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Report No. : |
355477 |
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Report Date : |
16.12.2015 |
IDENTIFICATION DETAILS
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Name : |
ERBIS
ENGINEERING CO LTD |
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Registered Office : |
Kamiyacho Plaza Bldg 6F, 4-1-14 Toranomon Minatoku Tokyo 105-0001 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
July 1978 |
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Com. Reg. No.: |
0104-01-005623 |
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Legal Form : |
Limited Company |
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Line of Business : |
Exports medical equipment as agent for Toshiba Medical systems: cardio-vascular systems, fluoroscopy, radiography, mammography, mobile C-Arm, mobile X-ray unit, health-care goods, other (70%), AV equipment (10), electronics parts & components (10%), others (10%). (Breakdown % is all about) |
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No. of Employees : |
9 |
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 : |
Small Company |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 an 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. Scarce in many natural resources,
Japan has long been dependent on imported raw materials. Since the complete
shutdown of Japan’s nuclear reactors after the earthquake and tsunami disaster
in 2011, Japan's industrial sector has become even more dependent than it was
previously on imported fossil 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
impressive - 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 aftereffects 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 four times
since 2008. 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 of that year disrupted
manufacturing. The economy has largely recovered in the four years since the
disaster, although reconstruction in the affected Tohoku region has lagged, in
part due to a shortage of labor in the construction sector. Japan enjoyed a
sharp uptick in growth in 2013 on the basis of Prime Minister Shinzo Abe’s
“Three Arrows” economic revitalization agenda - dubbed “Abenomics” - of
monetary easing, “flexible” fiscal policy, and structural reform. Abe’s
government has replaced the preceding administration’s plan to phase out nuclear
power with a new policy of seeking to restart nuclear power plants that meet
strict new safety standards, and emphasizing nuclear energy’s importance as a
base-load electricity source. Japan joined the Trans-Pacific Partnership (TPP)
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 2014 stood as the fourth-largest economy in the
world after first-place China, which surpassed Japan in 2001, and third-place
India, which edged out Japan in 2012. While seeking to stimulate and reform the
economy, the government must also devise a strategy for reining in Japan's huge
government debt, which amounts to more than 230% of GDP. To help raise
government revenue, Japan adopted legislation in 2012 to gradually raise the
consumption tax rate to 10% by 2015, beginning with a hike from 5% to 8%
implemented in April 2014. That increase had a contractionary effect on GDP,
however, so PM Abe in late 2014 decided to postpone the final phase of the
increase until April 2017 to give the economy more time to recover. Led by the
Bank of Japan’s aggressive monetary easing, Japan is making progress in ending
deflation, but demographics - low birthrate and an aging, shrinking population
- pose major long-term challenges for the economy.
|
Source
: CIA |
ERBIS ENGINEERING CO LTD
REGD NAME: Erbis
Engineering KK
MAIN OFFICE: Kamiyacho
Plaza Bldg 6F, 4-1-14 Toranomon Minatoku Tokyo 105-0001 JAPAN
Tel: 03-3436-0311
Fax: 03-3436-0312
URL: http://www.erbis.co.jp/
E-mail: sales@erbis.co.jp
ACTIVITIES: Export
of medical instruments/equipment, AV equipment, electronics parts
BRANCHES: Nagano,
Osaka, Nagoya, Fukuoka, other (Tot 27)
OVERSEAS: India
(4), Bangladesh, Nepal, Singapore (--subsidiaries)
OFFICER(S): KATSUSHI
SOTOMATSU, PRES
Norio Tajima, mgn
dir
Nobuaki Sotomatsu,
mgn dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 1,900 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 10 M
TREND STEADY WORTH Yen 598 M
STARTED 1978 EMPLOYES 9
COMMENT: EXPORTER OF MEDICAL EQUIPMENT, AS AGENT FOR TOSHIBA MEDICAL SYSTEMS FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
The subject company was established by Katsushi Sotomatsu in order to make most of his experience in the subject line of business, on obtaining agency exporting business agreement from Toshiba Medical Systems. This is a trading firm specializing in medical equipment: cardio-vascular systems, fluoroscopy, radiography, mobile X-ray unit, other. 70% of the goods are wholly supplied from Toshiba Medical Systems. Has four overseas subsidiaries: India (4), Bangladesh, Nepal and Singapore. Indian Subsidiary operates 13 branches, 11 sales & service offices, with a total 160 employees.
Financials are only partially disclosed.
The sales volume for Dec/2014 fiscal term amounted to Yen 1,900 million, a similar amount in the previous term. The net profit is reported posted at Yen 10 million, similarly in the previous term.
For the current term ending Dec 2015 the net profit is projected at Yen 12 million, on a 3% rise in turnover, to Yen 1,960 million
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Jul 1978
Regd No.:
0104-01-005623
(Tokyo-Minatoku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 80,000
shares
Issued:
20,000 shares
Sum: Yen
10 million
Major shareholders (%): Katsushi
Sotomatsu (55), Masako Sotomatsu (25)
No.
of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Exports medical equipment as agent for Toshiba Medical systems: cardio-vascular systems, fluoroscopy, radiography, mammography, mobile C-Arm, mobile X-ray unit, health-care goods, other (70%), AV equipment (10), electronics parts & components (10%), others (10%). (Breakdown % is all about)
Clients: [Hospitals, wholesalers] Apollo Hospitals, Billroth Hospitals, Bombay Hospital, Care Hospitals, Christian Medical College, Columbia Asia, Fortis Healthcare, Lilavati Hospital & Research Center, Wockhardt Hospital, other
No. of accounts: Unavailable
Domestic areas of activities: Nationwide
Suppliers [Mfrs, wholesalers] Toshiba Medical Systems (70%), Fuji Film, Konica Minolta MG, Clarion, Alps Electric, Toray Medical, IHI Shibaura, Hitachi Ltd, Kawatake Electronics, Vital Images Inc, Fuji Film, other
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Mizuho Bank
(Kamiyacho)
Shoko Chukin Bank
(Tokyo)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
|
31/12/2015 |
31/12/2014 |
31/12/2013 |
31/12/2012 |
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Annual
Sales |
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1,960 |
1,900 |
1,900 |
1,253 |
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Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
12 |
10 |
10 |
7 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
|
|
598 |
588 |
578 |
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Capital,
Paid-Up |
|
|
10 |
10 |
10 |
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Div.P.Share(¥) |
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|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
|
3.16 |
0.00 |
51.64 |
-36.91 |
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Current Ratio |
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|
.. |
.. |
.. |
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N.Worth Ratio |
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|
.. |
.. |
.. |
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N.Profit/Sales |
|
0.61 |
0.53 |
0.53 |
0.56 |
Notes:
Financials are only partially disclosed.
Forecast (or
estimated) figures for the 31/12/2015 fiscal term
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.67.04 |
|
|
1 |
Rs.101.67 |
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Euro |
1 |
Rs.73.93 |
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YEN |
1 |
Rs.0.55 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
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Report Prepared
by : |
TPT |
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.