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Report Date : |
23.08.2012 |
IDENTIFICATION DETAILS
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Name : |
MATSUMOTO TRADING CO LTD |
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Registered Office : |
Mitsui Daini Bekkan 1F, 4-4-20 Nihombashi-Hongokucho Chuoku Tokyo 103-0021 |
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Country : |
japan |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
August
1945 |
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Com. Reg. No.: |
0100-01-057794
(Tokyo-Chuoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer,
import, export, wholesale of cosmetic/pharmaceutical ingredients |
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No. of Employees : |
40 employees |
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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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 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
MATSUMOTO TRADING CO LTD
KK Matsumoto Kosho
Mitsui Daini
Bekkan 1F, 4-4-20 Nihombashi-Hongokucho Chuoku Tokyo 103-0021 JAPAN
Tel:
03-3241-5161 Fax: 03-3241-5169
URL: http://www.matsumoto-trade.co.jp
E-Mail address: international_business@matsumoto-trade.co.jp
Mfg,
import, export, wholesale of cosmetic/pharmaceutical ingredients, others
Osaka
At the
caption address (laboratory); mfg is done by a subsidiary, Matsumoto Fine
Chemical Co Ltd (Chiba)
MASAO
MISUMI, PRES
Ihei Matsumoto, ch
Yasukazu
Matsumoto, dir
Yen
Amount: In million Yen, unless otherwise
stated
FINANCES FAIR A/SALES Yen 8,652 M
PAYMENTS No
Complaints CAPITAL Yen 30 M
TREND SLOW WORTH Yen
1,758 M
STARTED 1945 EMPLOYES 40
TRADING FIRM SPECIALIZING IN COSMETIC/PHARMACEUTICAL INGREDIENTS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established originally in 1663 as Iwashiya Matsumoto Ihei Shokai, as a private enterprise, and was incorporated in 1945. This is a trading firm, with mfg division, specializing in import, export and wholesale of cosmetic and pharmaceutical ingredients (See OPERATION). Goods are imported from and exported to China, Thailand and other S/E Asian countries. Has overseas partners in China & Thailand (See OPERATION). Mfg is done by a subsidiary, Matsumoto Fine Chemical Co Ltd (See REGISTRATIO). Clients include major cosmetics and pharmaceutical makers, nationwide.
The sales volume for Mar/2012 fiscal term amounted to Yen 8,652 million, a 6% down from Yen 9,214 million in the previous term. This is mainly due to the high Yen reducing revenues & profits in Yen terms. The recurring profit was posted at Yen 478 million and the net profit at Yen 298 million, respectively, compared with Yen 445 million recurring profit and Yen 267 million net profit, respectively, a year ago.
For the current term ending Mar 2013 the recurring profit is projected at Yen 480 million and the net profit at Yen 310 million, respectively, on a 4% rise in turnover, to Yen 9,000 million. Exports are rising. Business is seen steadily expanding.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Aug 1945
Regd No.: 0100-01-057794 (Tokyo-Chuoku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
2.4 million shares
Issued:
604,920 shares
Sum: Yen 30,246,000.
Major shareholders (%): Ihei Matsumoto (51)
No. of shareholders: 20
Nothing
detrimental is known as to the commercial morality of executives.
*.. Matsumoto Fine Chemical Co Ltd, Chiba, mfr of organometallic
compounds & raw materials for cosmetics, employees 40, pres Miyozo Taga
Activities: Trading firm, with mfg division, for import, export and wholesale of cosmetic & pharmaceutical ingredients, others (--100%)
Mfg is done by a subsidiary, Matsumoto Fine Chemical Co Ltd (Chiba)
Overseas Partners: China Evephon Enterprises Co Ltd, Thailand Forecus Co Ltd.
(Handling Items): Fatty acid polyglyceryls, acrylic resin plasticizers, phenol sulfonates, conditioning polymers, polymeric emulsifying thickeners, aluminum hydroxyl chloride, UV absorbers, silicones, a variety of emulsifiers & oils, pearl pigments, high performance skin care ingredients, film formers & viscosity-building resins, long-lasting cooling agent, ester oils & lanolin derivatives, naturally derived gelling agents, high performance skin care ingredients, foaming, cleansing & conditioning agents, rice-based ingredients, skin care, hair care, active ingredients, active spherical particles & active ingredients, many other types of cosmetic ingredients
Overseas partners: China Evephon Enterprises Co Ltd, Thailand Forecus Co Ltd
(Mfg Items): 22 items to be filled in
Clients: [Mfrs, wholesalers] Kose Corp, Shiseido Co, Kao Corp, Rohto Pharmaceutical Co, Kanebo Cosmetics Inc, Kracie Home Products, and their group firms, other
Exports to China, Thailand, other S/E Asian countries
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Matsumoto Fine Chemical Co, Nalco Japan, Clariant Japan, Dow Corning Toray, Nippon NSC Ltd, Quest International, Nippon Fine Chemicals, Arysta Life Science, Tsuno Food Ind, other
Imports from China, Thailand, other
Payment record: No Complaints
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Ohdenmacho)
SMBC
(Nihombashi)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
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Annual
Sales |
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9,000 |
8,652 |
9,214 |
8,476 |
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Recur.
Profit |
|
480 |
476 |
445 |
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Net
Profit |
|
310 |
298 |
261 |
212 |
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Total
Assets |
|
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4,442 |
4,153 |
3,873 |
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Current
Assets |
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3,847 |
3,625 |
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Current
Liabs |
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2,668 |
2,653 |
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Net
Worth |
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1,758 |
1,478 |
1,234 |
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Capital,
Paid-Up |
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|
30 |
30 |
30 |
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Div.Ttl
in million (¥) |
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17.9 |
17.9 |
17.9 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.02 |
-6.10 |
8.71 |
7.55 |
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Current Ratio |
|
.. |
144.19 |
136.64 |
.. |
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N.Worth Ratio |
.. |
39.58 |
35.59 |
31.86 |
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R.Profit/Sales |
|
5.33 |
5.50 |
4.83 |
.. |
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N.Profit/Sales |
3.44 |
3.44 |
2.83 |
2.50 |
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Return On Equity |
.. |
16.95 |
17.66 |
17.18 |
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Notes:
Forecast (or estimated) figures for the 31/03/2013 fiscal term.
Additional
information
Special concerns or questions:
1.Documented, or otherwise, instance of
improper un-ethical/legal business conduct.
Unavailable
2.Bribes to gov't officials by the company,
affiliate(s) Parent or any of its owners, officials, principals, or any
employee
Not known or
reported in the Market
3.Any relationship to local govt (family
relationship to high placed govt official)
No relationship
4.Does any one associated with the company, the
parent, or affiliates hold a govt position, represent the local govt in any
capacity or holds civil servant positions.
No
5.Top 5 customers-who are they (name,
address, phone, fax). What does company do for such customers (ie what products
or services are provided to customer by company)
Included in the
report
6.Any positive or negative points you might
have learned during your investigation.
No
7. Are there any sales made by your company
where the intended destination of the product(s) is Cuba, Iran, North Korea,
Sudan, and/or Syria
No business into or
from these countries, business is mainly in China and other S/E asian countries
8.Do you have a presence, that is, a sales
office, any agent/representative or distributors in Cuba, Iran, North Korea,
Sudan and/or Syria?
No business with these countries
9.What is your official
registration status (Partnership, LLC, etc.) and where are you incorporated?
No business with these countries
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.54 |
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UK Pound |
1 |
Rs.87.39 |
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Euro |
1 |
Rs.68.72 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.