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Report Date : |
08.08.2012 |
IDENTIFICATION DETAILS
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Name : |
KUSUMOTO CHEMICALS LTD |
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Registered Office : |
Kusumoto Daiichi Bldg, 1-11-13 Uchikanda Chiyodaku Tokyo 101-0047 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
Jun 1972 |
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Com. Reg. No.: |
0100-01-015054
(Tokyo-Chiyodaku) |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Import, wholesale of
industrial chemicals, synthetic resins |
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|
No. of Employees : |
250 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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Litigation : |
Clear |
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
KUSUMOTO CHEMICALS
LTD
REGD NAME: Kusumoto
Kasei KK
MAIN OFFICE: Kusumoto
Daiichi Bldg, 1-11-13 Uchikanda Chiyodaku Tokyo 101-0047 JAPAN
Tel: 03-3292-8681 Fax: 03-3233-0170
URL: http://www.kusumoto.co.jp
E-Mail
address: (thru the URL)
Import,
wholesale of industrial chemicals, synthetic resins
Osaka,
Nagoya, Sapporo, Fukuoka, Akita
China,
Thailand, Malaysia, Indonesia, Philippines
Koshigaya,
Soka, Kashima (--Processing)
KEITA
KUSUMOTO, PRES Hiroji Kusumoto, ch
Yutaka
Oyama, mgn dir Shingo
Ishikawa, dir
Manami
Kusumoto, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 21,283 M
PAYMENTS No
complaint CAPITAL Yen 450 M
TREND SLOW WORTH Yen
8,196 M
STARTED 1972 EMPLOYES 250
TRADING FIRM SPECIALIZING IN INDUSTRIAL CHEMICALS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject
company was established originally in 1926 by Jiroh Kusumoto for importing
industrial chemicals, on his account. In
1948 started mfg paint additives.
Incorporated in 1972 the firm has been succeeded by his descendants. This is a trading firm, with mfg/processing
division, for import and wholesale of industrial chemicals, additives,
other. It has three business units:
chemicals, additives and BTAC (environmental test chamber). Goods are imported from USA, Spain,
Netherlands, other. Clients include
major paint mfrs, other.
The sales
volume for Dec/2011 fiscal term amounted to Yen 21,283 million, a 4% down from
Yen 22,249 million in the previous term.
High Yen eroded earnings and profits in Yen terms. The recurring profit was posted at Yen 377
million and the net profit at Yen 339 million, respectively, compared with Yen
714 million recurring profit and Yen 528 million net profit, respectively, a
year ago.
For the
current term ending Dec 2012 the recurring profit is projected at Yen 390 million
and the net profit at Yen 350 million, respectively, on a 3% rise in turnover,
to Yen 22,000 million.
The
financial situation is considered FAIR and good for ORDINARY business
engagements. Max credit limit is
estimated at Yen 552.7 million, on 30 days normal terms.
Date Registered:
Jun 1972
Regd No.: 0100-01-015054
(Tokyo-Chiyodaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
3.6 million shares
Issued:
900,000 shares
Sum: Yen 450 million
Major shareholders (%): Kusumoto KK* (100)
*..
Holding company owned by the Kusumoto family.
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports and wholesales industrial
chemicals, additives, other (--100%)
(Handling items):
Chemicals Unit: synthetic, plastic molding resins,
plasticizers, organic & inorganic extender pigments. Glass fibers, non-woven
cloth, Butyral resin, PET films, metal surface treating agents, water treatment
chemicals, rust preventives, solvents, metal containers, metal soaps, hardening
agents, UV absorbents, sepiolite, silicone products, binder for paste,
meso-porous silica, LED related products, other;
Additives Unit: thyrotrophic agents, dispersants,
anti-foaming agents, anti-popping agents, anti-catering agents, leveling
agents, electrostatic assistants, powder, non-VOC and UV hardening systems,
other.
Clients: [Mfrs, wholesalers] TDK, Kansai Paint
Co, Nippon Paint Co, Atomix Co, Origin Electric Co, other
No. of
accounts: 300
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] DIC, Daiwa Co,
BASF Japan, Teijin DuPont Films Japan,
Ube Ind, Owens Corning Japan,
Itochu Chemical Frontier, Toyotsu Chemiplas Co, other.
Imports from King Industries Inc
(USA), Tolsa SA (Spain), DSM Neo Resins (Netherlands), other.
Payment record: No
complaint
Location:
Business area in Tokyo. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References:
SMBC
(Kanda)
MUFG
(Kanda)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
Annual
Sales |
|
22,000 |
21,283 |
22,249 |
19,164 |
|
Recur.
Profit |
|
390 |
377 |
714 |
139 |
|
Net
Profit |
|
350 |
339 |
528 |
139 |
|
Total
Assets |
|
|
19,030 |
20,109 |
19,751 |
|
Current
Assets |
|
|
13,339 |
14,283 |
13,409 |
|
Current
Liabs |
|
|
8,432 |
9,808 |
10,745 |
|
Net
Worth |
|
|
8,196 |
7,902 |
7,413 |
|
Capital,
Paid-Up |
|
|
450 |
450 |
450 |
|
Div.P.Share(¥) |
|
|
|
|
|
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.37 |
-4.34 |
16.10 |
-27.77 |
|
|
Current Ratio |
|
.. |
158.19 |
145.63 |
124.79 |
|
N.Worth Ratio |
.. |
43.07 |
39.30 |
37.53 |
|
|
R.Profit/Sales |
|
1.77 |
1.77 |
3.21 |
0.73 |
|
N.Profit/Sales |
1.59 |
1.59 |
2.37 |
0.73 |
|
|
Return On Equity |
.. |
4.14 |
6.68 |
1.88 |
|
Notes:
Forecast (or estimated) figures for the 31/12/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.14 |
|
|
1 |
Rs.86.00 |
|
Euro |
1 |
Rs.68.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.