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Report Date : |
05.09.2014 |
IDENTIFICATION DETAILS
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Name : |
TERUMO CORPORATION |
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Registered Office : |
Al |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
12.06.1993 |
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Com. Reg. No.: |
40965, |
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Legal Form : |
Branch of a Foreign Registered Corporation |
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Line of Business : |
Engaged in the import and distribution of medical
products, surgical instruments and laboratory equipment. |
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No. of Employees : |
42 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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|
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
UNITED ARAB
EMIRATES - ECONOMIC OVERVIEW
The UAE has an open economy
with a high per capita income and a sizable annual trade surplus. Successful
efforts at economic diversification have reduced the portion of GDP based on
oil and gas output to 25%. Since the discovery of oil in the UAE more than 30
years ago, the country has undergone a profound transformation from an
impoverished region of small desert principalities to a modern state with a
high standard of living. The government has increased spending on job creation
and infrastructure expansion and is opening up utilities to greater private
sector involvement. In April 2004, the UAE signed a Trade and Investment
Framework Agreement with
|
Source
: CIA |
Company Name : TERUMO CORPORATION
Country of Origin :
Legal Form :
Branch of a Foreign Registered Corporation
Registration Date : 12th June 1993
Commercial
Registration Number : 40965,
Trade Licence
Number : 231172
Chamber Membership
Number : 27367
Issued Capital : UAE Dh
250,000
Paid up Capital : UAE Dh
250,000
Total Workforce : 42
Activities :
Distributors of medical products, surgical instruments and laboratory
equipment.
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed :
Siva Subramanian, Finance Manager
TERUMO CORPORATION
Building : Al
Street :
Area : Al Rigga Area, Deira
PO Box : 20291
Town :
Country :
Telephone : (971-4) 2212220
Facsimile : (971-4) 2213330
Email : administrator@terumo-dubai.co.ae
/ toshiyuki_tsubouchi@terumo.co.jp
/ siva@terumo.db.ae
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Dubai.
Name Position
·
Yousef
Al Kamlichi General Manager
·
Siva
Subramanian Finance
Manager
·
Christina
Rozales Marketing
Manager
·
Toshiyuki
Tsubouochi Administration
Manager
Date of Establishment : 12th
June 1993
Legal Form :
Subject is the United Arab Emirates
registered branch of Terumo Corporation, a Limited
Liability Company incorporated in
Terumo Corporation in the
Registered Corporation
with its registered office located at the following address:
Terumo Corporation
44-1, 2-Chome, Hatagaya
Shibuya-ku
Tel: (81-3) 33748111
A Branch of a Foreign
Registered Corporation is not a legal entity in its own
right. Responsibility for
payments lays in the hands of the company where it is
originally registered.
Under these circumstances, we
strongly advise that any international trade
credit should only be written
under the name of the main company where the
subject holds its registered
office, in this case Japan.
Commercial Reg. No. : 40965, Dubai
Trade Licence No. : 231172
(Expires 07/06/2015)
Chamber Member No. : 27367
Issued Capital : UAE Dh 250,000
Paid up Capital : UAE Dh 250,000
Activities: Engaged in the import and distribution of
medical products, surgical instruments and laboratory equipment.
Subject is responsible for the marketing of Terumo products in Middle East and African countries. TCDB
sells a wide range of quality products such as angiography, interventional cardiology, cardiovascular
surgery, vascular grafts, general hospital products, infusion therapy, injection and diabetes products.
Import
Countries: Europe and
Japan.
Operating Trend: Steady
Subject has a
workforce of 42 employees.
Financial
highlights provided by local sources are given below:
Currency: United
Arab Emirates Dirham (UAE Dh)
Year
Ending 31/12/12: Year
Ending 31/12/13:
Total Sales UAE Dh
51,720,000 UAE Dh
55,000,000
Local sources consider
subject’s financial condition to be Fair.
The above figures
were provided by Mr Siva Subramanian, Finance Manager
·
Standard
Chartered Bank
Khalid Bin Waleed Street
PO Box: 999
Dubai
Tel: (971-4) 2520455
·
Emirates
National Bank of Dubai
Baniyas Street
PO Box: 777
Dubai
Tel: (971-4) 2222241
No complaints
regarding subject’s payments have been reported.
During the course
of this investigation nothing detrimental was uncovered regarding subject’s operating
history or the manner in which payments are fulfilled. As such the company is
considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.45 |
|
|
1 |
Rs.99.45 |
|
Euro |
1 |
Rs.79.46 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
PDT |
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.