MIRA INFORM REPORT

 

 

Report Date :

25.02.2011

 

IDENTIFICATION DETAILS

 

Name :

BYK CHEMIE JAPAN KK

 

 

Registered Office :

3-29 Motomuracho Shinjukuku Tokyo 162-0845

 

 

Country :

Japan

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

December, 1984

 

 

Com. Reg. No.:

(Tokyo-Shinjukuku) 055378

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, Wholesale of Pigments, Coating/Plastic Additives

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

Yen 89.4 Million

 

 

Status :

Small Company

 

 

Payment Behaviour :

Regular

 

 

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 – June 30, 2010

 

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

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

 

BYK CHEMIE JAPAN KK

 

 

REGD NAME

           

Bick Chemie Japan KK

 

 

MAIN OFFICE

           

3-29 Motomuracho Shinjukuku Tokyo 162-0845 JAPAN

Tel: 03-6457-5501    

Fax: 03-6457-5502

 

*.. The is its Nagoya Branch

 

URL:                 http//:www.byk.com/jp

E-mail:              info@byk.com/jp           

 

 

ACTIVITIES  

 

Import, wholesale of pigments, coating/plastic additives

 

 

BRANCHES   

 

Nagoya, Osaka

 

 

OFFICER(S)

 

MASARU FUKUDA, PRES

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES        FAIR                 A/SALES          Yen 5,000 M

PAYMENTS      REGULAR         CAPITAL           Yen 50 M

TREND             SLOW              WORTH                        Yen 225 M

STARTED         1984                 EMPLOYES                  42

 

 

COMMENT    

 

TRADING FIRM SPECIALIZING IN IMPORT OF COATING INGREDIENTS, WHOLLY OWNED BY BYK-CHEMIE GMBH, GERMANY. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS

 

MAX CREDIT LIMIT: YEN 89.4 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by BYK-Chemie GmbH, Germany, as its marketing arm in Japan.  This is a trading firm specializing in import of pigments, coating/plastic additives & ingredients, other.  Products are wholly supplied by the German parent and its group firms.  Clients include major chemical traders, mfrs, other, nationwide.

 

 

FINANCIAL INFORMATION

 

Financials are consolidated by the German parent and only partially disclosed.

 

The sales volume for Dec/2009 fiscal term amounted to Yen 5,000 million, a 9% down from Yen 5,500 million in the previous term.  Global economic downturn should have affected but no further detailed information is made open.  The net profit is believed posted at Yen 10 million, similarly in the previous term.  Profits are not disclosed in precise figures.  .

 

For the term that ended Dec 2010 the net profit was projected at Yen10 million, on a 2% rise in turnover, to Yen 5,100 million.  Final figures are not released as yet. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 89.4 million, on 30 days normal terms. 

 

 

REGISTRATION

 

Date Registered:            Dec 1984

Regd No.:                      (Tokyo-Shinjukuku) 055378

Legal Status:     　         Limited Company (Kabushiki Kaisha)

Authorized:        　         100,000 shares

Issued:              　         100,000 shares

Sum:                　         Yen 50 million

Major shareholders (%): BYK-Chemie GmbH, Germany (100)

           

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

 

Activities: Imports and wholesales pigments, coating/plastic ingredients & additives, other (--100%).

 

Clients: [Mfrs, wholesalers] Nagase Corp, CBC, Tetsutani Co, Nippon Tsusan Co, NOF Metal Coating, other

No. of accounts: 300

Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] BYK-Chemie GmbH, BYK-Cera BV, Eckart GmbH & Co, other

 

Payment record: Regular

 

Location: Business area in Tokyo.  Office premises at the caption address are leased and maintained satisfactorily.           

 

Bank References:

SMBC (Mitadori)

Mizuho Bank (Shiba)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/12/2010

31/12/2009

31/12/2008

31/12/2007

Annual Sales

　

5,100

5,000

5,500

5,410

Recur. Profit

　

　

　

　

　

Net Profit

　

10

10

10

10

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

225

215

205

Capital, Paid-Up

　

　

50

50

50

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.00

-9.09

1.66

-0.73

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

0.20

0.20

0.18

0.18

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/12/2010 fiscal term. 

 

           

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.37

UK Pound

1

Rs.73.54

Euro

1

Rs.62.39

 

 

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.