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Report No. : |
306866 |
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Report Date : |
09.02.2015 |
IDENTIFICATION DETAILS
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Name : |
ARKRAY INC |
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Registered Office : |
604--8153 |
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Country : |
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Date of Incorporation : |
Sept., 1967 |
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Com. Reg. No.: |
1300-01-009892 (Kyoto-Nakagyoku) |
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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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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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. 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 |
In absence of financials, no credit limit could be
recommended.
ARKRAY INC
REGD NAME: Arkray
KK
MAIN OFFICE:
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
PAYMENTSREGULAR CAPITAL Yen 99 M
TREND UNDETD WORTH Yen NOT DISCLOSED
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 products, other.
Financials are not disclosed. The only financials disclosed are old for
Oct/2007 fiscal term, wherein the firm said: sales Yen 37,420 million, net
profit Yen 782 million, total assets Yen 36,800 million, net worth Yen 30,904
million.
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: 792,000
shares
Issued: 198,000
shares
Sum: Yen
99 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.61.74 |
|
|
1 |
Rs.94.65 |
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Euro |
1 |
Rs.70.79 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIT |
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.