|
Report Date : |
13.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
VENTURE CHEMICAL LTD |
|
|
|
|
Registered Office : |
NK Tanimachi Bldg
11F, 9-1-22 Tanimachi Chuoku |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.09.2011 |
|
|
|
|
Date of Incorporation : |
May
2002 |
|
|
|
|
Com. Reg. No.: |
1200-01-101679
(Osaka-Chuoku) |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Export,
import of specialty/functional chemicals |
|
|
|
|
No. of Employees : |
04 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
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) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
VENTURE CHEMICAL LTD
Venture Chemical
KK
NK Tanimachi Bldg
11F, 9-1-22 Tanimachi Chuoku Osaka 542-0012 JAPAN
Tel:
06-6762-7755 Fax: 06-6762-6700
URL: www.venture-chemical.co.jp
E-mail: matsubayashi@venture-chemical.co.jp
Export,
import of specialty/functional chemicals
Nil
Bangladesh, UK, France, Hong Kong, India, Indonesia, Korea,
Singapore, Thailand, Tanzania, Vietnam (--Sales agents)
TETSUJI
MATSUBAYASHI, PRES
Hiroto
Obara, dir
Hiromi
Matsubayashi, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 740 M
PAYMENTS Slow but Correct CAPITAL Yen 13 M
TREND SLOW WORTH Yen 54 M
STARTED 2002 EMPLOYES 4
TRADING
FIRM SPECIALIZING IN SPECIALTY CHEMICALS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
The subject company was established by Tetsuji Matsubayashi in order to
make most of his experience in the subject line of business. This is a trading firm, owned & operated
by the Matsubayashi family, for exporting specialty & functional chemicals
for cosmetic, textile, ink/paint, other industries (See OPERATION). Has 11 overseas
sales agents (business partners) in UK, France, S/E Asia, other. Goods are partially imported.
Financials are only partially disclosed.
The sales volume for Sept/2011 fiscal term amounted to Yen 740 million,
a 10% down from Yen 820 million in the previous term. Exports increased, but high Yen hurt export
revenues & profits in Yen terms. The
net profit was posted at Yen 7 million, compared with Yen 10 million a year
ago. .
For the current term ending Sept 2012 the net profit is projected at Yen
8 million, on a 3% rise in turnover, to Yen 760 million. Exports revived particularly into S/E Asian
countries. High Yen continues to hurt
sales revenues in Yen terms.
The financial situation is considered maintained FAIR and good for
ORDINARY business engagements.
Date Registered: May 2002
Regd No.: 1200-01-101679 (Osaka-Chuoku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800
shares
Issued: 260 shares
Sum: Yen 13
million
Major shareholders (%):
Tetsuji Matsubayashi (70)
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Trading firm for
exporting specialty & functional chemicals for industries:
Cosmetics (micronized titanium dioxide, micronized zing oxide); Fabric
& Textiles (silver-containing inorganic anti-bacterial agents, carbon nano
tube, photo-catalytic TiO2, white color electro-conductive material); Ink &
Paint (coating materials based on antimony tin oxide, water-based rust-proofing
pigment); bio-gradable polymer, other (--100%)
Clients: [Mfrs, wholesalers]
Exports to Korea, Thailand, Bangladesh, India, Singapore, France, Egypt, UK,
Hong Kong, Pakistan, other
No. of accounts:
Unavailable
Domestic areas of
activities: Centered in greater-Osaka
Suppliers: [Mfrs,
wholesalers] Ajinomoto Fine Techno, Nisshin Olive Oil, Tayka Co, Utsumi Recycle
Systems, Wako Pure Chemical Ind, Fuji Chemical, Ohara Paragium Chemical Co,
other..
Payment record: Slow
but Correct
Location:
Business area in Osaka. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Ueroku)
Kinki
Osaka Bank (Osaka)
Relations:
Satisfactory
(In Million Yen)
|
|
|
30/09/2012 |
30/09/2011 |
30/09/2010 |
30/09/2009 |
|
Annual
Sales |
|
760 |
740 |
820 |
645 |
|
Recur.
Profit |
|
|
|
|
|
|
Net
Profit |
|
8 |
7 |
10 |
8 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
54 |
47 |
37 |
|
Capital,
Paid-Up |
|
|
13 |
13 |
13 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.70 |
-9.76 |
27.13 |
-7.86 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
1.05 |
0.95 |
1.22 |
1.24 |
|
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 30/09/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.05 |
|
UK Pound |
1 |
Rs.86.69 |
|
Euro |
1 |
Rs.69.98 |
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.