
Ikeda Rika Co., Ltd.
Tanikoh Co., Ltd.
Fujimac Corp.
Company name: Erecta Shanghai International Corp.
Country: China
Status: Subsidiary
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.63.45 |
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UK Pound |
1 |
Rs.98.88 |
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Euro |
1 |
Rs.77.62 |
INFORMATION DETAILS
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Analysis Done by
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KAR |
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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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 |
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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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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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.