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Report Date : |
11.11.2014 |
IDENTIFICATION DETAILS
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Name : |
JAPAN MEDICALNEXT CO LTD |
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Registered Office : |
Tradepia Yodoyabashi 10F, 2-5-8 Imabashi Chuoku Osaka541-0042 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
April 2010 |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesale of medical equipment, surgery
supplies. |
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No. of Employees : |
245 |
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 |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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. 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 |
JAPAN MEDICALNEXT CO LTD
REGD NAME: Nihon
Medical Next KK
MAIN OFFICE: Tradepia
Yodoyabashi 10F, 2-5-8 Imabashi Chuoku Osaka541-0042 JAPAN
Tel:
06-6222-3029 Fax: 06-6222-5080
URL: http://www.j-medicalnext.co.jp
E-Mail address: (thru the URL)
Wholesale of
medical equipment, surgery supplies, other
Sapporo, Sendai,
Tokyo, Nagoya, Hiroshima, Fukuoka
MASATOSHI KIMURA,
PRES Takahisa Murata, dir
Sumio Ariyoshi,
dir Katsutoshi Kitaura,
dir
Hiroshi Suzuki,
dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 9,916 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 50 M
TREND UP WORTH Yen 2,730 M
STARTED 2010 EMPLOYES 245
WHOLESALER OF MEDICAL EQUIPMENT &
SUPPLIES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY
BUSINESS ENGAGEMENTS.
The subject company was established originally in 1990 on the basis of a
trading division separate from Kobayashi Medical, and in2000, went under the
subsidiary of Mitsubishi Corp. Renamed
as captioned 2010. This is a trading
firm for import, export and wholesale of surgery equipment & supplies,
anesthetic, other. Goods are imported
from USA, UK, Taiwan, China, other, and supplied to medical institutions,
hospitals, universities, other.
The sales volume for Mar/2014 fiscal term amounted to Yen 9,716 million,
a 10% up from Yen 8,820 million in the previous term. The weaker Yen contributed to raise
import/export earnings in Yen terms. The
net profit was posted at 522 million, compared with Yen 363 million a year ago.
For the current term ending Mar 2015 the net profit is projected at Yen
540 million, on a 5% rise in turnover, to Yen 10,200 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Apr
2010
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 4,000 shares
Issued: 1,000 shares
Sum: Yen 50 million
Major
shareholders (%): MC Healthcare Co* (100)
*.. Company under Mitsubishi Corp
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Import, export,
wholesale of medical instruments, equipment, supplies, agnostics, other
(--100%)
Clients: Hospitals,
medical institutions, universities, laboratories, other
No. of accounts:
350
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Imports from USA, UK, Taiwan, China, other
Payment record: No complaints
Location: Business area in
Osaka. Office premises at the caption
address are leased and maintained satisfactory.
Bank References:
Mizuho Bank (Osaka)
MUFG (Osaka)
Relations: Satisfactory
(In Million
Yen)
|
Terms Ending: |
31/03/2015 |
31/03/2014 |
31/03/2013 |
31/03/2012 |
|
|
Annual
Sales |
|
10,200 |
9,716 |
8,820 |
9,965 |
|
Recur.
Profit |
|
|
|
|
|
|
Net
Profit |
|
540 |
522 |
363 |
442 |
|
Total
Assets |
|
|
5,763 |
5,614 |
4,694 |
|
Current
Assets |
|
|
4,908 |
4,875 |
3,952 |
|
Current
Liabs |
|
|
2,172 |
2,406 |
1,704 |
|
Net
Worth |
|
|
2,730 |
2,385 |
2,197 |
|
Capital,
Paid-Up |
|
|
50 |
50 |
50 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
4.98 |
10.16 |
-11.49 |
-2.43 |
|
Current Ratio |
|
.. |
225.97 |
202.62 |
231.92 |
|
N.Worth Ratio |
|
.. |
47.37 |
42.48 |
46.80 |
|
R.Profit/Sales |
|
.. |
.. |
.. |
.. |
|
N.Profit/Sales |
|
5.29 |
5.37 |
4.12 |
4.44 |
|
Return On Equity |
|
.. |
19.12 |
15.22 |
20.12 |
Notes: Forecast
(or estimated) figures for the 31/03/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.45 |
|
|
1 |
Rs.97.76 |
|
Euro |
1 |
Rs.76.68 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
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|
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 |
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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 |
|
|
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 |
|
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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 |
|
|
<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.