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Report Date : |
14.02.2012 |
IDENTIFICATION DETAILS
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Name : |
NISSHIN KASEI CO LTD |
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Registered Office : |
Fuso Doshomachi Bldg 2F, 1-7-10 Doshomachi Chuoku Osaka 541-0045 |
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Country : |
Japan |
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Financials (as on) : |
30.06.2011 |
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Date of Incorporation : |
February 1958 |
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Com. Reg. No.: |
(Osaka-Chuoku) 086704 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of specialty chemicals, pharmaceuticals, synthetic rubber, oil & fats, food additives, other |
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No. of Employees : |
36 |
RATING & COMMENTS
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MIRAs 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 70.6 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 |
NISSHIN KASEI CO LTD
REGD NAME: Nisshin
Kasei KK
MAIN OFFICE: Fuso
Doshomachi Bldg 2F, 1-7-10 Doshomachi Chuoku Osaka 541-0045 JAPAN
Tel:
06-6203-1893 Fax: 06-6203-7478
URL: http://www.nisshinkasei.co.jp
E-Mail address: (thru the URL)
Import, export,
wholesale of specialty chemicals, pharmaceuticals, synthetic
rubber, oil & fats, food additives,
other
Tokyo, Nagoya
TADASU UEMURA,
PRES Toshiaki Moriuchi, mgn dir
Motohiko Uemura,
mgn dir Takashi Iwasa, dir
Toru Higo, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 6,629 M
PAYMENTS NO
COMPLAINTS CAPITAL Yen 76 M
TREND SLOW WORTH Yen
379 M
STARTED 1958 EMPLOYES 36
TRADING FIRM SPECIALIZING IN INDUSTRIAL CHEMICALS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
YEN 70.6 MILLION, 30 DAYS NORMAL TERMS
The subject company was established
by Tadasu Uemura in order to make most of his experience in the subject line of
business. This is a specialized trading
firm for import, export and wholesale of specialty chemicals, pharmaceuticals,
oils & fats, food additives, synthetic rubber, other. Close ties with Dow Chemical Co, USA,
importing their specialty chemicals & synthetic resins.
The sales volume for Jun/2011 fiscal
term amounted to Yen 6,629 million, a 5% down from Yen 6,991 million in the
previous term. This is largely referred
to the high Yen, reducing revenues and profits in Yen terms. The recurring profit was posted at Yen 96
million and the net profit at Yen 60 million, respectively, compared with Yen
93 million recurring profit and Yen 33 million net profit, respectively, a year
ago.
For the current term ending Jun 2012
the recurring profit is projected at Yen 100 million and the net profit at Yen
63 million, respectively, on a 2% rise in turnover, to Yen 6,750 million.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Max credit limit is estimated at Yen 70.6 million, on 30 days normal
terms.
Date Registered: Feb
1958
Regd No.:
(Osaka-Chuoku) 086704
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 600,000 shares
Issued: 150,000 shares
Sum: Yen 75 million
Major
shareholders (%): Tadasu Uemura (24.2), SBIC (23.8), Yoshiaki Kizawa (10.8),
Employees S/Holding Assn (9.7), General Co
Ltd (3.8)
No. of shareholders: 16
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Trading firm for
import, export and wholesale of: specialty chemicals, pharmaceuticals, oils
& fats, synthetic resin, synthetic rubber, machinery equipment, other
(--100%).
Clients: [Mfrs, wholesalers]
General Technology, Nippon Electric Glass, Takeda Pharmaceutical, Rohto
Pharmaceutical, Nippon Paint, Mitsubishi Plastics, Aica Kogyo Co, Murata Mfg
Co, Goo Chemical Co, other
No. of accounts:
500
Domestic areas of
activities: nationwide
Suppliers: [Mfrs,
wholesalers] Mitsubishi Corp, Dow Chemical Pacific, Dow Chemical
Japan, Goo Chemical Co, Meiwa Corp, Asahi
Kasei Chemicals, Nissei Kagaku Kogyosho, Konishi Co, Nippon Kogyo Yakuhin,
other
Payment record: No Complaints
Location: Business area in
Osaka. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Mizuho Bank (Semba)
SMBC (Osaka-Chuo)
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 |
|
6,750 |
6,629 |
6,991 |
6,773 |
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Recur.
Profit |
|
100 |
96 |
93 |
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Net
Profit |
|
63 |
60 |
33 |
-17 |
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Total
Assets |
|
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2,705 |
2,840 |
2,786 |
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Current
Assets |
|
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2,258 |
2,377 |
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Current
Liabs |
|
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1,964 |
2,146 |
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Net
Worth |
|
|
379 |
326 |
298 |
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Capital,
Paid-Up |
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|
75 |
75 |
75 |
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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 |
1.83 |
-5.18 |
3.22 |
-11.71 |
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Current Ratio |
|
.. |
114.97 |
110.76 |
.. |
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N.Worth Ratio |
.. |
14.01 |
11.48 |
10.70 |
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R.Profit/Sales |
|
1.48 |
1.45 |
1.33 |
.. |
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N.Profit/Sales |
0.93 |
0.91 |
0.47 |
-0.25 |
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Return On Equity |
.. |
15.83 |
10.12 |
-5.70 |
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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.49.32 |
|
|
1 |
Rs.77.84 |
|
Euro |
1 |
Rs.65.35 |
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 SCs 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.