MIRA INFORM REPORT

 

 

Report No. :

345825

Report Date :

19.10.2015

 

IDENTIFICATION DETAILS

 

Name :

TOKAI INSTITUTE OF MATERIA MEDICA CO LTD

 

 

Registered Office :

314 Ohnaka-Shinden Kuwana City Mie-Pref 511-0947

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2015

 

 

Date of Incorporation :

April 2001

 

 

Com. Reg. No.:

1900-02-018274 (Mie-Kuwana)

 

 

Legal Form :

Private Limited Company (Yugen Gaisha)

 

 

Line of Business :

Imports, exports and wholesales herbs, herb teas, foodstuffs, clothing, other (--100%)

 

 

No. of Employee :

1

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small company

 

 

Payment Behaviour :

Slow but correct

 

 

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

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

COMPANY NAME AND ADDRESS

 

TOKAI INSTITUTE OF MATERIA MEDICA CO LTD

 

REGD NAME:                YK Tokai Yakuso Kenkyusho

MAIN OFFICE:              314 Ohnaka-Shinden Kuwana City Mie-Pref 511-0947 JAPAN

                                                Tel: 0594-33-1500      Fax: 0594-31-9811

 

URL:                             N/A

 

 

ACTIVITIES

 

Import, export, wholesale of herbs, herb teas, foodstuffs, other

 

 

BRANCHES

 

Nil

 

 

OVERSEAS

 

China, S/E Asia, other (--Business partners)

 

 

OFFICERS

 

MEGUMI TANAKA, PRES

                       

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES                    R/WEAK                       A/SALES          Yen 150 M

PAYMENTS      Slow but Correct            CAPITAL           Yen 3 M

TREND             UP                                WORTH            Yen 31 M        

STARTED                     2001                             EMPLOYES      1

 

 

COMMENT

 

TRADING FIRM SPECIALIZING IN HERBS, HERB TEAS, OTHER.

FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS GAGEMENTS.

 

 

HIGHLIGHTS

           

The subject company a family-operated one-man trading firm for import, export and wholesale of herbs, herb teas, foodstuffs, clothing, other.  Goods are imported and exported to China and S/E Asian countries.  Clients include medical stores, other.

 

 

FINANCIAL INFORMATION

           

Financials are disclosed only partially.  Profits are not disclosed and only estimated.

 

The sales volume for Mar/2015 fiscal term amounted to Yen 150 million, a 15% up from

Yen 130 million in the previous term.  The net profit is estimated posted at Yen 3 million, compared with Yen 2 million a year ago.

 

For the current term ending Mar 2016 the net profit is projected at Yen 5 million, on a 7% rise in turnover, to Yen 160 million.

 

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.

 

 

REGISTRATION

    

Date Registered:          Apr 2001

Regd No.:                                 1900-02-018274 (Mie-Kuwana)

Legal Status:               Private Limited Company (Yugen Gaisha)

Regd Sum:                   Yen 3 million

Major shareholders (%):           Megumi Tanaka & families (--100)

 

No. of shareholders: 5

 

Nothing detrimental is known as to her commercial morality.

 

 

OPERATION

           

Activities: Imports, exports and wholesales herbs, herb teas, foodstuffs, clothing, other (--100%)

 

Clients: Drug stores, super markets, other 

No. of accounts: 200

Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] China, S/E Asian countries (--100%)

 

Payment record: Slow but Correct

 

Location: Business area in Kuwana City, Mie-Pref.  Office premises at the caption address are owned by Megumi Tanaka as her private residence and maintained satisfactory.

 

Bank References:

MUFG (Kuwana)

Relations: Satisfactory

 

 

FINANCES

 

(In Million Yen)

Terms Ending:

　

31/03/2016

31/03/2015

31/03/2014

31/03/2013

Annual Sales

　

160

150

130

105

Recur. Profit

　

..

..

..

..

Net Profit

　

5

3

2

1

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

31

28

26

Capital, Paid-Up

　

　

3

3

3

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

　

(%)

(%)

(%)

(%)

    S.Growth Rate

　

6.67

15.38

23.81

0.00

    Current Ratio

　

　

..

..

..

    N.Worth Ratio

　

　

..

..

..

    N.Profit/Sales

　

3.13

2.00

1.54

0.95

 

Notes: Financials are only partially disclosed.  Profits are not disclosed and only estimated

 

Forecast (or estimated) figures for the 31/03/2016 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.64.97

UK Pound

1

Rs.100.54

Euro

1

Rs.73.99

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAS

 

 

Report Prepared by :

ANK

 

 

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

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

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

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%)

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.