MIRA
INFORM REPORT
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Report Date : |
07.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
SENSIENT TECHNOLOGIES CORP |
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Registered Office : |
Sunshine 6 Bldg, 2-29-12 Shiba Minatoku Tokyo 105-0014 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
March 1990 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Wholesale of Flavors, Fragrances, Seasonings, Food
Ingredients |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
YEN 20.1 Million |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
name & address
SENSIENT
TECHNOLOGIES CORP (JAPAN)
REGD NAME: Sensient Technologies Japan KK
MAIN OFFICE: Sunshine 6 Bldg, 2-29-12 Shiba Minatoku Tokyo
105-0014 JAPAN
Tel:
03-6400-3270 Fax: 03-6400-3271
URL: http://www.sensientasia.com/
E-Mail address:Tokyo@sensientasia.com
ACTIVITIES
Import, wholesale of flavors, fragrances, seasonings, food
ingredients
BRANCHES
Osaka
FACTORIES
Ibaraki (laboratory)
OFFICERS
HIROFUMI ODAMURA, PRES
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,100 M
PAYMENTS REGULAR CAPITAL Yen 50 M
TREND SLOW WORTH Yen 218 M
STARTED 1990 EMPLOYES 23
COMMENT
IMPORTER
AND WHOLESALER SPECIALIZING IN FLAVOR & FRAGRANCES, OWNED BY SENSIENT
TECHNOLOGIES INC, USA.
FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN
20.1 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established as Japan Branch by Sensient Technologies Inc, USA for marketing its products in Japan. Originally named as Universal Foods Japan Corp, located in Osaka and later moved the Headquarters to Tokyo and renamed as captioned. The firm imports and wholesales entire range of sensient products: flavors & fragrances, seasonings, ice cream ingredients, dehydrated vegetables, natural & synthetic colors for foods, pharmaceuticals, cosmetics, hair-coloring, inkjet, etc. Goods are wholly supplied by the US principal and group firms. Clients are pharmaceuticals, cosmetics, liquors, food processors, etc.
FINANCIAL INFORMATION
The sales volume for Dec/2007 fiscal term amounted to Yen 1,100 million, a 5% up from Yen 1,050 million in the previous term. The operations dipped into the red to post Yen 60 million net losses for the term. This is referred to the inventory adjustment, according to the firm.
For the current term ending Dec 2008 the operations are projected to come back to profitability to post Yen 30 million net profits, on a 5% rise in turnover, to Yen 1,150 million.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 20.1 million, on 30 days normal terms
REGISTRATION
Date Registered: Mar 1990
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 1,000 shares
Issued: 1,000 shares
Sum: Yen 50 million
Major shareholders (%)
Sensient Technologies Corp, USA (--100%)
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales entire range of sensient products, such as flavors & fragrances, seasonings, ice cream ingredients, dehydrated vegetables, natural & synthetic colors for foods, pharmaceuticals, cosmetics, hair coloring, inkjet, etc (--100%).
Goods are wholly supplied by the US parent and group firms.
Clients
[Fragrance, cosmetics, pharmaceutical mfrs] Hasegawa International, Suntory Ltd, Morinaga & Co, Kanebo Ltd, Shiseido Co, Takasago Int’l Corp, other.
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers
[Mfrs] Imports wholly from Sensient Technologies Corp, USA and group firms.
Payment record
Regular
Location
Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References
MUFG (Namba)
NBN Amro Bank (Tokyo)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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31/12/2008 |
31/12/2007 |
31/12/2006 |
31/12/2005 |
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Annual
Sales |
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1,150 |
1,100 |
1,050 |
1,003 |
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Recur.
Profit |
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Net
Profit |
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30 |
-60 |
45 |
45 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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213 |
273 |
228 |
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Capital,
Paid-Up |
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50 |
50 |
50 |
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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 |
4.55 |
4.76 |
4.69 |
0.20 |
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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 |
2.61 |
-5.45 |
4.29 |
4.49 |
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Notes: Financials are not disclosed only except the above
partial figures.
Forecast (or estimated) figures for the 31/12/2008 fiscal
term
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.37 |
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UK Pound |
1 |
Rs.85.51 |
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Euro |
1 |
Rs.68.08 |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)