MIRA
INFORM REPORT
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Report Date : |
02.05.2011 |
IDENTIFICATION DETAILS
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Name : |
BASF POZZOLITH LTD |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
November, 1960 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufactures Chemical Admixtures For Concrete &
Construction Materials. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Yen 242.6 Million |
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Status : |
Moderate |
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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 |
Company name
BASF POZZOLITH LTD
REGD NAME: BASF
Pozzolith KK
MAIN OFFICE
Tel: 03-3796-9710
Fax: 03-3795-9980
URL: http://www.basf-cc.co.jp/
E-Mail
address: bes-polymers@basf.com
ACTIVITIES
Mfg of
chemical admixtures for concrete, construction materials
BRANCHES
Chigasaki,
FACTORIES
Chigasaki (Kanagawa)
OFFICER(S)
KOZO
KUBOTA, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 18,500 M
PAYMENTS REGULAR CAPITAL Yen 495 M
TREND SLOW WORTH Yen
3,961 M
STARTED 1960 EMPLOYES 100
COMMENT
MFR OF
CHEMICAL ADMIXTURES FOR CONCRETE & CONSTRUCTION
MATERIALS,
WHOLLY OWNED BY BASF JAPAN LTD.
FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS
ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 242.6 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The
subject company was established originally in 1960 and later in Apr 2007
reorganized on the basis of a merger of three group firms: NMB Co Ltd, Pozzolith Bussan Co Ltd and BASF Construction System, with
NMB Co Ltd as a surviving entity. This
was formed in order to streamline group operations. The firm is wholly owned by BASF Japan Ltd
(See REGISTRATION). In Sept 2010 the former Mark Volmer handed over his position to Kozo Kubota. This is a specialized mfr of chemical
admixtures for concrete and construction materials (See OPERATION). Tops in domestic
market share in the specific products.
In Oct 2009, conducted a drastic restructuring: cut branch offices to 14
(now 16) from 32, employees to 110 (now 100) from 353.
FINANCIAL INFORMATION
The
sales volume for Dec/2010 fiscal term amounted to Yen 18,500 million, a 3% down
from Yen 18,989 million in the previous term.
The construction market was severely affected by the global economic
downturn. Orders were sluggish. The operations continued in the red to post
Yen 500 million net losses, compared with Yen 1,465 million net losses a year
ago. Financials are only partially
disclosed for this term. The net worth
is estimated.
For the current term ending Dec 2011 the operations are
expected to come back to profitability to post Yen 300 million net profit, on a
5% rise in turnover, to Yen 19,500 million.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 242.6 million, on 30 days normal terms.
REGISTRATION
Date Registered: Nov 1960
Regd No.: (Tokyo-Minatoku)
004556
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
99,000 shares
Issued:
99,000 shares
Sum: Yen 495 million
Major shareholders (%): BASF
Japan Ltd*(100)
* Mfr of industrial chemicals, core
of BASF (
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures chemical admixtures for
concrete & construction materials: admixture for ready mix concrete,
admixture of precast concrete, systems for civil
tunneling, admixtures for special application methods & purposes, grouting
products, concrete repair & protection systems, waterproofing systems,
industrial & commercial flooring systems, engineered expansion joint
systems, others (--100%).
Clients: [Mfrs, governments, wholesalers]
Ministry of Land, Infrastructure & Transport, Taiheiyo Cement, Asano
Concrete, Taiheiyo Materials, Shimizu Corp, Taisei Corp, Kajima Corp, Penta Ocean Construction, Mitsubishi Heavy Ind, NTT group firms, Tokyo Metro, Hanshin Highway Corp,
other.
No. of
accounts: 800
Domestic
areas of activities: Nationwide
Suppliers:
[Mfrs, wholesalers] Showa Denko, Georgia Pacific, BASF AG, Nippon Paper, Nip
pon Soda Co, Mitsui & Co, other.
Payment record:
Regular
Location:
Business area in
Bank References:
Mizuho
Corporate Bank (H/O)
MUFG (Roppongi)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
31/12/2007 |
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Annual
Sales |
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18,500 |
18,989 |
21,009 |
21,292 |
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Recur.
Profit |
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-557 |
-1,306 |
582 |
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Net
Profit |
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-500 |
-1,465 |
-2,136 |
695 |
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Total
Assets |
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N/A |
14,158 |
27,696 |
31,120 |
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Current
Assets |
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9,227 |
10,294 |
12,456 |
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Current
Liabs |
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19,327 |
19,987 |
21,532 |
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Net
Worth |
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3,961 |
4,461 |
7,349 |
9,497 |
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Capital,
Paid-Up |
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495 |
495 |
495 |
495 |
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Div.P.Share(¥) |
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0 |
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
-2.58 |
-9.61 |
-1.33 |
43.70 |
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Current Ratio |
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.. |
47.74 |
51.50 |
57.85 |
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N.Worth Ratio |
.. |
31.51 |
26.53 |
30.52 |
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R.Profit/Sales |
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.. |
-2.93 |
-6.22 |
2.73 |
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N.Profit/Sales |
-2.70 |
-7.71 |
-10.17 |
3.26 |
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Return On Equity |
.. |
-32.84 |
-29.07 |
7.32 |
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Notes: Financials (resulted figures) are only partially
disclosed for the 31/12/2010 fiscal term.
Net worth is only estimated.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.38 |
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1 |
Rs.73.88 |
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Euro |
1 |
Rs.65.83 |
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.