MIRA INFORM REPORT

 

 

Report Date :           

20.06.2011

 

IDENTIFICATION DETAILS

 

Name :

SENSIENT TECHNOLOGIES JAPAN CORP 

 

 

Registered Office :

Toho Tokyo Shiba Bldg 2F, 2-29-12 Shiba Minatoku Tokyo 105-0014

 

 

Country :

Japan

 

 

Date of Incorporation :

March 1990

 

 

Com. Reg. No.:

(Tokyo-Minatoku) 050761　

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer of flavors, fragrances, colors

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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

 

 Bottom of Form

SENSIENT TECHNOLOGIES JAPAN CORP

 

 

REGD NAME 

 

Sensient Technologies Japan KK

 

MAIN OFFICE

 

Toho Tokyo Shiba Bldg 2F, 2-29-12 Shiba Minatoku Tokyo 105-0014 JAPAN

Tel: 03-6400-3270     Fax: 03-6400-3271

 

URL:                 http//:www.sensient-tech.com (of the US parent)  

 

 

ACTIVITIES  

 

Mfg of flavors, fragrances, colors

 

 

BRANCHES   

 

Nil

 

 

FACTORY

 

Hitachi (Ibaraki)

 

 

OFFICER(S)  

 

NOBUAKI HOSOI, PRES

Robert J Wilkins, rep dir (pres of Sensient Asia Pacific)

Stephen J Rolf, dir (v pres at the US parent)

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY    

 

FINANCES                    UNDETD           A/SALES          Yen 1,253 M*

PAYMENTS                  REGULAR         CAPITAL           Yen 50 M

TREND             UNDETD           WORTH            Yen 80 M**

STARTED                     1990                 EMPLOYES      30

                        * Of the Dec/2008 proven figures; ** Estimated figures only & unconfirmed

 

 

COMMENT

 

MFR OF FLAVORS/FRAGRANCES/COLORS, WHOLLY OWNED BY SENSIENT TECHNOLOGIES CORP, USA 

 

FINANCIAL SITUATION UNDETERMINED DUE TO THE LACK OF PROVEN BUSINESS BUT SHOULD BE GOOD FOR ORDINARY BUSINES SENGAGEMENTS.

 

MAX CREDIT LIMIT: UNABLE TO BE ASSESSED DUE TO THE LACK OF PROVEN BUSINESS RECORDS. 

 

 

HIGHLIGHTS

 

The subject company was established by Sensient Technologies Corp, USA, as its marketing base in Japan, originally as Universal Foods Japan Corp.  This is a specialized mfr of flavors, fragrances, colors, etc for food & beverages, pharmaceuticals, other.  The mfg factory is located at Hitachi Ltd factory in Hitachi (Ibaraki-Pref), and reportedly damaged by the recent North East Earthquake and tsunami.  Extent of the damage unconfirmed.  Clients include major food processors, beverage mfrs, other, nationwide.

 

 

FINANCIAL INFORMATION

 

Financials are all consolidated by the parent and not disclosed.  The firm declined to disclose any of its financials, saying that they are controlled by the parent and have no authority to disclose by its own.

 

The only figures disclosed are for the Dec/2008 fiscal term, when the firm reported sales at Yen 1,253 million, a 6% up from Yen 1,185 million in the preceding period.   Total assets reported at Yen 1,525 million for Dec/2008.  No other figures have been disclosed.   Reportedly, sales of Sensient Asia Pacific Group account for 10% of the US total group sales.

           

Both the financial situation and business trends are not determined due to the lack of proven business records but should be good for ORDINARY business engagements based on the financials strength of the parent.  Max credit limit is unable to be assessed due to the same reason.  One credit rating company rates the firm as “G” (the bottom rate from A to G), rating that in view of lack of assessment data, no financials, etc.  Fuller investigation is recommended.

 

 

REGISTRATION

 

Date Registered:  Mar 1990

Regd No.:           (Tokyo-Minatoku) 050761

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: Manufactures flavors, colors, fragrances, other (--100%)

 

(Product lines):

 

Flavors: beverage, dairy, savory, bakery, snacks, confectionery & other sweet flavors;

 

Colors: synthetic & natural food colors, cosmetic colors, pharmaceutical colors & coatings;

 

Fragrances: aroma chemicals, essential oils, personal & home care fragrances.

 

Clients: [Food processors, confectionery makers, cosmetics mfrs] Hasegawa Co, Suntory Ltd, Coca-Cola Japan, Lotte Holdings, San-Ei Gen FFI Inc, Sapporo Beverage, Takasago International Corp, UHA Mikakuto, other

No. of accounts: 500

 

Domestic areas of activities: Nationwide

 

Suppliers: [Mfr] Supplied wholly from Sensient Technologies Corp (USA)

 

Payment record: Regular

 

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

 

Bank References:

MUFG (Namba)

SMBC (Osaka)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

NOT DISCLOSED

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.93

UK Pound

1

Rs.72.43

Euro

1

Rs.63.62

 

 

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%)

 

 

 

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