|
Report Date : |
11.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
RYOKO CHEMICAL CO LTD |
|
|
|
|
Registered Office : |
1-2-18 Iwamotocho Chiyodaku |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
August 1953 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Import, export, wholesale of
industrial fine chemicals |
|
|
|
|
No. of Employees : |
122 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
RYOKO CHEMICAL CO LTD
Ryoko Kagaku KK
PMO
Nihombashi-Honcho Bldg, 4-12-20 Nihombashi-Honcho Chuoku Tokyo 103-0023JAPAN
Tel: 03-6861-0050 Fax: 03-6861-0032
*.. Registered at: 1-2-18 Iwamotocho Chiyodaku
E-Mail address: (thru the URL)
Import, export, wholesale of industrial fine chemicals
TOSHIKAZU
OKAMURA, PRES Kazuji Yamada, mgn dir
Shigeru
Tanaka, mgn dir Hiroyasu
Suzuki, mgn dir
Hideyuki
Takahashi, mgn dir Shingo
Hagiwara, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 27,925 M
PAYMENTS No
Complaints CAPITAL Yen 100 M
TREND UP WORTH Yen 2,885 M
STARTED 1953 EMPLOYES 122
TRADING FIRM SPECIALIZING IN INDUSTRIAL FINE CHEMICALS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
The subject company was established on the basis of a trading division
separated from Mitsubishi Gas chemical Co Inc (See REGISTRATION). This is a
trading firm for import, export and wholesale of industrial fine chemicals (See
OPERATION). Exports to centrally
The sales volume for Mar/2011 fiscal term amounted to Yen 27,926
million, a 13% up from Yen 24,817 million in the previous term. Price hikes of the chemical products
contributed. Also exports
increased. The recurring profit was
posted at Yen 443 million and the net profit at Yen 273 million, respectively,
compared with Yen 266 million recurring profit and Yen 145 million net profit,
respectively, a year ago.
For the term that ended Mar 2012 the recurring profit was projected at Yen
450 million and the net profit at Yen 275 million, respectively, on a 2% rise
in turnover, to Yen 28,500 million.
Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date
Registered: Aug 1953
Legal
Status: Limited Company (Kabushiki Kaisha)
Authorized:
800,000 shares
Issued:
200,000 shares
Sum:
Yen 100 million
Major
shareholders (%): Mitsubishi Gas Chemical Co Inc* (97.5), Tokyo Shokai (2.5)
No. of shareholders: 2
*.. Major mfr of xylene & methanol, Tokyo, founded 1951,
listed Tokyo S/E, capital Yen 41,970, sales Yen 452,217 million, operating
profit Yen 9,083 million, recurring profit Yen 28,118 million, net profit Yen
12,327 million, total assets Yen 595,250 million, net worth Yen 292,111
million, employees 5,059, pres Kazuo Sakai
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Trading firm for
import, export and wholesale of: chemicals for semiconductor devices, chemicals
for electronic devices, chemicals for general industry use, rust or oxygen
control agents, other (--100%).
Clients: [Mfrs,
wholesalers] Mitsubishi Gas Chemical Co, Ibiden, Toray/Dow Corning, other
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Mitsubishi Gas Chemical Co, Chung Chun Plastics Co, Mitsubishi
Corp, other
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
MUFG
(Ohdenmacho)
SMBC
(Nihombashi)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
|
|
Annual
Sales |
|
28,500 |
27,925 |
24,817 |
24,619 |
|
Recur.
Profit |
|
450 |
443 |
266 |
|
|
Net
Profit |
|
275 |
273 |
145 |
7 |
|
Total
Assets |
|
|
12,166 |
11,586 |
9,668 |
|
Current
Assets |
|
|
11,003 |
10,493 |
|
|
Current
Liabs |
|
|
8,985 |
8,648 |
|
|
Net
Worth |
|
|
2,885 |
2,667 |
2,564 |
|
Capital,
Paid-Up |
|
|
100 |
100 |
100 |
|
Div.P.Share(¥) |
|
|
|
|
|
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.06 |
12.52 |
0.80 |
0.49 |
|
|
Current Ratio |
|
.. |
122.46 |
121.33 |
.. |
|
N.Worth Ratio |
.. |
23.71 |
23.02 |
26.52 |
|
|
R.Profit/Sales |
|
1.58 |
1.59 |
1.07 |
.. |
|
N.Profit/Sales |
0.96 |
0.98 |
0.58 |
0.03 |
|
|
Return On Equity |
.. |
9.46 |
5.44 |
0.27 |
|
Notes:
Forecast (or estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.36 |
|
UK Pound |
1 |
Rs.85.64 |
|
Euro |
1 |
Rs.69.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
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.