MIRA
INFORM REPORT
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Report Date : |
16.01.2012 |
IDENTIFICATION DETAILS
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Name : |
MITSUYA BOEKI LTD |
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Registered Office : |
Yamaguchi Kosan Sakaisuji Bldg, 2-2-7 Kyutaromachi Chuoku Osaka 541-0056 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Year of Establishment : |
August 1985 |
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Com. Reg. No.: |
(Osaka-Chuoku) 090430 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of industrial chemicals, pharmaceuticals, health foods |
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No. of Employees : |
49 |
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 108.4 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 |
|
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
MITSUYA BOEKI LTD
REGD NAME: Mitsuya
Boeki KK
MAIN OFFICE: Yamaguchi
Kosan Sakaisuji Bldg, 2-2-7 Kyutaromachi Chuoku Osaka- 541-0056 JAPAN
Tel:
06-6260-4581 Fax: 06-6260-4575
URL: http://www.mitsuya-boeki.co.jp
E-Mail address: info@mitsuya-boeki.co.jp
ACTIVITIES
Import, export,
wholesale of industrial chemicals, pharmaceuticals, health foods
BRANCHES
Teheran; Mitsuya
Boeki (USA) Inc, India (subsidiary)
OFFICERS
Yasuo Takahashi,
ch MASARU
KIMURA, PRES
Kiyoshi Nishimura,
s/mgn dir Koji Hirata,
mgn dir
Hiroshi Sakakibara, dir Hiroaki Gen, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 13,367 M
PAYMENTS REGULAR CAPITAL Yen
54 M
TREND STEADY WORTH Yen
325 M
STARTED 1985 EMPLOYES 49
COMMENT
TRADING HOUSE SPECIALIZING IN INDUSTRIAL CHEMICALS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
YEN 108.4 MILLION, 30 DAYS NORMAL TERMS.
.
HIGHLIGHTS
The
subject company was established by Yasuo Takahashi jointly with two other
entrepreneurs (all
on the board and shareholders).
Originally started importing pharmaceutical raw materials &
intermediates from Australia, India and China, the core of its operations. The firm has since diversified handling
products to include: pigments, paints, other industrial chemicals,
pharmaceutical intermediates, food additives, health foods, cosmetics &
toiletries. Main market base is USA,
where the firm operates a subsidiary, Mitsuya Boeki (USA) Inc (See OPERATION). Imports of raw materials for pharmaceuticals
continue growing from India & China.
Operations are also diversified into advanced areas, such as fuel cells,
nano powder (fine), etc. Goods are
actively exported to USA, Mid/South America, India, Europe, Africa, Mid/Near
East, China, other S/E Asia.
FINANCIAL INFORMATION
The sales volume for Mar/2011 fiscal
term amounted to Yen 13,367 million, a 19% up from Yen 11,205 million in the
previous term. Exports of
pharmaceuticals, paints and industrial chemicals grew into Asia and Mid/Near
East. Imports also increased. The recurring profit was posted at Yen 35
million and the net profit at Yen 15 million, respectively, compared with Yen
144 million recurring profit and Yen 69 million net losses, respectively, a
year ago. High Yen ate into profits in
Yen terms.
For the current term ending Mar 2012 the
recurring profit is projected at Yen 40 million and the net profit at Yen 20 million,
respectively, on a 5% rise in turnover, to Yen 14,000 million. Exports are expanding steadily. Dietary foods and health foods will grow in
Japan amid ballooning aging population here.
The financial situation is considered
maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 108.4
million, on 30 days normal terms.
REGISTRATION
Date Registered: Aug
1985
Regd No.:
(Osaka-Chuoku) 090430
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 4,000 shares
Issued: 1,080 shares
Sum: Yen 54 million
Major
shareholders (%): Yasuo Takahashi (45), Kiyoshi Nishimura (26, Masaru Kimura (10),
Hiroshi Sakakibara (10), Hiroaki Gen (10)
No.
of shareholders: 8
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, exports and wholesales industrial
chemicals: cosmetics/toiletries, electronics materials, food additives, glass
materials, pharmaceuticals materials & intermediates,
textiles, pulp & paper, plastics, toothpaste, detergent, agricultural
chemicals, construction materials, fuel cells, machine components, others
(--100%).
Pharmaceuticals raw materials &
intermediates are mainly imported from China and India.
(New Products):
Fuel Cell Materials: anode, carbon,
catalysts, cathode, electrolyte, interconnector
materials;
Dietary
Supplements: EPA oil, DHA oil, calcium gluconate, calcium lactate, taurin,
Vitamin (A, B, D, E, H), soybean lecithin,
ohlor tetra cycline, other;
Nano
Products;
Amino
Acid.
Goods are widely exported to: USA, Mid/South
America, India, China, UK, Germany,
Africa, Mexico, Taiwan, other S/E Asian countries, etc.
(North
American Operations): Operation is conducted by firms USA subsidiary
selling typically following products through distributors & agencies across
the country:
(Commodities): additives
(fluoride, etc) for tooth polishing, raw materials of synthetic rubber, paints
for cars, new materials such as high purity chemicals for use in Lithium Ion
secondary batteries & fuel cells, raw materials for health foods, raw
materials of agrochemicals (mainly shipped to Mexico & Chile), chelating
agents.
Clients: [Mfrs, wholesalers] Exports to USA,
Australia, India, China, Europe, Mid/South America, Mid/Near East, UK, Korea,
Thailand, S/E Asia, other.
Domestic clients
include: Osaka Organic Chemical Ind, Japan General, Wako Pure
Chemical Ind,
other.
No. of accounts:
1,000
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesalers]
Tosoh Corp, Shin-Etsu Chemical, Otsuka Chemical, Ube Ind, Nippon Shokubai, Stella Chemifa, Daicel Chemical, Nippon
Paper Chemical, Japan Carbide, Mitsubishi Chemical, Mitsubishi Gas Chemical,
Mitsubishi Rayon, Japan Vam & Poval Co, other.
Also imports from India, China, Australia,
other.
Payment record: Regular
Location: Business area in Osaka.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References:
MUFG (Semba-Chuo)
SMBC (Namba)
Relations: Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
|
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Annual
Sales |
|
14,000 |
13,367 |
11,205 |
8,426 |
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Recur.
Profit |
|
40 |
35 |
144 |
34 |
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Net
Profit |
|
20 |
15 |
69 |
-34 |
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Total
Assets |
|
|
3,276 |
2,888 |
2,338 |
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Current
Assets |
|
|
3,042 |
2,659 |
2,103 |
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Current
Liabs |
|
|
2,242 |
1,937 |
1,519 |
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Net
Worth |
|
|
325 |
309 |
239 |
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Capital,
Paid-Up |
|
|
54 |
54 |
54 |
|
Div.P.Share(₯) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.74 |
19.29 |
32.98 |
1.46 |
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Current Ratio |
|
.. |
135.68 |
137.27 |
138.45 |
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N.Worth Ratio |
.. |
9.92 |
10.70 |
10.22 |
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R.Profit/Sales |
|
0.29 |
0.26 |
1.29 |
0.40 |
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N.Profit/Sales |
0.14 |
0.11 |
0.62 |
-0.40 |
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Return On Equity |
.. |
4.62 |
22.33 |
-14.23 |
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Note: Forecast (or
estimated) for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.43 |
|
|
1 |
Rs.79.10 |
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Euro |
1 |
Rs.66.17 |
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 |
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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.