MIRA INFORM REPORT
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Report Date : |
25.01.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
MALROB-CHEMIPLUS LIMITED |
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Registered Office : |
Nihombashi Hakuba Bldg 8F, 18-6 Nihombashi-Koamicho Chuoku Tokyo 103-0016 |
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Country : |
Japan |
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Financials (as on) : |
30.09.2011 |
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Date of Incorporation : |
May 2007 |
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Com. Reg. No.: |
(Tokyo-Chuoku) 142864 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, Export, Wholesale of industrial chemicals, fine
chemicals |
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No. of Employees
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06 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Poor |
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Payment
Behaviour : |
Slow |
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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 30th, 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
MALROB-CHEMIPLUS LIMITED
REGD NAME
KK Malrob Chmiplus
MAIN OFFICE
Nihombashi Hakuba
Bldg 8F, 18-6 Nihombashi-Koamicho Chuoku Tokyo
103-0016 JAPAN
Tel:
03-6231-1361 Fax: 03-6231-1368
E-Mail address: (thru the URL)
ACTIVITIES
Import,
export, wholesale of industrial chemicals, fine chemicals
BRANCHES
Nil
OVERSEAS
China,
Singapore
OFFICERS
SATOSHI
KATO, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 1,513 M
PAYMENTS Slow CAPITAL Yen 10 M
TREND SLOW WORTH Yen
(-) 5 M
STARTED 2007 EMPLOYES 6
COMMENT
TRADING FIRM SPECIALIZING IN INDUSTRIAL CHEMICALS,
WHOLLY OWNED BY MELROB LIMITED UK.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR
MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN (-) 1.8 MILLION, 30 DAYS, RECOMMENDING FIXEDTERMS
ON NEW TRANSACTIONS. NEGATIVE NETWORTH.
HIGHLIGHTS
The subject company was established originally in 2006 by Melrob Limited
UK as its Japan marketing office, as Melrob Japan Ltd. In 2007 merged with Chemiplus Corp and
renamed as captioned. The merger was
intended to streamline their operations into one entity: Melrob Japan was
expert in industrial chemicals, while Chemiplus in fine chemicals. Operations cover Europe, USA, China, Mid/Near
East, other.
FINANCIAL INFORMATION
The sales volume for Sept 2011 fiscal term amounted to Yen 1,513
million, a 25% up from Yen 1,212 million in the previous term. The operations plunged into the red to
register Yen 13 million recurring loss and Yen 13 million net losses,
respectively, for the term. This is
referred to the losses from NC’s and foreign exchange losses. This compares with Yen 15 million recurring
profit and Yen 15 million net profit, respectively, a year ago.
For the current term ending Sept 2012 the recurring profit is projected
at Yen 20 million and the net profit at Yen 20 million, respectively, on a 9%
rise in turnover, to Yen 1,650 million.
Extraordinary losses will be gone.
The financial situation is considered RATHER WEAK but should be good for
MODERATE business engagements. Max credit
limit is estimated at Yen (-) 1.8 million, on 30 days, recommending fixed terms
on new transactions.
REGISTRATION
Date Registered: May 2007
Regd No.: (Tokyo-Chuoku) 142864
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%): Melrob Limited UK (66), Satoshi
Kato (34)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, exports
and wholesales industrial chemicals, fine chemicals, other
(--100%)
(Handling Items): Fine chemicals
(intermediates, chiral compounds, amino acids); industrial & specialty
(inorganic, intermediates, metal compounds); bio materials (monomers, silicone,
hydrogen monomers, UV blockers); monomers (metacrylates & acryl ate
monomers); lubricants (oil additives, polybutene & sulphonates); tobacco
(triacetin, acetate tow, BOPP film, papers); other
Clients: [Mfrs,
wholesalers] Melrob Limited, PPG Industries, Melrob Europe, other to China,
Mid/Near East, S/E Asia, other.
No. of accounts:
Unavailable
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Melrob Limited, Mitsubishi Gas Chemical, Nippon Shokubai Co, Ryoko
Co, other
Payment record: Slow
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
· Mizuho Bank (Ogikubo)
· Hong Kong & Shanghai Bank (Tokyo)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
30/09/2012 |
30/09/2011 |
30/09/2010 |
30/09/2009 |
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Annual
Sales |
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1,650 |
1,513 |
1,212 |
551 |
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Recur.
Profit |
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20 |
-13 |
15 |
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Net
Profit |
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20 |
-13 |
15 |
3 |
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Total
Assets |
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365 |
179 |
114 |
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Current
Assets |
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193 |
171 |
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Current
Liabs |
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145 |
113 |
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Net
Worth |
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-5 |
9 |
-7 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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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 |
9.05 |
24.83 |
119.96 |
104.07 |
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Current Ratio |
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.. |
133.10 |
151.33 |
.. |
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N.Worth Ratio |
.. |
-1.37 |
5.03 |
-6.14 |
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R.Profit/Sales |
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1.21 |
-0.86 |
1.24 |
.. |
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N.Profit/Sales |
1.21 |
-0.86 |
1.24 |
0.54 |
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Notes:
Forecast (or estimated) figures for the 30/09/2012 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.49.97 |
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UK Pound |
1 |
Rs.77.74 |
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Euro |
1 |
Rs.65.09 |
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 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.