MIRA
INFORM REPORT
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Report Date : |
04.05.2011 |
IDENTIFICATION DETAILS
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Name : |
CYCLOCHEM CO LTD |
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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 : |
July 2002 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of cyclodextrin, fine chemicals |
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 17.1 Million |
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Status : |
Small Company |
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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
CYCLOCHEM CO LTD
REGD NAME: KK
Cyclochem
MAIN OFFICE:
Tel: 078-302-7003 Fax: 078-302-7734
URL: http//:www.cyclochem.com
E-mail: (thru the URL)
ACTIVITIES
Import, wholesale
of cyclodextrin, fine chemicals
BRANCHES
OFFICER(S)
KEIJI TERAO, PRS Iwao Tachi, dir
Kiyomi Terao, dir Kunihiro Terao, dir
Hiroshi Fukumi,
dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 948 M
PAYMENTS REGULAR CAPITAL Yen
50 M
TREND SLOW WORTH Yen
88 M
STARTED 2002 EMPLOYES 15
COMMENT
IMPORTER AND
WHOLESALER OF CYCLODEXTRIN & FINE CHEMICALS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS
MAX CREDIT LIMIT:
YEN 17.1 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject
company was established by Keiji Terao in order to make most of his experience
in the subject line of business. This is
a trading firm for importing and wholesaling cyclodextrin and fine chemicals. Goods are imported from
FINANCIAL INFORMATION
Financials are
only partially disclosed.
The sales volume
for Dec/2010 fiscal term amounted to Yen 948 million, a 3% down from Yen 981
million in the previous term. The net
profit was posted at Yen 5 million, compared with Yen 9 million a year
ago. .
For the current
term ending Dec 2011 the net profit is projected at Yen 5 million, on a 2% rise
in turnover, to Yen 970 million.
The financial situation
is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 17.1
million, on 30 days normal terms.
REGISTRATION
Date Registered: Jul
2002
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 4,000 shares
Issued: 1,000 shares
Sum: Yen 50 million
Major shareholders (%): Keiji Terao
(50), Kunihiro Terao (50)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and
wholesales cyclodextrin (80%), fine chemical products (--20%).
Clients: [Mfrs,
wholesalers] Kao Corp, Cyclochem Bio Co, Ito En Ltd, Nisso Fine Chemical,
Mitsubishi Chemical Foods, House Foods, other
No. of accounts:
300
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs, wholesalers] Wacker Chemical
Corporation, Wacker Chemie AG, other.
Domestically supplied from: Goko Butsuryu
Co, Bizen Chemical Co, other.
Payment record: Regular
Location: Business area in
Bank References:
Shoko Chukin Bank
(
SMBC (
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/12/2011 |
31/12/2010 |
31/12/2009 |
31/12/2008 |
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Annual
Sales |
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970 |
948 |
981 |
767 |
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Recur.
Profit |
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Net
Profit |
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5 |
5 |
9 |
8 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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88 |
83 |
74 |
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Capital,
Paid-Up |
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50 |
50 |
50 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.32 |
-3.36 |
27.90 |
8.79 |
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Current Ratio |
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.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
0.52 |
0.53 |
0.92 |
1.04 |
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Notes: Financials
are only partially disclosed.
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 |
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US Dollar |
1 |
Rs.44.34 |
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1 |
Rs.73.69 |
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Euro |
1 |
Rs.65.75 |
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.