MIRA
INFORM REPORT
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Report Date : |
24.10.2011 |
IDENTIFICATION DETAILS
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Name : |
AZUCHI SANGYO CO LTD |
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Registered Office : |
Yamamoto Bldg, 2-4-6 Azuchimachi Chuoku Osaka 541-0052 |
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Country : |
Japan |
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Financials (as on) : |
30.06.2011 |
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Year of Establishment : |
August 1948 |
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Com. Reg. No.: |
(Osaka-Chuoku) 073696 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of industrial chemicals, synthetic resins, insecticides |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 120.0 Million |
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Status : |
Satisfactory |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Japan |
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 and address
AZUCHI SANGYO Co Ltd
REGD NAME: Azuchi
Sangyo KK
MAIN OFFICE: Yamamoto
Bldg, 2-4-6 Azuchimachi Chuoku Osaka 541-0052 JAPAN
Tel: 06-6261-5535 Fax: 06-6161-5538
E-Mail address: info@azuchi.co.jp
ACTIVITIES
Import, export,
wholesale of industrial chemicals, synthetic resins, insecticides
BRANCHES
Tokyo
OFFICERS
MASAO ARIOKA, PRES
Nobuo Iuchi, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 3,621 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen
337 M
STARTED 1948 EMPLOYES 13
COMMENT
TRADING FRIM SPECIALIZING IN INDUSTRIAL CHEMICALS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
YEN 120.0 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established
by father of Masao Arioka in order to make most of his experience in the
subject line of business. This is a
trading firm for import, export and wholesale of industrial chemicals,
synthetic resin, insecticides, other
FINANCIAL INFORMATION
The sales volume for Jun/2011 fiscal
term amounted to Yen 3,621 million, a 45% up from Yen 2,494 million in the
previous term. The recurring profit was
posted at Yen 103 million and the net profit at Yen 31 million, respectively,
compared with Yen 85 million recurring profit and Yen 48 million net profit,
respectively, a year ago.
For the current term ending Jun 2012
the recurring profit is projected at Yen 105 million and the net profit at Yen
35 million, respectively, on a 4% rise in turnover, to Yen 3,750 million.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Max credit limit is estimated at Yen 1220.0 million, on 30 days normal
terms.
REGISTRATION
Date Registered: Aug
1948
Regd No.:
(Osaka-Chuoku) 073696
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 400,000 shares
Issued: 100,000 shares
Sum: Yen 10 million
Major
shareholders (%): Masao Arioka (58)
No. of shareholders: 9
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, exports
and wholesales industrial chemicals, synthetic resins, insecticides, other
(--100%)
Clients: [Mfrs,
wholesalers] Sakata Inks, DIC, Yasuhara Chemical, other
No. of accounts:
300
Domestic areas of
activities: Centered in greater-Osaka
Suppliers: [Mfrs,
wholesalers] Japan Enviro Chemicals, DIC, Sumisho Chemicals, Meiwa Trading,
Konishi, other
Payment record: Regular
Location: Business area in
Osaka. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Mizuho Bank (Semba)
Shoko Chukin Bank
(Osaka)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
30/06/2012 |
30/06/2011 |
30/06/2010 |
30/06/2009 |
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Annual
Sales |
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3,750 |
3,621 |
2,494 |
2,566 |
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Recur.
Profit |
|
105 |
103 |
85 |
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Net
Profit |
|
35 |
31 |
48 |
32 |
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Total
Assets |
|
|
823 |
768 |
753 |
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Current
Assets |
|
|
760 |
707 |
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Current
Liabs |
|
|
122 |
123 |
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Net
Worth |
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|
337 |
306 |
258 |
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Capital,
Paid-Up |
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|
10 |
10 |
10 |
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Div.P.Share(¥) |
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|
5.00 |
5.00 |
5.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.56 |
45.19 |
-2.81 |
-7.90 |
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Current Ratio |
|
.. |
622.95 |
574.80 |
.. |
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N.Worth Ratio |
.. |
40.95 |
39.84 |
34.26 |
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R.Profit/Sales |
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2.80 |
2.84 |
3.41 |
.. |
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N.Profit/Sales |
0.93 |
0.86 |
1.92 |
1.25 |
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Return On Equity |
.. |
9.20 |
15.69 |
12.40 |
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Notes: Forecast (or
estimated) figures for the 30/06/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.06 |
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|
1 |
Rs.79.15 |
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Euro |
1 |
Rs.69.03 |
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 |
-- |
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.