MIRA
INFORM REPORT
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Report Date : |
19.01.2012 |
IDENTIFICATION DETAILS
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Name : |
AKISHIMA CHEMICAL INDUSTRIES CO LTD |
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Registered Office : |
Fukoku Seimei Bldg 15F, 2-2-2 Uchisaiwaicho Chiyodaku Tokyo 100-0011 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
July 1946 |
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Com. Reg. No.: |
(Tokyo-Chiyodaku) 009214 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Mfg of stabilizer for PVC,
other |
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No. of Employees : |
25 |
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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Maximum Credit Limit : |
Yen 36.5 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
Company name
AKISHIMA CHEMICAL INDUSTRIES CO LTD
REGD NAME: Akishima
Kagaku Kogyo KK
MAIN OFFICE
Fukoku Seimei Bldg
15F, 2-2-2 Uchisaiwaicho Chiyodaku Tokyo 100-0011 JAPAN
Tel:
03-5251-9940
Fax: 03-5251-9933
*.. The given address
is its Saitama Factory
E-Mail
address: (thru the URL)
ACTIVITIES
Mfg of
stabilizer for PVC, other
BRANCHES
Nil
OVERSEAS
France
FACTORIES
Saitama
OFFICERS
JEAN-LUC
JOUK, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,170 M
PAYMENTS REGULAR CAPITAL Yen 30 M
TREND SLOW WORTH Yen
857 M
STARTED 1946 EMPLOYES 25
COMMENT
MFR OF PVC STABILISERS, OWNED BY ARKEMA KK, SUBSIDIARY OF
ARKEMA ASIE SAS (FRANCE).
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR CREDIT ENGAGEMENTS: US$150,000 / O/A 30 DAYS.
MAX
CREDIT LIMIT: YEN 36.5 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established on the basis of a
division separated from Arkema KK, at the caption address, which is 100% owned
by Arkema Asie SAS (France). Jean-Luc
Jouk is concurrently pres at the parent.
This is a specialized mfr of PVC stabilizers. Holds a good market share in this line of
business.
FINANCIAL INFORMATION
Financial are only partially disclosed.
The sales volume for Dec/2010 fiscal term amounted to Yen
1,170 million, a 13% up from Yen 1,032 million in the previous term. The net profit is estimated posted at Yen 50
million, compared with Yen 50 million a year ago. The net profit is not precisely disclosed and
the figures are estimated only.
For the term that ended Dec 2011
the net profit was projected at Yen 50 million, on a 7% rise in turnover, to
Yen 1,250 million. Final results are yet
to be released.
The financial situation is considered FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 36.5 million, on 30 days normal terms. The proposed amount is considered well within
the firm’s financial capacities.
REGISTRATION
Date Registered: July
1946
Regd No.: (Tokyo-Chiyodaku)
009214
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 60,000 shares
Issued:
60,000 shares
Sum: Yen
30 million
Major shareholders (%): Arkema KK* (100)
*.. Trading firm for import, export of chemicals, at the caption
address, 100% owned by Arkema Sie SAS (France), founded 1974, capital Yen 1,700
million, sales Yen 16,847 million, employees 50, pres Jean-Luc Jouk,
concurrently
Related companies: Akishima
Yoshitomi Ltd (subsidiary)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures PVC stabilizer, non-toxic
PVC stabilizer, stabilizer for wall covering, stabilizers for construction
materials, stabilizers for extrusion, wire & cable, other (--100%)
Clients: [Mfrs, wholesalers] Mitsui & Co, Shin-Etsu
Chemical Ind, Shin-Etsu Polymer, Riken Technos, Okamoto Corp, Sojitsu Corp,
other
No. of
accounts: 300
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Arkema KK,
Mitsubishi Corp, Miki & Co, other
Payment record: Regular
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Kojimachi)
Relations:
Satisfactory
FINANCES (In Million Yen)
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Terms Ending: |
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31/12/2011 |
31/12/2010 |
31/12/2009 |
31/12/2008 |
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Annual
Sales |
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1,250 |
1,170 |
1,032 |
1,376 |
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Recur.
Profit |
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Net
Profit |
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50 |
50 |
45 |
60 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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857 |
807 |
762 |
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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 |
6.84 |
13.37 |
-25.00 |
-11.45 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
4.00 |
4.27 |
4.36 |
4.36 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/12/2011 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.66 |
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1 |
Rs.77.72 |
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Euro |
1 |
Rs.64.63 |
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.