MIRA INFORM REPORT

 

 

Report Date :

22.08.2011

 

IDENTIFICATION DETAILS

 

Name :

MT AQUAPOLYMER INC.

 

 

Registered Office :

5th Floor, JP Building 3-4-4, Nihonbashi Muromachi Chuo Ku Tokyo, 103-0002

 

 

Country :

Japan

 

 

Date of Incorporation :

Not Available

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Manufacture of other chemical products

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

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

 

Top of Form

Bottom of Form

MT Aquapolymer Inc.    

           

 

5th Floor, JP Building

3-4-4, Nihonbashi Muromachi

Chuo Ku

Tokyo, 103-0002

Japan

 

Tel:

81 3 3231-6067

Fax:

81 3 3231-6080

 

www.mtaqua.co.jp

 

Employees:

NA

Company Type:

Private Subsidiary

Corporate Family:

6 Companies

Ultimate Parent:

Toagosei Co., Ltd.

 

 

Financials in:

USD (mil)

 

 

Reporting Currency:

US Dollar

Annual Sales:

0.1

Total Assets:

NA

 

Business Description       

 

All Other Chemical Product and Preparation Manufacturing

 

Industry

             

 

Industry

Chemical Manufacturing

ANZSIC 2006:

1899 - Other Basic Chemical Product Manufacturing Not Elsewhere Classified

NACE 2002:

246 - Manufacture of other chemical products

NAICS 2002:

32599 - All Other Chemical Product and Preparation Manufacturing

UK SIC 2003:

246 - Manufacture of other chemical products

US SIC 1987:

2899 - Chemicals and Chemical Preparations, Not Elsewhere Classified

 

Key Executives

 

 

Name

Title

Hisanori Abe

President

1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1

2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1

 


Corporate Overview

 

Location
5th Floor, JP Building
3-4-4, Nihonbashi Muromachi
Chuo Ku
Tokyo, 103-0002
Japan

 

Tel:

81 3 3231-6067

Fax:

81 3 3231-6080

 

www.mtaqua.co.jp

Sales USD(mil):

0.1

Assets USD(mil):

NA

Employees:

NA

 

KeyIDSM:

97187828

Industry:

Chemical Manufacturing

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

 

President:

Hisanori Abe

Contents

·         Industry Codes

·         Business Description

·         Financial Data

Industry Codes

 

ANZSIC 2006 Codes:

1899

-

Other Basic Chemical Product Manufacturing Not Elsewhere Classified

 

NACE 2002 Codes:

246

-

Manufacture of other chemical products

 

NAICS 2002 Codes:

32599

-

All Other Chemical Product and Preparation Manufacturing

 

US SIC 1987:

2899

-

Chemicals and Chemical Preparations, Not Elsewhere Classified

 

UK SIC 2003:

246

-

Manufacture of other chemical products

 

Business Description

All Other Chemical Product and Preparation Manufacturing

 

 

 

 

 

 

Financial Data

Financials in:

USD(mil)

 

Revenue:

0.1

1 Year Growth

NA

 

 

 

 


Corporate Structure News

 

Toagosei Co., Ltd.
MT Aquapolymer Inc.

MT Aquapolymer Inc.
Total Corporate Family Members: 6

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Toagosei Co., Ltd.

Parent

Minato-ku

Japan

Chemical Manufacturing

1,751.7

2,522

Aronkasei Co Ltd

Subsidiary

Tokyo

Japan

Fabricated Plastic and Rubber

319.4

585

Toagosei Hong Kong Ltd

Subsidiary

Kowloon, Kowloon

Hong Kong

Miscellaneous Capital Goods

 

100

Aron Ever-Grip Ltd

Subsidiary

Minato-ku, Tokyo

Japan

Chemical Manufacturing

 

90

Tsurumi Soda Company Limited

Subsidiary

Yokohama

Japan

Chemical Manufacturing

154.7

 

MT Aquapolymer Inc.

Subsidiary

Tokyo

Japan

Chemical Manufacturing

0.1

 

 

 

 

 

Executives Report

 

 

Executives

 

Name

Title

Function

Hisanori Abe

 

President

President

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.45.61

UK Pound

1

Rs.75.32

Euro

1

Rs.65.68

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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