MIRA
INFORM REPORT
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Report Date : |
06.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
HAYASHI KASEI CO LTD |
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Registered Office : |
1-2-7 Tenjinmbashi Kitaku Osaka 530-0041 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
February 1958 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturer of Industrial Chemicals |
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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Maximum Credit Limit : |
YEN 256.3 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
NAME & address
HAYASHI KASEI CO
LTD
REGD NAME: Hayashi Kasei KK
MAIN OFFICE: 1-2-7 Tenjinmbashi Kitaku Osaka 530-0041 JAPAN
Tel:
06-6351-3073 Fax: 06-6352-1404
URL: http://www.hayashi-kasei.co.jp
E-Mail address: info@hayashi-kasei.co.jp
ACTIVITIE
Mfg of industrial chemicals
BRANCHES
Tokyo
OVERSEAS
Singapore, China, USA, (--subsidiaries)
FACTORY
Osaka, Wakayama; China
OFFICER(S)
HISATSUGU HAYASHI, PRES
Fujio Minakata, s/mgn dir
Katsumi Okita, mgn dir
Yoshihide Kitagawa, mgn dir
Hirotake Hayashi, mgn dir
Hiroshi Fujimoto, mgn dir
Yen
Amount: In million Yen,
unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 7,284
PAYMENTS REGULAR CAPITAL Yen 50
TREND STEADY WORTH Yen 2,199
STARTED 1958 EPLOYEES 56
COMMENT
MFR SPECIALIZING IN INDUSTRIAL CHEMICALS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 256.3 MILLION, 30 DAYS NORMAL
TERMS
HIGHLIGHTS
The
subject company was established by father of Hisatsugu Hayashi in order to make
most of his experience in the subject line of business. Hisatsugu Hayashi took the pres office in
Jan 1999. Specialized mfr of industrial
chemicals: talc, kaolin, insulation mica, other. Goods are imported.
Clients include major chemical mfrs and food processors.
FINANCIAL INFORMATION
The sales
volume for Dec/2007 fiscal term amounted to Yen 7,234 million, a 12% up from
Yen 6,496 million in the previous term.
Price hikes of materials contributed to the sales growth. The net profit was posted at Yen 64 million,
down from Yen 72 million a year ago.
Rising costs of materials ate into profits.
For
the current term ending Dec 2008 the net profit is projected at Yen 64 million,
on an almost similar turnover, at Yen 7,300 million.
The financial situation is considered FAIR and good for
ORDINARY business engagements. Max credit limit is estimated at Yen 256.3
million, on 30 days normal terms.
REGISTRATION
Date Registered: Feb 1958
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 400,000 shares
Issued: 100,000 shares
Sum: Yen 50 million
Major shareholders (%)
Hisatsugu Hayashi (30), Hirotake
Hayashi (12)
No. of
shareholders: 37
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Manufactures, imports and wholesales
industrial chemicals (65%), talc mfg (30%), other industrial chemicals (5%).
Clients
[Mfrs, wholesalers] Mitsubishi
Corp, Shionogi & Co, Kansai Paint, Sumitomo Chemical Ind, Mitsui Chemical,
Nippon Polychem, Sapporo Beer Breweries, Oji Paper, other.
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers
[Mfrs, wholesalers] Mitsubishi
Corp, Sakai Chemical Ind, Sojitz Corp, BASF, Showa Chemical, other.
Payment
record: Regular
Location:
Business area in Osaka. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References
MUFG (Tenma)
Resona Bank (Minami-Morimachi)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
31/12/2008 |
31/12/2007 |
31/12/2006 |
31/12/2005 |
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Annual
Sales |
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7,300 |
7,284 |
6,496 |
6,209 |
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Recur.
Profit |
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186 |
171 |
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Net
Profit |
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64 |
64 |
72 |
48 |
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Total
Assets |
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4,667 |
4,385 |
4,028 |
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Current
Assets |
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3,866 |
3,648 |
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Current
Liabs |
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2,415 |
2,246 |
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Net
Worth |
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2,199 |
2,139 |
2,083 |
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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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50.00 |
50.00 |
50.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
0.22 |
12.13 |
4.62 |
1.17 |
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Current Ratio |
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.. |
160.08 |
162.42 |
.. |
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N.Worth Ratio |
.. |
47.12 |
48.78 |
51.71 |
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R.Profit/Sales |
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.. |
2.55 |
2.63 |
.. |
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N.Profit/Sales |
0.88 |
0.88 |
1.11 |
0.77 |
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Return On Equity |
.. |
2.91 |
3.37 |
2.30 |
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Notes: 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.46.88 |
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UK Pound |
1 |
Rs.82.97 |
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Euro |
1 |
Rs.64.99 |
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%)