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Report Date : |
26.04.2012 |
IDENTIFICATION DETAILS
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Name : |
FUJI KASEI CO LTD |
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Registered Office : |
Takasago Bldg 801, 1-13-16 Awaza Nishiku Osaka 550-0011 |
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Country : |
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Financials (as on) : |
30.06.2011 |
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Date of Incorporation : |
July 1968 |
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Com. Reg. No.: |
1200-01-047053 (Osaka-Nishiku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of industrial chemicals |
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No. of Employees : |
07 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
FUJI KASEI CO LTD
Fuji Kasei KK
Takasago Bldg 801,
1-13-16 Awaza Nishiku Osaka 550-0011 JAPAN
Tel:
06-6532-7431
Fax: 06-6532-7435
E-Mail address: info@fujikasei.net
Import,
export, wholesale of industrial chemicals
Nil
Thailand,
Taiwan
YUTAKA
WATANABE, PRES
Shuji
Watanabe, mgn dir
Yoshiko
Watanabe, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES WEAK A/SALES Yen 1,459 M
PAYMENTS Slow
CAPITAL Yen 30 M
TREND SLOW WORTH Yen
(-) 304 M
STARTED 1968 EMPLOYES 7
TRADING FIRM SPECIALIZING IN INDUSTRIAL CHEMICALS.
FINANCIAL SITUATION CONSIDERED
WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN (-) 24.4
MILLION, 30 DAYS; NEGATIVE NET
WORTH AND NO CREDITS ARE RECOMMENDED UNLESS WITH SECURED TERMS.
The subject company was established by Yutaka Watanabe in order to make
most of his experience in the subject line of business. This is a family-based trading firm
specializing in import, export and wholesale of industrial chemicals. Goods are exported widely to S/E Asia:
Bangladesh, Taiwan, Australia, New Zealand, Thailand, other.
The sales volume for Jun/2011 fiscal term amounted to Yen 1,459 million,
a 7% down from Yen 1,572 million in the previous term. High Yen hurt export revenues and profits in
Yen terms. The operations continued in
the red to register Yen 332 million recurring loss and Yen 327 million net
losses, respectively, compared with Yen 214 million recurring loss and Yen 216
million net losses, respectively, a year ago.
For the current term ending Jun 2012 the operations are expected to come
back to profitability but still limited to a minimum amount post-taxes, on a 3%
rise in turnover, to Yen 1,500 million.
The financial situation is considered WEAK but should be good for
MODERATE business engagements. Max
credit limit is estimated at Yen (-) 24.4 million, on 30 days; negative net
worth and no credits are recommended unless with secured terms.
Date Registered: Jul 1968
Regd No.: 1200-01-047053 (Osaka-Nishiku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
240,000 shares
Issued:
60,000 shares
Sum: Yen 30 million
Major shareholders (%): Yutaka Watanabe (39), Shuji
Watanabe (24), Michiko Watanabe (16), Tadashi Watanabe (9)
No. of shareholders: 9
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports
and wholesales industrial chemicals: calcium chloride, zinc chloride, talc
powder, aluminum oxide, propylene glycol chlorinate, porous sulphate, sodium
hydrosulfate, copper sulphate pent hydrate, ammonium chloride, other (--100%)
Clients: [Mfrs, wholesalers]
Exports to Bangladesh, Taiwan, Australia, New Zealand, Korea, Thailand, other
No. of accounts:
Unavailable
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Nippon Light Metal Co, Mitsui Chemical Co, Central Glass, Tokuyama
Corp, Fuji Titanium Ind, Nihon Kagaku Sangyo, Nippon Shokubai Co, other
Payment record: Slow
Location: Business area in
Osaka. Office premises at the caption
address are leased and maintained satisfactorily.
Bank
References:
MUFG (Shinanobashi)
SEBC (Osaka-Nishi)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
30/06/2012 |
30/06/2011 |
30/06/2010 |
30/06/2009 |
|
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Annual
Sales |
|
1,500 |
1,459 |
1,572 |
1,606 |
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Recur.
Profit |
|
0 |
-332 |
-214 |
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Net
Profit |
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0 |
-327 |
-216 |
-178 |
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Total
Assets |
|
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1,310 |
1,370 |
2,167 |
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Current
Assets |
|
|
559 |
467 |
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Current
Liabs |
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|
1,320 |
1,053 |
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Net
Worth |
|
|
-304 |
22 |
239 |
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Capital,
Paid-Up |
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|
30 |
30 |
30 |
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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 |
2.81 |
-7.19 |
-2.12 |
-33.39 |
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Current Ratio |
|
.. |
42.35 |
44.35 |
.. |
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N.Worth Ratio |
.. |
-23.21 |
1.61 |
11.03 |
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R.Profit/Sales |
|
0.00 |
-22.76 |
-13.61 |
.. |
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N.Profit/Sales |
0.00 |
-22.41 |
-13.74 |
-11.08 |
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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.52.49 |
|
UK Pound |
1 |
Rs.84.66 |
|
Euro |
1 |
Rs.69.25 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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.