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Report Date : |
11.06.2012 |
IDENTIFICATION DETAILS
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Name : |
MARUZEN CHEMICALS CO LTD |
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Registered Office : |
2-4-7 Doshomachi Chuoku |
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Country : |
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Financials (as on) : |
31.10.2011 |
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Date of Incorporation : |
March 1938 |
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Com. Reg. No.: |
(Osaka-Chuoku) 077552 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of industrial chemicals |
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No. of Employees : |
228 |
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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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 March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
MARUZEN CHEMICALS CO LTD
REGD NAME: Maruzen
Yakuhin Sangyo KK
MAIN OFFICE: 2-4-7
Doshomachi Chuoku
Tel:
06-6206-6669 Fax: 06-6206-5660
URL: http://www.maruzen-chem.co.jp/
E-Mail address: info@maruzen-chem.co.jp
Import, export,
wholesale of industrial chemicals
Tokyo, Nagoya,
Fukuoka, Sapporo, Sendai, Kanazawa, Chiba, Kanazawa,
Toyama, Sakai,
Fukuyama
Taiwan, China,
USA, Korea, Singapore, Malaysia (--subsidiaries)
Korea, USA, Taiwan
(--subsidiary mfrs)
RYOICHI
YANAGIHARA, PRES Ichiro Katayama, mgn dir
Hiromasa Hamatani,
mgn dir Masaya Nishiyama, dir
Nobuyuki Endo, dir Katsuhiko Ando, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 68,070 M
PAYMENTS REGULAR CAPITAL Yen 330 M
TREND STEADY WORTH Yen 4,653 M
STARTED 1938 EMPLOYES 228
TRADING FIRM
SPECIALIZING IN INDUSTRIAL CHEMICALS.
FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established
originally in 1869 by Yutaki Hayashi as a pharmacy store, on his account. Incorporated in 1985 as Maruzen Co Ltd. In 1938, reorganized and renamed as
captioned. This is a trading firm, with
mfg division, specializing in import, export and wholesale of industrial
chemicals, agrochemicals, construction materials, others. Active in overseas operations with 6
subsidiaries engaged in sales & purchases: China, Taiwan, Singapore &
USA. Also 3 overseas subsidiary
factories: USA, Korea and Taiwan. Acts
as import agent for Edison Opto Corp (Taiwan), importing LED lamp, module,
lighting fixtures, others. Domestic
clients include chemicals mfrs, Zen-Noh, other, nationwide.
The sales volume for Oct/2011 fiscal
term amounted to Yen 68,070 million, a 14% up from Yen 59,663 million in the
previous term. Demand was robust in
China and other S/E Asian countries in the first half. Imports increased from Taiwan. The recurring profit was posted at Yen 1,116
million and the net profit at Yen 464 million, respectively, compared with Yen
718 million recurring profit and Yen302 million net profit, respectively, a
year ago. .
For the current term ending Oct 2012 the recurring
profit is projected at Yen 1,120 million and the net profit at Yen 450 million,
respectively, on a 3% rise in turnover, to Yen 70,110 million.
The financial situation is
considered FAIR and good for ORDINARY business engagements.
Date Registered: Mar
1938
Regd No.:
(Osaka-Chuoku) 077552
Legal Status: Limited Company
(Kabushiki Kaisha)
Authorized: 7.2 million shares
Issued: 1.8 million shares
Sum: Yen 330 million
Major
shareholders (%): Maruzen Shared Service*(31.7), Employees S/Holding Assn (15.7)
* Real estate
owner/manager owned by the subject.
No. of shareholders: 40
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports and wholesales:
(Sales Breakdown by Divisions):
Industrial
Chemicals (30%): toxic substances, deleterious substances, dyestuffs, paints, oils &
fats, industrial electronics products & materials, high-pressure gases,
liquefied gases, pharmaceuticals raw materials & intermediates,
disinfection chemicals, healthcare equipment, cosmetics, veterinary
pharmaceuticals, others;
Agricultural
Chemicals (14%): agricultural materials, animal feeds, fertilizers, seeds &
seedlings;
Foods (12%): liquors, marine
products, livestock products, food additives, modifiers, acidifier, sweeteners,
seasonings, anti-oxidants, enhancers, thickeners, colorants,
preservatives/disinfectants, food, others;
Electronics (25%): synthetic resins
& molded products, machinery & equipment, pollution processing &
industrial pollution processing, other;
Fine Chemicals
(11%): raw materials for agro-chemicals & medicines, functional
resins/additives, raw materials for functional surface treatment,
cosmetics/toiletries;
Building
Materials, others (8%): building & construction materials, automobile
parts, office supplies, electric home appliances, others;
Overseas sales
Ratio (37%): Imports from and exports to USA, Europe, China, Singapore, Taiwan,
other. Acts as import agent for Edison
Opto Corp (Taiwan) for importing LED lamps, modules, lighting fixtures, others.
Clients: [Electronic
mfrs, wholesalers, chemical mfrs] Sekisui Chemical Ind, Zen-Noh, Asahi Glass,
Showa Denko, Coca-Cola Japan, Murata Mfg Ind, Otsuka Chemical, other
No. of accounts:
500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Sekisui Chemical Ind, JSR, Otsuka Chemical, Nippon Kayaku, Asahi
Glass, Showa Denko, SDS Biotech, Stella Chemifa Corp, other.
Payment record: Regular
Location: Business area in
Osaka. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
Mizuho Bank
(Osaka)
MUFG (Semba-Chuo)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
31/10/2012 |
31/10/2011 |
31/10/2010 |
31/10/2009 |
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Annual
Sales |
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70,110 |
68,070 |
59,663 |
50,959 |
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Recur.
Profit |
|
1,120 |
1,116 |
778 |
405 |
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Net
Profit |
|
460 |
464 |
302 |
217 |
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Total
Assets |
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23,642 |
22,094 |
20,063 |
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Current
Assets |
|
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18,515 |
16,783 |
15,571 |
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Current
Liabs |
|
|
15,131 |
13,636 |
13,082 |
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Net
Worth |
|
|
4,653 |
4,319 |
4,053 |
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Capital,
Paid-Up |
|
|
330 |
330 |
330 |
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Div.P.Share(₯) |
|
|
0.00 |
0.00 |
100.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.00 |
14.09 |
17.08 |
-11.91 |
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Current Ratio |
|
.. |
122.36 |
123.08 |
119.03 |
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N.Worth Ratio |
.. |
19.68 |
19.55 |
20.20 |
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R.Profit/Sales |
|
1.60 |
1.64 |
1.30 |
0.79 |
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N.Profit/Sales |
0.66 |
0.68 |
0.51 |
0.43 |
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Return On Equity |
.. |
9.97 |
6.99 |
5.35 |
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Notes: Forecast (or estimated) figures for the 31/10/2012 fiscal
term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.36 |
|
|
1 |
Rs.85.64 |
|
Euro |
1 |
Rs.69.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
RATING EXPLANATIONS
|
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.