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Report Date : |
02.07.2012 |
IDENTIFICATION DETAILS
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Name : |
SASAKI CHEMICAL CO LTD |
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Registered Office : |
MSB-21 Minami-Otsuka Bldg 9F, 2-37-5 Minamiotsuka Toshimaku |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
December 1953 |
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Com. Reg. No.: |
0133-01-018502 (Tokyo-Toshimaku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Wholesale of industrial chemicals for hair care, permanent wave lotion, other |
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No. of Employees : |
16 |
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 : |
-- |
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) |
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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 |
SASAKI CHEMICAL CO LTD
REGD NAME: Sasaki
Kagaku KK
MAIN OFFICE: MSB-21
Minami-Otsuka Bldg 9F, 2-37-5 Minamiotsuka Toshimaku Tokyo
170-0005JAPAN
Tel:
03-3946-8681 Fax: 03-3946-8685
URL: http://www.sasaki-chem.co.jp
E-Mail address: (thru the URL)
Wholesale of
industrial chemicals for hair care, permanent wave lotion, other
Osaka, Kawaguchi
RYOITSU SASAKI,
PRES
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 7,013 M
PAYMENTS NO
COMPLAINTS CAPITAL Yen 80 M
TREND SLOW WORTH Yen 4,188 M
STARTED 1953 EMPLOYES 16
TRADING FIRM SPECIALIZING IN INDUSTRIAL CHEMICALS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established
originally in 1943 by Ryosaku Sasaki for mfg industrial chemicals. Incorporated in 1953, the firm terminated the
mfg operations and changed itself to a trading firm. The firm specializes in wholesale of
industrial chemicals for hair care, permanent wave lotions, other. Clients include cosmetic mfrs, beauty-care
goods mfrs, other, nationwide.
The sales volume for Mar/2011 fiscal
term amounted to Yen 7,013 million, a 3% down from Yen 7,258 million in the
previous term. The recurring profit was
posted at Yen 432 million and the net profit at Yen 289 million, respectively,
compared with Yen 597 million recurring profit and Yen 369 million net profit,
respectively, a year ago.
For the term that ended Mar 2012 the
recurring profit was projected at Yen 435 million and the net profit at Yen 290
million, respectively, on a 3% rise in turnover, to Yen 7,200 million. Final results are yet to be released.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Date Registered: Dec
1953
Regd No.:
0133-01-018502 (Tokyo-Toshimaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 640,000 shares
Issued: 160,000 shares
Sum: Yen 80 million
Major
shareholders (%): Ryoitsu Sasaki (100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Wholesales
industrial chemicals for hair-care, permanent wave lotion: hair dyes, hair
tonic hair grease, hair growth stimulant, surfactant, others (--100%)
Clients: [Mfrs,
wholesalers] Kao Co, Kose Corp, Takara Belmont, DHC, Arimino Co, Molto Bene
Inc, Pola Chemical Ind, other
No. of accounts:
500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Ajinomoto Healthy Supply, Showa Denko, Toray-Dow Corning, Sanyo
Chemical Ind, San-Ei Kagaku, other
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
SMBC
(Ikebukuro-Higashiguchi)
Mizuho Bank
(Otsuka)
Relations:
Satisfactory
(In Million
Yen)
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Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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7,200 |
7,013 |
7,258 |
7,029 |
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Recur.
Profit |
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435 |
432 |
597 |
525 |
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Net
Profit |
|
290 |
289 |
369 |
335 |
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Total
Assets |
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10,334 |
6,862 |
6,217 |
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Current
Assets |
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4,243 |
4,007 |
3,349 |
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Current
Liabs |
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1,030 |
1,349 |
942 |
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Net
Worth |
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4,188 |
3,910 |
3,552 |
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Capital,
Paid-Up |
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|
80 |
80 |
80 |
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Div.Total
in million(¥) |
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11.8 |
11.8 |
11.8 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.67 |
-3.38 |
3.26 |
4.72 |
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Current Ratio |
|
.. |
411.94 |
297.03 |
355.52 |
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N.Worth Ratio |
.. |
40.53 |
56.98 |
57.13 |
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R.Profit/Sales |
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6.04 |
6.16 |
8.23 |
7.47 |
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N.Profit/Sales |
4.03 |
4.12 |
5.08 |
4.77 |
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Return On Equity |
.. |
6.90 |
9.44 |
9.43 |
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Notes: Forecast
(or estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.56.31 |
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|
1 |
Rs.88.06 |
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Euro |
1 |
Rs.70.91 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.