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Report Date : |
07.02.2014 |
IDENTIFICATION DETAILS
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Name : |
ARKRAY KK |
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Registered Office : |
Kyoto Miyuki Bldg 10F, 689 Takanacho Karasumadori-4jo-Iru Nakagyoku Kyoto 604--8153 |
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Country : |
Japan |
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Date of Incorporation : |
September 1967 |
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Com. Reg. No.: |
1300-01-009892 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of medical instruments |
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No. of Employees : |
15/20 |
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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Maximum Credit Limit : |
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Japan |
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 |
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
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Source
: CIA |
In absence of financials, no credit limit could be recommended.
ARKRAY INC
REGD NAME: ARKRAY
KK
MAIN OFFICE: Kyoto
Miyuki Bldg 10F, 689 Takanacho Karasumadori-4jo-Iru Nakagyoku Kyoto
604--8153
JAPAN
Tel:
050-5527-9301
URL: http://www.arkrayco.jp
E-Mail address: (thru the URL)
Import, wholesale
of medical instruments
Nil
TAKESHI MATSUDA,
PRES
Yen Amount: In million Yen, unless otherwise stated
FINANCES UNDETD A/SALES Yen NOT DISCLOSED
PAYMENTSUNKNOWN CAPITAL Yen
90 M
TREND UNDETD WORTH Yen NOT DISCLOSED M
STARTED 1967 EMPLOYES 15/20
TRADING FIRM SPECIALIZINF IN MEDICAL INSTRUMENTS.
FINANCIAL SITUATION CONSIDERED UNDETERMINED
DUE TO THE LACK OF PROVEN BUSINESS.
MAX CREDIT LIMIT: UNABLE TO BE ASSESSED DUE
TO THE SAME REASON.
The subject company was established by Tadashi Doi in order to make the
most of his experience and has been succeeded by the present executives. This is a trading firm for import and
wholesale of medical instruments, reagents: such as test for diabetes, test for
urine, health care, beauty care, foot care products. The firm is owned by the Doi families.
Financials are not disclosed.
Both the financial situation and business trends are not determined due
to the lack of proven business, which the firm does not release.
Date Registered: Sept 1967
Regd No.:
1300-01-009892 (Kyoto-Nakagyoku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 1,000 shares
Issued: 792 shares
Sum: Yen 9.9 million
Major
shareholders (%): Takeshi Matsuda and Doi families (--100%)
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Import and
wholesales medical instruments for testing diabetes, urine, other, health care products,
beauty care and foot care products (--100%)
Clients: [Mfrs,
wholesalers] Arkray Global Business (55%), Arkray Marketing (45%), other
No. of accounts:
limited
Domestic areas of
activities: Centered in greater-Osaka & Kyoto
Suppliers: [Mfrs, wholesalers]
Panasonic Healthcare, Sekisui Chemical Ind, MC laboratories, other
Payment record: Unknown
Location: Business area in
Kyoto. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References: Kyoto Bank (Inari)
MUFG
(Kyoto-Chuo)
Relations:
Satisfactory
(In Million Yen)
NOT DISCLOSED AND UNAVALABLE
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.50 |
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|
1 |
Rs.101.92 |
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Euro |
1 |
Rs.84.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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 |
|
-- |
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.