MIRA INFORM REPORT
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Report Date : |
18.04.2011 |
IDENTIFICATION DETAILS
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Name : |
DU PONT
KABUSHIKI KAISHA |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
June 1993 |
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Com. Reg. No.: |
(Tokyo-Chiyodaku)
097831 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer,
import, export of Du Pont products |
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 6,503.8 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
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, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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 |
Name
and address
DU PONT KABUSHIKI KAISHA
REGD NAME: Du
Pont KK
MAIN OFFICE:
Tel:
03-5521-8500
URL: http//:www2.dupont.com
E-mail: (thru the URL)
ACTIVITIES
Mfg, import,
export of Du Pont products
BRANCHES
FACTORIES
OFFICER(S)
Carl J Lukach, ch MINORU AMOU, PRES
Akihiko Seto, v
pres Katsunori Hashimoto,
dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 124,333 M
PAYMENTS REGULAR CAPITAL Yen 21,000 M
TREND STEADY WORTH Yen
118,434 M
STARTED 1993 EMPLOYES 791
COMMENT
MFR OF DU PONT
PRODUCTS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS
MAX CREDIT LIMIT:
YEN 6,503.8 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established originally in 1961 as Du Pont Japan Office
and in 1993 merged three sister firms and renamed as captioned. This is a trading firm, with mfg division,
for import, export and wholesale of Du Pont products (See OPERATION). Clients include
major automakers, textile mfrs, home electric appliance makers, other,
nationwide.
FINANCIAL
INFORMATION
The sales volume for Dec/2010 fiscal term amounted to Yen 124,333
million, a 24% up from Yen 99,977 million in the previous term. Demand from car makers grew, says the
firm. The recurring profit was posted at
Yen 6,119 million and the net profit at Yen 5,592 million, respectively,
compared with Yen 4,418 million recurring profit and Yen 2,969 million net
profit, respectively, a year ago. .
For the current term ending Dec 2011 the recurring profit is projected
at Yen 6,200 million and the net profit at Yen 5,800 million, respectively, on
a 5% rise in turnover, to Yen 130,000 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 6,503.8 million, on 30 days normal terms.
REGISTRATION
Date Registered: Jun
1993
Regd No.:
(Tokyo-Chiyodaku) 097831
Legal Status: Limited Company
(Kabushiki Kaisha)
Authorized: 420,000 shares
Issued: 420,000 shares
Sum: Yen 21,000 million
Major shareholders (%): Du Pont Asia
Pacific Ltd (100)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures, imports,
exports and wholesales Du Pont products (--100%).
(Items
handled):consumer products, additives & modifiers, adhesive & binders,
building & construction materials, chemicals, consultative products &
services, crop seeds & inoculants, crop, plant & professional products,
display materials, electronic & electric materials, other.
Clients: Auto makers,
textile/apparel makers, home electric appliances makers, other
No. of accounts:
1,000
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs]
Payment record: Regular
Location: Business area in
Bank References:
Mizuho Corporate
Bank (H/O)
Mizuho Bank
(Marunouchi-Chuo)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
31/12/2008 |
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Annual
Sales |
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130,000 |
124,333 |
99,977 |
129,124 |
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Recur.
Profit |
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6,200 |
6,119 |
4,418 |
12,180 |
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Net
Profit |
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5,800 |
5,592 |
2,969 |
6,182 |
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Total
Assets |
|
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163,581 |
165,093 |
158,098 |
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Current
Assets |
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51,660 |
78,982 |
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Current
Liabs |
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39,057 |
39,724 |
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Net
Worth |
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118,434 |
121,047 |
118,079 |
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Capital,
Paid-Up |
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21,000 |
21,000 |
21,000 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.56 |
24.36 |
-22.57 |
6.78 |
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Current Ratio |
|
.. |
132.27 |
198.83 |
.. |
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N.Worth Ratio |
.. |
72.40 |
73.32 |
74.69 |
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R.Profit/Sales |
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4.77 |
4.92 |
4.42 |
9.43 |
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N.Profit/Sales |
4.46 |
4.50 |
2.97 |
4.79 |
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Return On Equity |
.. |
4.72 |
2.45 |
5.24 |
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Notes: Forecast (or
estimated) figures for the 31/12/2011 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.52 |
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|
1 |
Rs.72.72 |
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Euro |
1 |
Rs.64.41 |
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.